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Rose, a partner in a CPA firm, borrows money from one of her firm's audit clients. She is a covered member with respect to this
Rose, a partner in a CPA firm, borrows money from one of her firm's audit clients. She is a covered member
with respect to this client. For which type of loan may Rose borrow from the client and not impair her
independence?
Rose uses the money to help her parents.
Rose purchases an automobile, which is collateral for the loan.
Rose purchases a home that will be her primary residence.
Rose uses the money to obtain a master degree.
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