Which Is Not a Permitted Form of Organization for a CPA

question 56

Multiple Choice

Which is not a permitted form of organization for a CPA practice?

• A) Sole proprietorship with name of sole proprietor
• B) Limited liability partnership
• C) Professional corporation
• D) Corporation

Assess investments by calculating annual net cash inflows required to achieve financial attractiveness.

Understand the impact of tangible and intangible benefits on investment decisions.

Compare investment opportunities to identify the most financially viable options.

Apply discount rates appropriately in the calculation of NPV and IRR.

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Definitions:

Venn Diagram

A diagrammatic representation used to show all possible logical relations between a finite collection of different sets.

Venn Diagram

A diagram that shows all possible logical relations between a finite collection of different sets by using overlapping circles or other shapes.

Premises

Statements or propositions from which conclusions are logically derived in arguments.

Conclusion

Conclusion refers to the end or finish of an event, process, or text, often summarizing the main points or deducing a final decision.