Author Question: HBR Accounting hired Denise, a CPA, to prepare tax returns. Which statement is correct? A)Denise is ... (Read 182 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
HBR Accounting hired Denise, a CPA, to prepare tax returns. Which statement is correct?
 A)Denise is a gratuitous agent and has a duty not to commit gross negligence.
 B)Denise is a gratuitous agent and has a duty not to commit ordinary negligence.
 C)Denise, as a CPA, is an agent with special skills. She is held to a higher standard than ordinary negligence.
 D)Denise, as a CPA, is an agent with special skills. She is held to a lower standard than ordinary negligence.

Question 2

Government agencies in the U.S. are not allowed to insure payments made to a U.S. bank if the underlying contract between the buyer and seller is entirely independent from the letter of credit.
  Indicate whether the statement is true or false



debra928

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library