Assume that you open a 100-share short position in Jiffy, Inc common stock at the bid-ask price of $32.00 - $32.50. When you close your position, the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0
5%, what is your profit or loss on the short investment?
A) $32.50 gain
B) $16.25 loss
C) $132.50 loss
D) $100.00 gain
C
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Third step in incorporation is to prepare the _____________________. This is the primary document needed to incorporate a business.
Fill in the blank(s) with the appropriate word(s).
At 101, Attest Engagements, states general standards, standards of field work, and standards of reporting. These standards
a. Apply when a practitioner performs consulting services b. Apply only to the expression of a positive opinion on historical financial statements c. Apply only to attest services performed by a CPA in public practice d. Must be followed by a practitioner engaged to provide compilation services on prospective financial information