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.
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Answer:
The answer is $788.12
Explanation:
Price of the bond is what the issuer will pay for the bond
The payment is semiannual.
Number of years (N) - 20 periods (10 years x 2)
Yield-to-maturity(YTM) - 7%( 14% ÷ 2)
Present Value(price of bond) = ?
Future Value(FV) = $1,000
Payment Coupon(PMT) = $50[(10% x $1000) ÷ 2]
Using a Financial calculator, price of the bond on semiannual basis is
$788.12
Answer:
b. cost
Explanation:
Assets are accounted for under IAS 16 Property plant and Equipment, IAS 38 Intangible assets and IAS 40 and 41 Investment property and Biological assets.
The historical cost principle requires that assets on initial recognition be recorded at cost. This cost is maintained even as depreciation is charged for the use of the asset.
The cost is then netted off the accumulated depreciation to get the net book value of the asset or the carrying amount.
Learned Hands favored an interventionist central government economic policy. He was also influenced by the distribution of wealth. Roosevelt's radical economic reforms including the New Deal Policy. However, was vigilant on the dangers of an authoritarian government and did not agree of "packing the court".
Answer:
one should go to buy a car for $8000
Explanation:
given data
car = $8,000
price down = $6,500
solution
As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.
- Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
- After learning about the implied warranty and disclaimer, I was not going through the items sold.
- For someone who does not offer special consumer protection, they should go to buy a car for $8000.
