Acccounting 248:51 Spring 2014 Midterm Exam April 7‚ 2014 Instructor: Dan Cunningham Email: dan@dancunningham.org Phone/Text: 518.431.9796 Instructions: Please record your answers on the answer page provided. Your answers must be submitted on or before 11:59PM on April 12. Please upload your answer sheet to the appropriate file on ANGEL. 1. The City of Newport issued $1‚500‚000 of general obligation refunding bonds at a 2% premium. Bond issuance costs of $15‚000 were incurred. The
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-----------------------‚---------------- ADVANCED ACCOUNTING EXAM III - Part I FALL2013 NAME _ Part 1: Prepare journal entries in the General Fund for each of the following events relating to the City of Santa Rosa (all amounts in $1‚000s). Required a. The citizens approve the following budget for the year: . APPROPRIATIONS $22.888 2‚000 . ESTIMATED REVENUES .............................................•.... ESTIMATED OTHER FINANCING SOURCES $ 2‚479 (22
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UMUC ACCT665 Selected Topics in Acct: Combined Entities‚ Multinational‚ Government and Nonprofit Accounting Module Exam 1 Answers Dr. Dori Lombard This Module Exam 1 covers chapters 1‚ 2‚ 4‚ 5‚ 7‚ 8‚ and 10. The exam consists of 40 multiple choice questions. There are a total of 100 points in the exam. The exam is 20% of your overall course grade. Complete your work on a Word document‚ save it‚ and attach it to Assignments. The exam is open book‚ which means that you may refer to
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Ateneo de Zamboanga University SCHOOL OF MANAGEMENT AND ACCOUNTANCY Accounting 206: Cost Accounting and Cost Management‚ Part II Midterm Examination Kelvin J. Culajara‚ BSA‚ CPA Name: _____________________________________ Date: _______________ Score: __________ Test 1: Comprehensive Problem/Reporting Assume that you are the newly-hired chief cost accountant of Wapayutana Company. As the chief officer‚ you are tasked to monitor the flow of costs throughout the process‚ and hence‚ you are
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Chapter 1 CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false‚ explain why the statement is false. 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. 3. The primary governmental body that has influence over the FASB is the SEC. 4. The FASB
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REVIEW FOR EXAM 1 Chapter 1 1. How do we measure standard of living Measuring the standard of living in a country is to use real national income per capita. This is found that dividing real national income (GDP or GNP) by the total population. 2. How can European Unemployment be reduced? Central bank should decrease interest rates‚ and allow for an increase in demand‚ and unemployment would decrease. They need to be less protective‚ to eliminate these labor market rigidities‚ and to
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ACCT112 Midterm Assignment – Week 9 Due at the end of week 9. There are 70 marks. This assignment is worth 20 % of the total grade. True or False: (15 Marks) 1. In spite of its weaknesses‚ the cost principle is most often used because it is the most reliable basis of valuation. TRUE 2. The going concern assumption assumes the company will continue to operate for at least two years. TRUE 3. The economic entity assumption states that economic events can be identified with a
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WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au Blackboard: http://telt.unsw.edu.au. Session 1‚ 2013 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management 1A. In this first lecture
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ACCT 2410 QUIZ 1 Chapters 11 - 14 MASTER – V1 & V2 Name: __________________________ Student #:_________________ PLEASE PRINT When you are finished please hand in your quiz at the front and QUIETLY leave the room. Class will resume at 2:00//8:00 at which time we will review the solutions to the quiz and spend the balance of the time on a student directed review session. Materials allowed–normal writing materials and approved non–programmable calculators that do not
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Test Submission: Midterm Exam Part 1 Instructions This midterm exam consist of 25 multiple choice questions and covers the material in Chapters 1 through 4. Question 1 4 out of 4 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Answer Selected Answer: innovation theory of profit Correct Answer: innovation
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