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You are starting up a small CPA firm in your town. Your friend, Bruce, is...

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Accounting

You are starting up a small CPA firm in your town. Your friend, Bruce, is an advisor at the local investment services firm. Bruce tells you this could be a great opportunity for both of you. Bruce suggests that you each pay each other a $100 referral fee for each client that you successfully refer to the other. What should you tell Bruce? Reference your answer to APES110 Code of Ethics for Professional Accountant.

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