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1. Suppose the same system is used (packaging by count), but this time we only want to have 10 pieces in a package. Where is the target weight? (Again, we want to be 99.5% sure that the package has at least 10 pieces.) What assumption is particularly relevant with these small counts?
2. In which situation (10 pieces or 60 pieces) would the packaging system be more likely to put more than the labeled count of candies into a package?
When should an NFPO make a reclassification of its net assets?
Deduce extant problems with interim reporting and authoritative positions of the issues, and make recommendations you believe would help further resolve the problems. Provide specific examples to support your response.
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What are some similarities and differences between common stock and preferred stock? As a shareholder, would you want preferred or common stock? Explain why. As a corporation, would you rather issue preferred or common stock? Explain why.
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