Accountants are permitted to perform audit-non-audit work

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Reference no: EM132259818

1. Accountants are permitted to perform audit and non-audit work for publicly traded companies.

A) True

B) False

2. An accountant’s duty of care is established by a standard of care, knowledge and judgment generally accepted by members of the accounting profession.

A) True

B) False

3. A contract for the sale of goods also includes services.

A) True

B) False

4. Which of the following is not required to have a valid contract for the sale of goods?

A) Lawyer

B) Offer

C) Consideration

D) Capacity

E) All of the above

5. There are two primary types of warranties, express and implied.

A) True

B) False

Reference no: EM132259818

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