It is per se illegal under the Sherman Act for sellers to agree to a maximum price, but not a minimum price

What are the PCAOB standards that present guidance in testing assertions and planning for the audit are known as?

a. General standards. b. Fieldwork standards. c. Reporting standards. d. None of the above.

Assets are classified as current for reporting purposes when

a. shares of common stock in a company's important supplier are acquired to ensure continued availability of raw materials. b. shares of common stock in another company are acquired to diversify operations. c. expenditures are made in developing new technologies or advertising products. d. they are reasonably expected to be turned into cash or to be sold or consumed during the normal operating cycle of the business. e. they are reasonably expected to be turned into cash or to be sold or consumed within the next three years.