REVIEWEXAM1
33 Pages

REVIEWEXAM1

Course Number: ACCT 2113, Spring 2008

College/University: The University of Oklahoma

Word Count: 7632

Rating:

Document Preview

1 Multiple Choice Questions--CHAPTER 1 REVIEW 42. On January 1, 2006, two individuals invested $500,000 each to form Jordan Corporation. Jordan had total revenues of $200,000 during 2006 and $250,000 during 2007. Total expenses for the same periods were $120,000 and $140,000 respectively. Cash dividends paid out to stockholders totaled $20,000 in 2006 and $25,000 in 2007. What was Jordan's total stockholders'...

Unformatted Document Excerpt
Coursehero >> Oklahoma >> The University of Oklahoma >> ACCT 2113

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Multiple 1 Choice Questions--CHAPTER 1 REVIEW 42. On January 1, 2006, two individuals invested $500,000 each to form Jordan Corporation. Jordan had total revenues of $200,000 during 2006 and $250,000 during 2007. Total expenses for the same periods were $120,000 and $140,000 respectively. Cash dividends paid out to stockholders totaled $20,000 in 2006 and $25,000 in 2007. What was Jordan's total stockholders' equity at the end of 2006 and 2007? A) $1,000,000 and $1,065,000 respectively. B) $1,060,000 and $1,145,000 respectively. C) $1,100,000 and $1,170,000 respectively. D) $1,210,000 and $1,410,000 respectively. Register to View AnswerDifficulty: Hard L.O.: 1 44. Atlantic Corporation reported the following amounts at the end of the first year of operations, December 31, 2006: contributed capital $100,000; sales revenue $400,000; total assets $300,000; $20,000 dividends; and total liabilities $160,000. Retained earnings and total expenses would be A) retained earnings $40,000 and expenses $340,000. B) retained earnings $60,000 and expenses $320,000. C) retained earnings $140,000 and expenses $240,000. D) retained earnings $160,000 and expenses $220,000. E) None of the above. Register to View AnswerDifficulty: Hard L.O.: 1 45. The financial statement that reports the financial position of a business is the A) income statement. B) balance sheet. C) statement of cash flows. D) footnotes to the financial statements. E) auditor's opinion. Register to View AnswerDifficulty: Easy L.O.: 1 46. Barker Corporation reported the following for 2007; total assets, $270,000; total liabilities, $105,000; contributed capital, $120,000. Therefore, retained earnings was A) $15,000. B) $120,000. C) $60,000. D) $45,000. E) None of the above is correct. 2 Register to View AnswerDifficulty: Medium L.O.: 1 47. Which of the following reports the cash inflows, cash outflows, and change in cash for period? A) Income statement. B) Balance sheet. C) Statement of cash flows. D) Auditor's report. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 55. Which of Chao's financial statements would you look at to determine whether Chao will be able to pay for the goods when payment is due in 30 days? A) income statement. B) balance sheet. C) statement of retained earnings. D) statement of cash flows. Register to View AnswerDifficulty: Hard L.O.: 1 56. Which financial statement shows the financial position of a business as of a given date? A) balance sheet. B) income statement. C) statement of cash flows. D) statement of retained earnings. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 57. Which of the following is not considered to be a liability? A) accounts payable B) notes payable C) wages payable D) cost of goods sold Register to View AnswerDifficulty: Medium L.O.: 1 3 58. Michael Company owes you $800 on account due within 15 days. Which of the following amounts on its balance sheet would help you to determine the likelihood that you will be paid in full and on time? A) cash and accounts receivable B) cash and property and equipment C) cash and inventory D) contributed capital and retained earnings Register to View AnswerDifficulty: Medium L.O.: 1 59. A business's assets are A) equal to liabilities plus shareholders' equity. B) the economic resources of the business. C) Reported at historical cost. D) Reported on the balance sheet. E) All of the above are correct. Register to View AnswerDifficulty: Easy L.O.: 1 60. Assets for a particular business might include A) cash, accounts payable, and notes payable. B) cash, retained earnings, and accounts receivable. C) cash, accounts receivable, and inventory. D) inventories, property and equipment, and contributed capital. Register to View AnswerDifficulty: Medium L.O.: 1 61. A business's balance sheet cannot be used to accurately predict what the business might be sold for because A) it identifies all the revenues and expenses of the business. B) assets are generally listed on the balance sheet at their historical cost, not their current value. C) it gives the results of operations for the current period. D) some of the assets and liabilities on the balance sheet may actually be those of another entity. Register to View AnswerDifficulty: Hard L.O.: 1 4 63. The accounting equation (balance sheet equation) is A) Assets + Liabilities = Stockholders' equity. B) Assets + Stockholder's equity = Liabilities. C) Assets = Liabilities + Stockholders' equity. D) Revenues - Expenses = Net income. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 64. Business liabilities are A) amounts it expects to collect in the future from customers. B) debts or obligations resulting from past transactions. C) the amounts that owners have invested in the business. D) the increases in assets that result from profitable operations. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 65. Downard Bank, in deciding whether to make a loan to Rodney Company, would be interested in the amount of liabilities Rodney has on its balance sheet because A) the liabilities represent resources that could be used to repay the loan. B) if Rodney already has many other obligations, it might not be able to repay the loan. C) existing liabilities give an indication of how profitable Rodney has been in the past. D) Downard would be interested in the amount of Rodney's assets but not the amount of liabilities. Register to View AnswerDifficulty: Medium L.O.: 1 66. The two categories of stockholders' equity usually found on the balance sheet of a corporation are A) contributed capital and long-term liabilities. B) contributed capital and property, plant, and equipment. C) retained earnings and notes payable. D) contributed capital and retained earnings. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 5 68. Which financial statement for a business would you look at to determine the company's earnings performance during an accounting period? A) balance sheet. B) statement of retained earnings. C) income statement. D) statement of cash flows. Register to View AnswerDifficulty: Easy L.O.: 1 70. Most businesses earn revenues A) when they collect accounts receivable. B) through sales of goods or services to customers. C) by borrowing money from a bank. D) by selling shares of stock to shareholders. Register to View AnswerDifficulty: Medium L.O.: 1 71. Accounts receivable represents: A) amounts which are owed to the company by its customers resulting from credit sales. B) amounts which are owed by the company to its suppliers for past purchases. C) amounts which have been borrowed to finance operations. D) amounts which are due to shareholders. Register to View AnswerDifficulty: Medium L.O.: 1 72. Prepaid expenses A) are an asset. B) result from paying for an expense such as rent in advance of using it. C) will result in an expense being charged sometime in the future. D) All of the above are correct Register to View AnswerDifficulty: Medium L.O.: 1 73. The amount of revenue recognized in the income statement by a company that sells goods to customers would be A) the cash collected from customers during the current period. B) total sales, both cash and credit sales, for the period. C) total sales minus beginning amount of accounts receivable. D) the amount of cash collected plus the beginning amount of accounts receivable. Register to View AnswerDifficulty: Medium L.O.: 1 6 75. On January 1, 2006 Mammoth Corporation had retained earnings of $4,000,000. During 2006, they had net income of $750,000 and dividends of $100,000. What is the amount of Mammoth's retained earnings at the end of 2006? A) $4,000,000 B) $4,450,000 C) $4,650,000 D) $4,850,000 E) None of the above is correct Register to View AnswerDifficulty: Medium L.O.: 1 77. On the statement of cash flows, an amount paid for utilities would be classified as A) an operating activity. B) an investing activity. C) a financing activity. D) a production activity. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 1 78. On the statement of cash flows, a company would report the purchase of land as cash used in A) operating activities. B) financing activities. C) purchasing activities. D) investing activities. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 1 79. A company would report a net loss when A) retained earnings decreased due to paying dividends to shareholders. B) its assets decreased during an accounting period. C) its liabilities increased during an accounting period. D) its expenses exceeded its revenues for an accounting period. Register to View AnswerDifficulty: Easy L.O.: 1 7 80.The amount of insurance expense reported on the income statement is A) the amount of cash paid for insurance in the current period. B) the amount of cash paid for insurance in the current period less any unpaid insurance at the end of the period. C) the amount of insurance used up (incurred) in the current period to help generate revenue. D) an increase in net income. Register to View AnswerDifficulty: Medium L.O.: 1 81. What events cause changes in a corporation's retained earnings? A) Net income or net loss and declaration of dividends. B) Declaration of dividends and issuance of stock to new shareholders. C) Net income, issuance of stock, and borrowing from a bank. D) Declaration of dividends and purchase of new machinery. Register to View AnswerDifficulty: Medium L.O.: 1 84. The operating activities section is often believed to be the most important part of a statement of cash flows because A) it gives the most information about how operations have been financed. B) it shows the dividends that have been paid to shareholders. C) it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. D) it shows the net increase or decrease in cash during the period. Register to View AnswerDifficulty: Hard L.O.: 1 86. Marcus Company delivered products to customers for which the customers were billed $4,250,000. The company collected $4,170,000 in cash from customers during the year. Indicate which of these amounts will appear on the income statement and which on the statement of cash flows. A) $4,170,000 appears on both the income statement and statement of cash flows. B) $4,250,000 appears on the statement of cash flows, and $4,170,000 appears on the income statement C) $4,250,000 appears on both the income statement and the statement of cash flows. D) $4,170,000 appears on the statement of cash flows and $4,250,000 appears on the income statement. Register to View AnswerDifficulty: Easy L.O.: 1 8 87. At the beginning of 2007, Buck Corporation had assets of $540,000 and liabilities of $320,000. During the year, assets increased by $50,000 and liabilities decreased by $10,000. What was the total amount of stockholders' equity at the end of 2007? A) $220,000 B) $280,000 C) $380,000 D) $500,000 Register to View AnswerDifficulty: Hard L.O.: 1 88. The term used for economic resources owned by an entity as a result of past transactions is A) assets. B) liabilities. C) revenues. D) retained earnings. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 1 89. Which is not one of the three basic types of footnotes to the financial statements? A) Those which describe accounting rules applied. B) Those which provide additional detail about a line on the financial statements. C) Those which provide additional disclosures about items not listed in the financial statements. D) Those which predict the financial results in future years. Register to View AnswerDifficulty: Hard L.O.: 1 93. The ending retained earnings balance of Juan's Mexican Restaurant chain increased by $3.2 million from the beginning of the year. The company had declared a dividend of $1.3 million during the year. What was the net income earned during the year? A) $1.9 million B) $3.2 million C) $4.5 billion D) There is no way to determine net income as not enough information was given. Register to View AnswerDifficulty: Hard L.O.: 1 9 94. What section of the statement of cash flows do bankers consider to be the most important? A) Investing B) Operating C) Financing D) All the sections are equally important. Register to View AnswerDifficulty: Medium L.O.: 1 95. Which of the following items is an expense? A) Accounts Payable B) Cost of Goods Sold C) Accounts Receivable D) Sales Revenue E) None of the above Register to View AnswerDifficulty: Medium L.O.: 1 96. Which of the following activities would cause investors to overpay for the acquisition of a company from its current owners? A) Understated accounts payable and overstated inventory B) Understated revenues and overstated expenses C) Understated assets and overstated expenses D) None of these would cause investors to overpay for the stock Register to View AnswerDifficulty: Hard L.O.: 1 100. The government regulatory agency that has the legal authority to prescribe financial reporting requirements for corporations that sell their securities to the public is the A) FASB. B) FTC. C) SEC. D) APB. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 2 10 106. The purpose of an audit is to A) prove the accuracy of an entity's financial statements. B) lend credibility to an entity's financial statements. C) endorse the quality of leadership that managers provide for a corporation. D) establish that a corporation's stock is a sound investment. Register to View AnswerDifficulty: Easy L.O.: 3 110. Which of the following groups has primary responsibility for the information contained in the financial statements? A) the company's management B) the company's auditor C) the company's investors D) the SEC Register to View AnswerDifficulty: Medium L.O.: 3 Multiple Choice Questions--CHAPTER 2 REVIEW 46. All liabilities appear on the A) Balance sheet. B) Income statement. C) Statement of stockholders' equity. D) Statement of cash flows. E) None of the above is correct. Register to View AnswerLevel: Easy L.O.: 1 47. Morgan Company owes Regan Company $1,000, Morgan would reflect this on its A) statement of cash flows. B) income statement. C) balance sheet. D) statement of stockholders' equity. E) both A and C. Register to View AnswerLevel: Medium L.O.: 1 11 48. The assumption that a business can continue to remain in operation into the future is the A) cost principle. B) unit-of-measure assumption. C) continuity assumption. D) separate-entity assumption. Register to View AnswerLevel: Easy L.O.: 1 49. Assets are defined as A) resources with possible future economic benefits owed by an entity as a result of past transactions. B) resources with probable future economic benefits owned by an entity as a result of past transactions. C) resources with probable future economic benefits owned by an entity as a result of future transactions. D) resources with possible future economic benefits owed by an entity as a result of future transactions. E) None of the above is correct. Register to View AnswerLevel: Easy L.O.: 1 51. Liabilities are defined as A) possible debts or obligations of an entity as a result of future transactions which will be paid with assets or services. B) possible debts or obligations of an entity as a result of past transactions which will be paid with assets or services. C) probable debts or obligations of an entity as a result of future transactions which will be paid with assets or services. D) probable debts or obligations of an entity as a result of past transactions which will be paid with assets or services. E) None of the above is correct. Register to View AnswerLevel: Easy L.O.: 1 52. Stockholders' equity is (are) A) probable debts or obligations of an entity as a result of past transactions which will be paid with assets or services. B) assets minus liabilities. C) probable future economic benefits owned by an entity as a result of past transactions. D) the financing provided by the owners and the operations of a business. E) both B and D. Register to View AnswerLevel: Medium L.O.: 1 12 57. Which of the following events will cause retained earnings to decrease? A) Dividends declared by the Board of Directors. B) Net income reported for the period. C) Net loss reported for the period. D) None of the above decreases retained earnings. E) Both A and C decrease retained earnings. Register to View AnswerLevel: Easy L.O.: 1 58. Which of the following transactions would cause retained earnings to increase? A) Collection of a customer's account. B) Loan from a bank. C) Sale of service to a customer. D) Wage costs owed to employees. E) Both A and C would increase retained earnings. Register to View AnswerLevel: Medium L.O.: 1 59. The primary objective of financial accounting is to A) provide information about a business to internal parties. B) provide information about a business' future business strategies. C) provide useful economic information about a business to help external parties make sound financial decisions. D) provide predictions of future stock price. E) none of the above is the primary objective of financial accounting. Register to View AnswerLevel: Easy L.O.: 1 61. Which of the following would not be considered a current asset? A) Inventories B) Prepaid Expenses C) Land D) Accounts Receivable E) All of them are current assets Register to View AnswerLevel: Medium L.O.: 1 62. The element "Accounts Payable" refers to A) an amount owed to our business. B) an amount a business owes to a third party. C) the bottom line on the income statement. D) the total cash paid by a business during the year. E) an increase in an investing activity. Register to View AnswerLevel: Easy L.O.: 2 13 63. Which of the following is not a liability? A) Accounts payable. B) Retained earnings. C) Notes payable. D) Unearned Revenue. E) None of the above is correct. Register to View AnswerLevel: Easy L.O.: 2 64. Which of the following liability accounts is usually not satisfied by payment of cash? A) Accounts payable B) Unearned revenues C) Taxes payable D) All of the above are satisfied by paying cash Register to View AnswerLevel: Medium L.O.: 2 66. Michael Corporation received $200,000 cash invested by its owners. The effect on the fundamental accounting model was A) assets and liabilities each increased by $200,000. B) assets and revenues each increased by $200,000. C) stockholders' equity and revenues each increased by $200,000. D) stockholders' equity and assets each increased by $200,000. E) stockholders' equity and liabilities each increased by $200,000. Register to View AnswerLevel: Medium L.O.: 3 67. WindNet Corporation purchased factory equipment for $38,000 cash. Which of the following statements regarding this purchase is incorrect? A) The net income for Mika will be reduced by the 38,000 expense of the factory equipment. B) The total amount of assets on Mika's balance sheet will not change. C) The total liabilities will not change. D) The amount of the stockholders' equity on Mika's balance sheet will not change. E) All of the above statements are correct. Register to View AnswerLevel: Medium L.O.: 3 14 68.Which of the following direct effects on the fundamental accounting model is not possible as a result of transaction analysis? A) Increase a liability and decrease an asset. B) Increase stockholders' equity and increase an asset. C) Increase an asset and decrease an asset. D) Decrease stockholders' equity and decrease an asset. E) None of the above is correct. Register to View AnswerLevel: Hard L.O.: 3 69. Which of the following direct effects on the fundamental accounting equation is not possible as a result of transactional analysis? A) An increase in an asset and a decrease in another asset. B) A decrease in a liability and an increase in an asset. C) A decrease in stockholders' equity and a decrease in an asset. D) An increase in an asset and an increase in stockholders' equity. E) All of the above are possible effects on the equation. Register to View AnswerLevel: Hard L.O.: 3 70. Assume a company's January 1, 2006, financial position was: Assets, $150,000 and Liabilities, $60,000. During January 2006, the company completed the following transactions: (a) paid on a note payable $10,000 (no interest was paid); (b) collected an accounts receivable, $9,000; (c) paid an accounts payable, $5,000; and (d) purchased a truck, $5,000 cash, and a $20,000 note payable. The company's January 31, 2006 financial position is Assets Liabilities Stockholders' Equity A. $150,000 $60,000 $90,000 B. $155,000 $65,000 $90,000 C. $160,000 $75,000 $85,000 D. $170,000 $100,000 $70,000 Register to View AnswerLevel: Hard L.O.: 3 71. The purchase of equipment with a note payable would A) increase cash. B) decrease cash. C) increase a liability. D) decrease a liability. E) None of the above is correct. Register to View AnswerLevel: Medium L.O.: 3 15 72. The purchase of supplies for cash would A) not change total assets. B) increase total assets. C) increase liabilities. D) decrease liabilities. E) None of the above is correct. Register to View AnswerLevel: Medium L.O.: 3 73. Payment of a liability would A) decrease stockholders' equity. B) decrease assets. C) not affect assets. D) increase stockholders' equity. E) None of the above is correct. Register to View AnswerLevel: Medium L.O.: 3 74. The collection of an account receivable from a customer would A) increase liabilities. B) decrease liabilities. C) not affect liabilities. D) decrease stockholders' equity. E) None of the above is correct. Register to View AnswerLevel: Medium L.O.: 3 77. Which of the following will not result in recording a transaction? A) Signing a contract to have an outside cleaning service clean offices nightly. B) Paying our employees their wages. C) Selling stock to investors. D) Buying equipment and agreeing to pay a note payable and interest at the end of a year. E) All of the above result in recording a transaction. Register to View AnswerLevel: Easy L.O.: 3 16 78. Which of the following transactions will cause both the left and right side of the equation to decrease? A) We collect cash from a customer who owed us money. B) We pay a supplier for inventory we previously bought on account. C) We borrow money from the bank. D) We purchase equipment for cash. E) None of the above will cause both sides of the equation to increase. Register to View AnswerLevel: Easy L.O.: 3 79. When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, the following are the effects on the equation: A) cash decreases by $50,000. B) equipment increases by $100,000. C) liabilities increase by $150,000. D) total assets increase by $200,000. E) All of the above effects occur on the equation. Register to View AnswerLevel: Medium L.O.: 3 83. Borrowing $100,000 of cash from First National Bank would A) increase cash by a credit and increase notes payable by a debit. B) increase notes payable by a debit and increase cash by a debit. C) increase notes payable by a credit and increase cash by a debit. D) decrease cash by a debit and decrease notes payable by a credit. E) None of the above would occur. Register to View AnswerLevel: Medium L.O.: 3 85. Cadet Company paid an accounts payable of $1,000. This transaction should be recorded as follows on the payment date. A) Accounts payable 1,000 Cash 1,000 B) Cash 1,000 Accounts Payable 1,000 C) Notes Payable 1,000 Cash 1,000 D) Cash 1,000 Cost of Goods Sold 1,000 Register to View AnswerLevel: Easy L.O.: 4 17 86. The word credit means A) an increase to an account. B) a decrease to an account. C) an entry to the right side of an account. D) an entry to the left side of an account. Register to View AnswerLevel: Easy L.O.: 4 87. Which of the following is true? A) Assets increase on their right side because they are on the right side of the equation. B) Liabilities increase on their right side because they are on the right side of the equation. C) Stockholders' equity accounts increase on their left side because they are on the left side of the equation. D) None of the above is correct. E) All of the above are correct Register to View AnswerLevel: Medium L.O.: 4 94. Which of the following transactions would cause cash inflow from an financing activity for Boeing Corporation? A) Sold shares of stock in Boeing Corp. B) Sold shares of Mobil Corporation stock. C) Sold used equipment, which had been used in our refinery. D) Both A and C create financing cash inflow. E) None of the above generates financing cash inflow. Register to View AnswerLevel: Medium L.O.: 6 95. An example of an investing transaction would be A) purchasing equipment for cash. B) buying inventory from a supplier on credit. C) selling stock to investors for cash. D) all of the above are investing transactions. E) none of the above is an investing transaction. Register to View AnswerLevel: Medium L.O.: 6 18 96.An example of an operating activity would be A) purchasing equipment for cash. B) buying inventory a from supplier on credit. C) selling stock to investors for cash. D) repaying the principle on a bank loan. E) none of the above is an operating activity. Register to View AnswerLevel: Medium L.O.: 6 Multiple Choice Questions--CHAPTER 3 REVIEW 81. The operating cycle of a business is best defined as A) the period of time for which we prepare our financial statements. B) the time it takes for a company to purchase and pay for goods or services from suppliers, sell those goods or services to customers and collect cash from the customers. C) the length of time over which our plant and equipment assets are expected to be used by the company in generating revenues. D) None of the above Register to View AnswerDifficulty: Medium L.O.: 1 84. If total revenues exceed total expenses, then a company has A) a net loss. B) a net profit. C) neither a profit nor a loss. D) negative net income. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 85. Which of the following costs is most likely to be the largest expense item on the income statement of a merchandising chain such as Wal-Mart? A) Wage, salary and benefits expense B) Cost of Sales C) Advertising D) Income tax expense E) None of the above Register to View AnswerDifficulty: Medium L.O.: 2 19 88. Revenues are defined as A) increases in net assets as a result of peripheral transactions. B) decreases in net assets as a result of ongoing operations. C) increases in net assets as a result of ongoing operations. D) decreases in net assets as a result of peripheral transactions. Register to View AnswerDifficulty: Easy L.O.: 2 89. Which of the following statements is true? A) The income statement must disclose earnings per share (EPS). B) The income statement reports revenues, expenses, gains and losses. C) A loss causes an increase in net assets resulting from a peripheral transaction. D) Both A and B are true. E) All of the above are true. Register to View AnswerDifficulty: Medium L.O.: 2 93. Which of the following is false? A) Revenues and gains cause increases in net assets. B) Cost of sales is usually the largest expense for a retailer. C) Net income and cash flows mean the same thing. D) Income tax expense is reported near the bottom of the income statement. Register to View AnswerDifficulty: Medium L.O.: 2 95. A landlord received $5,000 cash for December 2008's rent but the tenant's rent for December is $8,000. Which of the following is true for year ended 2008. A) $5,000 would be reported on the statement of cash flows. B) $3,000 would appear on the balance sheet as rent receivable. C) $8,000 would appear on the income statement as rent revenue earned. D) All of the above are true. E) None of the above is true. Register to View AnswerDifficulty: Hard L.O.: 3 96. Two basic accounting principles determine when revenues and expenses are to be recorded under accrual basis accounting. They are A) revenue recognition and matching principles. B) revenue recognition and measurement principles. C) cost and matching principles. D) none of the above. Register to View AnswerDifficulty: Medium L.O.: 3 20 97. During 2007, Sigma Company earned service revenues amounting to $700,000, of which $630,000 was collected in cash; the balance will be collected in January 2008. The 2007 income statement of the company should report the following amount for service revenues A) $ 630,000. B) $ 700,000. C) $ 70,000. D) $1,330,000. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 3 98. At the end of December, the owner of an apartment complex realized that the December rent had not been collected from one of the tenants. December 31 was the end of the accounting year; therefore, the owner made the appropriate adjusting entry at that time. When the December rent was collected in January of the following year, the entry made by the apartment owner should include A) an increase (debit) to Rent revenue receivable. B) a decrease (credit) to Rent revenue receivable. C) a decrease (debit) to Rent revenue collected in advance. D) an increase (credit) to Rent revenue. E) a decrease (credit) to Cash. Register to View AnswerDifficulty: Medium L.O.: 3 99. The owner of an office building should report rent collected in advance as a debit to cash and a credit to A) a liability. B) an asset other than cash. C) a revenue. D) an expense. Register to View AnswerDifficulty: Medium L.O.: 3 100. The revenue principle requires four conditions to be met. Which of the following is one of the four conditions? A) The customer has paid for the goods or services. B) Delivery of goods or performance of service has occurred. C) The price is fixed or determinable. D) Both A and B are criteria. E) Both B and C are criteria. Register to View AnswerDifficulty: Hard L.O.: 3 21 102. Accrued expenses which must be recorded in adjusting entries represent expenses A) incurred and paid. B) incurred but not recorded or paid. C) paid in advance. D) paid in advance and not recorded. E) None of the above is correct. Register to View AnswerDifficulty: Easy L.O.: 3 104. Cash collections for revenue items can occur A) before the revenue is earned. B) after the revenue is earned. C) at the time the revenue is earned. D) any of the above. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 3 106. Which of the following is an example of revenue or expense recognized in the current period's income statement? A) Cash received from a client before the lawyer represents them in court. B) Inventory purchased by a retail store. C) Wage costs owed to employees who worked during the period. D) Cash collected from an accounts receivable. E) All of the above are examples of revenues or expenses recognized in the current period. Register to View AnswerDifficulty: Hard L.O.: 3 107. Which of the following would be recorded as an expense on the current period's income statement? A) Utilities costs for the electricity used this period but not yet paid for by year end. B) Purchase of supplies on credit. C) Cash paid at the end of this year for next year's insurance policy. D) Both B and C are expense in the current period. E) All the above are expenses in the current period. Register to View AnswerDifficulty: Medium L.O.: 3 22 108. In applying the revenue principle to a given transaction, the most important moment or period in time is when the A) related cash inflows occur. B) related expenses are incurred. C) sales transaction is completed (i.e., ownership passes) or services are rendered. D) service contract is signed regarding service to be performed. E) customer is billed. Register to View AnswerDifficulty: Medium L.O.: 3 109. The principle which holds that all of the expenses incurred in earning revenue should be identified with the revenue recognized and reported for the same period is the A) revenue principle. B) liability principle. C) timing principle. D) matching principle. E) cost principle. Register to View AnswerDifficulty: Medium L.O.: 3 114. Which of the following liability accounts is likely to be satisfied with other than payment of cash? A) Wages payable B) Deferred subscriptions revenue C) Accounts Payable D) All the above will be satisfied by cash payment Register to View AnswerDifficulty: Medium L.O.: 3 115. An example of an asset account that would be created at the end of the accounting period because revenue has been earned but not collected or recorded yet would be? A) Rent receivable B) Accounts receivable C) Prepaid rent D) All of the above E) None of the above Register to View AnswerDifficulty: Medium L.O.: 3 23 118. Which of the following activities violates the revenue recognition principle? A) Recording revenue in December 2006 for units manufactured but not yet sold to customers B) Recording cash received in advance from customers as revenue when the product is not yet shipped C) Not recording interest earned in 2006 until the cash is received in 2007 D) None of the above violates the revenue recognition principle E) All of the above violates the revenue recognition principle Register to View AnswerDifficulty: Medium L.O.: 3 119. What would be the effect on December's income statement of a utility bill received on December 27, 2006 but which will not be paid until January 10, 2007? A) No expense will be recognized until the bill is paid in January B) We would cause an increase in income by recording the expense in December C) Recording the expense in December when it is incurred will increase expenses D) Income will be decreased when we pay the bill in January Register to View AnswerDifficulty: Medium L.O.: 3 120. Which group of accounts contains only those that normally have a credit balance? A) Accounts receivable; Accumulated depreciation; Fees earned. B) Bonds payable; Cash; Contributed capital. C) Cash; Inventory; Unearned revenue. D) Notes payable; Wages payable; Contributed capital. E) None of the above contains only credit balance accounts. Register to View AnswerDifficulty: Medium L.O.: 4 121. During 2007, Sensa Corporation incurred operating expenses amounting to $100,000 of which $75,000 was paid in cash; the balance will be paid in January 2008. Transaction analysis of operating expenses for 2007, should reflect only the following A) decrease stockholders' equity, $75,000; decrease assets, $75,000. B) decrease assets, $100,000; decrease stockholders' equity, $100,000. C) decrease assets, $100,000; increase liabilities, $25,000; decrease stockholders' equity, $100,000. D) decrease stockholders' equity, $100,000; decrease assets, $75,000; increase liabilities, $25,000. E) None of the above is correct. Register to View AnswerDifficulty: Hard L.O.: 4 24 122. Which of these accounts would normally have a debit balance? A) Prepaid expenses B) Unearned Revenue C) Wages Payable D) Retained earnings Register to View AnswerDifficulty: Easy L.O.: 4 123. Which group of accounts contains only those that normally have a debit balance? A) Prepaid expenses, wages payable, and contributed capital B) Cash, utilities expense, and accounts receivable C) Retained earnings, cost of sales, and wages expense D) Utilities expense, prepaid expenses, and wages payable E) None of the above contains only debit balance accounts Register to View AnswerDifficulty: Medium L.O.: 4 124. If a company records sales revenue, A) net income will increase. B) retained earnings will increase. C) assets will increase. D) all of the above effects will occur. Register to View AnswerDifficulty: Medium L.O.: 4 129. Which of the following would not cause stockholders' equity to change? A) Sale of additional stock to investors. B) Earning revenue for services performed. C) Cash payment for dividends previously declared. D) Declaration of a cash dividend to stockholders. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 4 130. During 2007, Burlington Company incurred operating expenses amounting to $600,000, of which $550,000 was paid in cash; the balance will be paid in January 2008. On the 2007 income statement of the company, what amount should be reported for operating expenses? A) $550,000. B) $560,000. C) $600,000. D) $1,150,000. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 4 25 131. In respect to stockholders' equity, indicate which one of the following statements is correct. A) Revenues are recorded as credits to the revenue accounts and expenses are recorded as debits to the expense accounts. B) Revenues are recorded as debits to the revenue accounts and expenses are recorded as credits to the expense accounts. C) Contributions (investments) by owners are recorded as credits to the contributed capital accounts. D) A and C are correct. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 4 132. Which of the following would cause retained earnings to increase? A) Sale of service on credit. B) Sold shares of our company stock to investors. C) Gain on the disposal of land and building. D) Both A and C would increase retained earnings E) All of the above would increase retained earnings. Register to View AnswerDifficulty: Medium L.O.: 4 133. Boone's Cleaning Service performed cleaning services during December, 2006, but had not collected any cash (or other assets) from its customers by the end of the accounting period, December 31, 2006. What effect did performing these services have on the fundamental accounting model? A) Increased assets and increased liabilities. B) Increased assets and increased stockholders' equity. C) Increased assets and decreased stockholders' equity. D) Decreased liabilities and decreased stockholders' equity. E) These services will not affect the accounting model until the cash is actually collected. Register to View AnswerDifficulty: Medium L.O.: 4 26 135. On December 31, 2006, Avery Corporation paid $10,000 for next year's insurance policy. This transaction should be recorded as follows by Avery: A) Insurance Expense $10,000 Insurance Payable $10,000 B) Prepaid Insurance $10,000 Insurance Payable $10,000 C) Prepaid Insurance $10,000 Cash $10,000 D) Insurance Expense $10,000 Cash $10,000 Register to View AnswerDifficulty: Medium L.O.: 4 Use the following to answer questions 138: Marion Company had these transactions during the first month of the new accounting period: Sold merchandise for $9,000 on credit; its cost was $5,000 and it was purchased and paid for last year. Collected $3,000 from an account receivable. The account was established in the previous year. Used office supplies of $1,500 purchased and paid for in the prior year. 138. Marion's net income for the new period would be A) $2,500. B) $4,000. C) $8,000. D) $6,500. E) None of the above is correct. Register to View AnswerDifficulty: Hard L.O.: 5 153. If Papa John's reports an asset turnover ratio of 2.57 for 2003 and their competitor Domino's reports 2.89 for their 2003 ratio, it means that Papa John's A) is better able to pay their current obligations with their current assets. B) has been more effective in managing the use and level of its assets. C) has been less effective in managing the use and level of its assets. D) is less able to pay off their current obligations with their current assets. Register to View AnswerDifficulty: Medium L.O.: 6 27 Multiple Choice Questions--CHAPTER 4 REVIEW 58. Which of the following is a correct statement about the unadjusted trial balance? A) It provides a listing of the balance sheet accounts only. B) It provides data in a convenient form for preparing the adjusting entries and financial statements. C) It provides a check of the equality of the debits and credits of the ledger accounts after the external transactions have been journalized and posted. D) Both B and C are correct. E) All of the above are correct. Register to View AnswerDifficulty: Medium L.O.: 1 63. On October 1, 2006, Adams Company paid $4,000 for a two-year insurance policy on the building. The accounting period ends December 31. At the end of 2006, the financial statements should report On the Balance Sheet On the Income Statement A) Prepaid insurance, $4,000 Insurance expense, $0. B) Prepaid insurance, $0 Insurance expense, $4,000. C) Prepaid insurance, $2,000 Insurance expense, $2,000. D) Prepaid insurance, $3,500 Insurance expense, $500. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 64. On April 1, 2007, the premium on a one-year insurance policy on equipment was paid amounting to $3,000. At the end of 2007 (end of the accounting period), the financial statements for 2007, would report A) Insurance expense, $3,000; Prepaid insurance $0. B) Insurance expense, $0; Prepaid insurance $3,000. C) Insurance expense, $750; Prepaid insurance $2,250. D) Insurance expense, $2,250; Prepaid insurance $750. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 28 65. On July 1, 2009, Allen Company signed a $100,000, one-year, 6 percent note payable. At due date, June 30, 2010, the principal and interest will be paid. Interest expense should be reported on the income statement (for the year ended December 31, 2009) as A) $6,000. B) $3,000. C) $1,500. D) $1,200. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 66. On December 31, 2009, the effect of recording an adjustment for accrued wages of $2,000 would be A) a decrease in stockholders' equity and decrease in an asset. B) a decrease in liabilities and increase in stockholders' equity. C) a decrease in stockholders' equity and an increase in liabilities. D) an increase in stockholders' equity and increase in an asset. E) none of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 67. On January 1, 2007, the ledger of Global Corporation correctly showed supplies inventory of $1,000. During 2007, supplies purchases amounted to $5,000. A count (inventory) of supplies on hand at December 31, 2007, showed $1,200. The 2007 income statement should report supplies expense amounting to A) $ 6,000. B) $ 5,200. C) $ 4,800. D) $ 4,600. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 68. On January 1, 2009, Houston Company purchased a delivery truck that cost $40,000. Cash of $10,000 was paid, and the balance of $30,000 was payable on January 31, 2010. The truck has an estimated useful life of four years and no residual value. Considering only these facts, depreciation expense (on the truck) for 2009, would be A) $10,000. B) $ 7,500. C) $17,500. D) $ 8,750. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 29 69. On December 31, 2007, (end of the accounting period), Dallas Company recorded depreciation on its company truck of $5,000. Transaction analysis of the depreciation should reflect the following A) decrease stockholders' equity and increase liabilities. B) decrease assets and increase liabilities. C) decrease stockholders' equity and decrease assets. D) decrease assets and increase stockholders' equity. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 Use the following to answer questions 73-74: On January 1, 2009, Ryan Company paid the premium in advance on a three-year insurance policy on equipment in the amount of $6,000. At that time, the full amount paid was recorded as prepaid insurance. 73. On December 31, 2009, the end of the accounting year, Hammond Company would be required to record an adjusting entry that would include a A) $6,000 credit to prepaid insurance. B) $2,000 debit to insurance expense. C) $2,000 debit to prepaid insurance. D) $6,000 debit to insurance expense. E) none of the above. Register to View AnswerDifficulty: Medium L.O.: 2 74. After recording the adjusting entry for the insurance policy on December 31, 2009, Ryan Company's records would reflect a balance in the prepaid insurance account of A) $2,000. B) $3,000. C) $1,000 D) $4,000. E) none of the above. Register to View AnswerDifficulty: Medium L.O.: 2 30 Use the following to answer questions 76: At the beginning of 2009, Bella Company had office supplies inventory of $500. During 2009, the company purchased office supplies amounting to $2,500 (paid for in cash and debited to office supplies inventory). At December 31, 2009, the end of the accounting year, a count of office supplies still on hand reflected $800. 76. The adjusting entry Bella Company will record on December 31, 2009 to adjust the office supplies inventory account would include a A) debit to office supplies expense for $2,800. B) debit to office supplies inventory for $2,200. C) debit to supplies expense for $2,500. D) credit to office supplies inventory for $2,200. E) credit to office supplies inventory for $2,800. Register to View AnswerDifficulty: Medium L.O.: 2 78. At the end of its accounting period, December 31, 2009, August Corporation owed $1,000 for property taxes which had not been recorded or paid. Therefore, the 2009, adjusting entry should be A) $1,000 credited to an expense account and debited to a liability account. B) $1,000 debited to an expense account and credited to an asset account. C) $1,000 credited to a liability account and debited to an expense account. D) $1,000 debited to a liability account and credited to an asset account. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 82. Failure to make an adjusting entry to recognize accrued wages payable would cause an A) understatement of expenses, liabilities and stockholders' equity. B) overstatement of expenses and liabilities. C) understatement of expenses and liabilities and an overstatement of stockholders' equity. D) understatement of assets and stockholders' equity. E) understatement of expenses and stockholders' equity. Register to View AnswerDifficulty: Medium L.O.: 2 31 83.Failure to make an adjusting entry to recognize rent revenue receivable would cause A) an understatement of assets, net income, and stockholders' equity. B) an overstatement of assets and stockholders' equity and an understatement of net income. C) no effect on assets, liabilities, net income, nor stockholders' equity. D) an overstatement of assets, net income, and stockholders' equity. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 2 97. When Mason Company reports $200,000 of revenue and $220,000 of expenses for 2009, the following is the effect: A) Lowry's retained earnings is increased by the net income. B) Lowry's contributed capital is increased by the net income. C) Lowry's retained earnings decreases by the net loss. D) Lowry's total stockholders' equity decreases by the net loss. E) Both C and D occur. Register to View AnswerDifficulty: Medium L.O.: 3 99. A) B) C) D) E) An income statement reports revenues, expenses, assets, and liabilities during an accounting period. resources, liabilities, and stockholders' equity of a business at a point in time. net income of a business at a point in time. net income of a business for a period of time. sources and uses of cash during a period. Register to View AnswerDifficulty: Easy L.O.: 3 111. Which of the following errors would most likely lead to an overstatement of income? A) Recording revenue next period when the cash is collected although it is earned in the current year. B) Recording an expense incurred this year when the cash is paid next year. C) Failure to adjust deferred rent revenue account for the portion of rent earned this year. D) All of the above lead to overstated income this period. E) None of the above leads to overstated income this period. Register to View AnswerDifficulty: Hard L.O.: 3 32 117. Closing entries A) are required to reduce the balances in the nominal accounts to zero at the end of each period. B) transfer the components of net income to a stockholders' equity account each period. C) establish a zero balance in all revenue and expense accounts at the end of each period. D) are required so that the income statement accounts will be prepared to collect revenue and expense amounts for the subsequent period. E) All of the above are correct. Register to View AnswerDifficulty: Medium L.O.: 5 120. Both the depreciation expense account and the accumulated depreciation account at the end of the first year of operations A) are closed. B) appear in a trial balance prepared after the adjusting entries but before the closing entries. C) are not closed at the end of the accounting period. D) appear in a trial balance prepared prior to the adjusting and closing entries. E) None of the above is correct. Register to View AnswerDifficulty: Medium L.O.: 5 121. Nominal accounts are A) temporary accounts. B) closed at the end of the accounting period. C) include income statement accounts. D) used to collect data for the current accounting period only. E) All of the above are correct. Register to View AnswerDifficulty: Medium L.O.: 5 123. Which one of the following accounts would not be closed at the end of the accounting year? A) Utilities expense. B) Sales revenue. C) Prepaid rent expense. D) Wages expense. E) All of the above would be closed. Register to View AnswerDifficulty: Medium L.O.: 5 33 124. A trial balance prepared after the closing entries have been posted would exclude which one of the following accounts? A) Inventory. B) Accounts receivable. C) Accumulated depreciation. D) Tax expense. E) Both C and D would be excluded. Register to View AnswerDifficulty: Medium L.O.: 5 125. Of the following accounts, which one would not appear in the post-closing trial balance? A) Service revenue. B) Supplies inventory. C) Contributed capital. D) Retained earnings. E) All of the above would appear. Register to View AnswerDifficulty: Medium L.O.: 5 129. Which of the following accounts is NOT closed at the end of the year? A) Interest receivable B) Cost of goods sold C) Depreciation expense D) Sales revenue E) All of the above are closed Register to View AnswerDifficulty: Medium L.O.: 5

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Texas A&M - BIOL - 112
Josh Gavin Biol 112-538 Cladogram and Questions 34-35 1. The two most similar organisms share 4 traits. 2. The two least similar organisms share 2 traits. 3. Species 1 and Species 2 are the most similar. 4. 4 synapomorphies are present in the data se
Texas A&M - BIOL - 112
Investigating Cardiopulmonary Parameters in Males and Females By Josh Gavin Biology 112-573 4/10/08The effects of exercise and subsequent rest on the pulmonary and respiratory system were tested during Biology 112 lab. Pulse rate, respiratory rate,
Texas A&M - BIOL - 112
Lab #1 Population Genetics Population Genetics - Definitions Population-Group of individuals of the same species living in the same area Species-Group of individuals able to interbreed Gene pool-All the alleles in a population Gene-Unit of DNA that d
Texas A&M - BIOL - 112
LAB 2 Evidence of Evolution Objectives Differentiate between systematics, taxonomy, and phylogeny Identify hierarchical levels of taxonomic classification Distinguish among monophyletic, paraphyletic, and polyphyletic lineages Describe the four unify
Texas A&M - BIOL - 112
Lab 3 Single-celled Organisms Taxonomy Domain Kingdom Phylum (animal) or Division (plant) Class Order Family Genus Species Three Domains Bacteria o Most familiar prokaryotes including most disease-producing bacteria, bluegreen bacteria, and benign ba
Texas A&M - BIOL - 112
Monocot Floral Arrangement 3's Leaf Venation Vascular bundles Habit Roots Growth Examples: Parallel Scattered Herbaceous Fibrous Primary onlyDicot 4's and 5's Net Ring Herbaceous + Woody Taproot Primary and SecondaryGrass, Palm, Orchid Oaks, Rose
Texas A&M - BIOL - 112
Lab 5 Flowering Plant Anatomy Plant Tissues Roots Anchor the plant, absorb and transport water and nutrients, and store the products of photosynthesis Stems Support the leaves, flowers and seed stalks, and transport water and nutrients through the pl
Texas A&M - BIOL - 112
Fungal Ecology Lab 6Fungi are NOT plants More closely related to eukaryotesWHY? Characteristics common to both fungi and animals (synapomorphies): Use chitin as a structural material Fungal cell walls and insect exoskeletons Heterotrophic Glucose
Texas A&M - BIOL - 112
Quiz 1 1. What are 3 of the 5 conditions for a population to be in H-W Equilibrium? (3 pts) Infinitely large population No migration No mutation Random Mating No natural selection 2. The frequency of "A" in a population is 0.8. [Assume Hardy-Weinberg
Texas A&M - BIOL - 112
Quiz 2 1. What are the two fundamental concepts of the theory of evolution? a. Species change over time b. Species are related through descent from a common ancestor 2. What are homologous structures? How are they different from analogous structures?
Texas A&M - BIOL - 112
Quiz 3 1. Name the 3 Domains and 1 characteristic for each. Bacteria single-celled organisms with no membrane-bound organelles. Archaea single-celled organisms that live in extreme environments Eukarya single or multi-cellular organisms with membr
Texas A&M - BIOL - 112
Quiz 4-Key 1. What is the function of the xylem? (1 pt) Conducts water and minerals from the roots through the plant. 2. What is the function of phloem? (1 pt) Transports the products of photosynthesis through the plant. 3. What are two of the three
Texas A&M - BIOL - 112
Review Sheet Lab 1 1. What are the conditions for a population to be in Hardy-Weinberg equilibrium? Why does this never happen in real life? a. If A=0.8, what is the frequency of "a"? (allele frequencies) b. What is the frequency of AA, Aa, and aa? (
Texas A&M - BIOL - 112
Josh Gavin Biology 112-573 4/16/08 Urinalysis Procedure The first test of the urine sample was a Chemstrip. The strip was immersed in the urine making sure that all the various patches were completely covered. This was then allowed to dry and results
West Point - SOSH - SS201
SS201 Review Sheet and Practice Problems for WPR1 (Spring 08): Solutions to the practice problems are below so you can verify your work! This document contains a review sheet and practice problems for WPR1. The answers to the questions that follow wi
West Point - SOSH - SS201
SS201 Review Sheet and Practice Problems for WPR1 (Spring 08): This document contains a review sheet and practice problems for WPR1. The answers to the questions that follow will not be graded, but all cadets are required to complete this review shee
West Point - SOSH - SS201
SS201 Practice Problems for WPR2 (Spring 08): This document contains practice problems for WPR2. The answers to the questions that follow will not be graded, but all cadets are required to complete the practice problems prior to the Lesson 20 Review.
West Point - SOSH - SS201
SS201 Practice Problems for WPR2 (Spring 08): This document contains practice problems for WPR2. The answers to the questions that follow will not be graded, but all cadets are required to complete the practice problems prior to the Lesson 20 Review.
West Point - PY - 201
Critical Reasoning Written Partial Review Version 2Section I Recognizing Arguments (12 points) 1. What determines whether a claim is true or false? The truth of a claim is determined by its consistency with the actual world.2. What is the differ
West Point - PY - 201
Critical Reasoning Written Partial Review Version 1Section I Recognizing Arguments (12 points) 1. What is the difference between physical possibility and logical possibility? Physical possibility pertains to what things are possible given the cons
Washington State - EE - 351
Washington State - EE - 351
Washington State - EE - 351
Washington State - EE - 351
Washington State - EE - 351
Milwaukee School of Engineering - CHEMISTRY - 201
9-7-07 Ch 200-42Experiment oneProving Dalton's Law of ProportionsExperiment one:Purpose: The purpose is to validate Dalton's law of proportions in part one and further back up our findings through experimentation in part two.Data and Calculat
Milwaukee School of Engineering - CHEMISTRY - 201
1Experiment 2: Determination of the composition of a mixture CH 200 - 42Dr. Paliwal Performed 9-14-07 Submitted 9-18-072 Purpose: The purpose of experiment number two is to determine the composition of a mixture of sodium carbonate and sodium b
Milwaukee School of Engineering - CHEMISTRY - 201
9-20-07 Ch 200-42Experiment ThreeProving Dalton's Law of ProportionsPurpose: The purpose is to determine the heat of combustion of magnesium metal and contrast the results with theoretical values.Data and Calculations: Equations: 1. 2. 3. 4. 2
Milwaukee School of Engineering - CHEMISTRY - 201
10-5-07 Ch 200-42Experiment FiveDetermining Atomic Mass of AluminumPurpose: The purpose of this experiment is to determine the atomic weight of aluminum by reacting it with an acid and measuring the Hydrogen gas that is formed.Equations: 1.) 2
Texas Tech - POLS - 1402
Classical inflation and unemployment rise in prices w/o corresponding rise in quality Classical inflation based on overheated demand. Unemployment when people willing and able to work cannot find employment. Classical unemployment the result of econ
Texas Tech - MATH - 1330
1. Rectangular coordinate system/Cartesian coordinate system two real number lines that are intersected at 90 degree angles 2. x-axis Horizontal number line 3. y-axis vertical number line 4. origin the point of intersection of the x and y axes wh
Texas Tech - MATH - 1330
Chapter 2 Vocabulary relation any set of ordered pairs (x,y) function relation with a special property any x-value will correspond to exactly 1 y-value domain set of all possible x-values range set of all possible y-values independent variable
Texas Tech - MATH - 1330
Chapter 4 Vocabulary 1. exponent a small number written with another big number that tells how many times to multiply the big number by itself. 2. base One side of a polygon, usually used as a reference side for other measurements. Most often used
Texas Tech - MATH - 1330
Chapter 5 Vocabulary 1. system of linear equations- collection of linear equations involving the same set of variables. 2. solution to a system of linear equations- an assignment of numbers to the variables such that all the equations are simultaneou
The University of Oklahoma - ACCT - 2113
CHOOSE THE BEST ANSWERChapter 1 1. Which of the following is not one of the four basic financial statements? a. b. c. d. 2. balance sheet audit report income statement statement of cash flowsAs stated in the audit report, or Report of Independent
UCSD - MAE - 9
HOMEWORK 1: /* MAE 9: Homework #1, Spring 2007 Due on Thursday, April 12, Turnin time from 9:00am-9:00pmWrite a C program (hw1.c) that: A. prints on the terminal screen a sentence: "I am writing my first C program." Print this sentence three times,
Pepperdine - ENG - 101
Elliot Anderson Final Essay The Atheists Outlook One of the most vital components for a successful and ideal society is charity and time and humanitarian efforts that are volunteered to better the community . Unfortunately, atheists have a bad reputa
UConn - PHIL - 106
April 7, 2008 Paternalism (policy of assuming most people don't know what's good for them, so government has to choose for them whether they want it or not) 8.9- common people can't be made to understand the way, they can be made to follow 10 p.134 1
UConn - PHIL - 106
April 16, 2008 MILL The Project: drawing a line between what's society's business and what's only your business. Background Mill's Utilitarianism The Theory: what is best is what produces the greatest possible happiness The direct harm principle- pag
UConn - CAMS - 103
April 11, 2008Athenian MythYankee Doodle Dandy song -After evacuation day when British were kicked out of Boston -Significance of tune -Gay social club name = macaroni. - Why it's fashionable? -Why are they singing a song that mocks them? - It's co
Pepperdine - HUM - 111
The Roman RepublicB Thought Exercises 1. The struggle of the orders occurred throughout the third, fourth, and fifth centuries BC. Although it is called a struggle, it was a quite peaceful time. The "orders" were the patricians, who were the wealthy
Pepperdine - HUM - 111
HUMANITIES 111.01 - WESTERN HERITAGE ITuesdays and Fridays 12:00-1:30 PM, Elkins, 3 units, No Prerequisites, Spring 2008Professor Sonia SorrellAssociate Professor of Art History & Western Heritage Office: AMB 124, call extension #6230 or e-mail:
Pepperdine - HUM - 111
HUM 111 THE MIDDLE AGES AND THE SEARCH FOR ORDER Professor Sonia Sorrell Early Middle Ages "Dark Ages" versus "Middle Ages" or the "Medieval Era" Over expansion of Roman Empire, weakening of the strong central government Diocletian divided Empire int
Pepperdine - HUM - 111
The Rise and Spread of Islam Islam in the newest of the world's major religions-622 AD More Muslims in the world than Christians? Some reports say yes Arabs: Greek name Originally individuals who lived in arid peninsula Now: ethnic identity South: "s
Pepperdine - ENG - 101
Elliot Anderson Faith and Reason Essay #2 Topic Choice #2 Calling God's Bluff Soren Kierkegaard raises many important questions in Fear and Trembling. He questions the ethicality of God's manipulation of Abraham, and he questions, yet commends Abraha
Pepperdine - ENG - 101
Elliot AndersonExamining Virtuous ExtremistsEssay # 1: Question #3We've all had that friend, the one who subtlety tears you down, or who is consistently negative, and after time whether you notice it or not, they begin to affect your attitude.
Pepperdine - ENG - 101
Elliot Anderson Lead Discussion Essay Kierkegaard In Fear and Trembling, Soren Kierkegaard raises numerous questions that probe the fabric of religious theology. He toys with the story of Abraham and Isaac, and realizes it has many strong implication
Pepperdine - ENG - 101
Elliot Anderson Faith and Reason Essay #3: Choice #1 Naturally SexualSt. Thomas Aquinas on Politics and Ethics is no doubt a pertinent and interesting read, particularly for the Christian. However, natural law lacks its own "necessary and proper cl
Pepperdine - HUM - 111
The Ancient Near East: The Politics of PowerReading NotesWE: pp. 7-13The First CivilizationsI. The First Civilizations in Mesopotamia: Sumer & Babylonia*Mesopotamia: land between 2 rivers (Tigris & Euphrates) *Home to one of earliest writing
Pepperdine - HUM - 111
The Aegean: Contact Point of the Ancient WorldGeography When you are in Greece you are never more than 40 miles away from the ocean There are mountains all around and most even have ice all year round on top, rugged mountain terrain Allowed ea
Dallas - ENG - 2301
Shayne ThompsonHurricane Katrina On Sunday afternoon me and one of my friends on the baseball team went to church and then went home to get something to eat and that's where are discussion began. Our discussion was about hurricane Katrina. We both
Dallas - ENG - 2301
Shayne Thompson Professor link 3-4-08Dysfunctional Family There are a couple of issues in this story. The first is that Glenda's Father is unemployed and has a serious drinking problem, he is constantly putting down Glenda's Mother yelling at her a
Dallas - ENG - 2301
Shayne Thompson Mrs Westburry English 1302-2006 Hamlet Hamlet's Struggle Hamlet is going through a rough time in his life he was raised close to his father. His father is the ruler of the kingdom in which they live in which is in Denmark. He has an i
Dallas - ENG - 2301
Shayne Thompson English 1302-2006 Feb 4, 2008 Many Rivers To Cross Many rivers to cross is a great story about a girl who loses a lot in her life and goes through many tough times. I think that this story was really a story to make u thankful for wha
Pepperdine - HUM - 111
Ancient Egypt I: The Old Kingdom The Quest for ImmortalityClass Notes HerodotusA. Herodotus : known as the first historian. Traveled all around Mediterranean went to Egypt and saw pyramids (by then they were 2000 years old) Wrote down mummificati
Pepperdine - HUM - 111
Archaic Greece: The West EmergesHellas (Hellenic) We call them Greeks, Latins called them Grekei. This is the study of Hellenic CultureDark AgesSevere decline in population, no writing, no monumental art or architecture. People ceased to live in
Pepperdine - HUM - 111
Classical Greece I: Politics and WarEffects of Geography of Poleis during Archaic Period Individual Polis' in Greece (all spoke Greek, but all had a little variation of on accents due to splits in geography). They all had different cultural traits
USC - BUAD - 311
1. a) Profit = Max($1*Regular + $3*Premium): Regular Changing Cells Profit 0 $1.00 Premium 15 $3.00 Total$45.00With the following constraints: Regular Dough Chips 1 10 Premium 1 20 Resources Used 15 <= 300 <= 24 300b) See attached sheet c) Reve
USC - BUAD - 311
Operations Management April 2008 Homework #7 1. a) $396 b) 2400 Cookies c) $436 2. Price = $10 Cost = $4 Salvage = $1.50 Mean = 250 = 34 3. a) 8 months in advance b) $3600 c) $400 d) $4200m+z , SL = MP/(MP+ML) MP/(MP+ML) = 6/8.5 = .7059 250 + .54(3
Pepperdine - HUM - 111
Classical Greece II - The Triumph of HumanismBackground Post Persian War (5th century b.c. so dates start with 4) Population of Athens : about 300,000 very large polisGreek ThoughtPhilosophy Phil part means love and the sophy (Sophia) part me
Pepperdine - HUM - 111
Classical Greece III: Religion and the ArtsTheatre of Dionysus Ancient Mystery Religion of the Cult of Dionysus Agora Lower city, meeting place, marked with boundary stones as sacred area Panathenaic Festival Panathenaic Parade: started outside w