According to ________, the accountant is liable to any reasonably foreseeable user of the statement the accountant prepares
A) the Ultramares Doctrine
B) Section 552 of the Restatement (Second) of Torts
C) the reasonably foreseeable user rule
D) market share theory
C
You might also like to view...
Generro Company is considering the purchase of equipment that would cost $36,000 and offer annual cash inflows of $10,500 over its useful life of 5 years. Assuming a desired rate of return of 12%, is the project acceptable? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
A. Yes, since the positive net present value indicates the investment will earn a rate of return greater than 12%. B. No, since the negative net present value indicates the investment will yield a rate of return below the desired rate of return. C. Yes, since the investment will generate $52,500 in future cash flows, which is greater than the purchase cost of $36,000. D. The answer cannot be determined.
Which of the following is NOT included in calculating the cost of quality?
a. activities to prevent poor quality b. activities to measure quality c. activities to fix poor quality d. activities to fix price
Lit Furniture manufactures a small table and a large table
The small table sells for $900, has variable costs of $770 per table, and takes 7.50 labor hours to manufacture. The large table sells for $1,500, has variable costs of $900, and takes 15 direct labor hours to manufacture. If the company has no sales limitations on either product, it should make and sell as many of the large tables as possible to maximize operating income. Indicate whether the statement is true or false
"Jurisdiction over the person" means that a court can hear and decide a case because it has authority over the ____________________ in the case
Fill in the blank(s) with correct word