The accounting firm of Gray & Co did accounting work for both Regional Bank and Carter Electronics. Without Carter's knowledge or approval, Gray & Co discussed Carter's financial problems with Regional Bank. In this situation, Gray & Co
A) breached a legal obligation to keep all client information confidential

B) breached a moral, but not a legal, obligation of confidentiality.
C) did not breach any obligations to its clients.
D) acted properly because it was protecting its client, Regional Bank, from possibly making an unwise loan to Carter Electronics.

A

Business

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EPS data are required on the face of which of the following financial statements?

a. Statement of retained earnings b. Statement of stockholders' equity c. Income statement d. Balance sheet

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Axis Auto tries to keep its operational spending as low as possible so that it can pass its savings on to customers in the form of lower prices. This is known as a ________ strategy

A) cost-leadership B) differentiation C) specialization D) growth

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