Which of the following arguments is not a reason for retaining an outside public relations firm?
A. Public relations firms lose their independence once they are retained by a client.
B. Client management previous did not have a formal public relations program.
C. Client headquarters is far from media, government, and financial centers.
D. The situation may require the independent judgment of an outsider.
E. All of the above
A
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Under the foreseeability standard, an accountant is liable even if he or she had no knowledge of the intended user of the audited financial statements
Indicate whether the statement is true or false
Current assets values may be estimated by calculating:
A) The future value of all cash flows expected from the asset. B) A sum of all cash flows forecasted from the use and/or sale of the asset. C) The present value of all future cash flows expected from the asset. D) The cash flows expected from the asset without adjusting for the time value of money. E) Only the present value of the cash flows to be received in the first two years since later cash flows are too uncertain to be considered.