Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong financial statements of Stanley which were audited by Dennis & Co., CPAs. Bugle had engaged Dennis to audit Stanley's financial statements. While performing the audit, Dennis failed to discover certain instances of fraud which have subsequently caused Bugle to suffer substantial losses. In order for Dennis to be liable under common law, Bugle, at a minimum, must prove that Dennis:



Failed to exercise due care.



Acted recklessly or with lack of reasonable grounds for belief.



Was grossly negligent.



Knew of the instances of fraud.

Answers

Answer 1

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, option A is the correct answer.


Related Questions

Vinnie (our friend in the video) had a lot of credit cards, and he did have fun with them! Then he nearly went broke. What was the main thing Vinnie did wrong?
A. he paid off his balance every month in full.
B. he always recorded his payments.
C. he used one credit card to pay other credit card bills.
D. he always paid on time.

Answers

C.
This is because he never really paid his bills but instead delayed

He used one credit card to pay other credit card bills. Thus, option 'C' is the correct option.

What is a credit card?

A credit card is a type of payment card that is given to customers (cardholders) to allow them to pay a merchant for products and services depending on the amount of debt they have accumulated (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).

The card issuer (often a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards and corporate credit cards are the two types of credit cards. The majority of cards are made of plastic. However, some are made of metal (stainless steel, gold, palladium, titanium), while some include gemstones embedded in the metal.

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One of the roles of government in a free market system is to: a.Market ideas freely b.Finance companies c.Foster competition d.Warn companies of impending dangers

Answers

Answer: foster competition

Explanation:

A free market system is an economic system whereby the individuals and the firms control the market and resources are allocated based on the demand and the supply of the goods and services.

One of the roles of government in a free market system is to Foster competition. The government makes policies which helps to prevent certain producers from having too much power and enable there is a level playing ground for everyone.

A. Directions: Put a checkmark (/) on column A if the statement is acceptable, column B if otherwise.​

Answers

Answer:

All statement is correct and put it chech

WAYS IN WHICH THE YOUTH CAN MANAGE STRESS

Answers

Answer:

Sleep well. ...

Exercise. ...

Talk it out. ...

Make time for fun — and quiet. ...

Get outside. ...

Write about it. ...

Learn mindfulness.

What kind of businesses are motivated to earn a profit

O Public

O Government

O Private

O Nonprofit

Answers

Answer:

government is the corret answer

Most business are established for the purpose of making profits that serve their customers by selling a product or service. Private business are motivated to earn a profit. Thus, the correct option is C). Private.

What is the difference between profit and non-profit Organisation?

For-profit organization are those organization that operates with the goal of making money.  Most businesses are based on the purpose of earning for-profits that serve the customers by selling the product or service.

Not-for profit organization refers to those organizations that does not operate for profits.The major purpose of the non-profit organization is to provide the service or benefit to the community with no intention of earning a profit.

The major sources of funding for the non-profit organization are primarily funded through donations, fundraisers etc. and for the profit organizations are the sale of goods and services.

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What is an advertising mix?
a. choosing the right demographic to be your target customer
b. creating an advertising budget and a subsequent plan
c. choosing multiple advertising media to deliver your message to the target customer
d. focusing on conveying the benefits of the product before discussing its features

Answers

Answer:

C

Explanation:

Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?

Answers

Answer:

$441.5

Explanation:

Hours already worked = 36 hours

Rate = $10 / day

Number of hours worked on last shift :

8:05 - 11:53 = 3 hours 48 minutes

12:35 - 4:56 = about 4 hours 21 minutes

Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes

Hence, total hours worked that week :

36 hours + 8hours 9 minutes

44 hours 9 minutes

Rate = $10 / hour

(44*$10) + (9/60 * $10)

$440 + $1.5

Gross pay = $441.5

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

Answers

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

please help!!!!!!!!!!!

Answers

Answer:

(1) Customers rating a new car model on social media - External info

(2) Company info

(3) External info

(4) Company info

Explanation: Company information is basically explaining information abt the product or what it is they're selling. External information is the feedback or in other terms "review" on a companies item. Hope this helped <3

(The #'s are the examples in the boxes starting from left to right btw)

HELPPPPP!!!! ASAPPPP!!!! PLEASEEEEE!!!

According to the Small Business Administration, the number one reason for small-business failure is _?_.

low employee morale
not having enough people in leadership roles
poor record keeping
none of the above

Answers

I believe it is “not having enough people in leadership roles”

HELP PLEASE!!!!!!!!!!!!!!!!!

Answers

Answer:

Supply Curve will shift right. Indicates increase in supply.

Explanation:

There will be an increase in supply as a result of this new battery and this would cause the supply curve to shift right.

This increase would come due to an anticipated increase in demand for electric cars. If the cars are able to go for longer, more people would demand them and so to capitalize on this, more producers will enter the market to satisfy this anticipated design thereby increasing supply.

Select the correct answer.
Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field. However, she’s joined a professional organization. She hopes to get an entry-level job in an audit firm. How can the professional organization help her in her quest?
A. she can get discounts in her membership dues
B. she can attend lecture sessions by experts in her field
C. she can get updates on new legislation
D. she can register her name in an online list that prospective employers view
E. she can now work as a trainee with an expert

Answers

Answer: E. she can now work as a trainee with an expert

Explanation:

Since Jessica hopes to get an entry level job in an audit firm, the professional organization will help her in her quest as she can now work as a trainee with an expert.

By joining the professional organization, she'll get the work experience that's needed when she finally get the role on the audit firm. She would have learned from a professional who's experienced and this will be vital in her getting into the workforce.

When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.

Answers

Answer:

Wiki

Explanation:

The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.

The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.

So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.

Every week Jerome works 40 hours. On Fridays, he receives his paycheck. What type of income does Jerome earn?
A. unemployment income
B. earned income
C. investment income
D. passive income

Answers

Answer:

B.  Earned Income.

Explanation:

Answer:

eared income

Explanation:

What is your favorite restaurant and why?
what is your favorite car?
can you sing?
do you love your parents?

Answers

Answer:

i dont knkw

Lamborghini

no

yes

Explanation:

Plz mark brainliest thanks

Jocasta owns an apartment complex that she purchased 6 years ago for $750,000. Jocasta has made $50,000 of capital improvements on the complex, and depreciation claimed on the building to date is $128,700

Answers

Answer:

$671,300

Explanation:

Calculation to determine Jocasta's adjusted basis in the building.

Adjusted basis =[$750,000-($128,700 - $50,000)]

Adjusted basis=$750,000- $78,700

Adjusted basis = $671,300

Therefore Jocasta's adjusted basis in the building will be $671,300

Complete this statement. Food service gloves

Answers

Answer:

Should be put on after washing hands with soap and water

Food service gloves are an essential tool in the food industry, providing a critical barrier between food handlers and the products they prepare and serve.

These gloves are typically made from materials like latex, nitrile or vinyl that ensuring a hygienic and safe environment for food handling. The use of gloves helps prevent cross-contamination, safeguarding against the transfer of harmful bacteria and viruses.

The food service gloves offer protection for employees, reducing the risk of skin contact with potential allergens or irritants. Proper glove usage, regular changes and hand hygiene practices are crucial to maintaining food safety standards and ensuring customer well-being.

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Active listening is a skill that can be practiced and learned.

True
False

Answers

Answer:

true

Explanation:

You have to concentrate has it requires both physical and mental attention. So that one could be able to absorb verbally given information quickly and accurately.

The answer is true my friend

Student aid is based on either financial need or _____ need.

merit-based
academic
social
emotional

Answers

Answer:

merit-based

Explanation:

Financial aid takes many forms, and most often does not need to be paid back.. merit based need is based on academic excellence

What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use suggestive selling?

Answers

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

Question 2 of 5
The amount of money a person has to pay regularly to avoid late fees is the
A. minimum monthly payment
B. credit limit
C. interest rate
D. credit score

Answers

Answer:

A

Explanation:

to ensure that you pay at least the minimum amount by the due date.

A. Because it’s the only one that makes sense

Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.

Answers

Answer:

The use of any trademark in this text does not vest in the author or publisher any trademark ... Part 1: Management Practice 110 A Manager's Dilemma 110 Global Sense 110 ... Retaining Competent, High-Performing Employees 462 Employee ... as you can see, managers can and do have an impact—positive and negative.

What is the purpose of Lincoln Douglas?

Tysm have a great day! :)

Answers

Until the 17th Constitutional Amendment of 1913, senators were elected by state legislatures, so Lincoln and Douglas were trying to win control of the Illinois General Assembly. The debates were the original media event: their goal was to generate publicity.

What percentage of employees in the marketing industry have been victims of discrimination?

A. 15%

B. 30%

C. 45%

D. 60%

Answers

Answer:

Answer is B. 30%

Explanation:

The percentage of employees in the marketing industry have been victims of discrimination is. 30%

Explain the "Rule of 9 " as it pertains to marketing.

Answers

Answer:

When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.

Explanation:

The transfer to the burn unit.

A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on the y-axis, from 0 to 8 percent. From 1971 to 1976, both unemployment rate and inflation increased. From 1981 to 2001, both decreased.
According to the graph, 1971 to 1976 was a period of stagflation due to

rising unemployment and inflation.
falling unemployment and inflation.
rising unemployment and falling inflation.
falling unemployment and rising inflation.

Answers

Answer:

falling unemployment and rising inflation.

Explanation:

Stagflation means that both the inflation and unemployment rate are rising. Before the 1970s, classical economists stated that an inverse relationship existed between the inflation rate and the unemployment rate. This means that when the inflation rate was increasing, the unemployment rate should be decreasing. But reality does not follow theoretical rules.

Answer:

A) rising unemployment and inflation.

Explanation:

correct on Edge

A single team member can affect the morale of the whole team.

True
False

Answers

I think it’s True. I hope it helps.

According to the video, what tasks do Electrical Power-Line Installers and Repairers commonly perform?
Check all that apply.
repairing engines of service vehicles
clearing snow off of roads
arranging wires that carry electrical current
putting up towers and other equipment
digging holes and setting poles for power lines
digging tunnels

Answers

Answer:

3,4,5

Explanation:

got it right

Answer:

345

Explanation:

You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)

Answers

Answer:

9%

Explanation:

Calculation for how much do you save

Using this formula

Percentage saved=Personal rate -Dividend rate

Let plug in the formula

Percentage saved=24%-15%

Percentage saved=9%

Therefore how much do you save is 9%

A person who buys stocks to make a little extra money consistently each year would be said to be doing so for __________________.

Dividends

Mutual benefit

Investment

Speculation

Answers

Answer:

Investment

Explanation:

To invest is to allocate money in the expectation of some benefit/return in the future.

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