Which of the following statements concerning private placements is MOST correct?
A) Private placements do not involve investment bankers.
B) More than half of all private placements are sold to federal, state, or local governments or
government agencies.
C) Although not selling the securities to the public, investment bankers may provide advice on
the evaluation of prospective buyers and the terms of sale for private placements.
D) Private placements are limited to stocks, not bonds.
C
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The appearance of independence of a CPA, or that CPA's firm, is most likely to be impaired if the CPA
a. provides appraisal, valuation, or actuarial services for an attest client b. Joins a trade association, which is an attest client, and serves in a nonmanagement capacity c. Accepts a token gift from an attest client d. Serves as an executor and trustee of the estate of an individual who owned the majority of the stock of a closely held client corporation
The written research report can be grouped into three sections, which are:
A) body, introduction, ending B) introduction, body, end matter C) front matter, body, end matter D) fore matter, middle matter, end matter E) none of the above