In Which of the Following Situations Would a CPA Not

question 70

Multiple Choice

In which of the following situations would a CPA not be considered independent?

• A)A CPA has obtained an auto loan from a banking client in a prior year.
• B)A CPA has obtained a home mortgage loan in 1988 from a client.
• C)A CPA has obtained a $4,500 cash advance from a banking client in the current year.
• D)A CPA has obtained a $6,500 cash advance from a client in the current year.

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Definitions:

Hours Worked

The total number of hours spent working by an individual or group in a specific period.

Statistics Students

Individuals engaged in the study of statistics, which includes the collection, analysis, interpretation, and presentation of data.

Frequency Distribution

A summary of data that shows the number of occurrences of each value or category of a variable.

Cumulative Frequency

The sum of a given frequency and all frequencies so far in a frequency distribution.