1. NON- CURRENT ASSETS INCLUDE:

A) OTHER LONG TERM ASSETS

B) INVENTORY

C) CASH

D) ACCOUNTS RECEIVABLE

E) INTANGIBLE ASSETS

F) PREPAID EXPENSES

G) PROPERTY PLANT AND EQUIPMENT

H) GOODWILL

I) SHORT TERM INVESTMENT

2. WHICH OF THE FOLLOWING SHOULD BE CONSIDERED AS UNUSUAL OF INFREQUENT ITEMS

A) BITCOIN TRADING GAINS AND LOSSES FOR A CAR MANUFACTURER

B) INCREASE IN INTEREST EXPENSE AS A RESULT OF HIKE IN INTEREST RATES BY THE FEDERAL RESERVE

C) "KITCHEN SINK" OR "BIG BATH" CHARGES AS RESULT OF NEW MANAGEMENT COMING IN

D) EARNINGS FROM EQUITY INVESTMENT IN AFFILIATES

E) INCOME TAX GAIN DUE TO THE DISPOSITION OF PREFERRED STOCK

F) GAINS AND LOSSES ON DEBT REPAYMENT

3. WHICH OF THE ESTIMATES ARE SUSCEPTIBLE TO MANIPULATION

A) CASH BALANCE AT YEAR END

B) SALES RETURNS AND ALLOWANCES

C) ALLOWANCXE FOR UNCOLLECTIBLE ACCOUNTS

D) ACCOUNTS PAYABLE BALANCE

E) DIVIDENDS PAYABLE

4. WHICH OF THE FOLLOWING SHOULD HAVE THE HIGHEST CORRECTION TO SALES GROWTH

A) TAX EXPENSE

B) COST OF GOODS SOLD

C) SELLING GENERAL AND ADMINISTRATIVE

D) DEPRECIATION

E)INCOME FROM DISCONTINUED OPERATIONS

F) INTEREST EXPENSE

5. WHICH OF THE FOLLOWING ID TRUE REGARDING THE ANALYSIS OF ACCOUNTS RECEIVABLE?

A) AN INCREASE IN THE ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS SIGNALS THAT MANAGEMENT BELIEVES IN HIGHER LIKELIHOOD THAT CUSTOMERS MAY NOT PAY THEIR BILLS

B) A DECREASE IN ACCOUNTS RECEIVABLE AS A % OF SALES IMPLIES A HIGHER PERCENTAGE OF SALES IN CASH OR THAT CUSTOMERS ARE PAYING EARLIER

C) THE PROVISION AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS IS AN ESTIMATE THAT CAN BE USED BY MANAGEMENT TO MANAGE EARNINGS

D) A DECREASE IN ACCOUNTS RECEIVABLE AS A % OF SALES IS A POTENTIAL SIGN OF MANAGEMENT " STUFFING THE CHANNEL"