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SCN_0001 - Version 1 ECON 3A FALL 2008 FINAL EXAM WRITE...

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Unformatted text preview: Version 1 ECON 3A FALL 2008, FINAL EXAM WRITE YOUR NAME ON THIS EXAM AND COMPLETE QUESTIONS #39, 40, 41 & 42 IN THE SPACE PROVIDED-- AND TURN THE EXAM IN! WRITE YOUR VERSION # ON YOUR SCANTRON. ANSWER QUESTIONS 1-38 ON YOUR SCANTRON. Name: Perm #: 1. Cash flows from operating activities. as reported on the statement of cash flows under the indirect method, would include A) receipts from the issuance of capital stock. .. B) payments for dividends. C) receipts from the sale of investments. D) net income. 2. Stockholders' equity is increased by A) expenses. B) liabilities. C). revenues. D) dividends. 3. The primary difference between prepaid and accrued expenses is that prepaid expenses have A) not been paid and accrued expenses have. B) not been recorded and accrued expenses have. C) been incurred and accrued expenses have not. D) been recorded and accrued expenses have not. 4. Which one of the following is not a tool in financial statement analysis? A) Ratio analysis C) Circular analysis B) Horizontal analysis D) Vertical analysis 5. Investing activities include A) obtaining capital from owners. C) repaying money previously borrowed. B) collecting cash on loans made. D) obtaining cash from creditors. 6. Assume the following sales data for a company: 2008 $900,000 2007 840,000 , g 2006 700,000 ‘? r“. 1} Cb : If 2006 is the base year, what is the percentage increase in sales from 2006 to 2007? A) 25% B) 20% C) 167% D) 125% " (JJ/V‘L/lvkaf Q {DERM- Version I Page i ...
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