Kay and Lee performed an audit required for Holligan Industries to extend a loan with Second National Bank & Trust. Kay and Lee may be liable for:
A. Ordinary negligence to the bank that loaned money to Holligan because the firm did not discover improper accounting for revenue and assets
B. Holligan declaring bankruptcy without a going-concern emphasis of matter
C. Second National Bank & Trust declining to extend the loan
D. Gross negligence to the bank that loaned money to Holligan because the firm did not discover improper accounting for receivables and inventory
Answer: D
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Morris recently purchased a building and the tract of land on which it is located. Morris plans to raze the building immediately and to erect a new building on the site. The appraised value of the original building should be
A) written off as an extraordinary loss in the year the building is razed. B) capitalized as part of the cost of the land. C) depreciated over the period from the date of acquisition to the date that the building is to be razed. D) capitalized as part of the cost of the new building.
Under which promotional mix strategy does the producer direct its marketing activities toward channel members to induce them to carry the product and promote it to final consumers?
A) pull strategy B) blitz strategy C) push strategy D) buzz strategy E) pulse strategy
Condescending words seem to imply that the communicator is temporarily coming down from a level of superiority to join the receiver on a level of inferiority
Indicate whether the statement is true or false
If employees come in to start work early, or stay beyond scheduled hours, or come in to work on days off,
a. the extra time put in on the job could be used to re-classify those employees from non-exempt to exempt b. the extra time put in on the job could qualify those employees for overtime pay c. under the FLSA, they have volunteered their services for that extra time d. none of these