A100+Exam+1+Spring+2+2008+Version+A - A100 Exam 1 Spring 2...

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A100 Exam 1 Spring 2 2008 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 34 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, or calculations thereon, 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 scrap paper during the exam. The only calculator you may use is the one specifically allowed for A100. Put away all materials (if you have a backpack, etc. be sure that it is zipped up!) before the exam begins. When you complete the exam (including checking your work if you have time), place your answer sheet behind your exam (so that the answers are NOT visible to others as you leave the room ) 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 or FAILURE TO FOLLOW DIRECTIONS DURING THE EXAM IS A VIOLATION OF THE HONOR CODE AND WILL RESULT IN A GRADE OF “F” IN THE COURSE. 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 four" accounting firm? a KPMB b Bear Stearns c PricewaterhouseCoopers 2 The rules (for what must be presented in financial statements) that are most likely to be in place for U.S. companies five years from now are referred to as: a GAAP b GAAS c IFRS d FASB e IASR 3 If you were interested in discovering the age (roughly) of a company's equipment, and all you had available to you was the company's current year financial statements, you would most likely look at: a the statement of cash flows b the balance sheet c the income statement d the statement of retained earnings e the decrepit assets statement 4 With respect to what is reported on the financial statements of a company in a given year, which of the following statements is true? a Cash payments made for salaries must always be equal to or larger than the amount of salary expense.
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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+2+2008+Version+A - A100 Exam 1 Spring 2...

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