The primary concerns of Hindu law are national security and collectivization of the economy

Late in December Tech Products company sold available-for-sale Securities that had appreciated in value and then repurchased them the same day. The sale and purchase transactions resulted in a large gain. Without the gain, the company would have reported a loss for the year. Which statement with respect to the auditor is true?

a. If the sale and repurchase are disclosed an unmodified opinion should be expressed b. The repurchase transaction is a sham and the Auditors should insist upon a reversal or express an adverse opinion c. The Auditors should withdraw from the engagement and refused to be associated with the company d. A disclaimer of opinion should be expressed

Currency swaps are exclusively for periods of time under one year

Indicate whether the statement is true or false.