Sample_Exam_Solutions

Sample_Exam_Solutions - Sample Exam Part I Multiple Choice...

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Sample Exam Part I Multiple Choice (3 pts each) Insert in the space provided the letter representing the best choice. _A__1. Identifying those features of an investment alternative that are directly related to a decision-maker’s felt need is called the: a. objective function. b. decision constraint. c. decision rule. d. choice criterion. _D__2. Which of the following does not represent an accrued revenue or expense? a. Interest expense recognized on a loan. b. Performance of a service after cash is received in advance. c. Depreciation. d. Taxes paid. __D_3. Which of the following concepts is not associated with inflation accounting? a. Monetary asset. b. Price index. c. Monetary liability. d. Unrealized gain on sale of an asset. __B_4. If you are indifferent between $1 today or $1.21 two years from today, your time preference rate is a. 5% b. 10% c. 21% d. None of the above. Part II Short Problems 1. Owners’ equity for ABC Company increased from $2,500 at the beginning of the year to
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This note was uploaded on 05/24/2008 for the course ACC 203 taught by Professor Choi during the Spring '08 term at NYU.

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Sample_Exam_Solutions - Sample Exam Part I Multiple Choice...

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