FinMan10e_BTest_ch09

FinMan10e_BTest_ch09 - 10th Edition FINANCIAL MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 9B Score Name

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10th Edition 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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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. Cost of repairing vandalism while truck was parked in parking lot . ......... 7. ____ 8. Improvements to fixed assets should be debited to the
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_BTest_ch09 - 10th Edition FINANCIAL MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 9B Score Name

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