Accountant, Level 1 & 2 Tax

1

Let us know the email you used when applying for the Accountant position?* This field is required.

example@example.com

2

Which of the following is not a core financial statement?

Income Statement

Statement of Cash Flows

Trial Balance

Balance Sheet

3

Which form of income statement is not standard?

Common Sized

Condensed

They are all standard

Single Step

4

Which of the following is true?

Accounts receivable are found in the current asset section of a balance sheet.

Accounts receivable are generated when a customer makes a payment

Accounts receivable increase by credits

Accounts receivable increase in value over time

5

How are a company's financial statements used?

For internal analysis

Non-disclosure bound discussion

Compliance

All are correct

6

Which is the method of depreciation used for US tax returns that is not GAAP compliant?

Straight-Line

Double-declining

Modified accelerated

Units of production

7

Are assets on a balance sheet recorded at their estimated fair market value?

Yes

No

Sometimes