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1. Can you think of an instance where we might not have a violation of independence in fact, but we might have one in appearance? Why is this equally bad?
2. The creation of the PCAOB was an important part of the Sarbanes-Oxley Act. Now, does the PCAOB actually audit companies? If not, what is their oversight role?
3. Can you think of any disadvantages associated with teleconferencing or webconferencing?
4. Round-robin brainstorming can be a good technique. Let's say that we were going to incorporate this technique for a brainstorming session for a new client. You're in charge of creating the agenda and contacting the people who will attend the meeting. Where do you begin? What assignment should each person have?
Assume that the real risk-free rate, r, is 3 percent and that inflation is expected to be 8 percent in Year 1, 5 percent in Year 2 and 4 percent thereafter.
How much must the balance of the fund equal on June 30, 2017, in order for Clarence Weatherspoon to satisfy his objective?
Prepare a comparative balance sheet for 2008 and 2007, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of total
Ponderosa acquired 100% control of Sumac on January 1, 2009. The purchase differential included $30,000 attributable to undervaluation of Sumac's inventory. Both Ponderosa a
(a) In a troubled-debt situation, why might the creditor grant concessions to the debtor?(b) What type of concessions might a creditor grant the debtor in a troubled-debt situ
When Ségolène Royal was running unsuccessfully for president of France, she proposed that workers who lost their jobs would receive unemployment payments equal to 90 percent
Sophia lives several blocks from her parents in the same residential subdivision. Sophia is surprised to learn that her ad valorem property taxes for the year were raised, w
You have run a series of regressions of firm value changes at Motorola, the semiconductor company, against changes in a number of macroeconomic variables. The results are su
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