The accuracy of information included in footnotes accompanying the audited financial statements issued by a company whose shares are traded on a stock exchange is the primary responsibility of:
A. the independent auditor.
B. the securities and exchange commission.
C. the company's management.
D. the stock exchange officials.
Answer: C
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Miriam established a trust by placing substantial funds in a trust account for the benefit of her son, Robert. Miriam appointed her brother, Fred, as trustee for the trust. In the trust document, she did not expressly define Fred's powers as trustee, or his duties. Under these circumstances, Fred ________.
A. must use a reasonable degree of skill, judgment, and care in the exercise of his duties B. is obligated to turn over the money to Robert at the earliest C. has the right to commingle his property with the property he holds in trust D. does not owe any fiduciary duty to the beneficiary
Nick and Jamie own stock in Chromex Industries, a watch manufacturer. In 2015, Nick received dividend at the rate of 2 percent, whereas Jamie received dividend at the rate of 0.5 percent. In this scenario, which type of stock did Nick own?
A) cumulative preferred B) common C) convertible D) participating preferred
Describe the three areas marketers should examine when they evaluate relevant market segments.
What will be an ideal response?
Apparent authority usually comes into existence through a principal's pattern of conduct over time.
Answer the following statement true (T) or false (F)