A CPA Usually Charges $3,000 to Prepare a Corporate Income

question 35

Multiple Choice

A CPA usually charges $3,000 to prepare a corporate income tax return,including all supplemental schedules.This CPA has agreed to charge the CFO of a mid-size corporation only $10 to prepare the CPA's personal tax return and $5,000 to prepare the corporation's tax return.This CPA:

• A) Is engaged in moral licensing
• B) Has an accountant-client conflict of interest
• C) Has a dual-client conflict of interest
• D) Is not acting with integrity

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Definitions:

SAS Software

A software suite developed by SAS Institute Inc. for advanced analytics, multivariate analysis, business intelligence, data management, and predictive analytics.

Highest Education Level

The maximum level of formal education successfully completed by an individual.

College Graduates

People who have successfully graduated from a higher education institution such as a college or university.

Downtown Washington

The central business, culture, and political area of Washington, D.C., including landmarks like the White House and the Capitol.