1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kherson [118]
2 years ago
9

When courts find accountants liable for constructive fraud, the implication is that:______.

Business
1 answer:
barxatty [35]2 years ago
7 0

Even if they were unaware of the fraud, accountants may be held accountable for it.

<h3>How does constructive fraud work?</h3>

A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.

The elements are:

1) a duty owed by the party to be charged to the complaining party due to their relationship;

2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and

3) reliance on such statements by the complaining party.

To know more about fraud visit:

https://brainly.in/question/51948586

#SPJ4

You might be interested in
Suppose you just won the state lottery, and you have a choice between receiving $2,575,000 today or a 20-year annuity of $250,00
Shkiper50 [21]

Answer:

Ans. rate of return= 7.37%

Explanation:

The easiest way to find this discount rate is to set a MS Excel sheet and use the function "Find Goal". In the attachments, there is a spreadsheet that I got ready for you. There are 2 cells in color, one is yellow and the other one is green. You just go ahead and replace the value of the green cell with any percentage that you want, for example, 2%, then use the function "find goal" and set the objective cell to be the yellow cell (B5), changing the cell in green (B7), and hit enter.

Best of luck.

Download xlsx
8 0
3 years ago
The 2017 Form 10-K of Oracle Corporation, for the May 31, 2017 year-end, included the following information relating to their al
KatRina [158]

Answer:

B. $129 million

Explanation:

bad debt expense for the year = balance in allowance at the end + write off - balance in allowance at the beggining

= $319 million + $137 million - $327 million

= $129 million

Therefore, Oracle Corporation report as bad debt expense for the year is $129 million.

5 0
3 years ago
Carla Vista Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: Durin
ser-zykov [4K]

Answer:

$291,630

Explanation:

The computation of the net cash provided by financing activities is shown below:

Cash flow from financing activities

Less: Existing debt repaid -$313,400

Add: Raised additional debt capital $649,200

Less: Repurchased stock in the open market - $44,170

Net cash provided by financing activities $291,630

We added the additional debt capital and the rest items are deducted

8 0
3 years ago
Read 2 more answers
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Tom [10]

Answer:

$76,260

Explanation:

Calculation to determine the total period cost for the month under variable costing

Using this formula

Total Period cost = Variable selling and administrative cost + Fixed manufacturing overhead + Fixed selling and administrative cost

Let plug in the formula

Total Period cost = ($14 × 1,760) + $18,180 + $33,440

Total Period cost =$24,640+$18,180 + $33,440

Total Period cost =$76,260

Therefore the total period cost for the month under variable costing is $76,260

8 0
2 years ago
Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul
pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0
2 years ago
Other questions:
  • Boris, Graham, and Chris have been best friends since grade school. Boris is a flight attendant for Delta, Graham is a conductor
    14·1 answer
  • Who is the first level supervisor in the fire department? intro to fire protection?
    11·1 answer
  • Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos
    12·1 answer
  • true or false: M-3 is money that people can gain access to quickly and easily to pay for goods and services.
    8·1 answer
  • Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
    10·1 answer
  • Mike is arrested at a warehouse in North Industrial Park and is charged with the crime of theft. Mike will be prosecuted bya. th
    7·1 answer
  • Ayuda por favor, el que no sabe no responda o los reporto.​
    6·1 answer
  • A user access agreement typically is __________ than the list of employee expected behaviors within an organization.
    8·1 answer
  • If 7% is deducted from Matthew's annual pay of $1,771 to pay for state taxes, then how
    8·1 answer
  • What interdisciplinary field is dedicated to understanding and management of people at work?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!