A100_Exam_1_Spring_2_2007 Version A

A100_Exam_1_Spring_2_2007 Version A - A100 Exam 1 Spring 2...

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A100 Exam 1 Spring 2 2007 Second Eight Weeks Exam version A Instruction 1: Fill in the information below. Write clearly: NAME (print): E-mail address: . Name (Signature): Student i.d. # : . Course Section #: . Instruction 2: Read carefully and follow the directions below: There are 32 multiple-choice questions on this exam. Be sure your exam is complete. You will have until 11:00 p.m. to finish the exam. For each question, select the best answer from among the alternatives provided. In order to receive credit for your answers, you must mark them on the machine-readable answer sheet provided. Answers on the exam itself will not be considered in grading the exam. The answer sheet should be completed as follows: - Name (Last name (followed by a space), then first name. Fill in the bubbles below. See example at the front of the room. - Student identification number. Fill in the bubbles below. See example at the front of the room. - In the “Special Codes” area, fill in your section number in columns (k through o). Fill in the bubbles below. See example at the front of the room. - There are multiple versions of this exam. Indicate your version on the answer sheet by entering an “A” in the very last space of the NAME section of your answer sheet. Fill in the “A” bubble below. See example at the front of the room. You may not use calculators or scrap paper during the exam. When you complete the exam (including checking your work if you have time), place your answer sheet behind your exam and turn both the exam and answer sheet in to the exam proctor as you leave the room. NO EXAM MATERIALS MAY LEAVE THIS ROOM. Failure to turn in all exam materials is a violation of the Honor Code. Do not ask the exam proctors questions during the exam. If you discover an error or ambiguity on the exam, make the best assumption you can and continue working. GOOD LUCK!
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1. Which of the following is a Big-4 accounting firm? e None of the above 2. a accounts payable, prepaid insurance, inventory, cost of goods sold b accounts payable, prepaid insurance, cost of good sold, accounts receivable c accounts payable, accounts receivable, depreciation expense, accounts receivable d accounts payable, retained earnings, inventory, prepaid rent e accounts payable, unearned revenue, inventory, prepaid rent 3. The governmental entity that requires companies to file 10-K's is commonly known as the: a SEC b FASB c GAAP d IRS e DOJ 4. Which of the following statements is true? a A company can not report revenue on its income statement beforel it has collected it in cash. b A company can not report interest expense on its income statement before it has paid the interest in cash. c
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A100_Exam_1_Spring_2_2007 Version A - A100 Exam 1 Spring 2...

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