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Solution - ACCT 101 Introduction to Accounting for Business...

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1 ! !! !ACCT!101:!Introduction!to!Accounting!for!Business!Majors! Midterm!Examination! Fall!2009! !! !! Name:!! !!!!!!! !! Student!ID:!! !!!!!! ! !! Section!No:! !! Instructions:! ± Please!write!your!name,!student!ID,!lecture!section!number!on!this! page. ! ± Answer!the!questions!within!the!space!provided!on!the!exam!paper.!! ± You!may!use!the!back!of!the!pages!as!scratch!paper.! ± You!need!to!hand!in!all!pages!of!the!exam.! ± Please!make!sure!you!have!all!22!pages!of!the!exam!(11!pages’! questions,!11!pages!for!your!solutions).! ± Watch!your!time!carefully!and!keep!moving!on!the!exam.!Try!your! best!to!attempt!all!questions!on!the!exam.! ± If!you!feel!that!there!is!a!missing!piece!of!information!in!a!question,! make!an!assumption,!write!your!assumption,!and!proceed!with!your! answer.!Proctors!would!not!respond!to!queries!about!the! interpretation!of!exam!questions.!Do!your!best!to!understand!and! answer!exam!questions.! PROBLEM! I! II! III! IV! V! TOTAL! "#\$!"#%&'! (±! *! +*! ²±! (±! +±±! "#%&'!-./#0123! ### # # # ! 4!

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2 Answers!to!Problem!I:! Question Answer Question Answer Question Answer Question Answer 1 %# 6 %# 11 \$# 16 &# 2 '# 7 \$# 12 '# 17 \$# 3 \$# 8 '# 13 &# 18 '# 4 '# 9 '# 14 %# 19 \$# 5 \$# 10 '# 15 &# 20 %# ! ! ! Answer!to!Problem!II: ! !!
3 Answer!to!required!1)!of!Problem!III: ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

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4 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Answer!to!required!2)!of!Problem!III: !
5 Answer!to!required!1)!of!Problem!IV: ! ! ! ! ! ! ! ! ! !

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Solution - ACCT 101 Introduction to Accounting for Business...

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