A100+Exam+1+Spring+1+2008

A100+Exam+1+Spring+1+2008 - A100 Exam 1 Spring 1 2008 First...

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A100 Exam 1 Spring 1 2008 First Eight Weeks Exam version X (DRAFT) 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 xx multiple-choice questions on this exam. Be sure your exam is complete. You will have until 11:15 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 a “D” in the very last space of the NAME section of your answer sheet. Fill in the “D” bubble below. See example at the front of the room. You may not use scrap paper during the exam. The only calculator you may use is the one specifically allowed for A100. When you complete the exam (including checking your work if you have time), place your answer sheet behind your exam (so that your answers are NOT visible to others as you leave your seat!) 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 illegal (i.e., "bad")? a Tax tourism b Tax redaction c Tax avoidance d Tax ebullience e Tax evasion 2 Which of the following would a taxpayer in the United States of America prefer? a $1,000 tax credit b $1,000 tax deduction c $1,000 tax redemption d $1,000 tax exclusion e $1,000 tax reclusion 3 The only people who are allowed to provide audit opinions for publicly-held companies in the U.S. of A. are: a IRS special agents b Certified Internal Auditors c Certified Public Accountants d Certified Financial Auditors e General Accountability Office (GAO) agents 4 The law that was passed as a result of ENRON's misdeeds is known as: a SARBOX b Enrongate c 404 d 302 e McCain-Feingold 5 In the United States, the cost of research and development of new products would appear: a In cost of goods sold b in a manufacturing inventory account c as unearned revenue d as an expense e none of the above 6 The section of the law that requires audits of internal controls for publicly-held companies in the United States is:
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This note was uploaded on 02/24/2011 for the course ECON 302 taught by Professor Prof.ds during the Summer '09 term at Harvard.

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A100+Exam+1+Spring+1+2008 - A100 Exam 1 Spring 1 2008 First...

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