What is the gerund form of the verb meaning "to read" in Spanish?
The gerund form for "to read" would translate into "reading", which would be conjugated as follows: "leyendo".
Which kind of business formation creates the greatest amount of personal liability?
Sole proprietorships create the most personal liability because sole proprietors take on all of the risk of loss and liability since business interests/assets are indistinguishable from the proprietor's personal interests/assets.
If ending inventory in year 1 is overstated, how will this affect net income?
Net income will be overstated because the overstatement in ending inventory will cause the cost of goods sold to be understated. Because cost of goods sold is an expense, expenses will be understated which will cause net income to be overstated as a result.