Financial Accounting (robles)
Autor: Aitana Forasteros • January 18, 2017 • Exam • 3,875 Words (16 Pages) • 725 Views
CHAPTER 1
THE DEVELOPMENT OF THE ACCOUNTING PROFESSION
1-1.
1. | e | 6. | f |
2. | a | 7. | i |
3. | g | 8. | a |
4. | b, d | 9. | b, c |
5. | f | 10. | h |
1-2.
1. | g | 6. | f, k | 11. | o |
2. | k | 7. | d | 12. | h |
3. | r | 8. | a | 13. | u |
4. | p | 9. | e | 14. | i |
5. | t | 10. | j | 15. | p |
MULTIPLE CHOICE QUESTIONS
Theory
MC1 | c | MC11 | B | MC21 | c | MC31 | A | |
MC2 | D | MC12 | C | MC22 | C |
| MC32 | C |
MC3 | B | MC13 | C | MC23 | C |
| MC33 | A |
MC4 | B | MC14 | C | MC24 | B | MC34 | A | |
MC5 | B | MC15 | D | MC25 | C |
| ||
MC6 | C | MC16 | C | MC26 | C | |||
MC7 | B | MC17 | A | MC27 | A | |||
MC8 | C | MC18 | C | MC28 | D | |||
MC9 | A | MC19 | D | MC29 | C | |||
MC10 | C | MC20 | D | MC30 | D |
CHAPTER 2
CASH AND CASH EQUIVALENTS
MULTIPLE CHOICE QUESTIONS
Theory
MC1 | C | MC11 | C | MC21 | B |
MC2 | C | MC12 | B | MC22 | A |
MC3 | D | MC13 | D | MC23 | B |
MC4 | D | MC14 | C | MC24 | D |
MC5 | D | MC15 | D | MC25 | B |
MC6 | D | MC16 | A | MC26 | D |
MC7 | A | MC17 | C | MC27 | D |
MC8 | A | MC18 | C | MC28 | A |
MC9 | D | MC19 | C | ||
MC10 | B | MC20 | B |
Problems
MC29 | C | 2,250,000 + 125,000 = 2,375,000 |
MC30 | D | 50,000 + 20,000 = 70,000 |
MC31 | C | 320,000 + 580 = 320,580 |
MC32 | B | 682,250 – 25,000 – 10,500 – 127,500 – 4,950 – 6,450 = 507,850 or 3,600 + (336,750-6,000) + (178,000-10,500) = 501,850 |
MC33 | D | Dr. Expenses-950; Dr. Cash Short and Over-50; Cr. Cash in Bank-1,000 |
MC34 | B | 3,800 + 12,00 + 12,500 = 17,500 |
MC35 | C | |
MC36 | B | 1,825 + 1,500 + 5,150 = 8,475 |
MC37 | A | 10,000 – (1,825 + 1,500 + 280 + 650 + 500 + 5,150) = 95 |
MC38 | D | 50,000 + 20,000 – 15,000 = 55,000; 43,000 – 6,000 + 15,000 = 52,000 55,000 – 52,000 = 3,000 |
MC39 | B | 180,500 + 32,500 – 27,500 = 185,500 |
MC40 | B | 677,600 – 580 + 900 = 677,920 or 653,230 – 98,760 + 123,450 = 677,920 |
MC41 | B | 95,000 + (10,000 – 4,500) = 100,500 |
MC42 | B | 17,000 + 490,000 – 476,000 = 31,000 |
MC43 | A | 39,000 + 610,000 – (617,000 – 15,000) = 47,000 |
MC44 | C | 768,370 – 132,274 + 20,750 = 656,846 |
MC45 | B | 450,000 + 9,400 – 3,200 - 900 + 180 = 455,480 |
MC46 | B | 67,000 + 798,000 – 91,000 = 774,000 collections from sales; 583,000+78,000–86,000 + 53,000 – 48,000 = 580,000 payments to trade creditors; 62,000 + 774,000 – 580,000 – 107,000 =149,000 |
MC47 | D | 1,500 + 5,000 + 486,000 + 12,000 = 504,500 |
MC48 | D | 96,000 – 4,000 + 7,000 = 99,000 |
MC49 | C | 650,000+1,300,000–1,100,000 = 850,000 + 150,000–84,000+7,500 = 923,500 |
MC50 | D | 1,154,800 + 180,000 + 2,700 = 1,337,500 |
MC51 | B | 1,123,500 – 4,500 + 6,000 – 56,000 + 48,000 = 1,117,000 |
MC52 | D | 70,000 – 2,000 + 290,000 + 50,000 – 50,000 – 280,000 + 80,000 – 35,000 – 83,500 = 39,500 |
MC53 | B | 25,000 + 224,200 – 78,200 = 171,000 |
MC54 | A | 261,000 – 41,500 – 15,000 = 204,500 |
MC55 | D | 217,200 – 25,000 – 192,200 |
MC56 | C | (45,000 + 10,000 + 8,000) – (34,000 – 300 – 3,200 – 3,600 + 2,700) = 33,400 |
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