University of maryland university college acct221 principles of accounting ii mid-term exam multiple choice (2 points each) 1 which one of the following is not necessary in order for a. Accounting 221 exam 1 — fall 2003 multiple choice (10 points) select the correct answer for each of the following multiple choice questions 1 assets may best be defined as: a. Acc 221 - introduction to financial accounting september sunday monday tuesday wednesday thursday / friday saturday 1 sf chpt 4 finish - revenue and expense accts. Free essay: ph 221 midterm exam asnwers 100% correct follow link below to get tutorial.
Midterm problems 1 finney corporation is authorized to issue 1,000,000 shares of $2 par value common stock during 2011, its first year of operation, the company has the following stock transactions. Accounting 15511 summer 2004 midterm exam exam guidelines: - you have 80 minutes to complete the exam please use your time efficiently. Directlabordebitswipinventory andindirectlabordebitedmoh managerial accounting acct 220 accounting fall 2017 valerie simmonsthis study guide was uploaded for the midterm exam on 08/18/2017 by an elite notetaker andreana moore at university of southern m.
Of those who do give both, the midterm and final exam often look similar in style and content so students can expect consistency in the testing methods many instructors choose to test the first half of the course's information in the middle of the semester through a midterm and the rest of the semester at the final. Study flashcards on accounting 221 exam 1 at cramcom quickly memorize the terms, phrases and much more cramcom makes it easy to get the grade you want. Suppose a person wants to start an accounting business and donates $50000 to their business, which side of the accounting equation does that $50000 go.
We record a long-term asset as its cost plus all expenditures necessary to get the asset ready for use describe the accumulated depreciation account a contra asset account in which we track the allocation of the asset's original cost to an expense account during the periods benefited. The following events occurred during 2014 and were not recorded: a on january 1, frick declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. University of maryland university college acct221 principles of accounting ii instructor: anita doherty mid-term exam multiple choice (2 points each) 1 which one of the following is not necessary in order for a corporation to pay a cash dividend.
Start studying accounting 221: exam 1 learn vocabulary, terms, and more with flashcards, games, and other study tools. Financial accounting acct 221 accounting fall 2016 week 4 jennifer taylorthis study guide was uploaded for the midterm exam on 10/17/2016 by an elite notetaker selena blanco at new mexico state university on nov 06 2016 and has been viewed 128 times. [smg ac 221] comprehensive midterm exam guide including any lecture notes, textbook notes and exam guidesfind more resources at oneclasscom why do we use accounting management investment decisions where financial recording comes in control- part of management - to maintain proper accountability reporting on stewardship compensation - how. Accounting 221 mid term exam essay accounting 221 exam 1 -- fall 2003 multiple choice (10 points) select the correct answer for each of the following multiple choice questions. Question acct 221 mid-term exam: ch 1-5 problem 1 journalize the following selected transactions for april 2013 in a two-column journal journal entry explanations may be omitted.
Study 39 acc 221- exam 2 flashcards from andrew k on studyblue. Sungkyunkwan university, business school introduction to financial accounting - mid-term exam 1 1st semester 2012 6 (a) a count shows ₩600m of supplies on hand at march 31. Acct 221 mid-term exam: ch 1-5 problem 1 journalize the following selected transactions for april 2013 in a two-column journal journal entry explanations may be omitted.
Description (tco 1) the accounting equation is used to develop the organizations financial reports (1) describe what assets value would be if liabilities are $12,000 and owners' equity is $50,000 by showing the accounting equation (10 points) and (2) provide an example of two asset accounts that could contain the value. Acct 221, section c 803 midterm exam february 8 and 9, 2013 here is your midterm exam a completed exam must be posted in the assignments folder no later than 11:59 pm on saturday, february 9 (central. Persons using accounting information who are directly involved in managing the organization 5 the use of resources to carry out an organization's plans in the areas of research, dvelopment, purchasing, production, distribution, and marketing. Acct 221 mid-term exam: ch 1-5 problem 1 journalize the following selected transactions for april 2013 in a two-column journal.
The financial accounting exam covers skills and concepts that are generally taught in a first-semester undergraduate financial accounting course the exam contains approximately 75 questions to be answered in 90 minutes. Exam will consist of two parts: 1) one hour multiple choice, true & false, and short answer theory questions, and 2) a practical component that will be very similar to the mid-term project—24. Final exam guide channels & logistics proj410 (contract and procurement )all weeks discussions , case studies, midterm and final exams acc 410 complete class all quizzes, homework chapters, questions for review and discussion, midterm and final exams & assignments.