Bob martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements of his employer, jones consulting, llc, a private company. which situation is the least likely result of the state board's action? a. the state board could suspend or revoke bob's cpa license. b. bob could lose his membership in the aicpa or a state cpa society. c. bob could become subject to significant legal liabilities. d. the securities and exchange commission could fine bob.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.