An unqualified audit opinion states with any qualification that the financial statements present fairly in all material respects the financial position, results of operations, and cash flows for the company.

A change in the federal funds rate will change three components of aggregate expenditure:
consumption, investment and net exports.

By calculator: PMT = $1,769.84; n = 10; PV = -$10,000.00; CPT i = 12%

The liability method is to be used for tax consequences of temporary differences, as it is more useful for assessing future cash flows. It is based upon the values of the assets and liabilities, the future tax liability or benefit, and the future tax rates.

The fact that investors buy insurance products indicates that they are risk averse.