Final Exam Part 1

Final Exam Part 1 - View Attempt...

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View Attempt 1 of 1 Title: GWU Final Exam (Ch 12-21) Part 1 Started: December 13, 2010 9:46 AM Submitted: December 13, 2010 10:28 AM Time spent: 00:42:02 Total score: 48/50 = 96% Total score adjusted by 0.0 Maximum possible score: 50 Done 1. The investment category for which the investor's "positive intent and ability to hold" is important is: Student Response Value Correct Answer Feedback A. Securities reported under the equity method. 0% B. Trading securities. 0% C. Securities classified as held to maturity. 100% D. Securities available for sale. 0% Score: 1/1 Comments: 2. Which of the following investment securities held by Zoogle Inc. are not reported at fair value in its balance sheet? Student Response Value Correct Answer Feedback A. Common stock held as available for sale securities 0% B. Debt securities held to maturity 100% Your location: Assessments View All Submissions › View Attempt View Attempt http://webctap.gardner-webb.edu/webct/urw/lc9810010. .. 1 of 24 12/13/2010 10:28 AM
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Student Response Value Correct Answer Feedback C. Preferred stock held as trading securities 0% D. All of these are reported at fair value. 0% Score: 1/1 Comments: 3. Which category completely excludes equity securities? Student Response Value Correct Answer Feedback A. Securities available for sale. 0% B. Consolidating securities. 0% C. Held-to- maturity securities. 100% D. Trading securities. 0% Score: 1/1 Comments: 4. Securities that are purchased with the intent of selling them in the near future to take advantage of short-term price changes are classified as: Student Response Value Correct Answer Feedback A. Securities available for sale. 0% B. Consolidating securities. 0% C. Held-to- maturity securities. 0% D. Trading securities. 100% Score: 1/1 View Attempt http://webctap.gardner-webb.edu/webct/urw/lc9810010. .. 2 of 24 12/13/2010 10:28 AM
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Comments: 5. The income statement reports changes in fair value for which type of securities? Student Response Value Correct Answer Feedback A. Securities reported under the equity method. 0% B. Trading securities 100% C. Held-to- maturity securities. 0% D. Securities available for sale. 0% Score: 1/1 Comments: 6. Trading securities are most commonly found on the books of: Student Response Value Correct Answer Feedback A. Oil companies. 0% B. Manufacturing companies. 0% C. Banks. 100% D. Foreign subsidiaries. 0% Score: 1/1 Comments: 7. Trading securities, by definition, are properly classified in the balance sheet as: Student Response Value Correct Answer Feedback A. Shareholders' equity. 0% B. Intangibles. 0% C. Current assets. 100% View Attempt http://webctap.gardner-webb.edu/webct/urw/lc9810010. .. 3 of 24 12/13/2010 10:28 AM
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Student Response Value Correct Answer Feedback D. Other assets. 0% Score: 1/1 Comments: 8. The most common type of liability is:
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This note was uploaded on 05/26/2011 for the course ACC 314 taught by Professor Null during the Fall '10 term at GWU.

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Final Exam Part 1 - View Attempt...

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