The shape of the uniform probability distribution is:

A) negatively skewed.
B) positively skewed.
C) bell-shaped.
D) rectangular.

D

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During the year, the research staff of Dermoplex, Inc•, devoted Its entire efforts toward developing a skin cancer ointment. All costs that could be attributed directly to the project were accounted for as deferred Charges and classified on the balance sheet as an asset. If the amounts involved are material, the auditor should

a. Express an unmodified opinion with an other-matter paragraph explaining the uncertainty of cost recovery. b. Disclaim an opinion. c. Express an adverse opinion. d. Express an unmodified opinion provided that the uncertainty about ultimate realization of the deferred charges is disclosed in the notes.

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A decrease in the expected rate of inflation will ________ the expected return on bonds relative to that on ________ assets

A) reduce; financial B) reduce; real C) raise; financial D) raise; real

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