A100+Midterm%2BSpring%2BI%2C%2B2010

Work ifluck checked your good you have time place

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Unformatted text preview: and continue working. GOOD LUCK! Do not ask theassumption youquestions during the exam. If you discover an error or ambiguity on the exam, When you complete the examand continue working. work ifLUCK! checked your GOOD you have time), place your answer sheet make the best assumption you can (and checked your work if you have time), place your answer sheet When you complete the exam (and checked your work if you have time), place your answer sheet behind your exam and turn both the exam and answer sheet in to the exam proctor as you leave behind your exam and turn both the exam and answer sheet in to the exam proctor as you leave and answer sheet in to the exam proctor as you leave you leave b your the room. NO EXAM MATERIALS MAY LEAVE THIS ROOM. Failure to turn iin all exam the room. MATERIALS MAY LEAVE THIS ROOM. Failure to turn in all exam the room. NO EXAM MATERIALS MAY LEAVE THIS ROOM. Failure to turn in all exam n materials is a violation of the Honor Code. materials is a violation of the Honor Code. Do not ask the exam proctors questions during the exam. If you discover an error or ambiguity on questions during the exam. If you discover an error or amb iguity on ambiguity on Do not ask the exam proctors questions during the exam. If you discover an error or ambiguity on the exam, make the best assumption you can and continue working. GOOD LUCK! exam, best assumption you can and continue working. GOOD LUCK! working. LUCK! the exam, make 1 Which of the following is one of the Big Four public accounting firms? a GoldRush b KABC c KPMG 2 Which of the following is not true when an adjustment is made at the end of the period to record depreciation expense? a Stockholders' equity is decreased. b Total assets are decreased. c Net income is decreased. d The net amount of equipment on the balance sheet is decreased. e All of the above are true. 3 When unearned revenue is received, a assets and liabilities are increased. b assets and revenues are increased. c assets and stockholders' equity are increased. d liabilities are decreased and stockholders' equity is increased e None of the above...
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