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FinMan10e_BTest_ch09 - 10th Edition FINANCIAL MANAGERIAL...

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10th Edition FINANCIAL & MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 9B Score % Name Course Section NOTE: Each of the 50 correct answers is assigned a weight of 2%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—30% B
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TEST 9B (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring Answers 0. Expenditures for equipment that benefit operations for many years are called ........................................................................................................ fixed assets 0. ____ 1–4. The following expenditures are related to land acquired for use as a plant site. Indicate the account that should be charged for each expenditure. 1. Cost of removal of unwanted building ..................................................... 1. ____ 2. Fences to secure plant site ...................................................................... 2. ____
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3. Delinquent real estate taxes paid ............................................................ 3. ____ 4. Attorney fees to secure title ..................................................................... 4. ____ 5–7. Indicate whether each of the following expenditures incurred in connection with the acquisition of a second-hand delivery truck would be debited to the trucks (asset) account (answer yes or no): 5. New parts to replace those worn out ....................................................... 5. ____ 6. Cost of painting truck ............................................................................... 6. ____ 7.
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