Question

14. Booking or recognizing sales or revenue before you earned it is called 15.Capitalizing expenses or salaries is an illegal act by the company. Doing this their profits or net income. 16.Stealing assets or inventory is called of 17.Mailing letters by the auditor to the company's Accounts Receivable and Payable customers and vendors are called letters. 18.When the dollar amount or % is large enough, then it must be disclosed by the auditor. It's called a amount or event. 19.If the Debt to Equity ratio is over %, that means that more than % of your assets are financed with debt: a Red Flag for any investor. Market Cap. a company's worth-is the stock price x 20.The Inventory Turnover number tells how long your inventory is sitting unsold. The the number, the better buy it, sell it fast! Act allows an auditor to be sued by shareholders. 21.The 22.lnatanegligence is 'absence of reasonable care'. Fraud ec luss 23. 'Intent to deceive' is called behavior 24.Gross negligence is defined as liability could make you liable for ALL the 25. debt owed by you and your partners. and 26. You can only write 'CPA' after your name on your business card after you have satisfied the test requirements of the state you will be hour's practicing in. worum 200

Answer 1

Q.No	Answer
14	Accrued revenue
15	Over reporting or misreporting
16	Deficiencies of Internal Control
17	Balance confirmation letters
18	Unususal transaction amount or event
19	75%, 75%. Number of shares
20	Less
21	Securities Act of 1933 and the Securities Exchange Act of 1934.
22	Ordinary negligence
23	Fraud
24	tantamount to reckless behavior
25	Unlimited liability
26	License