A subagent that has not been specifically empowered by the principal can still create liability for the principal.

Budgeted purchases of direct materials is determined by adding direct materials needed for production to the desired direct materials in ending inventory

Indicate whether the statement is true or false

In a _______________ ownership, two or more persons share ownership with undivided interest. Because their shares of interests are fractional but undivided, they have equal rights of possession.

Fill in the blank(s) with the appropriate word(s).