When the auditor is determining whether the client followed a consistent depreciation policy from period to period, and the client's depreciation calculations are correct, the balance-related audit objective of ________ is being determined for

A fee simple absolute estate is defined as:

a. an estate based on a condition precedent. b. an estate for years. c. the highest interest one can have in real property. d. a life estate.

While we are using historic return to estimate a stock's beta, why can't we use historic data to forecast the expected return for the stock?

What will be an ideal response?