Fox corp. failed to accrue warranty costs of $150,000 in its december 31, 20x2, financial statements. in addition, a $130,000 change from straight-line to accelerated depreciation was made at the beginning of 20x3. both the $50,000 and the $30,000 are net of related income taxes. what amount should fox report as prior period adjustments in 20x3?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.