All of the following statements pertaining to investment advisers (ias) possessing the funds of clients are true except: [a] possession of funds by a custodian that meets certain qualifications is acceptable.[b] at least annually, clients must receive a statement which includes details related to the funds possessed by the firm.[c] accounts that contain the funds of clients must be specific to that purpose.[d] immediate notification must be given to the client as to where the firm will maintain the client funds.

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

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