1. Which of the following skills do accountants need?

   1. Accountants need to be skilled speakers.
   2. Accountants need to be critical thinkers with good decision-making skills.
   3. Accountants need to have experience in all functions of business.
   4. Accountants need the skills of Certificated Public Bookkeepers.

   2. Which of these groups was involved in developing the study Charting a National Strategy for the Next Generation of Accountants?

   1. Pathways Commission
   2. American Institute of Certified Public Accountants
   3. American Accounting Association
   4. all of these

   3) Which of the following is subtracted from gross profit to reach operating income

   1. programming and production and expenses
   2. amortization expenses
   3. depreciation expenses
   4. selling, administrative revenue, and manufacturing costs

1. How is gross profit for a merchandise business determined?

   1. sales minus cost of goods sold
   2. gross profit minus operating income
   3. sales revenue plus depreciation expense
   4. operating income plus sales

   3. Which of the following is subtracted from gross profit to reach operating income?

   1. programming and production and expenses
   2. amortization expenses
   3. depreciation expenses
   4. selling, administrative revenue, and manufacturing costs