Which of the Following Is True About the Accountant-Client Privilege

question 86

Multiple Choice

Which of the following is true about the accountant-client privilege?

• A) It applies in federal courts and all state courts.
• B) It applies in all state courts,but not in federal court.
• C) It applies in federal court and some state courts.
• D) It applies in some state courts,but not in federal court.
• E) It applies in federal court,but no state courts.

---

Definitions:

One-Time Occurrence

An event or happening that takes place once and is not repeated.

API Gravity

A measure of how heavy or light a petroleum liquid is compared to water, used in the oil and gas industry to classify oils.

Pearson Correlation

A measure of the linear relationship between two quantitative continuous variables, ranging from -1 to 1, where 1 means a perfect positive correlation and -1 a perfect negative correlation.

Price Per Barrel

The cost of a barrel of goods, commonly used to denote the cost of a barrel of crude oil in financial markets.