9. What are the four guidelines established by the courts to determine whether accountants are liable for the financial losses of third parties?
10. If your company has revenues (sales) of $2,500 and expenses of $3,000 for the month ended, March 31 2010, what is the net income or net loss of the company for the month? If this exact pattern persisted for the next 10 months, how many years would it take the company to turn a profit if, after this initial 10 month period, the company began making a steady net income of $100 per month? A two point bonus will be given for getting the answer correct. :)
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