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:

First Street, Inc. has 6 units in ending merchandise inventory on December 31. The units were purchased in November for $190 each. The price lists from suppliers indicate the current replacement cost of the item to be $182 each

Which of the following statements is true of the effects of the adjustments to ending merchandise inventory on the cost of goods sold? A) The cost of goods sold would increase by $8. B) The cost of goods sold would not be affected. C) The cost of goods sold would decrease by $48. D) The cost of goods sold would increase by $48.

If a CPA is engaged by an attorney to assist in the defense of a criminal tax fraud case involving the attorney's client, information obtained by the CPA from the client after being engaged

A. Is not privileged because the matter involves a federal issue. B. Is not privileged in jurisdictions that do not recognize an accountant-client privilege. C. Will be deemed privileged communications under certain circumstances. D. Will be deemed privileged communications provided that the CPA prepared the client's tax return.