The Private Securities Litigation Reform Act of 1995 Imposes Proportionate

question 15

Multiple Choice

The Private Securities Litigation Reform Act of 1995 imposes proportionate liability on the CPA who:

• A)Unknowingly violates the 1934 Securities Exchange Act.
• B)Knowingly or unknowingly violates the 1934 Securities Exchange Act.
• C)Unknowingly violates the 1933 Securities Act.
• D)Knowingly or unknowingly violates the 1933 Securities Act.

Understand the factors that affect the amount of federal income tax withheld from employee pay including withholding allowances.

Learn about the preparation and importance of payroll records like the payroll register and employee earnings reports.

Comprehend the criteria and accounting treatment for contingent liabilities.

Gain a thorough understanding of liabilities including known, estimated, and contingent liabilities, and the recognition criteria for each.