It includes 50 multiple-choice questions as well as seven task-based simulations that use real-life work situations to test your skill. Before taking the exam, aspiring CPAs must pass undergraduate and graduate-level classes in accounting, business law, and general studies. Whether you are an a...
Amortizing Premiums and Discounts Financial Accounting When a company issues bonds to generate cash, bonds payable are recorded and listed as a liability on the company’s balance sheet. The investors paid only $900,000 for these bonds in order to earn a higher effective interest rate. Company A re...
Managing client funds and property in trust accounts requires careful attention to detail and strict adherence to ethical standards. Lawyers have a fiduciary duty to act in the best interests of their clients when handling their funds and property, and this duty extends to the management of trust ac...