Sun CorpApproved a Merger Plan with Cord Corp

question 2

Multiple Choice

Sun Corp.approved a merger plan with Cord Corp.One of the factors that led to the approval of the merger was the fact that the Cord's financial statements were audited by Frank & Co.CPAs.Sun had engaged Frank to audit Cord's financial statements.While performing the audit,Frank failed to discover certain irregularities that later caused Sun to suffer substantial losses.For the lawsuit to be successful,Sun must prove that Frank & Co. ,CPAs ________.

• A)knew of the irregularities
• B)failed to exercise due care
• C)was grossly negligent
• D)acted with scienter

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Definitions:

Self-Esteem

An individual's overall subjective assessment of their own worth or value.

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth or value.

Social Acceptance

The act of a community or group receiving an individual as an adequate member of said group, often conforming to its norms, beliefs, and expectations.

Belonging

The feeling of security and support when there is a sense of acceptance, inclusion, and identity for a member within a group.