Ethical choices often prove costly to firms in the short term

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TRUE

Business

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The number of equivalent units for direct materials is the same as the number for conversion costs

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Business

U.S. GAAP and IFRS require firms to disclose unrealized gains and losses that historically have bypassed the income statement in a category called other comprehensive income

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Business

Business firms are permitted to systematically charge a portion of the market value of fixed assets as depreciation against annual revenues

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Business

Many captive insurance companies are located in states where insurance regulation is very strict

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Business