Analyze the following transactions (omissions or incorrect accounting treatments) and assess whether the accounts are Overstated, Understated, or No Effect. Fill in the appropriate boxes as (O), (U), (N). Base your analysis on Proper GAAP. Number 10 relates to impact resulting from the decision.

AssetsLiabilities Equity Revenues Expenses Net Income The company failed to write down a 50impairment of The company used too large a discount rate to estimate the present value of future service costs on a defined benefit 2pension plan The company used too low a rate in estimating account receivable 3 defaults company capitalized all research and development costs The company recognized all gift 4 sales as revenues in the year sold even though they don't expire for 3 years The 5 company failed to impair goodwill despite having a competitive advantage loss Regular equipment maintenance expenditures were recognized as capital improvements to the 6 7 assets A car manufacturer knew of potentially faulty accelerators orn new cars sold under warranty but didn't adjust financial statement 8 for the estimated costs company failed to recognize gn currency losses related to foreign international sales transactions The company, an importer, failed to hedge foreign exchange risk in a year when the dollar was 10 strengthenin