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2004 Spring Accounting_011_exam_1___Spring_2004

2004 Spring Accounting_011_exam_1___Spring_2004 - Temple...

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Temple University Fox School of Business and Management Dr. Steven Balsam Accounting 011 Exam #1 February 12, 2004 Instructions: You have 150 minutes. Answer the questions on the pages provided and please remember to show all work so that you may receive partial credit. Also please put your name on each page in case the pages get separated. Good luck!
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Name ________________________________ Answer Sheet for Multiple Choice 1. ________________ 2. ________________ 3. ________________ 4. ________________ 5. ________________ 6. ________________ 7. ________________ 8. ________________ 9. ________________ 10. ________________ 11. ________________ 12. ________________ 13. ________________ 14. ________________ 15. ________________ 16. ________________ 17. ________________ 18. ________________ 19. ________________ 20. ________________
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Multiple Choice (2.5 points each – 50 points total – please include answers on answer sheet). 1. Companies that are listed on a stock exchange are required to submit their financial statements to the a. AICPA. b. APB c. FASB. d. SEC. 2. Posting is the process of transferring items entered in a general journal to the 3. Investors and creditors can use the information in the income statement to 4. A change in depreciation from the double-declining to the straight-line method would be accounted for as a (an) 5. Earnings per share is computed as net income a. Divided by the weighted average of common shares outstanding. b. Minus preferred dividends divided by the weighted average of common shares outstanding. c. Divided by the ending common shares outstanding. d. Minus preferred dividends divided by the ending common shares outstanding.
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