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Multi Investment Co . ' s investment in Sherman Mfg . makes up 4 0 % of Mult earnings and 3 0 % of their
Multi Investment Cos investment in Sherman Mfg makes up of Mult
earnings and of their assets. Robert Landry has an opportunity to aud
owns an immaterial amount of stock in Sherman's stock. Susan Cort owns
immaterial amount of Multi's stock and has an opportunity to audit Sherm
What effect does the stock investments of Landry and Cort have on their
independence with the prospective audit clients Multi Investment Co and
Mfg
I. Landry is NOT independent of Multi Investment Co
II Landry is independent of Multi Investment Co
III. Cort is NOT independent of Sherman Mfg
IV Cort is independent of Sherman Mfg
I and III
I and IV
II and III
II and IV
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