3. Ellis Jones recently recieved his PhD in accounting and joined the faculty of James Madison University. Ellis will likely join the...

A. AAA B. FASB C. SEC D. CASB

5. Jane Ellis recently completed the tax return for amber corporation and sent it to the RS. This is an example of

A. Tax Accounting B. Managerial Accounting C. Financial Accounting D. None of the Above

6. The SEC is a subsidiary of...

A. FASB B. AAA C. IMA D. None of the Above

7. Prepaid items over a period longer than one year should be classified as...

A. Current Assets B. Noncurrent Assets C. Owners' equity D. None of the Above

9. The statement that shows the amount of dollars retained and invested in the company's operation is the...

A. Balance Sheet B. Income Statement C. Statement of retained earnings D. None of the Above