An investigator received \\( \\$ 4,000 \\) of consulting income from a publicly traded drug...

80.2K

Verified Solution

Question

Accounting

An investigator received \\( \\$ 4,000 \\) of consulting income from a publicly traded drug company over the past 12 months. The investigator also owns stock in that company valued at \\( \\$ 2,000 \\). The investigator is submitting a grant to the National Institutes of Health that involves evaluating the effectiveness of a drug produced by the same drug company. Which of the following is true? The aggregate of the consulting income and the stock exceeds \\( \\$ 5,000 \\) and therefore is a significant financial interest. The value of stock is not calculated when determining significant financial interests. The investigator does not have a significant financial interest related to the grant because the consulting income is less than \\( \\$ 5,000 \\). The investigator does not have a significant financial interest related to the grant because the stock's value is less than \\( \\$ 5,000 \\)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students