In Which of the Following Situations Would a CPA Not

question 53

Multiple Choice

In which of the following situations would a CPA not be considered independent?

• A)where a CPA has obtained an auto loan from a banking client in the current year.
• B)where a CPA has obtained an automobile lease term from a client in the current year.
• C)where a CPA has obtained a $4,000 retainer for services from a banking client in the current year.
• D)where a CPA has obtained a home mortgage loan from a client in the current year.

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Definitions:

Electro-magnetism

A fundamental branch of physics concerned with the electromagnetic force that occurs between electrically charged particles.

Conductor

A material or object that allows the flow of electrical current in one or more directions.

Magnetic Flux Density

Magnetic flux density is a measure of the strength and direction of a magnetic field at a particular point, expressed in teslas (T), indicating how dense the field lines are in that area.

Induced Voltage

A voltage generated in a conductor due to its motion in a magnetic field or due to a changing magnetic field around it.