In establishing that the third party relied on the financial statements, one factor that works against plaintiffs' establishing such reliance is:
A. Fraud did not exist
B. Damages or loss suffered by the plaintiff would not have occurred regardless of whether the audited financial statements were misstated
C. Damages or loss suffered by the plaintiff would have occurred regardless of whether the audited financial statements were misstated
D. Negligence did not exist
C. Damages or loss suffered by the plaintiff would have occurred regardless of whether the audited financial statements were misstated
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The amount of earnings distributed to stockholders can be found in the income statement
a. True b. False Indicate whether the statement is true or false
The Fair Debt Collection Practices Act prohibits which of the following practices by a debt collector?
A. falsely representing himself as a lawyer B. telephoning the debtor at 8:00 a.m. C. visiting a debtor at work if the employer permits personal visits D. using neighbors to locate the debtor
Dickus Corporation's only product sells for $100 per unit. Its current sales are 35,600 units and its break-even sales are 29,192 units. Required: Compute the margin of safety in both dollars and as a percentage of sales.
What will be an ideal response?
Revocation of acceptance is not effective until the seller or lessor is so notified
Indicate whether the statement is true or false