VIP Exclusive
ABA Accredited Business Accountant VIP Practice Exam
ABA — The Accredited Business Accountant (ABA) credential is issued by the Accreditation Council for Accountancy and Taxation (ACAT). The comprehensive exam covers Financial Accounting and Reporting, Income Tax (Individual and Business), Business Consulting Services, Business Law, and Ethics — typically administered in timed sections totaling several hundred questions with a passing threshold around 70% per section.
56
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 56👑 VIP
A small manufacturing company uses the FIFO inventory method. At the start of Q3, it had 200 units costing $15 each. During Q3, it purchased 500 units at $18 each and sold 600 units at $30 each. What is the cost of goods sold for Q3?
Questions 2–56 and full explanations are VIP-exclusive.