Which Type of Accountant Typically Practices as an Individual or as a Member

question 80

Multiple Choice

Which type of accountant typically practices as an individual or as a member of a public accounting firm?

• A) Certified Public Accountant
• B) Certified Payroll Professional
• C) Certified Internal Auditor
• D) Certified Management Accountant

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Definitions:

Capital Contribution

Money, property, or other assets contributed to a company or partnership by its owners or partners to support its operations.

Limited Partner

An investor in a limited partnership who is not involved in daily business operations and whose liability is limited to the amount they invested in the partnership.

General Partners

Individuals who participate in the management of a partnership and have unlimited liability for its debts.

Securities Fraud

A type of serious white-collar crime that involves deceiving investors or manipulating financial markets.