Which of the following errors in the journal entry will not be detected by trial balance? a) credits are understand and debits are recorded correctly b) debits are overstated and the credits are correctly recorded c) debits are understated and the credits are overstated by different amounts d)both debit and credit parts are overstated by the same amount

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?