Archives: Quiz
Chapter 9 1 Genetic Abnormalities Seizure Syndrome And Brain Dysfunction Discrepancy Between Ability And Achievement
1 Test Items Chapter 9: Understanding Students with Intellectual Disability Multiple Choice 1. Intellectual disabilities are characterized by significant limitations both in: A. Intellectual functioning and IQ scores B. Intellectual functioning and functional behavior C. Intellectual functioning and academic achievement […]
Chapter 8 1 Casey Lacks Motivation Complete Her Work And Participate Class What Motivational Strategy
1 Test Items Chapter 8: Understanding Students with Attention-Deficit/Hyperactivity Disorder Multiple Choice 1. Which IDEA category includes AD/HD? A. Emotional disturbance B. Learning disabilities C. Other health impairments D. Attention deficit disorder 2. What fraction of students served under the […]
Chapter 7 1 How Can You Help Desean Decrease His Inappropriate Social Behaviors Send Desean
1 Test Items Chapter 7: Understanding Students with Emotional or Behavioral Disorders Multiple Choice 1. Each of the following is a part of the definition of emotional disturbance EXCEPT: A. An inability to learn that cannot be explained by intellectual, […]
Chapter 6 1 Which The Following Students Mrs Grimes Classroom Shows Example Someone Having Difficulty
1 Test Items Chapter 6: Understanding Students with Communication Disorders Multiple Choice 1. Which of the following entails receiving, understanding, and expressing information, feelings, and ideas? A. Reading B. Communication C. Comprehension D. Language 2. Which of the following is […]
Chapter 5 1 Iep Paperwork During The Meeting Send Her The Iep Study Ahead Time
1 Chapter 5: Understanding Students with Learning Disabilities Multiple Choice 1. Which one of the following is part of the exclusionary criteria for learning disabilities? A. An impairment that is caused primarily by poor instruction B. An impairment that is […]
Chapter 4 1 Explain That Sallys School Success And Family Quality Life Will Improve They
1 Test Items Chapter 4: Today’s Families and Their Partnerships with Professionals Multiple Choice 1. Which definition of family is advocated by the authors of this chapter? A. A group of people related by birth, marriage, or adoption who reside […]
Chapter 3 1 True Intervention Assistance Teams Are Completely Different Model The Teams Usually Consist
1 Test Items Chapter 3: Issues and Responses in Today’s Culturally Diverse Schools Multiple Choice 1. Customary beliefs, social forms, and material traits of a racial, religious, or social group; and the characteristic features of everyday existence shared by people […]
Chapter 2 1 The Teacher And Parents Should Wait Until Anthony Gets Bit Older Before
1 Chapter 2: Ensuring Progress in the General Education Curriculum Through Universal Design for Learning and Inclusion Multiple Choice 1. Which of the following identifies the academic content that students should master, the standards for the student’s achievement of content […]
Chapter 1 1 Full Inclusion All The Time Parents Involvement Due Process Availability Continuum Services
1 Chapter 1: Overview of Today’s Special Education Multiple Choice 1. What percent of students are identified as gifted? A. About 10% B. About 20% C. About 7% D. About 5% 2. What two disability categories constitute about two-thirds of […]
Finance Chapter 21 2 An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that
Chapter 21 – Assurance, Attestation, and Internal Auditing Services 46. Independence is required A. Under GAAS but not attestation standards. B. Under both GAAS and attestation standards. C. Under attestation standards but not GAAS. D. Is preferred but not required […]
Finance Chapter 21 1 Assurance services are independent professional services that improve the quality of information specifically for internal decision makers.
Chapter 21 – Assurance, Attestation, and Internal Auditing Services 1. Assurance services are independent professional services that improve the quality of information specifically for internal decision makers. FALSE AACSB: Communication AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: […]
Finance Chapter 21 3 76 According The Code Professional Conduct What Response Appropriate When Accountant Who
Chapter 21 – Assurance, Attestation, and Internal Auditing Services 21–36 76. According to the Code of Professional Conduct, what response is appropriate when an accountant, who is not independent, performs a compilation of financial statements? AACSB: Communication AICPA BB: Industry […]
Finance Chapter 20 2 Suits are often brought against auditors that allege that the auditors did not detect some type of fraud or defalcation
Chapter 20 – Legal Liability 38. Which of the following statements is (are) correct regarding the common law elements that must be proven to support a finding of constructive fraud against a CPA? I. The plaintiff has justifiably relied on […]
Finance Chapter 20 1 An auditor can be guilty under federal statutory law if s/he was reckless in performance of her/his professional duties
Chapter 20 – Legal Liability 1. Common law is written law enacted by the legislative branches of governments. FALSE AACSB: Communication AICPA BB: Legal AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 20-02 Know the definitions of […]
Finance Chapter 19 2 In order to achieve effective quality control, a firm of independent auditors should establish policies and procedures for
Chapter 19 – Professional Conduct, Independence, and Quality Control 43. According to the ethical standards of the profession, which of the following acts is generally prohibited? A. Issuing a modified report explaining a failure to follow a governmental regulatory agency’s […]
Finance Chapter 19 1 An indirect financial interest is defined as a financial interest that is owned or is under the control of an individual or entity
Chapter 19 – Professional Conduct, Independence, and Quality Control 1. The term “ethics” refers to a person’s propensity to follow the laws of the land. FALSE AACSB: Ethics AICPA BB: Critical Thinking AICPA FN: Decision Making Blooms: Remember Difficulty: 1 […]
Finance Chapter 18 2 When reporting on comparative financial statements where the financial statements of the prior year have been examined by a predecessor
Chapter 18 – Reports on Audited Financial Statements 45. If a public company issues financial statements that purport to present its financial position and results of operations but omits the statement of cash flows, the auditor ordinarily will express a(an) […]
Finance Chapter 18 1 A going concern issue requires a modification of the wording to the three-paragraph standard unqualified audit report
Chapter 18 – Reports on Audited Financial Statements 1. A going concern issue requires a modification of the wording to the three-paragraph standard unqualified audit report (public company). TRUE AACSB: Communication AICPA BB: Industry AICPA FN: Reporting Blooms: Remember Difficulty: […]
Finance Chapter 17 2 Which of the following ratios is least likely to assist the auditor in determining whether the client is experiencing financial difficulties
Chapter 17 – Completing the Audit Engagement 44. Which of the following ratios is least likely to assist the auditor in determining whether the client is experiencing financial difficulties? A. Net worth/total liabilities. B. Cash/total assets. C. Total liabilities/total assets. […]
Finance Chapter 17 3 For which of the following matters should an auditor obtain written management representations
Chapter 17 – Completing the Audit Engagement 66. For which of the following matters should an auditor obtain written management representations? A. Management’s cost-benefit justifications for not correcting internal control weaknesses. B. Management’s knowledge of future plans that may affect […]
Finance Chapter 17 1 The auditor must perform final analytical procedures before deciding on the appropriate audit report to issue for the entity
Chapter 17 – Completing the Audit Engagement 1. Every contingent liability must be recorded. FALSE AACSB: Communication AICPA BB: Critical Thinking AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 17-01 Be able to explain the audit issues […]
Finance Chapter 16 2 The auditor should insist that a representative of the client be present during the physical examination of securities in order to
Chapter 16 – Auditing the Financing/Investing Process: Cash and Investments 42. The auditor should insist that a representative of the client be present during the physical examination of securities in order to A. Lend authority to the auditor’s directives. B. […]
Finance Chapter 16 1 A cutoff bank statement is used to verify the propriety of the reconciling items shown on the bank reconciliation
Chapter 16 – Auditing the Financing/Investing Process: Cash and Investments 1. The cash account is affected by all of the entity’s business processes. TRUE AACSB: Communication AICPA BB: Industry AICPA FN: Risk Analysis Blooms: Remember Difficulty: 1 Easy Learning Objective: […]
Finance Chapter 15 2 Which audit procedure is most closely related to management’s assertion regarding presentation and disclosure of liabilities
Chapter 15 – Auditing the Financing/Investing Process: Long-Term Liabilities, Stockholders’ Equity, and Income Statement Accounts 37. During an audit, Wicks learns that the audit client was granted a 3-month waiver of the repayment of principal on the installment loan with […]
Finance Chapter 15 1 One major issue associated with long-term debt is the classification of the short-term portion of long-term debt that is due in the next year
Chapter 15 – Auditing the Financing/Investing Process: Long-Term Liabilities, Stockholders’ Equity, and Income Statement Accounts 1. Notes receivable is a common type of long-term financing. FALSE AACSB: Communication AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy […]
Finance Chapter 14 2 Which of the following audit procedures would be least likely to lead the auditor to find unrecorded fixed asset disposals
Chapter 14 – Auditing the Financing/Investing Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment 40. A normal audit procedure is to analyze the current year’s repairs and maintenance accounts to provide evidence in support of the audit proposition […]
Finance Chapter 14 1 The purchase of capital assets should be consistent with the authorization table used by the client to approve such transactions
Chapter 14 – Auditing the Financing/Investing Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment 1. Prepaid expenses provide economic benefit for longer than a year. FALSE AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Risk Analysis Blooms: Remember […]
Finance Chapter 7 1 Profitable firms have more investment opportunities. Investment decreases the free cash flow, turning it negative in some cases
TEST NUMBER 7 NFE = OI – Comprehensive income = 8 – 7 = 1 D = Comprehensive income – ∆CSE = 7 – 4 = 3 OI = C – I + ∆NOA = 3 + 5 = 8 […]
Finance Chapter 13 2 Which of the following control activities would most likely be used to maintain accurate perpetual inventory records
Chapter 13 – Auditing the Inventory Management Process 44. In obtaining an understanding of a manufacturing entity’s internal control concerning inventory balances, an auditor most likely would A. Review the entity’s description of inventory policies and procedures. B. Perform test […]
Finance Chapter 6 1 Operating Expenses, OI from sales, before tax, Tax reported, Tax benefit of loss on other OI ,Tax benefit of net interest expense
TEST NUMBER 6 Question 1 OI = Sales x PM = $912 x 0.125 = 114 NI = OI = 114 (no net debt) Unrealized gain 8 Translation loss (6) Comp Income 116 As there is no net debt (NFO […]
Finance Chapter 13 1 The major control procedure for preventing fictitious inventory transactions from being recorded is proper segregation of duties.
Chapter 13 – Auditing the Inventory Management Process 1. The “cradle-to-grave” cycle for inventory begins when goods are purchased and stored and ends when the finished goods are shipped to customers. TRUE AACSB: Analytic AICPA BB: Industry AICPA FN: Decision […]
Finance Chapter 5 1 After making your valuation you discover (in footnotes) that the firm has 37 million employee stock options outstanding
TEST NUMBER 5 Question 1 (6 points) From the following information, calculate comprehensive income for fiscal year 2005. Amounts are in millions of dollars. Common shareholders’ equity, May 31, 2004 450 Share issues (including $49 tax benefit 270 from employee […]
Finance Chapter 12 2 Which of the following is a control activity that most likely could help prevent employee payroll fraud
Chapter 12 – Auditing the Human Resource Management Process 12–18 41. A CPA reviews a client’s payroll procedures. The CPA would consider internal control to be less than effective if a payroll department supervisor was assigned the responsibility for AACSB: […]
Finance Chapter 4 1 If both profit margin and asset turnover are expected to continue at their current levels in the future
TEST NUMBER 4 Question 1 (12 points) At the time that of its 10-Q filing of financial statements for the first half of its January 2002 fiscal year, Home Depot’s shares traded at $50 per share. The following are summaries […]
Finance Chapter 12 1 There are few inherent risk factors that directly affect the human resource management process and its related accounts for non-officers.
Chapter 12 – Auditing the Human Resource Management Process 1. Payroll-related expenses normally are not a material cost to the organization. FALSE AACSB: Communication AICPA BB: Industry AICPA FN: Risk Analysis Blooms: Remember Difficulty: 1 Easy Learning Objective: 12-01 Develop […]
Finance Chapter 3 1 Prepare a reformulated comparative balance sheet that distinguishes assets and liabilities employed in operations
TEST NUMBER 3 This exam comes in two parts. Part I involves an analysis of a set of financial statements and Part II involves forecasting and valuation based on those financial statements. Part I: Analysis (20 Points) The following is […]
Finance Chapter 11 2 Which of the following is a substantive procedure that an auditor most likely would perform to verify the existence of recorded accounts payable
Chapter 11 – Auditing the Purchasing Process 45. When an auditor selects a sample of items from the vouchers payable register for the last month of the period under audit and traces these items to underlying documents, the auditor is […]
Finance Chapter 2 1 Forecast the residual operating income for 2004 that is implicit in the analysts’ forecast. Use a required annual return for operations of 9%
TEST NUMBER 2 Question 1 (10 points) Below is an excerpt from the cash flow statement of a firm for fiscal year 2003: Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by […]
Finance Chapter 11 3 The key inherent risk factors an auditor must consider when auditing the purchasing process are industry factors.
Chapter 11 – Auditing the Purchasing Process 68. Which of the following describes a temporary difference? A. A difference that will be corrected in an amended tax return. B. A difference arising from an uncertain tax position. C. A fundamental […]
Finance Chapter 1 1 This month Microsoft is distributing $34 billion of financial assets to shareholders in the form of a special dividend
TEST NUMBER 1 Question 1 (32 Points) The following are partial financial statements for an industrial firm that you are required to analyze and value. All amounts are in millions of dollars. Income Statement for Fiscal Year 2004 Sales 2,000 […]
Finance Chapter 11 1 Product costs should be matched directly with specific transactions and are recognized upon recognition of revenue
Chapter 11 – Auditing the Purchasing Process 1. Product costs should be matched directly with specific transactions and are recognized upon recognition of revenue. TRUE AACSB: Communication AICPA BB: Industry AICPA FN: Measurement Blooms: Remember Difficulty: 1 Easy Learning Objective: […]
Finance Chapter 10 3 Customers having substantial year-end past due balances fail to reply after second request forms have been mailed directly to them
Chapter 10 – Auditing the Revenue Process 75. An auditor is reviewing sales cutoff as of March 31, 2010. All sales are shipped FOB destination and the company records sales three days after shipment. The auditor notes the following transactions: […]
Investments & Securities Chapter 22 1 which of the following typically strives to earn a return on their investments that exceeds the actuarially determined rate of return
1. To _____ means to mitigate a financial risk. A. invest B. speculate C. hedge D. renege AACSB: Analytic Blooms: Remember Difficulty: 2 Medium Learning Objective: 22-01 Specify investment objectives of individual and institutional investors. Topic: Investor Objectives 2. In […]
Finance Chapter 10 2 Which of the following procedures would ordinarily be expected to best reveal improper cutoff of sales at the balance sheet date
Chapter 10 – Auditing the Revenue Process 45. A CPA auditing an electric utility wishes to determine whether all customers are being billed. The CPA’s best direction of test is from the A. Meter department records to the billing (sales) […]
Investments & Securities Chapter 22 2 an investor has a long time horizon and desires to earn the market rate of return. however, the investor will need to withdraw funds each year
AACSB: Analytic Blooms: Remember Difficulty: 2 Medium Learning Objective: 22-01 Specify investment objectives of individual and institutional investors. Topic: Investor Objectives 45. The amount of risk an individual should take depends on his or her: I. Return requirements II. Risk […]
Finance Chapter 10 1 Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash
Chapter 10 – Auditing the Revenue Process 1. Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash. TRUE AACSB: Analytic AICPA BB: […]
Investments & Securities Chapter 21 1 you can tax-shelter only one-half of your retirement savings. you want to invest one-half of your savings in bonds and one-half in stocks
1. Which one of the following is an example of “global” consumption smoothing? A. Borrowing to buy a car B. Borrowing to buy a home C. Saving to send children to college D. Saving during your working years for retirement […]
Finance Chapter 9 2 Which of the following most likely would be an advantage in using classical variables sampling rather than monetary-unit sampling
Chapter 09 – Audit Sampling: An Application to Substantive Tests of Account Balances 34. If the upper limit on misstatements exceeds tolerable misstatement, the auditor is least likely to A. Increase sample size. B. Conduct other substantive procedures. C. Adjust […]
Investments & Securities Chapter 21 2 an investor plans to retire at age 60 with total savings of $1,000,000. if she is currently 35 years old, has no savings
43. An investor plans to retire at age 60 with total savings of $1,000,000. If she is currently 35 years old, has no savings, and expects to earn 8% per year on her investments, how much money must she set […]
Finance Chapter 9 1 The size of the upper limit on misstatement is largely dependent on the sample size, which is inversely related to the desired confidence level
Chapter 09 – Audit Sampling: An Application to Substantive Tests of Account Balances 1. The purpose of audit sampling is to draw inferences about the entire population from the results of a sample. TRUE AACSB: Analytic AICPA BB: Critical Thinking […]