A CPA Usually Charges $3,000 to Prepare a Corporate Income

question 35

Multiple Choice

A CPA usually charges $3,000 to prepare a corporate income tax return,including all supplemental schedules.This CPA has agreed to charge the CFO of a mid-size corporation only $10 to prepare the CPA's personal tax return and $5,000 to prepare the corporation's tax return.This CPA:

• A) Is engaged in moral licensing
• B) Has an accountant-client conflict of interest
• C) Has a dual-client conflict of interest
• D) Is not acting with integrity

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Definitions:

Psychological Separateness

The individual's ability to maintain their own identity and emotional independence while in relationships.

Family

A social group typically bound by ties of blood, marriage, or adoption and committed to mutual support and care.

Countertransference

Emotional reactions of therapists towards their clients, often based on the therapists' own background and experiences.

Emotional-Behavioral Reactions

The responses in emotions and behavior that occur in reaction to external or internal stimuli, significantly influencing a person's well-being.