FINANCIAL-ACCOUNTING-AND-REPORTINGCertified Public Accountant (Financial Accounting & Reporting)
163 Questions and Answers Experienced specialists selected 163 questions for this exam. All answers are verified to ensure correctness.
Last Updated May 14, 2024 Ace your exams with our consistently updated FINANCIAL-ACCOUNTING-AND-REPORTING exam dumps.
PDF Demo Download Download free PDF demos and try sample questions before purchase
FINANCIAL-ACCOUNTING-AND-REPORTING Last Month Results
FINANCIAL-ACCOUNTING-AND-REPORTING Online Practice Questions and Answers
According to the FASB conceptual framework, the objectives of financial reporting for business enterprises are based on:
A. Generally accepted accounting principles.
B. Reporting on management's stewardship.
C. The need for conservatism.
D. The needs of the users of the information.
During the first quarter of 1993, Tech Co. had income before taxes of $200,000, and its effective income tax rate was 15%. Tech's 1992 effective annual income tax rate was 30%, but Tech expects its 1993 effective annual income tax rate to be 25%. In its first quarter interim income statement, what amount of income tax expense should Tech report?
A. $0
B. $30,000
C. $50,000
D. $60,000
Kell Corp.'s $95,000 net income for the quarter ended September 30, 1990, included the following aftertax items:
•
A $60,000 extraordinary gain, realized on April 30, 1990, was allocated equally to the second, third, and fourth quarters of 1990.
•
A $16,000 cumulative-effect loss resulting from a change in inventory valuation method was recognized on August 2, 1990.
In addition, Kell paid $48,000 on February 1, 1990, for 1990 calendar-year property taxes. Of this amount,
$12,000 was allocated to the third quarter of 1990.
For the quarter ended September 30, 1990, Kell should report net income of:
A. $91,000
B. $103,000
C. $111,000
D. $115,000
No doubt it is the best dumps. But there are a few mistakes in the answers, I think. Very good hands-on training, I will really recommend anyone studying Network and communications management to have this dumps to practice as a reference and also to pass the FINANCIAL-ACCOUNTING-AND-REPORTING exam.
Valid dumps. Thanks very much.
Passed the exam today. All questions were from this FINANCIAL-ACCOUNTING-AND-REPORTING exam dump. It's 100% valid. Special thanks to my friend who shares this great site with me.
I'm an engineer and do have not much time to prepare for the exam. Before two months, one of my friends intriduced this dumps to me. From then on, I only planned one hour to study this dumps and do the questions. Sometime i was so busy and had no time to do it. So before i begun my exam, I think I would fail the exam. But when I began my FINANCIAL-ACCOUNTING-AND-REPORTING exam, I found many same questions with the dumps, so i felt more and more confident and at last i passed the exam luckly. Thanks for this dumps and special to my friend.
HIGHLY recommend. Each question is centered around something that must be known for the FINANCIAL-ACCOUNTING-AND-REPORTING exam. Each answer is clear, concise, and contains all needed steps in a manner pertinent to the subjects. One thing need to be improved is there are no explanations for each question. Only explanations for some questions. It would be better if you give explanations to every question.
I passed the FINANCIAL-ACCOUNTING-AND-REPORTING exam with a perfect score. I'm so happy now. Thanks for my friends' introduction, thanks for these dumps.
The dumps are really valid and current. I've been using this to prepare for the exam for about one week. The FINANCIAL-ACCOUNTING-AND-REPORTING questions and answers are very clear and easy to read. Passed the exam just now.
Very good dumps. It helps alot on my study. It has a lot more than we should know for the exam but these info is good to know for your career.
Thanks for my friend's introduction, I passed the exam by using this study material luckily. Good lucky to you!
This resource was colossally helpful during my FINANCIAL-ACCOUNTING-AND-REPORTING studies. The practice tests are decent, and the downloadable content was great. I used this and two other textbooks as my primary resources, and I passed! Thank you!
