Fall00Test1

Fall00Test1 - FALL 00 BA 71 TEST#1 NAME SECTION Ch 1 The...

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FALL 00 BA 71 TEST #1 NAME_________________ SECTION_____ 1. The father of double entry bookkeeping is A. Luca Pacioli B. Ralph Nader C. Al Gore D. George Bush E. Pat Buchanan 2. Which of the following firms is not one of the Big Five? A. Regis and Kathie Lee B. KPMG C. Ernst and Young D. Deloitte and Touche E. Andersen Worldwide 3. Cash from operating activities decreased 78. Cash from investing activities increased 62. Cash from financing activities decreased 54. Beginning cash is 200. What was ending cash? A. 130 B. 162 C. 238 D. 270 E. 394 4. If assets decreased $20,000 during a given period and liabilities increased $4,000 during the same period, stockholders’ equity must have A. decreased $16,000 B. decreased $24,000 C. increased $16,000 D. increased $20,000 E. increased $24,000 5. Beginning balance in total assets was $220,000. Beginning balance in stockholders’ equity was $90,000. Assets increased by 30% during the year, and liabilities increased by 40%. Ending stockholders’ equity is A. $ 76,000 B. $104,000 C. $175,500 D. $208,000 E. $286,000 6. A debit decreases the balances of A. assets and liabilities B. liabilities and stockholders’ equity C. liabilities and expenses D. revenues and expenses E. revenues and dividends 1 Ch 1 N/A 1 1 1 2
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7. A credit increases the balances of A. assets and liabilities B. assets and stockholders’ equity C. liabilities and revenues D. revenues and dividends E. expenses and dividends 8. Which of the following is an example of a real or permanent account? A. Rent Expense B. Royalty Revenue C. Loss on Sale of Land D. Accumulated Depreciation E. Dividends 9. Which of the following is an example of a nominal or temporary account? A. Accrued Interest Receivable B. Supplies C. Interest Expense D. Unearned Rent Revenue E. Prepaid Rent Expense 10. Which of the following is an example of a deferral? A. Interest Payable B. Dues Receivable C. Deferred Advertising Revenue D. Wages Payable E. Both of C and D 11. Which of the following is an example of an accrual? A.
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Fall00Test1 - FALL 00 BA 71 TEST#1 NAME SECTION Ch 1 The...

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