A DES key is 40 bits long
Indicate whether the statement is true or false.
Answer: FALSE
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________ is a tort that consists of encroaching on the solitude, seclusion, or personal affairs of someone who has the right to expect freedom from interference
A) Public disclosure of private facts B) Invasion of privacy C) False light D) Appropriation
If you want to determine the likelihood that a particular event will occur, you should calculate the…
a. standard deviation b. z-score c. probability d. variance
It is the end of the client's first quarter and Bill Smith, CPA has been engaged to perform a compilation and to issue a compilation report on the financial statements. The client does not wish to present notes to the financial statements. The appropriate report includes:
A. Qualified opinion ("subject to" the omission of the notes). B. Compilation report with an adverse opinion due to inadequate disclosure. C. Compilation report with an indication that all required disclosures under GAAP may not be presented with the statements. D. Standard compilation report.
Krause Corporation makes an S election, believing that it has no current or accumulated E&P. However, after an IRS audit, Krause is found to have failed the passive investment income test for three consecutive years and also to have a Subchapter C E&P balance from its three pre-election tax years. The IRS will
A) automatically terminate the election and Krause cannot reelect for a 5-year time period. B) retroactively revoke the election to the first day on which it was effective and Krause will not be able to reelect. C) treat the error as such and allow the election to continue unbroken. D) likely treat the termination as inadvertent and will probably approve a continued S election if the corporation distributes the Subchapter C E&P.