In a master franchising agreement, the master franchisee has the right to subfranchise to other independent businesses and thus assume the role of the local franchisor

The consistent application of an inventory costing method is essential for

A. conservatism B. accuracy C. comparability D. efficiency

Completing 3,000 units which were each 75% complete at the beginning of the period represents 2,250 equivalent units of work during the current period

Indicate whether the statement is true or false.