QUESTION
Howard is a public accountant working for a local nonprofit. How is he likely being paid for his accounting services?
A) a fee basis
B) as a hired employee
C) a salaried basis
D) a standard industry rate
E) only during income tax season
ANSWER
Answer: A
Explanation: A) Unlike private accountants, who are salaried employees of the company they work for, public accountants provide accounting services to a variety of clients on a fee basis.
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