What is the audit committee of the board of directors of a company responsible for?
a. Hiring the auditor.
b. Preparing the financial statements.
c. The audit workpapers.
d. Obtaining evidence.
a
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The transfer of the points cost by GMC to Rose Hill purchasers: A)?Is not a settlement service covered under RESPA
B)?Is a kickback under RESPA. C)?Is not covered because RESPA does not apply to FHA or VA loans. D)?Both a and c
U.S. and foreign security issuers are exempt from registration requirements for the sale of bonds and stocks to institutions with a portfolio of at least $100 million in securities under the provisions of:
a. the Howey Rule b. Rule 144A of the 1933 Securities Act c. Rule 14 of the 1933 Securities Act d. Rule 144A of the 1934 Securities Exchange Act e. the Qualified Institutional Buyers Rule
Which ratio compares the earnings per share of a company to the market price for a share of the company's stock?
A. Return on equity B. Book value per share C. Price-earnings ratio D. Dividend yield