Jim, an accountant, contracts to perform services for Kasey. Jim acts in good faith and conforms with generally accepted accounting principles, but makes a mistake in judgment. Jim is most likely

A. liable if Jim failed to discover a defalcation.
B. liable if Jim failed to discover a fraud.
C. liable if Jim failed to discover an impropriety.
D. not liable.


Answer: D

Business

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When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at

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