ADM2340_Midterm_F08 with solutions

ADM2340_Midterm_F08 with solutions - SOLUTIONS ADM 2340...

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Unformatted text preview: SOLUTIONS ADM 2340 Financial Accounting Mid Term Exam - Fall 2008 Section Professor Check one / A: Collier B: Pyper C: Collier D: Pyper E: Soares F: Philion G: McIlkenny STUDENT NAME: .................................................... STUDENT NUMBER: .................................................. Instructions : 1. Answer all questions in this booklet. Booklet is not to be removed from the examination room. You may separate the pages but ensure that you put them back together and staple before handing in. 2. Limit your answer to the space provided. Indicate if you use the back of a page. 3. The use of standard abbreviations (for example, A/R for Accounts Receivable and COGS for Cost of Goods Sold) is quite acceptable. 4. Budget about 1.5 minutes per mark . Please do not ask the invigilators questions. Make reasonable assumptions where necessary. 5. Language dictionaries are allowed. 6. The use of electronic communication devices such as cell phones is strictly prohibited during the exam. 7. You must sign page 2 of this exam. Question Max Marks Multiple Choice Part I 1 to 20 /20 Multiple Choice Part II 21 to 30 /20 Exercises and Problems 31 /10 32A /20 32B /10 Total 80 ADM2340 Fall 2008 Mid Term Page 1 of 16 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 an exam grade of zero. ADM2340 Fall 2008 Mid Term Page 2 of 16 Questions 1 to 20 Multiple Choice Part I (20 marks) Select the best answer for each of the following 20 multiple-choice questions and enter your answer on the Scantron sheet provided. Only one answer will be accepted for each item. There is no penalty for guessing. No account will be taken of any explanations provided. Each multiple-choice question is worth 1 mark. 1. Which of the following amounts would be shown net of tax on an income statement?...
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ADM2340_Midterm_F08 with solutions - SOLUTIONS ADM 2340...

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