The liability of the accountant can be both civil and criminal.

Answer the following statement true (T) or false (F)


True

Business

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If a seller says "These goods are first class," this is an example of:

A. sales talk. B. an express warranty. C. an implied warranty of merchantability. D. an implied warranty of fitness for a particular purpose.

Business

Stocks are different from bonds because ________

A) stocks, unlike bonds, are major sources of funds B) stocks, unlike bonds, represent residual ownership C) stocks, unlike bonds, give owners legal claims to payments D) bonds, unlike stocks, represent voting ownership

Business

Suppose 90-day investments in Britain have a 6.00% annualized return and a 1.50% quarterly (90-day) return. In the U.S., 90-day investments of similar risk have a 4.00% annualized return and a 1.00% quarterly (90-day) return. In the 90-day forward market, 1 British pound equals $1.70. If interest rate parity holds, what is the spot exchange rate ($/£)? Do not round the intermediate calculations and round the final answer to four decimal places.

A. $1.7084 B. $1.8280 C. $1.8109 D. $1.8793 E. $2.0159

Business

Under the Copyright Act, a copyright owner does not have which of the following rights?

a. to perform the work in public b. to receive royalties collected by the Copyright Office c. to publish the work d. to prepare other works based off the original work e. all of the others choices are rights

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