Cpa far ratios - Study guides, Class notes & Summaries

CPA: FAR: Ratios

RATIOS - FAR CPA EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

Auditing Exam 1|359 Questions with Verified Answers 1. Which of the following would be considered an assurance engagement? a. Giving an opinion on a prize promoter's claims about the amount of sweepstakes prizes awarded in the past. b. Giving an opinion on the conformity of the financial statements of a university with generally accepted accounting principles. c. Giving an opinion on the fair presentation of a newspaper's circulation data. d. Giving assurance about the average drive len...

Ratios - FAR CPA Exam

Auditing Exam 1|359 Questions with Verified Answers 1. Which of the following would be considered an assurance engagement? a. Giving an opinion on a prize promoter's claims about the amount of sweepstakes prizes awarded in the past. b. Giving an opinion on the conformity of the financial statements of a university with generally accepted accounting principles. c. Giving an opinion on the fair presentation of a newspaper's circulation data. d. Giving assurance about the average drive len...

ANASTAMOSIS? - Answer- -CONNECTION or opening BETWEEN two things (especially cavities or passages) that are normally diverging or branching, such as between blood vessels. -COMMUNICATION BETWEEN ARTERIES What causes the most airborne bacteria in OR? a. blood on gown b. blood spill c. skin shed d. patient vent - Answer- c. skin shed Nerve that innervates 4th and 5th fingers? - Answer- Ulnar Nerve Problem with Bilateral Synchronus Stim? - Answer- Can mask unilateral problems No ...

CPA Examination Fundamental Characteristics of Accounting Information - Correct Answer-1. Relevance 2. Reliability (faithful representation) Comprehensive Income - Correct Answer-NI + OCI Unrealized G/L AFS Securities - Correct Answer-OCI: Not on income statement Unusual, frequent items - Correct Answer-No separate disclosures Aspects of Relevance - Correct Answer-Predictive Value, Confirmatory Value, Materiality Aspects of Reliability - Correct Answer-Comparability (cons...

1. Horizontal analysis is the percentage analysis of increases and decreases in corresponding statements. The percent change in the cash balances at the end of the preceding year from the end of the current year is an example. Vertical analysis is the percentage analysis showing the relationship of the component parts to the total in a single statement. The percent of cash as a portion of total assets at the end of the current year is an example. 2. Comparative statements provide information as...