Which of the Following Is a Criterion That Needs to Be

question 121

Multiple Choice

Which of the following is a criterion that needs to be fulfilled by an individual to be recognized as a certified public accountant?

• A) He or she must serve the Securities and Exchange Commission for at least two years after passing the certified public accountancy examination.
• B) He or she must complete the equivalent of 150 semester hours of college education with a heavy emphasis in accounting and other business-related courses.
• C) He or she must complete at least three years of direct work experience in the field of accounting.
• D) He or she must pass a rigorous five-day, six-part examination.

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Definitions:

Classify

To arrange or organize items into categories based on shared characteristics or criteria.

Perpetual Inventory System

A method of inventory management where updates are made continuously as transactions occur, providing real-time inventory levels.

Selling Price

The price at which goods or services are offered for sale to customers.

Cost

The value of the expenses incurred in the production or acquisition of a good or service, including materials, labor, and overheads.