Certified Public Accountants are licensed professional accountants who serve the general public. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
The formation of a partnership firm requires a minimum of ________. A) four partners B) three partners C) one partner D) two partners ANSWER D
Date: September 2nd, 2020
Financial analysts perform reviews of companies to ensure compliance to rules and regulations. Indicate whether the statement is true or false ANSWER FALSE .Auditors perform reviews of companies to ensure compliance to rules and regulations.
Date: September 2nd, 2020
Mutual agency of the owners is not present in a corporation as it is in a partnership. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
________ are professional accountants who serve the general public, not one particular company. A) Certified public accountants B) Certified financial accountants C) Audit accountants D) Controllers ANSWER A
Date: September 2nd, 2020
Which of the following is a major reason why corporate ownership is popular in the United States? A) Stockholders have limited liability for the debts of the corporation. B) Most corporations are small- or medium-sized. C) The life of a corporation is limited by the death of the owner. D) A corporation is usually managed […]
Date: September 2nd, 2020
The Financial Accounting Standards Board is a U.S. governmental agency that oversees the creation and governance of accounting standards. Indicate whether the statement is true or false ANSWER FALSE .The Financial Standards Board is a private organization.
Date: September 2nd, 2020
Local, state, and federal governments use accounting information to calculate income taxes. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Business owners use accounting information to set goals, evaluate progress toward those goals, and make adjustments when needed. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Outside investors would ordinarily use managerial accounting information to decide whether or not to invest in a business. Indicate whether the statement is true or false ANSWER FALSE
Date: September 2nd, 2020
