A prior-period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made

Indicate whether the statement is true or false


True

Business

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Aries and Eros start a partnership with capital contributions of $36,000 and $55,000, respectively. Over the course of the year, Aries withdraws $5100 from the business in order to meet his personal expenses. Which of the following is the correct journal entry to record the above withdrawal?

Business

The British prime minister David Cameron led the privatization movement.

Answer the following statement true (T) or false (F)

Business

What diversity factor did the EEOC add to its discrimination definitions in 2016?

a. gender b. age c. intellectual disability d. LGBT

Business

In a(n) ________ structure, there are many small sellers, each having similar products, and each unable to have a significant impact on the quality, price, or supply of a product

A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition

Business