When a non-profit organization combines fund-raising efforts with educational materials or program services, the total combined costs incurr ...
2016-02-15 09:02One of the criteria for a valid assignment of a sales contract to a third party is that the assignment must a. Be supported by adequate cons ...
2016-02-15 09:02The full-employment gross domestic product is $1.3 trillion, and the actual gross domestic product is $1.2 trillion. The marginal propensity ...
2016-02-15 09:02Janus Company, a client of Peterman, CPA, has recently automated its accounting system. While Peterman has been the auditor of Janus for sev ...
2016-02-15 09:02Sayon Co. issues 200,000 shares of $5 par value common stock to acquire Trask Co. in a purchase-business combination. The market value of Sa ...
2016-02-14 09:02The accumulated earnings tax can be imposed A. Regardless of the number of stockholders of a corporation. B. On personal holding companies. ...
2016-02-14 09:02Which of the following is usually a benefit of using electronic funds transfer for international cash transactions? a.Creation of multilingu ...
2016-02-14 09:02A limitation on the scope of an audit sufficient to preclude an unmodified opinion will usually result when management: a. Fails to correct ...
2016-02-14 09:02Which event(s) should be included in a statement of cash flows for a governmental entity? I.Cash inflow from issuing bonds to finance city h ...
2016-02-04 10:02In preparing government-wide financial statements for a governmental entity, interfund receivables and payables between governmental and ent ...
2016-02-04 10:02A not-for-profit organization receives $150 from a donor. The donor receives two tickets to a theater show and an acknowledgment in the thea ...
2016-02-04 10:02Which of the following classifications is required for reporting of expenses by all not-for-profit organizations? a.Functional classificatio ...
2016-02-04 10:02An individual entered into several exchanges during the current tax year. Which of the following exchanges is classified as like-kind? A. Pa ...
2016-02-04 10:02When the AQR partnership was formed, partner Acre contributed land with a fair market value of $100,000 and a tax basis of $60,000 in exchan ...
2016-02-04 10:02KMC, Inc., is issuing $7 million of stock in a single offering. If KMC does not want to provide investors with any material information abou ...
2016-02-04 10:02Under Regulation D, Rule 505, of the Securities Act of 1933, which of the following statements is correct regarding a $3,000,000 stock offer ...
2016-02-04 09:02Which of the following is not a principle related to the control environment? A. The board of directors demonstrates independence from manag ...
2016-02-04 09:02Each of the following is an effect from opening market to foreign investments, except A. An increase in the correlation of emerging stock ma ...
2016-02-04 09:02The regression analysis results for Gaodun Education are shown as y = 90x + 45. The standard error (S) is 30 and coefficient of determinatio ...
2016-02-04 09:02In the short run, a severe typhoon creates an immediate strong increase in demand for roofers. Some roofers in other parts of the country ar ...
2016-02-04 09:02In verifying the amount of goodwill recorded by a client, the most convincing evidence which an auditor can obtain is by comparing the recor ...
2016-02-04 09:02Under the ethical standards of the profession, which of the following is a permitted loan regardless of the date it was obtained? A. Persona ...
2016-02-04 09:02Which of the following is a correct statement about the circumstances under which a CPA firm may or may not disclose the names of its client ...
2016-02-04 09:02Which of the following explanations best describes why an auditor may decide to reduce tests of details for a particular audit objective? A. ...
2016-02-04 09:02An unrestricted cash contribution should be reported in a nongovernmental not-for-profit organizations statement of cash flows as an inflow ...
2016-02-03 09:02How long is a copyright obtained by an individual author valid? a. The life of the author plus 50 years. b. The life of the author plus 14 y ...
2016-02-03 09:02A massive earthquake and tsunami seriously damaged the productive capabilities of auto manufacturers in Japan. As a result, workers at U.S. ...
2016-02-03 09:02The primary purpose of establishing quality control policies and procedures for deciding whether to accept a new client is to: a.Enable the ...
2016-02-03 09:02Nala Inc. reported deferred tax assets and deferred tax liabilities at the end of year 3 and at the end of year 4. For the year ended year 4 ...
2016-02-02 13:02Ford was unable to repay a loan from City Bank when due. City refused to renew the loan to Ford unless an acceptable surety could be provide ...
2016-02-02 13:02
