The purpose of an audit is to

A) determine whether or not a company is a good investment
B) render an opinion on the fairness of the statements
C) determine whether or not a company complies with corporate social responsibility
D) determine whether or not a company is a good credit risk

All bills of lading are negotiable and may be transferred like a check.

Consider two bonds, A and B. Both bonds presently are selling at their par value of $1,000. Each pays interest of $120 annually. Bond A will mature in 5 years, while bond B will mature in 6 years. If the yields to maturity on the two bonds change from 12% to 14%, ________.

A) both bonds will increase in value but bond A will increase more than bond B
B) both bonds will increase in value but bond B will increase more than bond A
C) both bonds will decrease in value but bond A will decrease more than bond B
D) both bonds will decrease in value but bond B will decrease more than bond A