Given the following small project, the critical path is ________ days

If ending inventory is understated for Year 1, then in Year 2:

A) cost of goods sold and gross profit will both be understated. B) cost of goods sold and gross profit will both be overstated. C) cost of goods sold will be overstated and gross profit will be understated. D) cost of goods sold will be understated and gross profit will be overstated.

Cash dividends received on stock investments with less than 20% ownership of the investee should be credited to the Investment in Available-for-Sale Securities account

Indicate whether the statement is true or false