Quiz 1_with solutions - Quiz #1 October 8th Chapter 1-4...

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Quiz #1 – October 8 th Chapter 1-4 ADM2340 F Professor A.Phillion STUDENT NAME (printed):………………………. ............................................................. STUDENT NUMBER: …………………………………. ..................................................... Instructions : Answer all multiple choice questions and all other questions on these pages. These pages are 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. Chapter 1-2 1 - Which one of the following is not a characteristic of accounting information? (1 mark) (a) Relevance (b) Comparability (c) Accountability (d) Materiality (e) Cost/Benefit 2 - Which one of the following is not a characteristic of an asset? (1 mark) (a) Embodies a future benefit that involves a capacity to contribute directly or indirectly to future net cash flows (b) Embodies a responsibility to others that entails settlement by future transfer or use
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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.

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Quiz 1_with solutions - Quiz #1 October 8th Chapter 1-4...

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