Grover Nut Company files a suit against Hud, its former accountant, alleging actual fraud. Grover must prove
A. intent to deceive.
B. misrepresentation of a non-material fact.
C. the lack of an injury.
D. unjustifiable reliance.
Answer: A
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Which of the following should not be included in an accountant's standard report based upon the compilation of an entity's financial statements?
A. A statement that the compilation was performed in accordance with standards established by the American Institute of CPAs. B. A statement that a compilation is limited to presenting, in the form of financial statements, information that is the representation of management. C. A statement that the accountant does not express an opinion but expresses only limited assurance on the financial statements. D. A statement that the accountant has not audited or reviewed the financial statements.
Which sentence is better expressed?
A) Our efficient, administrative assistant will process your claim quickly. B) Our efficient administrative assistant will process your claim quickly.
To find a violation of Section 2 of the Sherman Act, if sufficient monopoly power has been proved, the law must then show that the firm has engaged in unfair conduct
a. True b. False Indicate whether the statement is true or false
The fact that corporations' shares are easily traded within the market has a net effect of acting as a disincentive for managers to favor the interests of shareholders over their own interests
Indicate whether this statement is true or false.