Ethics is an organizational concept, not an individual one

The excess return earned by an asset that has a beta of 1.34 over that earned by a risk-free asset is referred to as the:

A. market risk premium. B. risk premium. C. systematic return. D. total return. E. real rate of return.

To which of the following material asset balances should an auditor object as not in accordance with U.S. GAAP?

a. Franchise fees paid b. Increase in goodwill resulting from annual testing c. Acquisition cost of an Internet domain name d. Research and development costs that will be billed to a customer at a subsequent date