1. There are five houses in a row, each of a different color, that are inhabited by five people of different nationalities, with different pets, favorite drinks, and favorite sports. Use the clues below to determine who owns the money and who drinks the water. Utilize the chart to develop the answer.

*The Englishman lives in the red house. *The Spaniard owns the dog *Coffee is drunk in the green house *The Russian drinks tea *The green house is immediately to the right of the white house *The hockey player owns hamsters *The football player lives in the yellow house *Milk is drunk in the middle house *The American lives in the first house on the left *The table tennis player lives in the house next to the man with the fox *The football player lives next to the house where the horse is kept *The basketball player drinks orange juice *The Japanese resident likes baseball *The American lives next to the blue house

	House 1	House 2	House 3	House 4	House 5
Color
Country
Sport
Drink
Pet

2. Access the FASB website (www.fasb.org) and identify three most recent exposure drafts issued by the FASB.

3. Access SEC website (www.sec.gov) and list the two most recently issued proposed rules.

4. Rewrite the following sentences using active voices

*The fraud was reported by the employee

*The book was enjoyed by me because the seven fraud investigation techniques were described so well by the author.

5. Develop the chart similar to Figure 2-3 for the following assignment: Johnson Electronic has requested your advice as to when assets need to be classified as current assets