1. An example of a class of transaction is which of the follwoing:

a. Inventory

b. Purchase orders

c. Cash

d. Mortgage payable

e. Common Stock

2. which of the following issues the cpa license to an individual who satisfies all the legal requirements

a. United States federal governments

b. State of Oklahoma

c. County of Oklahoma

d. Oklahoma City

e. American institues of certified public accountants

3. The audit risk model expressed as an equation is which one of the following:

a. Audit risk= control risk + inherit risk + fraud risk

b. AR = CR + IR + DR

c. AR = CR - IR +DR

d. Audit risk = control risk + inherit risk + fraud risk

e. Audit risk = control risk + iherit risk + material misstatement risk