The Immigration Reform and Control Act requires that all employers
A. refuse to hire anyone who does not have a green card.
B. hire only U.S. citizens.
C. require all individuals hired to become U.S. citizens within six months of hire.
D. verify that all workers hired have the legal right to work in the U.S.
Ans: D. verify that all workers hired have the legal right to work in the U.S.
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Which of the following is true about Preferred Stock?
A) Preferred shareholders always have voting rights. B) If at a time a dividend is due on preferred stock, if the company does not have the funds to pay the dividend, the right of the preferred shareholders to collect that dividend lapses. C) Preferred dividends are not tax deductible to the corporation. D) Like bonds, preferred stock always has a maturity date at which time the issue price must be repaid to shareholders.
Which of the following would not be included in a CPA's report based upon a review of the financial statements of a nonpublic entity?
A) a statement that the review was in accordance with generally accepted auditing standards B) a statement that all information included in the financial statements is the representation of management C) a statement that the review primarily consists of analytical procedures and inquiries D) a statement that the accountant has conducted a review