The Two Main Sections of the AICPA's Code of Professional

question 12

Multiple Choice

The two main sections of the AICPA's Code of Professional Conduct are:

• A) Principles and Rules of Conduct.
• B) Rules of Conduct and Interpretations of the Rules of Conduct.
• C) Principles and Ethics Rulings.
• D) Interpretations of the Rules of Conduct and Ethics Rulings.
• E) Principles and Interpretations of the Rules of Conduct.

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Definitions:

Car Dealer

A business that specializes in selling new or used vehicles to consumers, often offering financing and trade-in options.

Manufacturer's List Price

The recommended selling price of a product set by the manufacturer, before any discounts or allowances are applied.

Commodity Stock

A stock that represents companies involved in the extraction, production, or sale of raw materials, such as metals, energy, and agricultural products.

Wholesale Price

The cost of goods sold in large quantities, typically to retailers or other entities for resale, not including retail markup.