Brisco bricks purchases raw material from its foreign supplier, bolivian clay, on may 8. payment of 2,000,000 foreign currency units (fc) is due in 30 days. may 31 is brisco's fiscal year-end. the pertinent exchange rates were as follows:
may 8 spot rate: $ 1.25
may 31 spot rate: $ 1.26
jun. 7 spot rate: $ 1.20
for what amount should brisco's accounts payable be credited on may 8?

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above