The following is from the Wiley CPA Review REG Online Test Bank. Used with permission from the Publisher. Topic: Bankruptcy Filing a valid petition in bankruptcy acts as an automatic stay of actions to Garnish the debtor’s wages / Collect alimony from the debtor A. Yes / Yes B. Yes / No C. No /
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Wiley CPA Exam Review QOTD BEC
The following is from the Wiley CPA Review BEC Online Test Bank. Used with permission from the Publisher. Topic: Cost Accounting Morton Company’s manufacturing costs for 2008 were as follows: Direct materials: $300,000 Direct manufacturing labor: 400,000 Variable Factory overhead: 80,000 Fixed Factory overhead: 50,000 Prime costs totaled A: $300,000 B: $380,000 C: $700,000
Wiley CPA Exam Question AUD
The following is from the Wiley CPA Review AUD Online Test Bank. Used with permission from the Publisher. Topic: Auditing and Technology To obtain evidence that user identification and password controls are functioning as designed, an auditor would most likely A: Review the online transaction log to ascertain whether employees using passwords have access to
Wiley CPA Exam Question FAR
The following is from the Wiley CPA Software . Used with permission from the Publisher. Topic: Basic Accounting Principles Which of the following accounting pronouncements is the most authoritative? A: FASB Statement of Financial Accounting Concepts. B: FASB Technical Bulletin. C: The FASB Accounting Standards Codification. D: AICPA Statement of Position. The answer will be
Wiley CPA Exam Question REG
The following is from the Online Wiley CPA Review Software. Used with permission from the Publisher. Topic: Agency Which of the following is not an essential element of an agency relationship? A: It must be created by contract. B: The agent must be subject to the principals control. C: The agent is a fiduciary in
Wiley CPA Exam Question BEC
The following is from the Online Wiley CPA Software. Used with permission from the Publisher. Topic: Business Structures Which of the following is not necessary to create an express partnership? A: Execution of a written partnership agreement. B: Agreement to share ownership of the partnership. C: Intention to conduct a business for profit. D: Intention
Wiley CPA Exam Question AUD
The following is from the Online Wiley CPA Test Bank. Used with permission from the Publisher. Topic: Audit Sampling Which of the following is included as part of the definition of audit sampling? A: Inquiry and observation procedures. B: Documentary evidence. C: Evaluation of some characteristic. D: Statistical techniques. The answer will be left in
Wiley CPA Exam Question FAR
The following is from the Online Wiley CPA Review Software. Used with permission from the Publisher. Topic: Accounting Changes The 2009 financial statements of Bice Company reported net income for the year ended December 31, 2009, of $2,000,000. On July 1, 2010, subsequent to the issuance of the 2009 financial statements, Bice changed from an
AICPA Membership Voting Controversy
2010 Q2 CPA Exam Pass Rates Released
The CPA Exam Pass Rates for the Second Quarter of 2010 have been released. Auditing and Attestation: 2010 Q1: 46.86% 2010 Q2: 50.77 Cumulative: 48.94% Business Environment and Concepts: 2010 Q1: 46.59% 2010 Q2: 48.88% Cumulative: 47.80% Financial Accounting and Reporting: 2010 Q1: 44.95% 2010 Q2: 48.39% Cumulative: 46.70% Regulation: 2010 Q1: 49.00% 2010 Q2:
