Final Exam - 2011 - Final Exam Student: _ 1. Which of the...

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Student: ___________________________________________________________________________ 1. Which of the following is not an example of a decision or informed judgment that a potential investor would make from accounting information? A. Future profitability based on past profitability. B. Probability of success of a new product development. C. A forecast of dividends. D. Assessment of risk that a company may have more debt than it can repay if the economy enters a recession. 2. Major classifications of accounting activity would not include: A. financial accounting, internal auditing, public accounting. B. internal auditing, governmental accounting, managerial accounting. C. financial accounting, national accounting, cost accounting. D. auditing, income tax accounting, governmental accounting. 3. From the data given below, calculate the Retained Earnings balance of December 31, 2010. Prepare the retained earning portion of a statement of change in owners' equity for the year ended December 31,
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This note was uploaded on 06/17/2011 for the course ACCOUNTING 101 taught by Professor Mackham during the Spring '11 term at Griffin Technical College.

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Final Exam - 2011 - Final Exam Student: _ 1. Which of the...

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