An accountant isalways liable for a misleading statement that affects the price of a security, even if the accountant acted in good faith

Indicate whether the statement is true or false


F

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If a household purchases small amounts of foreign currency from an automated teller machine (ATM), the bank typically imposes an additional service charge for the transaction.

a. True b. False

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Different accounting practices will not have an impact on the comparative ratio analysis of the firms.

Answer the following statement true (T) or false (F)

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Donna makes annual end of year payments of $5,403.71 on a four year loan with an interest rate of 13 percent. The original principal amount was: (Round to the nearest whole dollar)

A) $16,073 B) $22,139 C) $15,092 D) $17,175

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Last school year, the student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors. A sample of 300 students taken from this year's student body showed the following number of students in each classification. Freshmen 83 Sophomores 68 Juniors 85 Seniors 64 We are interested in determining whether or not there has been a significant change in the

classifications between the last school year and this school year. The calculated value for the test statistic equals a. 0.5444 b. 300 c. 1.6615 d. 6.6615

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