2241_Midterm_2007 F B1 1

2241_Midterm_2007 F B1 1 - ACCT2241 2007 Fall Midterm B1...

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ACCT2241 2007 Fall – Midterm B1 Page 1 of 7 pages Midterm Examination ACCT2241 – Introductory Financial Accounting 2007 Fall Your name ___________________________ Section: _____________________ Student ID# _____________________ Instructor name _______________ Instructions: 1. There are 7 questions and 7 pages, including this page and an extra blank page, in this exam. 2. Please answer all questions. 3. This exam is closed book and closed notes. 4. Read each question carefully and make sure you know what is being asked. 5. Write all answers on your exam paper. Show all calculations, since partial credits may be awarded based on your demonstration of what you know. 6. You have 75 minutes to complete writing. Please allocate your time appropriately so that you can address all questions. Good luck! Points Available Points Awarded Question 1 – 10 Question 2 – 10 Question 3 – 10 Question 4 – 10 Question 5 – 18 Question 6 – 24 Question 7 – 18 Total 100
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ACCT2241 2007 Fall – Midterm B1 Page 2 of 7 pages QUESTION #1 (10) The following is a list of questions financial statement the users often ask in making various decisions. For each question, indicate in which financial statement the relevant accounting information to answer the question is most likely to be find. IS – the income statement BS – the balance sheet RE – the statement of retained earnings CF – the statement of cash flows Information Statement(s) 1 How much does the company owe to its suppliers? 2
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This note was uploaded on 10/19/2011 for the course ACCT 2241 taught by Professor Cumming during the Spring '11 term at Dalhousie.

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2241_Midterm_2007 F B1 1 - ACCT2241 2007 Fall Midterm B1...

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