Which of the following is a net asset category reported by not-for-profit entities?
A. Net investment in capital assets.
B. Temporarily restricted net assets.
C. Unrestricted net assets.
D. Net assets with donor restrictions.
Answer: D
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Which of the following audit tests would be regarded as a test of controls?
A. Tests comparing inventory pricing to vendors' invoices. B. Tests of the specific items making up the balance in a given general ledger account. C. Tests of the additions to property, plant, and equipment by physical inspections. D. Tests of the signatures on canceled checks to the board of directors' authorizations.
Which of the following is not true regarding a Certified Public Accountant?
A. Must pass an examination. B. Cannot hold any certificate other than a CPA. C. Must meet education and experience requirements. D. Must exhibit ethical character. E. May also be a Certified Management Accountant.
A good primary source of market information is your sales force and customers
Indicate whether the statement is true or false
Ricky and Michelle are co-workers. When Ricky sees Michelle succeed, he feels inspired. Ricky ______.
a. has a growth mindset b. has a fixed mindset c. is a left-brain thinker d. is a right-brain thinker