Wiley CPA Examination Review Outlines And Study Guides Volume 1 - 2012-2013 39th Edition Patrick R. Delaney, O. Ray Whittington - Solutions

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How much ordinary income should Slagle report in his 2012 income tax return on the sale of his partnership interest?a. $0b. $10,000c. $70,000d. $77,000
What was the total amount realized by Slagle on the sale of his partnership interest?a. $67,000b. $70,000c. $77,000d. $87,000
At partnership inception, Black acquires a 50% interest in Decorators Partnership by contributing property with an adjusted basis of $80,000. Black recognizes a gain if I. The fair market value of the contributed property exceeds its adjusted basis.II. The property is encumbered by a mortgage with
Platt owns land that is operated as a parking lot. A shed was erected on the lot for the related transactions with customers.With regard to capital assets and Section 1231 assets, how should these assets be classified?Land Sheda. Capital Capitalb. Section 1231 Capitalc. Capital Section 1231d.
The following information pertains to Wald Corp.’s operations for the year ended December 31, 2011:Worldwide taxable income $300,000 US source taxable income 180,000 US income tax before foreign tax credit 96,000 Foreign nonbusiness-related interest earned 30,000 Foreign income taxes paid on
Spencer, who itemizes deductions, had adjusted gross income of $60,000 in 2011. The following additional information is available for 2011:Cash contribution to church 4, 000 Pu rc ha se of ar to bj ec ta tc hu rc hb az aa r(w it ha fa ir ma rk et va lu eo f800 on the date of purchase) 1,200
Sol and Julia Crane (both age 41) are married, and filed a joint return for 2011. Sol earned a salary of 115, 000 in 2011 fr om hi sj ob at Tr oy Co rp., w he re So li sc ov er ed by hi se mp lo ye r′s pe ns io np la n.I na dd it io n, S ol an dJ ul ia ea rn ed in te re st of 3,000 in 2011 on
Ace Rentals, Inc., an accrual-basis taxpayer, reported rent receivable of 35, 000 an d25,000 in its 2011 and 2010 balance sheets, respectively. During 2011, Ace received 50, 000 in re nt pa ym en ts an d5,000 in nonrefundable rent deposits. In Ace’s 2011 corporate income tax return, what amount
Frank Lanier is a resident of a state that imposes a tax on income. The following information pertaining to Lanier’s state income taxes is available:Taxes withheld in 2012 $3,500 Refund received in 2012 of 2011 tax 400 Deficiency assessed and paid in 2012 for 2010:Tax 600 Interest 100 What amount
Tremont Enterprises, Inc. needed some additional working capital to develop a new product line. It decided to obtain intermediate term financing by giving a second mortgage on its plant and warehouse. Which of the following is true with respect to the mortgages?a. If Tremont defaults on both
Wilmont owned a tract of waterfront property on Big Lake. During Wilmont’s ownership of the land, several frame bungalows were placed on the land by tenants who rented the land from Wilmont. In addition to paying rent, the tenants paid for the maintenance and insurance of the bungalows, repaired,
The shipment did not conform to the contract, in that one of the attachments was not included. Williams immediately notified Kent that he was rejecting the goods. For maximum legal advantage Kent’s most appropriate action is toa. Bring an action for the price less an allowance for the missing
Kent shipped the cameras on March 6, and they were delivered on March
Kent, a wholesale distributor of cameras, entered into a contract with Williams. Williams agreed to purchase 100 cameras with certain optional attachments. The contract was made on March 1, 2009, for delivery by March 15, 2009;terms: 2/10, net
Duval Manufacturing Industries, Inc. orally engaged Harris as one of its district sales managers for an eighteenmonth period commencing April 1, 2009. Harris commenced work on that date and performed his duties in a highly competent manner for several months. On October 1, 2009, the company gave
Which of the following is a part of the social security law?a. A self-employed person must contribute an annual amount that is equal to the combined contributions of an employee and his or her employer.b. Upon the death of an employee prior to his retirement, his estate is entitled to receive the
A debtor will be denied a discharge in bankruptcy if the debtora. Failed to timely list a portion of his debts.b. Unjustifiably failed to preserve his books and records which could have been used to ascertain the debtor’s financial condition.c. Has negligently made preferential transfers to
Rhodes Corp. desired to acquire the common stock of Harris Corp. and engaged Johnson & Co., CPAs, to audit the financial statements of Harris Corp. Johnson failed to discover a significant liability in performing the audit. In a common law action against Johnson, Rhodes at a minimum must provea.
Which of the following is true concerning the rights of shareholders?a. Shareholders have the right to receive dividends when the corporation makes a profit.b. Shareholders have the right to manage the corporation.c. Shareholders have no right to inspect the books and records of the corporation.d.
Three partners have formed a general partnership that they desire to last for several years. They have not agreed to any specified time period. Which of the following is true under the Revised Uniform Partnership Act?a. The partnership agreement is required to be in writing.b. All three partners
Kopel was engaged to prepare Raff’s 2011 federal income tax return. During the tax preparation interview, Raff told Kopel that he paid $3,000 in property taxes in 2011.Actually, Raff’s property taxes amounted to only $600.Based on Raff’s word, Kopel deducted the $3,000 on Raff’s return,
Ross, a calendar-year, cash-basis taxpayer who died in June 2012, was entitled to receive a 10, 000 ac co un ti ng fe et ha th ad no tb ee nc ol le ct ed be fo re th ed at eo fd ea th.T he ex ec ut or of Ro ss′e st at ec ol le ct ed th ef ul l10,000 in July 2012. This $10,000 should appear ina.
When Jim and Nina became engaged in April 2012, Jim gave Nina a ring that had a fair market value of $50,000.After their wedding in July 2012, Jim gave Nina $75,000 in cash so that Nina could have her own bank account. Both Jim and Nina are US citizens. What was the amount of Jim’s 2012 marital
Brooke, Inc., an S corporation, was organized on January 2, 2011, with two equal stockholders who materially participate in the S corporation’s business. Each stockholder invested $5,000 in Brooke’s capital stock, and each loaned 15, 000 to th ec or po ra ti on.B ro ok et he nb or ro we d60,000
Barbaro Corporation’s retained earnings at January 1, 2011, was 600, 000.D ur in g2011 Ba rb ar op ai dc as hd iv id en ds of 150,000 and received a federal income tax refund of 26, 000 as ar es ul to fa nI RS au di to fB ar ba ro′s 2008 ta xr et ur n.B ar ba ro′s ne ti nc om ep er bo ok sf
Finbury Corporation’s taxable income for the year ended December 31, 2011, was 2, 000, 000 on wh ic hi ts ta xl ia bi li ty wa s680,000. In order for Finbury to escape the estimated tax underpayment penalty for the year ending December 31, 2012, Finbury’s 2012 estimated tax payments must equal
If this distribution were in complete liquidation of Reed’s interest in Post, Reed’s basis for the land would bea. $14,000b. $12,500c. $ 5,000d. $ 1,500
If this distribution were nonliquidating, Reed’s recognized gain or loss on the distribution would bea. $11,000 gain.b. $ 9,000 loss.c. $ 1,500 loss.d. $0.
Strom acquired a 25% interest in Ace Partnership by contributing land having an adjusted basis of 16, 000 an da fa ir ma rk et va lu eo f50,000. The land was subject to a$24,000 mortgage, which was assumed by Ace. No other liabilities existed at the time of the contribution. What was Strom’s
Smith, an individual calendar-year taxpayer, purchased 100 shares of Core Co. common stock for 15, 000 on No ve mb er 15, 2011, a nd an ad di ti on al 100 sh ar es fo r13,000 on December 30, 2011. On January 3, 2012, Smith sold the shares purchased on November 15, 2011, for $13,000. What amount of
An accuracy-related penalty applies to the portion of tax underpayment attributable to I. Negligence or a disregard of the tax rules or regulations.II. Any substantial understatement of income tax.a. I only.b. II only.c. Both I and II.d. Neither I nor II.
In 2011, Don Mills, a single taxpayer, had $70,000 in taxable income before personal exemptions. Mills had no tax preferences. His itemized deductions were as follows:State and local income taxes $5,000 Home mortgage interest on loan to acquire residence 6,000 Miscellaneous deductions that exceed
Don Wolf became a general partner in Gata Associates on January 1, 2011, with a 5% interest in Gata’s profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the partnership business.For the year ended December 31, 2011, Gata had an operating
Lee, an attorney, uses the cash receipts and disbursements method of reporting. In 2011, a client gave Lee 500 shares of a listed corporation’s stock in full satisfaction of a 10, 000 le ga lf ee th ec li en to we dt oL ee.T hi ss to ck ha da fa ir ma rk et va lu eo f8,000 on the date it was
Richard Brown, who retired on May 31, 2011, receives a monthly pension benefit of 700 pa ya bl ef or li fe.H is li fe ex pe ct an cy at th ed at eo fr et ir em en ti st en ye ar s.T he fi rs tp en si on ch ec kw as re ce iv ed on Ju ne 15, 2011.D ur in gh is ye ar so fe mp lo ym en t, B ro wn co nt
Purdy purchased real property from Hart and received a warranty deed with full covenants. Recordation of this deed isa. Not necessary if the deed provides that recordation is not required.b. Necessary to vest the purchaser’s legal title to the property conveyed.c. Required primarily for the
On April 14, 2010, Seeley Corp. entered into a written agreement to sell to Boone Corp. 1,200 cartons of certain goods at $.40 per carton, delivery within 30 days. The agreement contained no other terms. On April 15, 2010, Boone and Seeley orally agreed to modify their April 14 agreement so that
Nat purchased a typewriter from Rob. Rob is not in the business of selling typewriters. Rob tendered delivery of the typewriter after receiving payment in full from Nat. Nat informed Rob that he was unable to take possession of the typewriter at that time, but would return later that day. Before
Regulation D of the Securities Act of 1933 is available to issuers without regard to the dollar amount of an offering only when thea. Purchasers are all accredited investors.b. Number of purchasers who are nonaccredited is thirty-five or less.c. Issuer is not a reporting company under the
Mathews is an agent for Sears with the express authority to solicit orders from customers in a geographic area assigned by Sears. Mathews has no authority to grant discounts or to collect payment on orders solicited. Mathews secured an order from Davidson for 1, 000 le ss a10 900 and, thereafter,
If a stockholder sues a CPA for common law fraud based on false statements contained in the financial statements audited by the CPA, which of the following, if present, would be the CPA’s best defense?a. The stockholder lacks privity to sue.b. The false statements were immaterial.c. The CPA did
The Apex Surety Company wrote a general fidelity bond covering defalcations by the employees of Watson, Inc. Thereafter, Grand, an employee of Watson, embezzled$18,900 of company funds. When his activities were discovered, Apex paid Watson the full amount in accordance with the terms of the
CPAs must be concerned with their responsibilities in the performance of professional services. In performing an audit, a CPAa. Is strictly liable for failure to exercise due professional care.b. Is strictly liable for failure to detect management fraud.c. Is not liable unless the CPA is found to
Able, Bray, and Carry form a general partnership to produce and sell widgets. Able is a CPA, Bray has an MBA, and Carry has few skills. In their partnership agreement, they decide to split any profits they have in the following respective proportions: 45%, 45%, and 10%. They fail to agree on how
The fiscal 2009 year-end accumulated depreciation balance, using the double-declining balance method wasa. $12,000b. $16,000c. $25,600d. $32,000
The 2010 depreciation expense for the vehicle using the sum-of-the-years’ digits (SYD) method wasa. $ 6,000b. $ 8,000c. $10,000d. $13,333
Rouge Corporation prepares consolidated financial statements in accordance with International Financial Reporting Standards. Rouge has four subsidiaries, and it is considering excluding one of the subsidiaries from consolidation. Which of the following conditions are required for Rouge to exclude
According to ASC Topic 250, Accounting Changes and Error Corrections, a change in the liability for warranty costs requiresa. Presenting prior period financial statements as previously reported.b. Presenting the effect of pro forma data on income and earnings per share for all prior periods
Which of the following is true about accounting for leases under IFRS?a. All leases are treated as capital leases.b. All leases are treated as operating leases.c. When land and building are leased, elements of the lease are considered separately in accounting for the lease.d. Operating leases are
On January 1, 2010, Harry Corporation sold equipment costing $2,000,000 with accumulated depreciation of 500, 000 to An na Co rp or at io n, i ts wh ol ly ow ne ds ub si di ar y, f or 1,800,000. Harry was depreciating the equipment on the straight-line method over twenty years with no salvage
Greene Company bought a patent from White Company on January 1, 2010, for 102, 000.A ni nd ep en de nt re se ar ch co ns ul ta nt re ta in ed by Gr ee ne es ti ma te dt ha tt he re ma in in gu se fu ll if eo ft he pa te nt wa sf ou ry ea rs.I ts re ma in in gl eg al li fe wa ss ix ye ar s.I ts un
On January 1, 2010, Mann Company’s allowance for doubtful accounts had a credit balance of 30, 000.D ur in g2010 Ma nn ch ar ge d64,000 to doubtful accounts expense, wrote off 46, 000 of un co ll ec ti bl ea cc ou nt sr ec ei va bl e, a nd un ex pe ct ed ly re co ve re d12,000 of bad debts
Greg Corp. reported revenue of $1,250,000 in its accrual-basis income statement for the year ended June 30, 2010. Additional information was as follows:Accounts receivable June 30, 2009 $400,000 Accounts receivable June 30, 2010 530,000 Uncollectible accounts written off during the fiscal year
Warrants exercisable at 20 ea ch to ob ta in 10, 000 sh ar es of co mm on st oc kw er eo ut st an di ng du ri ng ap er io dw he nt he av er ag em ar ke tp ri ce of th ec om mo ns to ck wa s25. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted
The following information is available for Cooke Company for 2010:Net sales $1,800,000 Freight-in 45,000 Purchase discounts 25,000 Ending inventory 120,000 The gross margin is 40% of net sales. What is an estimate of cost of goods available for sale?a. $ 840,000b. $ 960,000c. $1,200,000d. $1,220,000
During the course of your audit of the financial statements of H Co., a new client, for the year ended December 31, 2010, you discover the following:• Inventory at January 1, 2010, had been overstated by$3,000.• Inventory at December 31, 2010, was understated by$5,000.• An insurance policy
In January 2010 Bell Company exchanged an old machine, with a book value of $39,000 and a fair value of 35, 000, a nd pa id 10,000 cash for a similar used machine having a list price of $50,000. The transaction has commercial substance. At what amount should the machine acquired in the exchange be
Kay Company, a lessor of office machines, purchased a new machine for $600,000 on January 1, 2010, which was leased the same day to Lee. The machine will be depreciated$55,000 per year. The lease is for a four-year period expiring January 1, 2014, and provides for annual rental payments of$100,000
Howard Co. incurred research and development costs in 2010 as follows:Materials used in research and development projects $ 400,000 Equipment acquired that will have alternate future uses in future research and development projects 2,000,000 Depreciation for 2010 on above equipment 500,000
On July 1, 2010, Jasmine Corporation borrowed 30, 000 fr om th eb an ko na 5−y ea rn ot e.O nJ ul y5, J as mi ne us ed th em on ey as ad ow np ay me nt to bu ye qu ip me nt co st in g50,000.On the statement of cash flows for the year ending December 31, 2010, how should Jasmine disclose the July
Walker, Inc., a US corporation, ordered a machine from Nippon Corporation of Japan on July 15, 2010, for 1,000,000 yen when the spot rate for yen was 95 yen to the US dollar.Nippon shipped the machine on September 1, 2010, and billed Walker for 1,000,000 yen. The spot rate was 97 yen to the US
The books of Curtis Company for the year ended December 31, 2010, showed income of $360,000 before provision for income tax. In computing the taxable income for federal income tax purposes, the following differences were taken into account:Depreciation deducted for tax purposes in excess of
Lee Corporation’s checkbook balance on December 31, 2010, was $4,000. In addition, Lee held the following items in its safe on December 31:Check payable to Lee Corporation, dated January 2, 2011, not included in December 31 checkbook balance $1,000 Check payable to Lee Corporation, deposited
A gain on the sale of a marketable equity security from the available-for-sale portfolio should be presented in a statement of cash flows in which the operating section is prepared using the direct method as a(n)a. Inflow of cash under investing activities only.b. Deduction from net income under
How is compensation expense measured by public entities for share-based payments classified as equity-based payments?a. Use the normal hourly rate of the employees.b. Measure the intrinsic value of options difference between market price and exercise price at measurement date.c. Measure the fair
In calculating the carrying amount of a loan, the lender deducts from the principal Direct loan origination costs incurred by the lender Loan origination fees charged to the borrowera. Yes Yesb. Yes Noc. No Yesd. No No
In accounting for a long-term construction contract using the percentage-of-completion method, the amount of income recognized in any year would be added toa. Deferred revenues.b. Progress billings on contracts.c. Construction in progress.d. Property, plant, and equipment.
If financial assets are exchanged for cash or other consideration, but the transfer does not meet the criteria for a sale, the transferor should account for the transaction as a Secured borrowing Pledge of collaterala. No Yesb. Yes Yesc. Yes Nod. No No
If inventory levels are stable or increasing, an argument that is not in favor of the LIFO method as compared to FIFO isa. Income taxes tend to be reduced in periods of rising prices.b. Cost of goods sold tends to be stated at approximately current cost in the income statement.c. Cost assignments
Forkin Manor, a nongovernmental not-for-profit organization, is interested in having its financial statements reformatted using terminology that is more readily associated with for-profit entities. The director believes that the term “operating profit” and the practice of segregating recurring
Nox City reported a $25,000 net increase in the fund balances for total governmental funds. Nox also reported an increase in net assets for the following funds:Motor pool internal service fund $ 9,000 Water enterprise fund 12,000 Employee pension fund 7,000 The motor pool internal service fund
According to GASB 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, certain budgetary schedules are required supplementary information. What is the minimum budgetary information required to be reported in those schedules?a. A schedule of
The statement of activities of the government-wide financial statements is designed primarily to provide information to assess which of the following?a. Operational accountability.b. Financial accountability.c. Fiscal accountability.d. Functional accountability.
Wildlife Fund, a private not-for-profit organization, received contributions restricted for research totaling 1, 000, 000 in 2009.N on eo ft he co nt ri bu ti on sw er es pe nt in 2009.I n2010, 650,000 of the contributions were used to support the research activities of the organization. The net
Milan Corporation prepares its financial statements in accordance with IFRS. Milan acquires 80% of the stock of Petri Corporation in a transaction that qualifies as a business acquisition. At what amount should Milan record the noncontrolling interest in Petri in its consolidated financial
Which of the following is not true about the presentation of financial statements under IFRS?a. A separate statement of comprehensive income and statement of changes in equity is required.b. The LIFO cost flow assumption is not allowed for inventories.c. Presentation of extraordinary items is
On December 1, the company shoulda. Make no accounting entry.b. Debit retained earnings for $45,000.c. Debit retained earnings for $55,000.d. Debit retained earnings for $50,000.
On December 1, Charles Company’s board of directors declared a cash dividend of $1.00 per share on the 50,000 shares of common stock outstanding. The company also has 5,000 shares of treasury stock. Shareholders of record on December 15 are eligible for the dividend, which is to be paid on January
A change from the sum-of-the-years’ digits depreciation method to the straight-line depreciation method is accounted for as a(n)a. Accounting estimate change.b. Accounting principle change.c. Error correction.d. Prior period adjustment.
The impairment rules for long-lived assets apply to all of the following except:a. Buildings currently used in the business.b. Financial instruments.c. Land.d. Minicomputers used to run a production process.
A not-for-profit organization receives 1, 000 fr om ad on or.T he do no rr ec ei ve st wo ti ck et st od in ne rw it ha fa ir ma rk et va lu eo f150. What amount should be recorded as contribution revenue?a. $0b. $ 150c. $ 850d. $1,000
Cicci and Arias are partners who share profits and losses in the ratio of 7:3, respectively. On October 5, 2010, their respective capital accounts were as follows:Cicci 35, 000 Ar ia s30, 000 To ta l65,000 On that date they agreed to admit Soto as a partner with a one-third interest in the capital
On December 1, 2010, Poplar, Inc. purchased for cash at 18 pe rs ha re al l200, 000 sh ar es of th eo ut st an di ng co mm on st oc ko fS pr uc eC o.A tD ec em be r1, 2010, S pr uc e′s ba la nc es he et sh ow ed ac ar ry in ga mo un to fn et as se ts of 3,200,000.The carrying amounts are equal to
On January 1, 2007, Green Company purchased a machine for 800, 000 an de st ab li sh ed an an nu al de pr ec ia ti on ch ar ge of 100,000 over an eight-year life. During 2010, after issuance of the 2009 financial statements, Green applied the recoverability test to the machine and concluded
At December 31, 2010, Arno Beauticians had 1,000 gift certificates outstanding that had been sold to customers during 2010 for $75 each. Arno operates on a gross margin of 60%. How much revenue pertaining to the 1,000 outstanding gift certificates should be deferred at December 31, 2010?a. $0b.
The balance in Ashwood Company’s accounts payable account at December 31, 2010, was $900,000 before any necessary year-end adjustment relating to the following:• Goods were in transit from a vendor to Ashwood on December 31, 2010. The invoice cost was $50,000, and the goods were shipped FOB
West Company determined that it has an obligation relating to employees’ rights to receive compensation for future absences attributable to employees’ services already rendered. The obligation relates to rights that vest, and payment of the compensation is probable. The amounts of West’s
On July 1, 2010, Diamond, Inc. paid 1, 000, 000 fo r100, 000 sh ar es(40 2,500,000 and the fair values of all of Ashley’s identifiable assets and liabilities were equal to their book values. Ashley reported net income of 500, 000 fo rt he ye ar en de dD ec em be r31, 2010, o fw hi ch 300,000 was
Included in Kerr Corporation’s liability account balances at December 31, 2010, were the following:14% note payable issued October 1, 2010, maturing September 30, 2011 $250,000 16% note payable issued April 1, 2008, payable in 6 equal annual installments of$100,000 beginning April 1, 2009 400,000
Tapscott, Inc., is indebted to Bush Finance Company under a $600,000, 10%, five-year note dated January 1, 2008.Interest, payable annually on December 31, was paid on the December 31, 2008 and 2009 due dates. However, during 2010 Tapscott experienced severe financial difficulties and is likely to
On May 1, 2010, the board of directors of Edgewood, Inc. approved a plan to sell its electronic component. The plan met the criteria to classify the component as “held for sale.” During 2010 the component had a loss from operations of 500, 000.I na dd it io n, t he ca rr yi ng va lu eo ft he co
Kenny Company, a publicly traded company, adopted a defined benefit pension plan on January 1, 2009. The following data are available at December 31, 2010:Pension expense 2010 103, 000 Pe ns io nf un di ng 2010 90, 000 Fa ir va lu eo fp la na ss et s12/31/10 225, 000 Ac cu mu la te dp en si on ob
On December 30, 2009, Future, Incorporated paid 2, 000, 000 fo rl an d.A tD ec em be r31, 2010, t he cu rr en tv al ue of th el an dw as 2,200,000. In January 2011, the land was sold for $2,250,000. Ignoring income taxes, by what amount should stockholders’ equity be increased for 2010 and 2011
A review of the December 31, 2010 financial statements of Rhur Corporation revealed that under the caption “extraordinary losses,” Rhur reported a total of 260, 000.F ur th er an al ys is re ve al ed th at th e260,000 in losses was comprised of the following items:• Rhur recorded a loss of
For interim financial reporting, an inventory loss from a market decline in the second quarter that is not expected to be restored in the fiscal year should be recognized as a lossa. In the fourth quarter.b. Proportionately in each of the second, third, and fourth quarters.c. Proportionately in
On January 2, 2008, a company established a sinking fund in connection with an issue of bonds due in 2015. At December 31, 2010, the independent trustee held cash in the sinking fund account representing the annual deposits to the fund and the interest earned on those deposits. How should the
In computing basic earnings per share, a company would include which of the following?a. Dividends on nonconvertible cumulative preferred stock.b. Dividends on common stock.c. Interest on convertible bonds.d. Number of shares of nonconvertible cumulative preferred stock.
When the allowance method of recognizing bad debt expense is used, the allowance for doubtful accounts would decrease when a(n)a. Specified account receivable is collected.b. Account previously written off is collected.c. Account previously written off becomes collectible.d. Specific uncollectible
When treasury stock is purchased for cash at more than its par value, what is the effect on total stockholders’ equity under each of the following methods?Cost method Par value methoda. Increase Increaseb. Decrease Decreasec. No effect Decreased. No effect No effect
In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows fora. Operating activities.b. Borrowing activities.c. Lending activities.d. Financing activities.

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Wiley CPA Examination Review Outlines And Study Guides Volume 1 - 2012-2013 39th Edition Patrick R. Delaney, O. Ray Whittington - Solutions

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