3、According to the AICPA Code of Professional Conduct, which of the following activities results in an act discreditable to the profession?a. A CPA solicits recent Uniform CPA Examination questions without written authorization from the AICPA.
b.A CPA signs a document containing immaterial false and misleading information, or permits or directs another CPA to do so.
c.A CPA who is engaged to perform a government audit neglects to follow certain government auditing requirements and discloses in the audit report the fact that such requirements were not followed and the reasons for it.
d.A CPA fails to give a client copies of the CPA's workpapers related to a completed and issued work product upon the client's request because the client has not paid fees payable to the CPA for the work product.

3、Datacomp Industries, which has no debt, has a beta of .95 for its common stock. Management is considering a change in the capital structureto 30% debt and 70% equity. This change would increase the beta on the stock to 1.05, and the after-tax cost of debt will be 7.5%. The expected return on equity is 16%, and the risk-free rate is 6%. Should Datacomp's management proceed with the capital structure change? a. No, because the cost of equity capital will increase.
b. Yes, because the cost of equity capital will decrease.
c. Yes, because the weighted average cost of capital will decrease.
d. No. because the weighted average cost of capital will increase.

3、In which of the following situations may taxpayers file as married filing jointly?a. Taxpayers who were divorced during the year.
b. Taxpayers who were married but lived apart during the year.
c. Taxpayers who were married but lived under a legal separation agreement at the end of the year.
d. Taxpayers who were legally separated but lived together for the entire year.

3、Young & Cheerful's modified cash-basis financial statements indicate cash paid for operating expenses of $150,000, end-of-year prepaid expenses of $15,000, and accrued liabilities of $25,000. At the beginning of the year, Young & Cheerful had prepaid expenses of $10,000, while accrued liabilities were $5,000. If cash paid for operating expenses is converted to accrual-basis operating expenses, what would be the amount of operating expenses? a.$125,000
b.$135,000
c.$165,000
d.$175,000