RMR Jeopardy

Geography

100

The largest country in the world is   ............

Russia

200

Mount Kilimanjaro can be found in this continent

Africa

300

Canada in divided into how many provinces? 

Ten

400

What is the highest point in the world? 

Mount Everest

500

Which country is famous for being home to the Great Pyramid of Giza?

Egypt

Taxation

100

What level of passive income would there be a complete grind of the small business deduction? 

$150,000

200

What is the basic corporate tax rate in Ontario? 

11.5%

300

What is the gross up rate for other than eligible dividends? 

15%

400

Which tax schedule is used to calculated the taxable capital employed by corporations? 

Sch. 33

500

A partnership pays tax on its taxable income - True or False 

False 

Sports

100

This is the official Canadian Winter Sport. 

Hockey

200

This bird can be found on the logo of the Toronto Blue Jays? 

Blue Jay

300

What is the big prize for the Canadian Football League called? 

Grey Cup

400

What is the number 1 Sport in the world?

Soccer

500

This is considered the most popular Canadian Sport

Hockey

Audit/Accounting

100

This abbreviation is used to refer to Canadian generally accepted accounting principles

ASPE

200

When a cheque is written, the cash account should be ............

Credited

300

Complete the following - under the accrual basis of accounting, revenues are reported in the accounting period when goods and services are ..................

Delivered 

400

This formula can be used to calculate the markup of a product

Profit/Cost 

500

If financial statements fail to disclose a material fact, the auditors may disclose the information in an explanatory paragraph and issue an unqualified opinion on the statements - True or False

False