Under Rule 505, Form of Organization and Name, a CPA

question 17

True/False

Under Rule 505, Form of Organization and Name, a CPA firm may not designate itself as "Members of the American Institute of Certified Public Accountants" unless a majority of its owners are members of the Institute.

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Definitions:

Shen Zhou

A prominent Chinese painter during the Ming Dynasty, known for his landscape paintings and contribution to the Wu School of painting.

Lofty Mount Lu

A renowned mountain located in Jiangxi Province, China, famous for its natural beauty, cultural history, and prominence in Chinese poetry and painting.

Southern School

In Chinese painting, it refers to a school or style focused on more expressive, spontaneous techniques, emphasizing the spiritual and emotional aspects of art, distinguished from the more formal Northern School.

Imperial Palace

The official residence of an emperor or empress, often grandiose and lavishly decorated, symbolizing the sovereign's power and status.