Question 18 BG Company weathe . During the year the y had income and Common Stock Ipectively and paid cash dividends of Company lected to it. What is the r ORAN O Decrease OREN ORE Decre t Question 19 1 pts Seth's Surf Shop buys and sells surfboards in its first month of business during which time the shop purchased and sold its first surfboards, the accountant accidentally used UFO instead of FIFO to account for its inventory costs Sets Surf Shop uses the periodic method to account for its inventory. The surfboard market experienced rising costs during this period. During the accounting period, the company purchased more surfboards than it sold What is the effect of this error on Assets, Liabilities, and Stockholders'Equity, respectively? Assets are understated. No Electon e s and Stockholders' Equity is Overstated Assets are understated Nemect on Stockholders' Equity is Understated AsseOverse Notect on and Stockholders' Equity is Understated Assets are verstated. No Electon e s and Stockholders' uity is Overstated