MODEL_EXAM - FNA1002X NATIONAL UNIVERSITY OF SINGAPORE...

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

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

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

Unformatted text preview: FNA1002X NATIONAL UNIVERSITY OF SINGAPORE Semester 1 (2007/2008) MODEL EXAM FNA1002X FINANCIAL ACCOUNTING December 2007 - Time Allowed 2 Hours __________________________________________________________________________ INSTRUCTIONS TO CANDIDATES 1. This examination paper contains TWO (2) sections and comprises TWENTY (20) printed pages. 2. Section A consists of TEN (10) multiple-choice questions. Answer ALL questions using the separate answer sheet (Form CC-2) provided. Refer to page 2 for further instructions. 3. Section B consists of FOUR (4) questions. Answer ALL questions by writing your answers in the spaces provided after each question in this question booklet. 4. This is an OPEN-BOOK examination. 5. You may use University-approved calculators. 6. You have to submit BOTH this question booklet and the answer sheet at the end of the examination. 7. Write your student matriculation number below. If you write the wrong matriculation number (including failure to write), you will receive zero mark for this examination. Matriculation Number: For Examiners’ Use Only: Section B Question Marks 1 2 3 4 TOTAL - 2 - FNA1002X __________________________________________________________________________ SECTION A (20 marks) : Multiple Choice Questions Required: a) Answer ALL questions in this section using the separate answer sheet (Form CC-2) provided. b) Use a dark pencil (or black marker) to complete the answer sheet. c) Skip section A (Personal Particulars) of the answer sheet. Do NOT write your name. d) Write your matriculation number in the boxes at the top row of section B (Matriculation Number) of the answer sheet, and shade completely the corresponding circle below each box. Your matriculation number starts with “U” or “NT”, followed by 6 numbers and then a letter — you are to write/shade the 6 numbers and the last letter, i.e. omit the starting “U” or “NT”. Failure to write/shade the correct matriculation number will result in zero mark for this examination. e) For each question, choose the best answer and shade completely the corresponding circle on the answer sheet. Your answers are to be indicated using answer items 1 to 10 on section C (Answer) of the answer sheet. f) Each question carries 2 marks . No marks will be deducted for incorrect answers. g) The 10 questions begin below and end on page 5. 1. Apple Tree (S) Pte Ltd's primary operations are in Singapore, and it is exempt from paying income tax. Its financial statements for the current year include the following: Income from normal operations $744,000 Prior period adjustment (effect is to increase prior year net income) 228,000 Cash dividends paid to preference shareholders 242,400 Gain from discontinued operations 492,000 Exceptional loss due to monsoon flooding at factory 114,000 On the basis of this information, net income for the current year is: A) $ 744,000 B) $1,122,000 C) $1,364,400 D) $1,478,400 - 3 - FNA1002X __________________________________________________________________________...
View Full Document

This note was uploaded on 12/23/2009 for the course BIZAD FNA1002X taught by Professor Edmundkeung during the Fall '09 term at National University of Singapore.

Page1 / 20

MODEL_EXAM - FNA1002X NATIONAL UNIVERSITY OF SINGAPORE...

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