BCOR201 Practice Exam I with Answers Problem 1 Multiple Choice Questions (2 Points each) 1. If assets are $99‚000 and liabilities are $32‚000‚ then equity equals: A) $ 32‚000. B) $ 99‚000. C) $ 67‚000. D) $131‚000. E) $198‚000. Answer: C Calculation: Equity = $99‚000 - $32‚000 = $67‚000 2. A debit is: A) An increase in an account. B) The right-hand side of a T-account. C) A decrease in an account. D) The left-hand side of a T-account.
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Performance OF THE FIRM – ACCOUNTING Professor Hsihui Chang Date‚ Time and Location Office: 3600 Market Street‚ Room 71l Monday‚ 6:00 – 8:50pm Telephone: 215.895.6979 Email: hc336@drexel.edu Office Hours: By Appointment Course Description The course objective is to provide prospective users of financial accounting information with an understanding of accounting fundamentals and the ability to evaluate the quality of financial accounting information for use in business
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Solutions Manual to accompany Company Accounting 8e prepared by Ken Leo John Hoggett John Sweeting Jennie Radford [pic] John Wiley & Sons Australia‚ Ltd 2009 Chapter 1 – Nature and regulation of companies REVIEW QUESTIONS 1. Outline the advantages of incorporation over other forms of organisation such as partnerships. The corporate form of organisation permits individuals to have "limited liability". This confers on shareholders a limit on their
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Place your answer on the answer sheet. There are 50 questions‚ each worth 2 points. 1) In 1985‚ Alice paid $20‚000 for an option to purchase ten acres of land. By paying the $20‚000‚ she bought the right to buy the land for $100‚000 in 1992. When she acquired the option in 1985‚ the land was worth $120‚000. In 1992‚ it is worth $110‚000. Should Alice exercise the option and pay $100‚000 for the land? A) Yes. B) No. C) It depends on what the rate of inflation was between 1985 and 1992
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Exam practice: paper 1 (SL and HL) Introduction to paper 1 Paper 1 has the same structure for both standard and higher levels. Paper 1: SL and HL Duration of paper 1 Focus and structure of paper 1 1 hour and 30 minutes Section A focuses on section 1 of the syllabus (microeconomics). Students must answer one question from a choice of two. Section B focuses on section 2 of the syllabus (macroeconomics). Students must answer one question from a choice of two. Structure of questions and marks earned
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I. Chapter 7: Democracy & Human Rights A. Define terms a. Nationalism – the intense belief in the worth‚ rightness‚ and glory of one’s own nation. b. Patriotism – devotion to one’s country. c. Nation – a subnational entity. d. Nation-state – a sovereign entity that represents the interests of people who share a common culture as well as a common territory. e. Sovereignty – control‚ such as of a state or nation. f. Democracy – rule by the people
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| |Attending college has what effect on political attitudes? | |Answer | |Correct Answer: | |[pic]
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Name___________________________________________ Chem 111 Practice Exam 1 Summer 2014 (60 points) MULTIPLE CHOICE. Choose the answer that best completes the statement or answers the question. 1) Round off 807509 to four significant figures. a. 8076 b. 00 81 c. 8100 d. 8.075 × 105 2) Convert 5.100 × 10-3 to ordinary notation. a. 5100 b. 0.0005100 c. 510.0 d. 0.005100 3) To the correct number of significant figures‚ an automobile traveling at 28
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IE University Final Exam (December 2011) Financial Accounting -------------------------------------- QUESTION 1. (40 MINUTES) On December‚ 31st 2004‚ Luxury Shoes Company purchased new machinery to produce a new model of shoes. The acquisition cost of the machinery is $ 1‚000‚000. At this moment of the economy‚ Tax Authorities allow the company to depreciate this machinery in the way that they prefer (the company is absolutely free to decide how to depreciate this machinery). This
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T&TH 2:00 - 3:30PM C230 GSIs: Yu Man Tam (yuman_tam@haas.berkeley.edu) Sections: 102‚ 202; OH: Fri 2-3:30PM RM: TBD Ross Trenary (ross_trenary@mba.berkeley.edu) Sections: 203; OH: TBD Rm: TBD Albert Hu (albert_hu@berkeley.edu) Sections: 103; OH: W 2-3:30 PM Rm: TBD Raymond Leung (r_leung@haas.berkeley.edu) Sections: 101‚ 201; OH: Tue 9:30-11AM Rm: TBD class reps: Section 01: ; Section 02: ; overview: This is an introductory course in finance. Students learn how to value assets given
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