Question 11

FASB ASC Topic 450, Contingencies, provides accounting guidance for _______.

		A. the accounting treatment for intangible assets
		B. depreciable methods for property, plant and equipment
		C. events, or potential events, that create uncertainty for a company
		D. business combinations

Question 12

Large publicly traded companies are under great scrutiny _______.

		A. from the SEC only
		B. from both the public and the SEC
		C. from the public only
		D. from the internal audit function