1. Mr. Orange is an accountant at a publically traded corporation. In order to meet the standard of the skill of a professional account what should Mr. Orange have knowledge of?
Generally accepted accounting principles (GAAP)
The Professional Rules of Responsibility for Attorneys
The advisory opinions this year of the Internal Revenue Service (IRS)
Calculus and trigonometry
2. Tom, Brady, and Alex are members of a golf country club (a nonprofit corporation). Tom holds 5 percent of voting power, Brady holds 8 percent of voting power, and Alex holds 1 percent of voting power in the club. They would like to call a special meeting of the club to discuss renovation of some of its facilities. Who amongst them can call such a meeting?
Brady and Alex
Tom and Brady
Alex and Tom
Alex, Tom, and Brady