As a firm's maintenance commitment increases:
A) the breakdown maintenance costs increase, and the preventive maintenance costs decrease.
B) both the breakdown maintenance costs and the preventive maintenance costs decrease.
C) the breakdown maintenance costs decrease, and the preventive maintenance costs increase.
D) both the breakdown maintenance costs and the preventive maintenance costs increase.
E) None of the above is true.
C
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An issuer client who disagrees with the independent auditor on a significant matter affecting its financial statements has several courses of action. Which of the following courses of action would be inappropriate?
a. Appeal to the FASB to review the significant matter b. Modify the financial statements by expressing in the notes its viewpoint with regard to the significant matter c. Ask the auditor to refer in the auditor's report to a client note in the financial statements that discusses the client point of view with regard to the significant matter d. Engage another independent auditor
A valid written lease does not require..
A. A legal description B. An offer and acceptance C. Valuable consideration D. The signatures of both parties