Which of the Following Is Not Within the Class of Foreseen

question 63

Multiple Choice

Which of the following is not within the class of foreseen users of an accountant's work product?

• A)A prospective shareholder of the client.
• B)A lender bank when the accountant knows only that the client will use the financial statements to obtain a loan from an unspecified source.
• C)A bank when the accountant knows the client will rely on the financial statements as the basis for a loan from the bank.
• D)An investor if the accountant knows that the client is seeking capital from a select group of investors.

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Definitions:

Mother's Death

The passing away of a female parent, an event that can have profound psychological and emotional effects on her offspring.

Adult Children

Individuals who are legally considered adults but are referred to in context as children due to their relationship to their parents or guardians.

Spouse's Partner

Typically refers to an individual who is in a committed relationship or marriage with another person; it can also imply situations of polyamory or non-monogamous relationships.

Adult Children

Individuals who are legally adults, typically over the age of 18, considered in relation to their parents or parental figures.