1. the enron debacle created what one public official reported was a "crisis of confidence" on the part of the public in the accounting profession. list the parties who you believe were most responsible for that crisis. briefly justify each of your choice. 2. list three types of consulting services that audit firms are now prohibited from providing to clients that are public companies. for each item, indicate the specific threats, if any, that the provision of the given service could pose for an audit firm's independence. 3. the sec does not require public companies to have their quarterly financial statements audited. what responsibility, if any, do audit firms have with regard to the quarterly financial statements of their clients? in your opinion, should quarterly financial statement be audited? defend your answer.

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Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.