A member has been asked to cosign checks with a client employee while the company president is on vacation. Which statement about the application of the AICPA independence rules to this situation is correct?
A) Because the member will only be cosigning checks, independence is not threatened.
B) Because the member is a cosigner for a short time, independence is not threatened.
C) Because the member has entered into a joint venture with the client, independence is impaired.
D) Because check-signing is a management function, independence is impaired.

Which of the following has the largest impact on opportunity cost

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?