WILEY TESTS COMPILATION BUNDLE

You are the IT director for large company that has decided to move to the cloud. The company wants to use azure ad and microsoft intune. The company has been looking into this because users have been using multiple devices to get their job done. When your users get added to intune and get licensed, ...

AICPA correct answer: American Institute of Certified Public Accountants What is the American Institute of Certified Public Accountants (AICPA)? correct answer: The AICPA is the professional organization for participating CPAs. FASB correct answer: Financial Accounting Standards Board Wh...

Which of the following is not a primary responsibility of an auditor: correct answer: Provide management with an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. The phrase "generally acc...

"His pride does not offend me so much as pride often does, because there is an excuse for it. One cannot wonder that so very fine a young man, with family, fortune, everything in his favour, should think highly of himself. If I may so express it, he has a right to be proud." correct answer: Charl...

Chapter 22 Which is TRUE of acute viral infections? correct answer: They have a relatively short duration Rhinovirus is a cause of the common cold. What type of infection does it usually cause? correct answer: Acute What is the type of viral infection in which the viral genome is present i...

which of the follwing is correctly matched ? Streptococcus = rods in chains Staphylococcus = spheres in clumps Diplococcus = rods in clumps Streptobacillus = spheres in chains correct answer: Staphylococcus = spheres in clumps Which of the following is a component of the cytoplasm foun...

What are five essential elements of a contract? correct answer: 1. Offer 2. Acceptance 3. Consideration 4. Legal Capacity 5. Legality of Purpose Common Law contract terms apply for? correct answer: Contracts NOT for the sale of goods. UCC Article 2 applies for? correct answer: Contracts...

Define general controls correct answer: Controls over the environment as a whole. Apply to all functions, not just specific accounting applications. General controls help ensure that data integrity is maintained. Define feed forward control correct answer: A process in which futures results are...

CPA CO -Completeness -Proper period cutoff -Accuracy -Classification -Occurrence correct answer: assertions for Transactions and Events for the Period under Audit (Income Statement) completeness correct answer: all transactions and events that should have been recorded have been and man...

Convergence correct answer: refers to the working relationship between the FASB and the IASB to develop compatible, high-quality accounting standards. Adoption in the United States correct answer: refers to the SEC requirement for publicly traded companies to implement the IFRS accounting stand...

Financial statement assertions are established for account balances: Classes of transactions and/or disclosures. a. Yes Yes b) Yes No c) No Yes d) No No correct answer: a. Yes Yes Which of the following is not a financial statement assertion relating to account balances? a. completeness b....

Mr. Kitten purchased an annuity contract for $50,000 from the XYZ Company on March 31, 2020. He is to receive $1,000 per month starting April 1, 2020, and continuing for life. He has a life expectancy of 10 years as of March 31, 2020. Mr. Kitten's reportable annuity income for 2020 is: correct answ...

A heavy equipment dealer would like to trade some business assets in a nontaxable exchange. Which of the following exchanges would qualify as nontaxable? correct answer: A corporate office building for a vacant lot An exchange will be non-taxable if it qualifies under the like-kind exchange rule...

Generally Accepted Auditing Standard (GAAS) are correct answer: Pronouncements issued by the Auditing Standards Board Which of the following is MOST likely to be unique to the audit work of CPAs as compared to work performed by practitioners of other professions? correct answer: Independence ...