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![CFI 100 FMVA Study Guide Exam Certification Questions and Answers](/docpics/5444341/665391432775e_5444341_121_171.jpeg)
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CFI 100 FMVA Study Guide Exam Certification Questions and Answers
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CFI 100 FMVA Study Guide Exam 
Certification Questions and Answers 
Income statement accounting - CORRECT ANSWER-Accrual - revenues & costs 
recorded as a business earns or incurs them, not as it receives and pays money 
It includes them in the relevant period's income statement and matches them as closely 
as possible 
CF makes no difference whatsoever - IS where sale happens 
=> How do you decide when sale happens? RECOGNIZE REV UPON DELIVERY OF 
GOOD/SERVICE PERFORMED 
Why are profits ...
![Peregrine Exam(question with correct answers 100%)2023 updated](/docpics/2928966/6491527698d8b_2928966_121_171.jpeg)
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Peregrine Exam(question with correct answers 100%)2023 updated
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Peregrine Exam(question with correct answers 100%)2023 updatedWhat is a general ledger? - correct answer A general ledger account is an account or record used to sort, store and summarize a company's transactions. 
asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment 
 
liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits 
 
stockholders' equity accounts such as Common Stock, Retained Earnings, Tr...
![FAC_1502 Course Notes.](/docpics/2775701/6468bb36053c3_2775701_121_171.jpeg)
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FAC_1502 Course Notes.
- College aantekeningen • 153 pagina's • 2023
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FAC_1502 Course Notes. 
STUDY UNIT 1 
The Conceptual Framework for Financial Reporting 
What is the Framework? 
 Sets out the objectives & concepts 
 Provides a theoretical background or general frame of reference 
Purpose of the Framework: 
 Assist standard setting bodies; 
 Assist preparation of financial statements; 
 Assist auditors; 
 Assist other users of financial statements. 
The Conceptual Framework for Financial Reporting 
The Objective of general purpose f...
![TAX1501-Taxation Of Salaried Persons LATEST EXAM PACK .](/docpics/62ea05bfe2f3d_1880061.jpg)
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TAX1501-Taxation Of Salaried Persons LATEST EXAM PACK .
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TAX1501-Taxation Of Salaried Persons LATEST EXAM PACK .QUESTION 1 
PART 1 
 R R 
Salary 450 000 
Bonus 150 000 
Local dividends 15 500 
Less: Exemption (15 000) 0 
Foreign interest 34 000 
634 000 
Less: Retirement contribution 
 Actual contribution: R120 000 
Step 1: Calculate the percentage limit 
27.5% of the greater of remuneration or taxable 
before this deduction 
 -Remuneration: R450 000 + R150 000 = R600 000 
 -Taxable income: R634 000 
 The greater of the two amount is the taxable incom...
![IAAO 2023 Course 300 Exam with Complete Solutions](/docpics/641d975cf2098_2510494.jpg)
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IAAO 2023 Course 300 Exam with Complete Solutions
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Scope of Work Rule - ANSWER-1. Identify the problem to be solved 
2. Determine and perform the scope of work necessary to develop credible assignment results 
3. Disclose the scope of work in the report 
 
Scope of work acceptability - ANSWER-When it meets or exceeds: 
1. Expectations of parties who are regularly intended users for similar assignments and 2. What an Appraiser's peers actions would be in performing the same or similar assignments 
 
Economic Basis of Model Building - ANSWER-Sup...
![Test Bank For Intermediate Accounting 9th Edition By Spiceland](/docpics/3505194/6512ccbdb1b9c_3505194_121_171.jpeg)
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Test Bank For Intermediate Accounting 9th Edition By Spiceland
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Chapter 3 The Balance Sheet and Financial Disclosures 
True/False Questions 
1. The balance sheet reports a company's financial position at a point in time. 
Answer: True 
Level of Learning: 1 Easy 
Learning Objective: 03-01 
Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember 
AACSB: Reflective thinking 
AICPA: BB Critical thinking 
AICPA: FN Measurement 
2. A company’s market value is generally less than its book value. 
Answer: False 
Level of Learning: 1 Easy 
Learning...
![PHR ca Timed Practice Exam questions with correct answers](/docpics/3619727/6529df337dad3_3619727_121_171.jpeg)
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PHR ca Timed Practice Exam questions with correct answers
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School appearance leave specifically provides employees: 
protection from discrimination for taking time off to appear at school for reasons related to a child's suspension 
 
 
 
Some entities that are exempt from Proposition 65 include small organizations: 
55 
 
 
 
An advanced notice of a CAL/OSHA Inspection is usually given when: 
an imminent hazard is present so that employer can abate the hazard as quickly as possible 
 
 
 
When performing a background check on a job candidate, an emplo...
![FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS)](/docpics/3326733/64ecc1b8cf2ee_3326733_121_171.jpeg)
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS)
- Overig • 5 pagina's • 2023
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) 
 
Question 1 
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Question 2 
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Question 3 
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QUIZ 
The definition of a liability is: 
A. A future economic resource controlled by a reporting entity as a result of a past event. 
B. A future economic resource controlled by a reporting entity as a result of a future event. 
C. A present economic resource controlled by a reporting entity as a result of a pa...
![FIN 6710 Wall Street Prep1 Excel Crash Course : A+ Score Guide](/docpics/3942306/6569e7f15e2d9_3942306_121_171.jpeg)
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FIN 6710 Wall Street Prep1 Excel Crash Course : A+ Score Guide
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In 2017, $2 million in wages were earned and no cash wages were paid. 
In 2018, $8 million in wages were earned and $7 million in cash wages were 
paid. 
Cash wages were used to first pay wages earned in 2017 with the remainder 
used to pay wages earned in 2018. 
Any earned but unpaid wages will be paid during the first quarter of 2019. 
Using only the information provided, which of the following statements is most 
accurate? 
 Liabilities increased by $1.0 million in 2018 
 Liabilities increase...
![Test Bank For Fundamentals of Financial Management Concise Edition 9th Edition By Brigham](/docpics/3501885/6512144fb010c_3501885_121_171.jpeg)
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Test Bank For Fundamentals of Financial Management Concise Edition 9th Edition By Brigham
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This chapter has a lot of definitions. They are important, but we don't like to make students memorize too many of them early in the course. We let our students use the formula sheet that includes the key definitions. 
Note that there is an overlap between the T/F and multiple-choice questions, as some of the T/F statements are used in multiple-choice questions. 
 
Multiple Choice: True/False 
 
 
1. The annual report contains four basic financial statements: the income statement, the balance...
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