Chapter 6 Appendix Practice Problems
Find the present value (rounded to the nearest dollar) of:
Compute the future value (rounded to the nearest dollar) of the following investments:
$10,209 invested to earn interest at 8% co
SAMPLE EXAM III
DISCLAIMER - PLEASE READ :
These sample exam problems will serve as an excellent review for the actual exam. These questions should
give students a good idea of the format and rigor of problems to be encountered on the exams. The sample
Chapter 9 Practice Problems
For each of the following transactions, determine if it would appear in the operating activities (O),
investing activities (I), or financing activities (F) section of the cash flow statement. If the
transaction is not report
Chapter 6 Practice Problems
Antique Furniture Company decided to purchase a new furniture-polishing machine for its store in
New York City. After a long search, it found the appropriate polisher in Chicago. The machine
costs $75,000. Antique Furniture
Chapter 5 Practice Problems
Assume that a company is preparing a bank reconciliation for the month of June. For each of the
following items, indicate whether the item is added to the balance per the bank statement (A-Bank),
added to the balance per the
Chapter 4 Practice Problems
ABC Company cleans the outside walls of buildings. The average job generates revenue of $800,000
and takes about two weeks to complete. Customers are required to pay for a job within 30 days after
its completion. ABC Company
Chapter 3 Practice Problems
ABC Company reported the following account balances at December 31, 2009:
Interest expense .
Accounts payable .
Advertising expense .
Other expenses .
Retained earnings .
Chapter 2 Practice Problems
Calculate the missing balance sheet amounts in each of the following independent situations:
Total liabilities + equity