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Question 15Multi Investment Co. 's investment in Sherman Mfg . accounts for 40% of MultiInvestment Co .'S annual earnings and 30%' of Multi Investment Co
Question 15Multi Investment Co. 's investment in Sherman Mfg . accounts for 40% of MultiInvestment Co .'S annual earnings and 30%' of Multi Investment Co . 'S`assets . Robert Landry has an opportunity to audit Multi Investment Co ., and heOwns an immaterial amount of stock in Sherman Mito .'S stock . Susie CUE Hasan opportunity to audit Sherman ivity . and she owns an immaterial amount ofMulti Investment Co . 's stock . What effect do the stock investments of RobertLandry and Susie Cue have on their independence with the prospective auditclients Multi Investment Co . and Sherman Mfg . ?( A ) Robert Landry is not independent of Multi Investment Co . and Susie Gueis not independent of Sherman Mfg .( B ) Robert Landry is not independent of Multi Investment Co . and Susie Cueis independent of Sherman Mfg .( C ) Robert Landry is independent of Multi Investment Co . and Susie Cue isnot independent of Sherman Mfg .( D ) Robert Landry is independent of Multi Investment Co . and Susie Cue isindependent of Sherman Mtg.
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