The practice in military boot camp of treating new recruits with no respect and denying them any dignity is a classic example of investiture
Indicate whether the statement is true or false
FALSE
Explanation: When new military recruits are treated with little respect and tolerance until they have learned their duties and "gotten with the program," this is the socialization tactic of divestiture.
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When disclosing the impact of a retrospective adjustment for the change from LIFO to FIFO in 2017, which of the following impacts is not expected to be reported in the comparative financial statements when two-year comparative statements are presented?
A) impact on beginning inventory for 2016 B) impact on 2016 net income C) impact on ending inventory for 2017 D) impact on cost of goods sold for 2016