Assume that the cole designs inc. financial statements in the unadjusted financial statements panel were prepared from the unadjusted trial balance and the financial statements in the adjusted financial statements panel were prepared from the adjusted trial balance. for the following financial statement items, indicate if the item was overstated, understated or neither in the financial statements prepared using the unadjusted trial balance.

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3