Some of the AICPA Trust Services Principles May Include

question 110

Multiple Choice

Some of the AICPA trust services principles may include:

• A)Management, notice, choice & consent, collection, use & retention, detention, and disclosure to third parties.
• B)Management, choice & consent, collection, use & retention, backup, access, disclosure to third parties, and security for privacy.
• C)Choice & consent, collection, use & retention, access, disclosure to third parties, redundancy for privacy, and quality.
• D)Management, choice & consent, use & retention, access, disclosure to third parties, and monitoring & enforcement.

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Definitions:

Net Loss

The result when a company's expenses exceed its revenues over a specific period, leading to a negative income.

Stock Dividend

A dividend payment made by a company to its shareholders in the form of additional shares, rather than cash.

Reacquired

Refers to assets or shares that a company buys back from investors or shareholders.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights.