All of the following regarding a Certified Public Accountant are true except: A. Must pass an examination. B. Cannot hold any certificate other than a CPA. C. Must meet education and experience requirements. D. Must exhibit ethical character. E. May also be a Certified Management Accountant. Ethical behavior requires that: A. Auditors invest in businesses they audit. B. Analysts report information favorable to their companies. C. Managers use accounting information to benefit themselves. D. Auditors' pay depends on the success of the client's business. E. Auditors' pay not depend on the success of the client's business. The rule that requires a company to record the expenses it incurred to generate the revenue reported. A. Business entity assumption. B. Cost principle. C. Objectivity principle. D. Going-concern assumption. E. Matching principle. The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: A. Cost Principle. B. Going-concern assumption. C. Objectivity principle. D. Monetary unit assumption. E. Business entity assumption. A corporation is: A. Controlled by the FASB. B. A business legally separate from its owners. C. Not responsible for its own acts and own debts. D. Not subject to double taxation. E. The same as a limited liability partnership. The accounting principle that requires accounting information to be based on the cash or cash-equivalent amount given in the exchange, is the: A. Accounting equation. B. Cost principle. C. Realization principle. D. Business entity assumption. E. Going-concern assumption