. Joe is a financial planner in the state of Iowa. Although he attended one year of law school, Joe is not a licensed attorney. Which of the following actions would be considered the practice of law? and a. Drafting wills, trust documents, powers of attorney. b. Reviewing wills, trust documents, and powers of attorney. c. Directing a client to seek legal advice from a licensed attorney. d. Acting as trustee for a client's trust.
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- If the directors of a company make a decision, which later on proves not to be a good decision and causes the company to lose money, will the directors be liable for failure to exercise their duty of care and diligence? (300 words)Which of the following is NOT true of criminal fraud cases? A. It is easier for the prosecution to prevail in a criminal case than it is for the plaintiff to prevail in a civil case. B. Juries generally must rule unanimously on guilt. C. The burden of proof is beyond a reasonable doubt. D. The government/prosecution has the burden of proof.Which of the following would NOT prohibit an individual from getting a real estate license? A. conviction for DUI B. conviction for forgery C. revocation of license in another state D. inability to provide evidence of legal status
- Anticipatory repudiation can occur in which of the following ways? I. A statement by one party of its intent not to perform. II. An action by the promisor that rendered performance impossible. III. Knowledge by the parties that one party may be unable to perform despite both parties' efforts. IV. After a contract has been discharged. Multiple Choice II and III. I and II. I and III. III and IV. I, II, and III.Which of the following are not the rights of the auditors? a) The right to all information and explanations (from management) necessary for the proper conduct of the audit. b) The right to receive notice of all meetings of the directors and to attend those meetings. c) The right to speak at shareholders’ meetings on matters affecting the Management. d) The right to visit the branches of the client and right to access all accounting books and records. e) The right to examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity f) The right to review data about material assets, net worth, liabilities, capital stock, surplus, income and expenditures Only d) , e) and f) All a) , b) , c) , d) and e) Only b) and c) Only bmatching set
- Which of the following cases falls within the jurisdiction of the Court of Tax Appeals? * A. Question of whether or not to impose a deficiency tax assessment upon a taxpayer B. Criminal action for violation of the NIRC C. Appeal from undisputed tax assessment D. Action for refund of real property tax.Leonardo has a house on the beach in California. The state wants to expand public beaches and subsequently takes Leonardo’s house, paying him $20,000 even though the house is worth $500,000. Leonardo can argue (A) that his First Amendment rights were violated; (B) that his Fifth Amendment rights were violated; (C) that his Eighth Amendment rights were violated; (D) that his Tenth Amendment rights were violated. Answer:______ Explanation: Only typing answerSubject:- accounting
- According to the Institute of Management Accountants Statement of Ethical Professional Practice,determining whether a particular action is ethical requires knowinga. whether the act is legal in your jurisdiction.b. the intent and the business context of the act.c. the amount of the fraud or theft that is involved.d. whether the management accountant is certifiedETHICS Pete, an accountant, recommended that several of his clients invest in Competition Aircraft. These clients passed this recommendation on to Arlene, who did invest. Unfortunately, Competition was a fraudulent company that pretended to sell airplanes. After the company went bankrupt, she sought to recover from Pete. Is Pete liable to Arlene? Whether or not Pete faces legal liability, is it a good idea for accountants to recommend investments to clients? Does that practice create any potential conflicts of interest?[Restaurant Name] does not publish the prices of drinks on the menus. Nik Carlson, a customer of the restaurant filed a lawsuit claiming that failure to provide drink prices on the menu constitutes an unfair business practice because customers must make quick decisions about ordering drinks after asking about the price. Another plaintiff, Joe Swanson, claimed that he was not provided with a cost for his drink until after he ordered it, which constitutes consumer fraud. Analyze the applicability of state and/or federal consumer protection laws that Carlson and Swanson can assert against [Restaurant Name]. Select which party should win and support your answer.