CPA Exam vocabulary Exam Questions
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Passed! (Complete & Accurate)
Partnership agreement is controlling - ANS ✓means that standard
partnership price apply unless otherwise stated in the p/s agreement
Flight of partnership interest - ANS ✓1. We first to write to share in P/L
and return of contribute a shin on dissolution
2. Partnership right is considered personal property
3. Interest meaning rights to use p/s property for p/s purposes
4. Is assignable w/o other partners consent
Ascertain - ANS ✓find out learn or determine with certainty usually by
making an inquiry or other efforts
Caveat - ANS ✓a warning against certain acts
Corroborate - ANS ✓establish your strengths and as with new evidence or
that
Defalcation - ANS ✓The fraudulent appropriation of funds are property
entrusted to your care but actually owned by someone else
Stratify - ANS ✓device ID into social classes or castes
CPA Exam vocabulary
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