Darrel, Smith, Keith, and Aaron are claimants to a collateral interest. Smith and Darrel secure their interests. Aaron takes physical possession of the collateral. Keith files a financing statement some time later
Who among the four will have highest priority of claim to the collateral?
A) Darrel
B) Smith
C) Keith
D) Aaron
D
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According to the ethical standards of the profession, a CPA's independence would most likely be impaired if the CPA:
a. Accepted any gift from a client b. Became a member of a trade association that is a client c. Contracted with a client to supervise the client's office personnel d. Served, with a client bank, as a co-fiduciary of an estate of trust
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