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CPA Certification Financial-Accounting-Reporting 尤其在IT行業中.。

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Financial-Accounting-Reporting PDF DEMO:

QUESTION NO: 1
In the hierarchy of generally accepted accounting principles, APB Opinions have the same authority as AICPA:
A. Accounting Research Bulletins.
B. Statements of Position.
C. Industry Audit and Accounting Guides.
D. Issues Papers.
Answer: A

QUESTION NO: 2
Several sources of GAAP consulted by an auditor are in conflict as to the application of an accounting principle. Which of the following should the auditor consider the most authoritative?
A. AICPA Technical Practice Aids.
B. FASB Technical Bulletins.
C. FASB Statements of Financial Accounting Concepts.
D. AICPA Accounting Interpretations.
Answer: B

QUESTION NO: 3
Coffey Corp.'s trial balance of Income Statement Accounts for the year ended December 31,
1988 as follows:
Coffey's income tax rate is 30%. The gain on debt extinguishment is considered a usual and recurring part of Coffey's operations. The hurricane is considered an unusual and infrequent event. Coffey prepares a multiple-step income statement for 1988.
Net income is:
A. $200,000
B. $168,000
C. $161,000
D. $140,000
Answer: D

QUESTION NO: 4
Rock Co.'s financial statements had the following balances at December 31:
What amount should Rock report as comprehensive income for the year ended December 31?
A. $400,000
B. $520,000
C. $570,000
D. $420,000
Answer: B

QUESTION NO: 5
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is preferable, accounting for these long-term contracts was switched from the completed-contract method to the percentage-of-completion method.
List A (Select one)
A. Neither an accounting change nor an accounting error.
B. Correction of an error in previously presented financial statements.
C. Change in accounting estimate.
D. Change in accounting principal.
Answer: D

那麼,什麼資料有讓你選擇的價值呢?你選擇的是不是Royalholidayclubbed的IAPP AIGP考古題?如果是的話,那麼你就不用再擔心不能通過考試了。 ISQI CTFL-AT - 我們都清楚的知道,在IT行業的主要問題是缺乏一個品質和實用性。 只要您支付您想要的考古題,您就能馬上得到它,在通眾多使用過本題庫產品的客戶回饋中,證明Admission Test ISQI CTFL-AT考古題是值得信賴的。 如果你使用了我們的Admission Test的Huawei H13-528_V1.0學習資料資源,一定會減少考試的時間成本和經濟成本,有助於你順利通過考試,在你決定購買我們Admission Test的Huawei H13-528_V1.0之前,你可以下載我們的部門免費試題,其中有PDF版本和軟體版本,如果需要軟體版本請及時與我們客服人員索取。 許多考生花費了大量的時間和精力學習Admission Test PECB ISO-IEC-42001-Lead-Auditor考試相關知識,但是到最後卻沒有成功,分析他們失敗的原因,我們得出結論是沒有針對性的復習。

Updated: May 28, 2022

 

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