The primary source of evidence concerning contingencies is the client's external attorney
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following is an agency that is formed when an unauthorized act of an agent is accepted by the principal?
A) expressed agency B) agency by implied authority C) agency through ratification D) agency by estoppel
How are outsourcing and vertical integration related? Can a single firm successfully do both?
What will be an ideal response?
Find the return on assets if net income was $55,000, total assets are $115,000, EBIT was $100,000, and equity is $75,000
A) 73.3% B) 63.1% C) 87.0% D) 47.8% E) 55.0%
A company had net cash flows from operations of $138,000, cash flows from financing of $366,000, total cash flows of $554,000, and average total assets of $3,580,000. The cash flow on total assets ratio equals:
A. 4.1%. B. 24.9%. C. 15.5%. D. 15.4%. E. 3.9%.