Merchandise inventory accounting systems can be broadly categorized into two types. They are ________

If a planned strategy is not compatible with the company's current culture, and management is not willing to make major organizational changes required to manage around the culture, what should the organization do?

a. Find a joint venture partner or contract with another company to carry out the strategy. b. Implement new strategy and identify how it is superior to the old strategy. c. Move forward very carefully by introducing small steps and modifications before implementation. d. Manage around the culture by establishing a new structural unit to implement the new strategy. e. none of these.

When units are transferred from Processing Department #1 to Processing Department #2, a credit is made to WIP-Processing Department #2 to reflect the transferred-in costs

Indicate whether the statement is true or false