This practice exam can be taken as many times as needed to feel confident and prepared for the Clean Up Exam.
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If your client suddenly remembers a business line of credit as you are reviewing the final reports with them, what do you do?CorrectIncorrect
You need last year’s tax return from the client’s tax preparer, what should you do?CorrectIncorrect
If you are not able to finish the cleanup on time because your child was sick for a week, what should you do?CorrectIncorrect
What is the best way to collect the documents needed for accurately completing a clean up?CorrectIncorrect
How does conducting a physical inventory count help you during a cleanup?CorrectIncorrect
What documentation could you need for cleaning up cash? (Select all that apply.)CorrectIncorrect
What do you need to do to clean up the depreciation expense account? (Select all that apply.)CorrectIncorrect
If you have all the original purchase documents for prepaid assets, you do NOT need to create a prepaid asset schedule to track the monthly adjustments.CorrectIncorrect
How can you confirm that notes payable is cleaned up?CorrectIncorrect
What does checking the business search website for your client’s location NOT tell you?CorrectIncorrect