Which organization provides guidelines for ethical conduct for the accounting profession?
A) AICPA
B) SEC
C) GAAP
D) FASB
E) CMA
Answer: A
Explanation: A) The code of professional conduct for public accountants in the United States is maintained and enforced by the AICPA (American Institute of Certified Public Accountants).
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The loss of dollars, jobs, reputation, and future business are not consequences of losing
customers. Indicate whether the statement is true or false
The following is a partial set of financial statements prepared for the company's first year of operations. All transactions were for cash.Required:Fill in the blanks indicated by the alphabetic letters in the following financial statements. 
What will be an ideal response?
A company has a net cash inflow from operating activities of $794,000, a net cash outflow of $60,000 from investing activities and a net cash inflow of $100,900 from financing activities. The company paid $129,000 in interest, $189,000 in income taxes, and $205,000 in cash dividends. Which of the following statements about the statement of cash flows is not correct?
A. Supplemental disclosures required for a company using the indirect method include the amount of interest and the amount of income taxes paid. B. The cash dividends of $205,000 paid will be reported as a cash outflow in the cash flow from investing activities section. C. The statement of cash flows will show a net increase in cash and cash equivalents of $834,900. D. If the direct method is used, the $129,000 of interest paid and the $189,000 of income taxes paid will be reported in the cash flows from operating activities.
Notice of a proposed rule may be given by publication in the Federal Register
Indicate whether the statement is true or false