What is the time period for classifying a liability as current?
What is one year or the operating cycle, whichever is longer?
100
True or False? Significant noncash activities are a part of the statement of cash flows?
What is True?
100
The CPA exam is comprised of how many parts?
What is four?
100
Who is Tina?
What is Professor Rolling?
200
Is there an age minimum to sit for the CPA exam?
What is no?
200
True or False: Federal unemployment taxes are paid by both the employer and the employee?
What is False?
200
What term is used for bonds that have specific assets pledged as collateral?
What is secured?
200
What is the minimum percentage needed to pass an exam?
What is 75%
200
What professor teaches Marketing?
What is Belfanz?
300
What law enforcement agency counts on more than 1,400 accountants among its special agents?
What is the FBI?
300
Name 2 major advantages of a corporation?
What is Separate legal existence, Continuous life, Transferable ownership rights, Limited liability of stockholders?
300
What method is normally used to account for treasury stock?
What is the cost method?
300
How many months do you have to complete all four parts of the CPA exam once you begin?
What is 18 months?
300
Who is chair of the business department?
What is Baleja?
400
What award show has a team of CPA's that spend on average 1,700 hours prior to the show counting ballots?
What is the Oscars/Academy Awards?
400
What type of activity is the purchase of equipment for cash?
What is Investing activity?
400
How are cash dividends paid to stockholders classified on the statement of cash flows?
What is under Financing activities?
400
How many semster hours are required to sit for the CPA exam in Michigan?
What is 120?
400
In what area has Professor Ealey had a lot of experience with?
What is healthcare?
500
The first CPA exam was given in 1896 in which state?
What is New York?
500
A corporation issued a $50,000, 9%, 4-month note on July 1. The corporation's year-end is September 30. Which one of the following is the adjusting entry for interest on September 30?
What is Interest Expense 1,125
Interest Payable 1,125
500
Wynola, Inc. issued 1,000 shares of common stock at $10 per share. If the stock has a par value of $4 per share, what account will be credited in the journal entry and for how much?
What is Credit to Common Stock for $4,000?
500
What are the names of the four parts of the CPA exam?
What is AUD, FAR, BEC, REG?
500
What company did Tina work for before teaching at Alma College?