Which of the Following Would Not Be Considered an Indirect

question 64

Multiple Choice

Which of the following would not be considered an indirect financial interest for a given CPA?

• A) The CPA owns stock in a mutual fund, which owns stock in the client.
• B) The CPA owns stock in a bank that provides the line of credit to the client company.
• C) The CPA's nondependent close relative has a financial interest in the client company.
• D) The CPA's dependent child owns an immaterial amount of stock in the client
• Company.
• E) The CPA received cash advances totaling eight thousand dollars from a bank that is a client.

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Definitions:

Group Administered

Refers to tests or assessments given to a group of individuals at the same time, often for efficiency in educational or organizational settings.

Otis-Lennon

A standardized test commonly used to assess verbal, quantitative, and spatial reasoning abilities in children.

WAIS-III

The Wechsler Adult Intelligence Scale, Third Edition, is a test designed to measure human intelligence through various cognitive tasks.

Intelligence Test

A standardized assessment designed to measure human intelligence, often through problem-solving, memory, and verbal reasoning tasks.