Perry Pinkney,CPA,is One of the General Partners in a Partnership,which

question 38

Multiple Choice

Perry Pinkney,CPA,is one of the general partners in a partnership,which in turn invested 70% of its assets in the common stock of Pinkney's audit client (Darby Corporation) .According to the AICPA Code of Professional Conduct,Pinkney is considered to have

• A)An indirect financial interest in Darby.
• B)A direct financial interest in Darby.
• C)No financial interest in Darby.
• D)A partial financial interest in Darby.

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Definitions:

Abdominal Assessment

A thorough examination of the abdomen to check for signs of disease or abnormalities.

Intermittent Abdominal Pain

Recurring stomach pain that comes and goes, which may indicate various health issues.

Fluid Retention

The accumulation of excess fluids in the body's tissues, commonly resulting in swelling.

Inpatient Day

A 24-hour period in which a patient is in a hospital or health care facility for treatment and care.