Use the fact situation in Q6 to answer the related question that follows. In this situation,the preparation of the financial statement by Mr.Wallice,the accountant,constituted

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Quizplus · Accepted Answer

Mr.Wallice, the accountant, not only prepared the financial statement negligently but also breached his contract with Mr. Davis by failing to provide a statement that conforms to generally accepted accounting principles. Furthermore, his negligent preparation of the statement can also be considered as negligent misrepresentation because it led Mr. Davis to enter into an unfavorable contract with the bank. Therefore, D is the correct choice.

Use the Fact Situation in Q6 to Answer the Related