Free AICPA AICPA-CPA Exam Questions

Select all that apply: When applying the revenue test to determine if a segment is a reportable segment, the segment's revenues are compared to the total for the entity. Which of the following revenue items should be included in the revenue calculation?

The target capital structure of Cerberus Co. is 50% debt, 10% preferred equity, and 40% common equity. The interest rate on debt is 8%, the yield on the preferred is 10%, the cost of common equity is 12%, and the tax rate is 40%. Cerberus does not anticipate issuing any new stock. What is Cerberus' weighted-average cost of capital?

Which of the following would be considered corroborative evidence?

Emergent Corporation plans to revise its information system. Its design staff is undertaking a system survey. The most likely data- gathering techniques the design staff will use include interviews, questionnaires, observations, and

Select all that apply: When applying the revenue test to determine if a segment is a reportable segment, the segment's revenues are compared to the total for the entity. Which of the following revenue items should be included in the revenue calculation?