There are no violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency." The foregoing passage most likely is from a(an)
A. Entity engagement letter.
B. Report on compliance with laws and regulations.
C. Management representation letter.
D. Attestation report on internal controls.
C. Management representation letter.
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An investor buys stock for $10,000 at the beginning of the year. She earns dividends of $300 during the course of the year. At the end of the year, the stock is worth $10,800. The tax rate on dividends and capital gains is 15 percent. The inflation rate is 3 percent. What is the real return accrued on the stock at the end of the year, provided the investor does not sell the stock?
A. 6.35 percent. B. 6.95 percent. C. 7.55 percent. D. 8 percent.
When job seekers go through the __________ process, they consider opportunities that match with their personal priorities.
a. career exploration b. salary negotiation c. priority exploration d. contract negotiation
If the growth rate of the money supply is 4 percent, the growth rate of velocity of money is 1 percent, and real output growth is 2 percent, what is the inflation rate?
A. ?3 percent B. ?1 percent C. +1 percent D. +3 percent
A de facto corporation:
A. did not exist when there was an honest attempt to comply with the mandatory provisions of the corporate statute. B. existed when the promoters substantially complied with all mandatory provisions. C. was permitted to deny its corporate existence. D. could not be challenged by a third party.