According to Hellmut Schütte, which of the following is a higher-level need that can be satisfied through acts within a group that command respect?

This method assumes that the oldest goods are sold first

A) LIFO B) FIFO C) Specific invoice method D) Weighted-average method

The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows: Retained Earnings (beginning) + Net Income - Dividends = Retained Earnings (ending)

Indicate whether the statement is true or false