2340-Final-S06remake - Final Exam ADM 2340 A and B...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Final Exam ADM 2340 A and B Financial Accounting Remake Exam Summer 2006 Professor: Marc Tassé Time: 3 hours Student Name: _________________________________ Student #: _____________________________________ Section: ____________ *READ CAREFULLY* Instructions 1. This exam comprises 16 pages, is 3 hours long, and is out of 100 marks. Allow an average of 1.8 minutes per mark. 2. Follow instructions carefully for each question. 3. Show all supporting calculations clearly where required. Answers will not be marked if they are written illegibly. 4. Non-programmable calculators are permitted, but you cannot share calculators. 5. Books and notes are not permitted. 6. Please do not ask the professor or the invigilator to explain or interpret questions. State any assumptions you feel are necessary. 7. There is one page at the back of this exam for additional space, if required. Q1 /50 Q2 /7 Q3 /12 Q4 /8 Q5 /9 Q6 /7 Q7 /7 TOTAL /100
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Statement of Academic Integrity: The School of Management does not condone academic fraud, an act by a student that may result in a false academic evaluation of that student or of another student. Without limiting the generality of this definition, academic fraud occurs when a student commits any of the following offences: plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries or other study aid unless an explicit written note to the contrary appears on the exam, to have in his/her possession cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has not been previously authorized in writing. Statement to be signed by the student: I have read the text on academic integrity and I pledge not to have committed or attempted to commit academic fraud in this examination. Signed: ________________________________________ Note : An examination without this signed statement will not be graded and will receive a final exam grade of zero.
Background image of page 2
3 QUESTION NO. 1 (50 marks – 90 minutes) Circle the best answer for each of the following multiple-choice questions directly onto your examination sheet. Only one answer will be accepted for each question. There is no penalty for guessing. No account will be taken of any explanations provided. Questions 1 to 20 are each worth one mark 1. The process of selling a company's accounts receivable is called: a. Pledging b. Recoursing c. Factoring d. Assuming 2. Which of the following is not a reconciling item when preparing a bank reconciliation? a. Bank service charges not recorded by the corporation b. Outstanding cheques c. Interest collected on a note receivable by the bank and recorded by the corporation d. Outstanding deposits 3. Which of the following statements best describes net realizable value when applying the LCM rule? a.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/08/2009 for the course TEFLER ADM1300 taught by Professor Koppel during the Fall '09 term at University of Ottawa.

Page1 / 15

2340-Final-S06remake - Final Exam ADM 2340 A and B...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online