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Lu Old Quizzes - Reminders Exam 1 Review Questions Dr Ron...

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Exam 1 – Review Questions Dr. Ron Lazer Source: Dr. Lu’s Old Quizzes 1. Sat., Sep 26, 1:00 pm, Rooms 150, 170 & 180, length: 75 minutes, or 2. Fri., Sep. 25, 1:00 pm, Room 160, 75 minutes (sign at the lab – 133MH) 3. Alternate seating!!!!!! 4. Be sure to bring: A. Picture ID B. No. 2 pencil and a good eraser C. 4 function calculator 5. Properly complete the Exam Answer Sheet 6. Know your people soft number Ron Lazer, Ph.D. Reminders 1. Which of the following would not appear on a balance sheet? a. Merchandise inventory b. Accounts payable c. Common stock d. Dividends 2. Which of the following is not a current asset?
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3. Kim Corporation sold inventory that had a historical cost of $1,500 for $4,600 to a customer on account. This transaction is an example of which of the following? 4. “Claims on the resources that result from benefits previously received by the company, which require that a specified amount be paid on a specified date.” This statement describes which of the following?
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