Which Would Not Have to Follow the Independence of a CPA

question 14

Multiple Choice

Which would not have to follow the independence of a CPA, according to Interpretation 101-1?

• A)CPA's spouse
• B)CPA's spousal equivalent
• C)CPA's distant cousin
• D)CPA's dependents

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Definitions:

Noncontrolling Interest

An ownership interest in a corporation where the share does not grant the holder the majority of voting power, often reflected as a minority stake in subsidiary companies on consolidated financial statements.

No Excess Amortizations

A financial statement condition where there is no surplus amortization from the pay-down or write-off of intangible assets.