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chapter7 - View Results Ch 07 Multiple Choice Quiz Name...

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View Results Ch 07: Multiple Choice Quiz Name: Alona Yavorski Attempt: 1 / 1 Out of: 10 Started: March 2, 2009 9:02pm Finished: March 2, 2009 9:41pm Time spent: 38 min. 57 sec. Student finished 1 min. 3 sec. ahead of the 40 min. time limit. Question 1 (1 point) Which of the following is not considered cash for financial reporting purposes? Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. Petty cash funds and change funds 0.0% b . Money orders, certified checks, and personal checks 0.0% c. Coin, currency, and available funds 100.0% d . Postdated checks and I.O.U.'s Score: 1 / 1 Question 2 (1 point) Bank overdrafts, if material, should be Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. reported as a deduction from the current asset section. 0.0% b . reported as a deduction from cash. 0.0% c. netted against cash and a net cash amount reported. 100.0% d . reported as a current liability.
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Score: 1 / 1 Question 3 (1 point) The category "trade receivables" includes Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. advances to officers and employees.
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