1.What is commercial paper and where is it listed on the statement of cash flows? Answer must be detailed for bonus points to be given.

2.Errors not affecting prior years' net income is not classified as a prior year period adjustment since it does not affect [a]

3.When ending inventory is incorrectly counted, it affects the beginning inventory for the following period.Since the income is overstated in the current period and understated in the next period, this is called a(n) [a].