30 MCQ Deck Ch 1 Topics Flashcards
1
Q
Are legals fees billed or unbilled included in the calc for professional fees expenses?
A
YES
2
Q
When calc the total revenue do we need to include the interest and gain as apart of revenue?
A
Yes it helps us determine the revenue the company has generated
3
Q
When doing the calc for accrual basis pretax income for the year pretax income
A
You can calc it same way to calc the cashflow direct method
4
Q
A
