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    Accounting: Exam Questions

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    completes the statement or answers the question. __C__ 1. Raymond Corporation reported the following information for the year ended December 31‚ 2012: | Net income | $ 10‚000 | | Dividends | 6‚000 | | Retained earnings at December 31‚ 2012 | 25‚000 | What was the economic effect of the payment of Raymond’s dividends? a. | The dividend reduced net income for 2012. | b. | The dividend should be equal to net income if the company’s accounting equation is in balance. | c. | The

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    accounting quiz 1 [pic] 1 The primary purpose of accounting is to determine whether the business entity is profitable or unprofitable in its operations. A) True B) False This is the correct answer. Feedback: The primary purpose of accounting is to provide information that is useful for decision-making purposes. Accounting is ’not an end’‚ but rather it is a ’means to an end.’ LO 1 2 Costs‚ prices‚ sales volume‚ profits‚ and return on investment are all accounting measurements. A) True

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    Chapter 6 Test

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    MHF4U TEST 4 Knowledge Communication Application Thinking MHF4U TRIGONOMETRY TEST. SHOW ALL WORK. 1. How many degrees is radians? K=1 2. A car tire is spinning at a rate of 8 radians/s‚ how many rotations does the wheel make in an hour? A=2 3. If the arc subtended by an angle of 1 radian on a circle equals 35 cm‚ what is the radius of the circle? K=2 4. If the diameter of a

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    Partnership

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    1 Chapter – 1 Introduction Internship Report 2 1.0 Introduction 1.1 Origin of the Report Internship program is a pre-requisite for acquiring MBA degree. Before completion of the degree‚ student must undergo the internship program. Every student under the internship program has to prepare a report based on the project or particular matching with the intern’s area of specialization and organization’s requirement. The report writing consists of Intern’s analysis‚ finding and achievements

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    Chapter 7: Cash and Receivables When looking at the FASB codification‚ there are two main sections to examine about the transfers of receivables. The first section is 860-10 Transfers and Servicing‚ and the second section to consider would be 310-10 which is Receivables Overall. When finding other examples of continuing involvement‚ I looked into section 860-10-55. In section 860-10-10-1 it listed the objectives for reporting transfers of receivables. When searching for these objectives‚ it

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    000 (Gain on revaluation to fair value) *Plant Revaluation Cost 200 000 Accumulated Depreciation 25 000 Carrying Amount 175 000 Fair Value 186 000 Increment 11 000 Journal Entry 3-Accounting the tax effect on revaluation Income Tax Expense – gain on revaluation of asset(OCI)* Dr 3 300 Deferred Tax Liability Cr 3 300 (Tax-effect of revaluation) *(Gain × Tax Rate: 11 000 × 30%=$3 300) Journal Entry 4-Accumulation

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    Chemistry Test Questions

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    CH3CH3? (a) C2p + H1s (b) Csp + H1s (c) Csp2 + H1s (d) Csp3 + H1s 11. Which of the following is a tertiary (3ø) alcohol? (a) 1 (b) 2 (c) 3 (d) 4 (c) 2002 by Harcourt‚ Inc. All rights reserved. ANSWER KEY FOR TEST 1. b 2. c 3. d 4. d 5. d 6. d 7. b 8. c 9. c 10. d 11. c (c) 2002 by Harcourt‚ Inc. All rights

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    Economics Test Questions

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    fluid. Answer Question 1 and any two questions from Section B. At the end of the examination‚ fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question. You may answer with reference to your own economy or other economies that you have studied where relevant to the question. This document consists of 3 printed pages and 1 blank page. SP (NH) S81006/2 © UCLES 2005 [Turn over 2 Section A Answer this question. 1 Price of mobile

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    Genetics: Test Questions

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    Name: ________________________ Class: ___________________ Date: __________ ID: A Genetics test questions Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Pea plants were particularly well suited for use in Mendel’s breeding experiments for all of the following reasons except that a. peas show easily observed variations in a number of characters‚ such as pea shape and flower color. b. it is possible to completely control matings

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    Humanities Chapter 12

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    1. The city became the first important center of the early Italian Renaissance. A) Vienna B) Florence C) Paris D) Rome Correct Answer(s): B 2. This artist is celebrated as the designer of the doors of the Florence Baptistery. A) Donatello B) Michelangelo C) Leonardo D) Ghiberti Points Earned: 5.0/5.0 Correct Answer(s): D 3. Brunelleschi’s contribution to Florence Cathedral was its famous: A) apse B) crypt C) nave D) dome Points Earned:

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