Exam 2A - Name Student Number Section BUS 2220 Financial...

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1 Name:______________________________ Student Number:______________________ Section:______________________ BUS 2220 Financial Accounting Term Exam 2 A March 1, 2012 Instructions: Answer all questions in the exam booklet provided. NOTE: Both the exam and the exam booklet must be handed in. Multiple Choice _______/10 Question 1 ______/4 Question 2 ______/8 Question 3 ______/6 Question 4 ______/5 Question 5 ______/13 TOTAL 46 marks Exam time: 75 Minutes Number of Pages: 6
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2 Multiple Choice (1 mark each) Record the question number and the letter of your answer in the exam booklet. 1. A paid dividend (a) decreases assets and shareholders’ equity. (b) increases assets and shareholders’ equity. (c) increases assets and decreases shareholders’ equity. (d) decreases assets and increases shareholders’ equity 2. Which of the following correctly identifies normal balances of accounts?
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