AIEEE Questions

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KPMG in India announced the election of Arun M. Kumar as Chairman and Chief Executive Officer of the firm for a five-year term, on February 5, 2017.
Arun Kumar succeeds Richard Rekhy, who led the firm as CEO for over four years. Arun Kumar was elected by the KPMG India Board and ratified by the India Partners. The firm executed a well-defined governance process for the selection of the CEO that aligns with the objective of building on its success as well as attracting the best talent available for this role. Arun Kumar brings a wealth of international leadership experience to KPMG India, including his tenure in public service in the United States for the last three years as Assistant Secretary of Commerce for Global Markets and Director General of US and Foreign Commercial Service in the Obama Administration.

Valentina Tereshkova was the first woman to walk on the moon.

Manas National Park or Manas Wildlife Sanctuary is a national park, UNESCO Natural World Heritage site in Assam is known for Elephants. It is located in the Himalayan foothills.

The population is the smallest unit of living organisms that can undergo evolution.

The only bird that can rotate its head to 270 degrees is OWL.

Monotheism is the belief in a single all-powerful god, as opposed to religions that believe in multiple gods.

Sikhism, Judaism, Christianity, and Islam are widely practiced forms of monotheism.

The financial statements should be prepared in the following order:

Income statement - Statement of retained earnings - Balance sheet

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.