Atwo-office firm, one in chippewa falls and another in fargo, has an audit client that sells medical equipment. the lead audit partner for this client conducts the engagement in the fargo office. stockholdings in the client by which person would not impair the firm's independence under the aicpa code?

Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?