Ch1 Homework unproctoredTest

Ch1 Homework unproctoredTest - Homework Manager - Financial...

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Online Homework System Assignment Worksheet 6/21/08 - 2:46 PM Name: ____________________________ Class: Financial Accounting ACCT 116A - Tuttle (Summer2) Class #: ____________________________ Section #: ____________________________ Instructor: Tracy Tuttle Assignment: Chapter 1 Homework Question 1: (2 points) Identify the primary organizations in the U.S. that are responsible for setting standards related to the preparation of accounting information. Select all that apply. (a) American Institute of Certified Public Accountants (AICPA) (b) Public Company Accounting Oversight Board (PCAOB) (c) Financial Accounting Standards Board (FASB) (d) The Securities and Exchange Commission (SEC) Question 2: (2 points) Identify the external users of accounting information. Select all that apply. (a) Creditors (b) Business unit managers (c) Investors (d) Plant managers (e) Regulators (f) Customers Question 3: (2 points) Exercise 1.6: Investment Return You recently invested $12,000 of your savings in a security issued by a large company. The security agreement pays you 7 Page 1 of 3 Homework Manager - Financial Accounting ACCT 116A - Tuttle (Summer2) 6/21/2008 http://mh7.brownstone.net/modules/unproctoredTest.Print
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percent per year and has a maturity two years from the day you purchased it. What is the total cash flow you expect to receive from this investment, separated into the return on your investment and the return of your investment? Ex. 1.6
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This note was uploaded on 09/24/2008 for the course ACCT 116A taught by Professor Tuttle during the Summer '08 term at San Diego.

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Ch1 Homework unproctoredTest - Homework Manager - Financial...

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