Norman is an accountant. Norman's violation of generally accepted accounting principles and generally accepted auditing standards
a. does not indicate that Norman was negligent.
b. isprima facie evidence that Norman was negligent.
c. precludesNorman from raising any defense against a negligence claim.
d. is embarrassing but will never subject Norman to liability.
B
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M1 consists of
A. coins, paper currency, and travelers checks. B. coins, paper currency, travelers checks, and amounts in checking accounts. C. coins, paper currency, travelers checks, and amounts in checking accounts and savings accounts. D. coins, paper currency, travelers checks, and amounts in checking accounts and retail money-market mutual funds.
Having a positive attitude typically creates a communication barrier because most people will think you are hiding the truth
Indicate whether the statement is true or false.
Which of the following assumptions about the Security Market Line is NOT true?
A) There is a basic reward for waiting: the risk-free rate. B) The greater the risk, the greater the expected return. C) There is an inconsistent trade-off between risk and reward at all levels of risk. D) All of the above statements are true.
Corrine Corporation, which uses least-squares regression analysis, has derived the following regression equation for estimates of manufacturing overhead: Y = 495,000 + 5.65X. Which of the following statements is true if the primary cost driver is machine hours?
A. The company anticipates $495,000 of fixed manufacturing overhead and "X" represents the number of machine hours. B. The company anticipates $495,000 of fixed manufacturing overhead. C. "X" is commonly known as the dependent variable. D. Total manufacturing overhead is represented by the variable "X." E. "X" represents the number of machine hours.