In which of the following ways can an accountant defeat the imposition of liability under Section 18(a)?
A) if he or she can show that the misleading statement was made to protect the company from bankruptcy
B) if he or she had acted out of recklessness
C) if he or she was an employee to the plaintiff
D) if he or she can show that the plaintiff had knowledge of the false statement
D
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Which of the following is the proper treatment for a contingency that is probable but the exact amount of which is not known? The amount can be estimated
A) The liability should be doubled following conservatism. B) The liability should be estimated and recorded. C) The liability should be ignored. D) The liability should be reported in the notes to the financial statements.
The stimulus-response sales approach:
A) strives to discover a customer's needs during the first part of the sales call and then provide solutions to those needs B) requires the two organizations to develop a common mission C) requires employees from the selling organization to analyze the buyer's business D) uses specific statements (stimuli) to elicit specific responses from customers