AC 375 Final Exam Practice Set Fall 2009
The solutions is included at the end, but try to work these out without the solution,
then check to see where you need more study.
A major purpose of the cash flow statement is to show
what the com
AC 375 Unit 1 Graded Assignment due in UTest Thursday, Jan. 26.
Submit also your calculations to Forum (same due date) on your worksheet downloaded from Module 2 on our
1. (Multiple Choice; ) Jeremy Snow invested $12,000 at 8% annual interest
AC 375 Unit 3 Graded Assignment Due March 29,2012 in UTest. Supporting calculations for UTest items are due in
Forum with the same deadline. Record your answers in UTest from the work done on your copy downloaded from Module
5 on the Assignments page. Y
KEY AC 375 Unit 3 Graded Assignment Spring 2012
B. Rationale: A loss from jmpairTn~erins calculated as the difference betweeriThe~ asset's net book value and its
expected future cash flows. P. 6-31
A. Rationa'le: The allowance account is increas
Unit 4 Graded Assignment Modules 9 & 10 Spring 2012 Due Thursday 4/26 in UTest with calculations due in Forum
1. (Multiple Choice; 1 point) In which of the following intercorporate investment classifications are unrealized gains in marketable
Practice with Present and Future Values of Lump Sums and Annuities
(The answers to these problems are in the Homework solutions for Unit 1.) Set your
calculators on 4 decimal places and choose the response numerically closest to your calculation.