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NEW QUESTION: 1

A. Option C
B. Option E
C. Option D
D. Option B
E. Option A
Answer: A,D,E

NEW QUESTION: 2
Every year, the accounts payable employee, Ann, takes a week off work for a vacation. She typically completes her responsibilities remotely during this week. Which of the following policies, when implemented, would allow the company to audit this employee's work and potentially discover improprieties?
A. Separation of duties
B. Mandatory vacations
C. Least privilege
D. Job rotation
Answer: D

NEW QUESTION: 3
Ocean Corp.'s comprehensive insurance policy allows its assets to be replaced at current value. The policy has a $50,000 deductible clause. One of Ocean's waterfront warehouses was destroyed in a winter storm. Such storms occur approximately every four years. Ocean incurred $20,000 of costs in dismantling the warehouse and plans to replace it. The tax rate is 30%. The following data relate to the warehouse:
Current carrying amount $ 300,000
Replacement cost 1,100,000
What amount of gain should Ocean report as a separate component of income before extraordinary items?
A. $780,000
B. $1,030,000
C. $730,000
D. $0
Answer: C

NEW QUESTION: 4

A. Option C
B. Option D
C. Option B
D. Option A
Answer: D


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CESP Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CESP Exam.

CESP Exam Topics

Review the CESP especially if you are on a recertification. Make sure you are still on the same page with what APSE wants from you.

CESP Offcial Page

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Check what resources you have available for studying.

Schedule the CESP Exam

Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.