The position description of the Assistant Athletic Director for Marketing may include all of the following except

Which of the following statements is true with respect to ownership, possession, or access to a CPA firm's working papers related to its tax practice?

A. Working papers may never be obtained by third parties unless the client consents. B. Working papers are not transferable to a purchaser of a CPA practice unless the client consents. C. Working papers are subject to the privileged communication rule, which, in most jurisdictions, prevents any third-party access to the working papers. D. Working papers are the client's exclusive property.

Investing activities include those transactions involving the purchase and sale of long-term assets, investments in debt and equity securities, and lending money and collecting the principal on the related loans

Indicate whether the statement is true or false