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
EleoNora [17]
3 years ago
10

An auditor knew that the purpose of her audit was to render reasonable assurance on financial statements that were to be used fo

r the application for a loan; the auditor did not know the identity of the bank that would eventually give the loan. under the restatement of torts approach to liability the auditor is generally liable to the bank which subsequently grants the loan for:
a. lack of due diligence.
b. lack of good faith.
c. gross negligence, but not ordinary negligence.
d. either ordinary or gross negligence.
Business
1 answer:
FinnZ [79.3K]3 years ago
8 0
<span>The auditor is generally liable to the bank which subsequently grants the loan for either ordinary or gross negligence.Gross negligence is defined as the extraordinary lack of regard that shows wilful or heedless carelessness for the outcomes to the security or property of another.On the off chance that one has acquired or contracted to deal with another's property, at that point net carelessness is the inability to effectively take the care one would of his/her own property. In the event that gross carelessness is found by the jugde it can bring about the honor of correctional harms over general and extraordinary harms.</span>
You might be interested in
g The price elasticity of gasoline demand in the United States is 0.4 If the price of gasoline rises by 8 what is the expected c
Phantasy [73]

Answer: 3.2

Explanation:

The price elasticity of demand shows the change in quantity demanded of a good in response to a change in its price.

Price elasticity of demand = Change in quantity demand / Change in price

0.4 = Change in quantity demanded / 8

Change in quantity demanded = 0.4 * 8

= 3.2

8 0
3 years ago
The right to sell a good or service within an exclusive market is a _____.
dem82 [27]

Answer:

franchise

Explanation:

The right to sell a good or service within an exclusive market is a _____.

 

franchise

 

market power

 

license

 

patent

3 0
3 years ago
Campbell's soup offers a temporary price reduction to all grocery stores on the West Coast during the weeks of June 15th to July
insens350 [35]

Answer:

Off - invoice allowance

Explanation:

Off - invoice allowance

It is type of allowance that offer retailer to market quantities of item for a particular period of time. The main purpose of this bills is to cope up with competition and to advertise new product in the market.

It is a reduction in price made by manufacturer to retailer so to promote their product in a faster way.

4 0
3 years ago
Accounting about Stockholders' Equity? 1. Common stockholders usually have all of the following rights except: a) To receive div
lisov135 [29]
1. D. to participate in the day-to-day operations.
Let's say that you buy a stock for microsoft, it doesn't make you able to come to their offices and help them handling the customers.

2. C. the risk of bankrupt is less
when you sell your company's stock to other buyers, that buyers will also take the risk from all your company's activity because technically they own a part of your company, which make the risk of going bankrupt is less, but you surrender a part of ownership of your company

3. B. Preferred Stock

Where a company liquidates its assets, they will distribute the payment to all the holders of preferred stock first.

If there's any leftover after the company distribute the payment to preferred stock holders, than that leftover is distributed to the common stock holders

Hope this helped you out

8 0
3 years ago
Which of the following statements is true? a. The word theory means same for both economists and laymen. b. Abstraction forms an
VladimirAG [237]

Answer:

B) Abstraction forms an important part of economic analysis.

Explanation:

Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.

3 0
3 years ago
Other questions:
  • Identify and briefly discuss three criticisms of beta as used in the capital asset pricing model
    12·1 answer
  • As it advances on the ________, Boston Market has added pickup, delivery, and full-service catering to its original restaurant f
    11·1 answer
  • Which of the following would be an example of a top down innovation? a. Lowering prices and features of existing products to mee
    10·1 answer
  • Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indica
    13·1 answer
  • The three-legged Ork, a space creature from the universe Warhammer, wears 1 right shoe and 2 left shoes. Which set of market bun
    12·1 answer
  • Stevens Company's inventory on March 1 and the costs charged to Work in Process—Department B during March are as follows:
    10·1 answer
  • Simon Peters, a senior manager at Celise Export Logistics, goes to France to negotiate a deal with the company's French partners
    7·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014. These new subscribers will receive mon
    6·1 answer
  • Free cash flow (FCF) and net income (NI) differ in the following ways:
    14·1 answer
  • When a company creates overhead rates based on the actions it performs, it is employing an approach called.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!