We can guarantee that you can pass the AICPA BEC Practice Materials exam the first time. If you buy the goods of Omgzlook, then you always be able to get newer and more accurate test information. The coverage of the products of Omgzlook is very broad. What's more, what make you be rest assured most is that we develop the exam software which will help more candidates get BEC Practice Materials exam certification. What we provide for you is the latest and comprehensive BEC Practice Materials exam dumps, the safest purchase guarantee and the immediate update of BEC Practice Materials exam software. How do you want to prove your ability? More and more people prove themselves by taking IT certification exam.
AICPA Certification BEC The empty promise is not enough.
AICPA Certification BEC Practice Materials - CPA Business Environment and Concepts What's more, Omgzlook exam dumps can guarantee 100% pass your exam. With the pdf papers, you can write and make notes as you like, which is very convenient for memory. We can ensure you pass with AICPA study torrent at first time.
For example like AICPA BEC Practice Materials certification exam, it is a very valuable examination, which must help you realize your wishes. Working in IT field, you definitely want to prove your ability by passing IT certification test. Moreover, the colleagues and the friends with IT certificate have been growing.
You can must success in the AICPA BEC Practice Materials real test.
It is the best choice to accelerate your career by getting qualified by BEC Practice Materials certification. Omgzlook provides the most updated and accurate BEC Practice Materials study pdf for clearing your actual test. The quality of BEC Practice Materials practice training torrent is checked by our professional experts. The high pass rate and high hit rate of AICPA pdf vce can ensure you 100% pass in the first attempt. What’s more, if you fail the BEC Practice Materials test unfortunately, we will give you full refund without any hesitation.
As long as you are willing to exercise on a regular basis, the BEC Practice Materials exam will be a piece of cake, because what our BEC Practice Materials practice materials include is quintessential points about the exam. And our high pass rate as 98% to 100% are all proved data form our customers who had attended the BEC Practice Materials exam and got their success with the help of our BEC Practice Materials study dumps.
BEC PDF DEMO:
QUESTION NO: 1
Lisa is a limited partner in a limited partnership. Jen, one of the other limited partners, is seeking to sell
her interest in the partnership to Karen and allow Karen to become a new limited partner. Which of the
following statements is true?
A. Lisa may engage in the management of the limited partnership without losing her limited liability.
B. Jen may transfer her interest and make Karen a new limited partner without the approval of the other partners.
C. Jen may withdraw from the limited partnership without giving notice to the partnership.
D. Lisa has a right to vote on the transferring of interest to and admission of Karen as a limited partner.
Answer: D
Explanation:
Choice "d" is correct. Limited partners have the right to vote on the transfer of interest and admission of a
new partner. Admission of a new partner requires unanimous consent. Choice "a" is incorrect. A limited
partner who acts as a general partner loses her limited liability status to those she acted as a general partner towards. Choice "b" is incorrect. Partners can freely transfer their interests in profits and losses to
third parties, but the third party cannot become a limited partner without the unanimous consent of the
other partners.
Choice "c" is incorrect. Limited partners must give 6 months notice of withdrawal in absence of an agreement to the contrary.
QUESTION NO: 2
The use of an accelerated method instead of the straight-line method of depreciation in computing the net
present value of a project has the effect of:
A. Raising the hurdle rate necessary to justify the project.
B. Lowering the net present value of the project.
C. Increasing the present value of the depreciation tax shield.
D. Increasing the cash outflows at the initial point of the project.
Answer: C
Explanation:
Rule: The greater the depreciation expense, the greater the depreciation tax shield.
Deprecation Tax Shield =
Depreciation Expense * Marginal Tax Rate
Choice "c" is correct. Use of an accelerated method instead of the straight-line method of depreciation in
computing the NPV of a project has the effect of increasing the PV of the deprecation tax shield.
Choice "a" is incorrect. Depreciation method does not affect the hurdle rate. The hurdle rate is independently selected by management.
Choice "b" is incorrect. Using an accelerated method instead of the straight-line method of depreciation
will increase the present value of the deprecation tax shield and therefore increase the net present value
of the project.
Choice "d" is incorrect. Depreciation method does not affect cash outflows at the initial point of the project.
QUESTION NO: 3
The theory underlying the cost of capital is primarily concerned with the cost of:
A. Long-term funds and old funds.
B. Short-term funds and new funds.
C. Long-term funds and new funds.
D. Any combination of old or new, short-term or long-term funds.
Answer: D
Explanation:
Choice "d" is correct. The cost of capital considers the cost of all funds - whether they are short-term, long-term, new or old.
Choices "a", "b", and "c" are incorrect, per above.
QUESTION NO: 4
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000.
For the year ended December 31, 1993, ACH Associates had profits of $60,000 that were distributed to
the partners. During 1994, ACH Associates was operating at a loss. In September 1994, the partnership
dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners.
ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the partnership and the individual partners.
Determine whether (A) or (B) is correct. Select the answer that corresponds to the correct statement.
A. ACH Associates and Hook would be the only parties liable to pay any judgment recovered by Ace
Automobile Co.
B. Anchor, Chain, and Hook would be jointly and severally liable to pay any judgment recovered by
Ace
Automobile Co.
Answer: B
Explanation:
Choice "b" is correct. Since Ace brought suit against both the partnership and the individual partners, if
judgment is rendered against the partnership, all partners could be held jointly and severally liable.
QUESTION NO: 5
Which one of the following is not a characteristic of a negotiable certificate of deposit?
Negotiable
certificates of deposit:
A. Have a secondary market for investors.
B. Are regulated by the Federal Reserve System.
C. Are usually sold in denominations of a minimum of $100,000.
D. Have yields considerably greater than bankers' acceptances and commercial paper.
Answer: D
Explanation:
Choice "d" is correct. Negotiable CDs generally carry interest rates slightly lower than bankers' acceptances (which are drafts drawn on deposits at a bank) or commercial paper (which is unsecured debt issued by credit worthy customers).
Choice "a" is incorrect. Negotiable CDs have a formal secondary market.
Choice "b" is incorrect. Negotiable CDs are a product of the banking industry, which is regulated by the
Federal Reserve Board.
Choice "c" is incorrect. Negotiable CDs are usually sold in denominations of a minimum of $100,000.
Databricks Databricks-Certified-Professional-Data-Engineer - The promotion is regular, so please hurry up to get the most cost-effective AICPA prep exam dumps. On the other hand, Software version of our Amazon DOP-C02 practice questions is also welcomed by customers, especially for windows users. How to improve your IT ability and increase professional IT knowledge of HP HPE6-A85 real exam in a short time? Obtaining valid training materials will accelerate the way of passing HP HPE6-A85 actual test in your first attempt. In the course of your study, the test engine of Microsoft AZ-800 actual exam will be convenient to strengthen the weaknesses in the learning process. EMC D-NWR-DY-23 - Just add it to your cart.
Updated: May 26, 2022