Quiz 1 2008 sol

Quiz 1 2008 sol - Acc410 Professor Hung Quiz 1, Spring 2008...

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Acc410 Professor Hung Quiz 1, Spring 2008 Student Name: ________________ Session (Circle one): MW 10:00-11:50, 12:00-1:50 Rule: It is closed book exam – you may NOT use notes, books, computers, etc. You may, however, use a simple calculator. If a question is unclear, make an appropriate assumption that does not contradict any information given in the question. You are NOT allowed to ask the instructor questions during the quiz unless you believe that there is a mistake in your quiz. Section 1: Multiple Choice : Choose the single best answer (5 points each) 1) ____c____ What is the “main message” conveyed by the Balance Sheet? a. Cash flows for the year b. Performance for the year c. The financing and investing activities of the company at a point in time d. The financing, investing and operating activities of the company 2 _____b___ Which one of the following items is considered an asset in the balance sheet? a.
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This note was uploaded on 06/23/2008 for the course ACCT 410x taught by Professor Bonner during the Spring '06 term at USC.

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Quiz 1 2008 sol - Acc410 Professor Hung Quiz 1, Spring 2008...

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