quiz_1-form_1 - Name:_ Section No.:_ Student ID #_...

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Name:__________________________ Student ID #________________ Section No.:___________ ACC201- Sample Quiz 1 Questions Form 1 DO NOT OPEN THIS BOOKLET UNTIL TOLD TO DO SO Instructions: 1. Show your student ID when requested in order to receive the quiz. 2. Complete the bubble sheet with your printed name, PID number, Section Number, and Form Number . Then bubble in this information too . Be careful to clearly and cleanly complete this information . 3. Choose the best answer for each question from the choices given and bubble in your answer to the corresponding question number. Only answers filled in on the bubble sheet will be used for grading purposes. 4. The quiz contains ten multiple choice questions worth 4 points each, for a total of 40 points. It is your responsibility to make sure your exam booklet has all ten questions . 5. Turn in the bubble sheet and this exam booklet to YOUR SA and make sure they check your name off of their class list.
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1. Which of the following users will be most interested in a firm’s ability to repay its debts or obligations? A. present and potential investors B. the Internal Revenue Service C. the firm’s accountants and auditors D. present and potential creditors 2. A firm pays an account payable. This transaction A. increases both assets and liabilities. B.
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This note was uploaded on 04/02/2008 for the course ACCT 201 taught by Professor Anothony during the Spring '07 term at Michigan State University.

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quiz_1-form_1 - Name:_ Section No.:_ Student ID #_...

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