An entrepreneur considering two sites for a men and boys' shop determines that he needs sales of $158 per square foot to be profitable. Site #1 has 13,500 potential customers who spend an average of $160.20 per year on men and boys' wear. Two competitors occupy 14,200 square feet of space. Site #2 has 10,800 potential customers spending an average of $152.10 per year on men and boys' wear. One competitor has 10,000 square feet.

When is a duty to disclose fraud to parties other than the entity's senior management and its audit committee most likely to exist?

a. When the amount is material b. When the fraud results from misappropriation of assets rather than fraudulent financial reporting c. In response to inquires from a successors auditor d. When a line manager rather than a lower-level employee commits the fraudulent acts

Form 706, United States Estate Tax Return, was filed for John Doe in 2016. His gross estate tax was $250,000. Which group of credits is allowable in computing his net estate tax?

A. Applicable credit amount and marital deduction credit. B. Credit for foreign death taxes and credit for taxes paid on prior transfers. C. Credit for funeral expenses and credit for charitable contributions. D. Credit for gift taxes and credit for casualty and theft losses.