ACCT 304 Exam I Breakdown Spring 2014

Intermediate Accounting I (ACCT 304)
Exam I Breakdown, 80 Points
Exam Date: Tuesday, February 11

Multiple Choice – 48 Points (16 Questions X 3 Points Each)
Short Answer – 8 Points – You must be able to write out the definition to one of the course packet terms (terms #1-11, 14, 18, 29)
Journal Entries – 24 Points – You must prepare journal entries either in an open-ended format and/or in the format similar to CP p. 19 or p. 24. Entries may include regular journal entries, adjusting entries, closing entries, and reversing entries. Study the following: the in-class handout problem; CP pp. 19, 20, 21, 23, 24; E3-2, E3-13, P3-1

Breakdown of 16 Multiple-Choice Questions:
Chapter 3: 14 Questions, 42 Points
Course Packet Terms/Basic Review of Financial Accounting – 12 Points
Special Journals – 3 Points (E3-14)
Reversing Entries – 3 Points (E3-13)
Closing Entries – 3 Points (CP p. 24)
Preparing Basic Financial Statements – 9 Points (CP p. 12, E3-10)
Adjusting Entries – 3 Points (CP p. 20, P3-1)
Miscellaneous - 9 Points
Chapter 1: 2 Questions, 6 Points
E1-1 - 3 Points
Other - 3 Points