In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.
Answer the following statement true (T) or false (F)
True
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What are some of the controversies surrounding the business involvement in the education system?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Social innovations occur at the edges of the private, social and public sectors of the economy and are not considered a part of the fourth sector. 2. Microfinancing is considered a newer form of social impact investing. 3. Socially responsible investing (SRI) is another term used interchangeably with social impact investing. 4. Philanthrocapitalism draws upon modern business practices, that is, the philosophy of capitalist style objectives and criteria with an entrepreneurial spirit to get more from non-profit or social organizations. 5. Social issues can be prioritized into three types: generic, value chain, and sustainability agenda.
If a prior-period error only affects the balance sheet, the company should
A) discuss the error in the notes to the financial statements only. B) restate the balance sheet from the prior year if it shows comparative financial statements. C) make a correcting journal entry and restate the balance sheet for the prior year. D) discuss the error in the notes to the financial statements and restate the balance sheet from the prior year.
An emolument is the delivery of personal property by one person to another person who accepts it and is under an express or implied agreement to return it.
Answer the following statement true (T) or false (F)