In Which of the Following Ways Can an Accountant Avoid

question 64

Multiple Choice

In which of the following ways can an accountant avoid liability under Section 18(a) of the Securities Exchange Act of 1934?

• A)if the accountant can show that the misleading statement was made to protect the company from Chapter 7 or Chapter 11 bankruptcy
• B)if the accountant acted recklessly,rather than negligently
• C)if the accountant had served as the plaintiff's employee within 180 days before the filing of the Section 18(a)action
• D)if the accountant can show that the plaintiff had knowledge of the false statement when the securities were purchased or sold

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The quality of being pleasing or appealing to the senses, often used in the context of physical appearance but also can pertain to personality, traits, or objects.

Individualistic Cultures

Societal frameworks where personal achievements and independence are emphasized over collective goals or identities.

Romantic Partner

An individual with whom one shares a deep and passionate emotional and physical relationship, often characterized by love and commitment.

Dependability

The quality of being reliable and trustworthy, often evaluated in the context of individuals' consistency in actions and behaviors.