SOFE
SOFA-CFE
Q1:
A technique for analyzing the relationships between the items on an income statement, balance sheet, or statement of cash flows by expressing components as percentages is called:
○
A
Vertical analysis○
B
Horizontal analysis○
C
Fraction analysis○
D
Ratio analysis
SOFE
SOFA-CFE
Q2:
To debit accounts receivables and credit sales is the typical entry under:
○
A
Fictitious account payables○
B
Fictitious account receivables○
C
Failure to write off account receivables○
D
Failure to write off account payables
SOFE
SOFA-CFE
Q3:
Improper asset valuations usually fall into which of the following category?
○
A
Inventory valuation○
B
Accounts receivable○
C
Business combinations○
D
All of the above
SOFE
SOFA-CFE
Q4:
The costs that provide a benefit to a company over more than one accounting period are called:
○
A
Capital expenses○
B
Revenue expenses○
C
Asset expenses○
D
Manufacturing equipments expenses
SOFE
SOFA-CFE
Q5:
The primary victim of what is not the employer but the insurance carrier for the employee?
○
A
Employee's fraud cash filter○
B
Worker's compensation scheme○
C
Employees' recognized codes of conduct○
D
Worker's profit scheme