Which of the following is an example of the expense recognition principle of associating cause and effect? A. Allocation of insurance cost. ...
2016-01-25 10:01Which of the following acts is most likely to cause a court to pierce the corporate veil? A. Failure to conduct a significant portion of bus ...
2016-01-25 10:01A management accountant performs a linear regression of maintenance cost vs. production using a computer spreadsheet. The regression output ...
2016-01-25 10:01An auditor may use a join command in a database query to combine A. Users so as to allow dual access to several tables. B. Tables or parts o ...
2016-01-25 10:01During the current year, Wythe County levied $2,000,000 property taxes, 1% of which is expected to be uncollectible. During the year, the co ...
2016-01-22 10:01For financial statement purposes, the installment method of accounting can be used if the A. Collection period extends over more than 12 mon ...
2016-01-22 10:01Which of the following characteristics does not relate to prior period adjustments? A. They have a material effect on income from continuing ...
2016-01-22 10:01Certain adjustments must be made to a corporations pre-ACE alternative minimum taxable income (AMTI) to arrive at adjusted current earnings ...
2016-01-22 10:01In April, X and Y formed Z Corp. X contributed $50,000 cash, and Y contributed land worth $70,000 (with an adjusted basis of $40,000). Y als ...
2016-01-22 10:01Purdy purchased real property from Hart and received a warranty deed with full covenants. Recordation of this deed is A. Not necessary if th ...
2016-01-22 10:01Security Federated Insurance Company numbers its insurance policies with a 10 character code that identifies the type of property or casualt ...
2016-01-22 10:01Which of the following is a responsibility of the project manager? a.Interfacing between the organization and the project itself. b.Approvin ...
2016-01-22 10:01Data control language used in a relational database is most likely to include commands used to control A. The original defining of a databas ...
2016-01-22 10:01An auditor was engaged to conduct a performance audit of a governmental entity in accordance with Government Auditing Standards. These stand ...
2016-01-22 10:01Which of the following underlies the application of generally accepted auditing standards, particularly the standards of fieldwork and repor ...
2016-01-22 10:01Which of the following is correct concerning an agreed-upon procedure engagement performed under the attestation standards? A. Mere reading ...
2016-01-22 10:01On November 1, Year 1, a company purchased a new machine that it does not have to pay for until November 1, Year 3. The total payment on Nov ...
2016-01-21 11:01With regard to the inclusion of social security benefits in gross income, for the Year 8 tax year, which of the following statements is corr ...
2016-01-21 11:01Which of the following is a responsibility of the project manager? a.Interfacing between the organization and the project itself. b.Approvin ...
2016-01-21 11:01Gearty Duffy, certified public accountants, have been engaged to perform an audit of Sleepy Knoll Township in accordance with OMB Circular A ...
2016-01-21 11:01Which of the following is not one of the liability reporting criteria for post-employment benefits? A. The obligation depends on whether the ...
2016-01-20 10:01How 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 ...
2016-01-20 10:01The regression analysis results for Gaodun Education are shown as y = 90x + 45. The standard error (S) is 30 and coefficient of determinatio ...
2016-01-20 10:01When single-year financial statements are presented, an auditor ordinarily would express an unmodified opinion with no emphasis of matter or ...
2016-01-20 10:01What is the appropriate treatment for goods held on consignment? A. The goods should be included in cost of goods sold of the consignee only ...
2016-01-19 11:01Which one of the following is a valid deduction from a decedents gross estate? a. Expenses of administering and settling the estate.? b. Uni ...
2016-01-19 11:01Solway International is owed ?10,000 from its U.K. customer. The current exchange rate is $1.30 to the U.K. pound (?1.00). Solway has purcha ...
2016-01-19 11:01When conducting field work for a physical inventory, auditors cannot perform which of the following steps using a generalized audit software ...
2016-01-19 11:01A not-for-profit voluntary health and welfare organization should report a contribution for the construction of a new building as cash flows ...
2016-01-18 09:01For income tax purposes, the estates initial taxable period for a decedent who died on October 24: a. Must be a fiscal year beginning on the ...
2016-01-18 09:01
