Name: Cl ass: Date: ID: A

SAMPLETEST2
- CI J45678
Multiple Choice
Identifu the choice that best completes the statement or answers the question.
l. Which one of the following is not a difference between a retail business and a service business?
a. i n what i s sol d
b. the inclusion of gross profit in the income statement
c. accounting equation
d. merchandi se i nventory i ncl uded i n the bal ance sheet
2. A company using the periodic inventory system has the following account balances: Merchandise Inventory
at the begi nni ng ofthe year,
$3,600; Frei ght-In, $650; Purchases, $10,700; Purchases Returns and
Al l owances, $1,950; Purchases Di scounts, $330. The cost of merchandi se purchased i s equal to
a. $12. 670
b. $9. 070
c. $8, 420
d. $17, 230
3. Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as
a. sel l i ng expenses
b. general expenses
c. other expenses
d. admi ni strati veexpenses
4. Office salaries, depreciation of office equipment, and office supplies are examples of what type of expense?
a. sel l i ng expense
b. mi scel l aneousexpense
c. admi ni strati veexpense
d. other expense
5. The form of income statement that derives its name from the fact that the total of all expenses is deducted
from the total ofall revenues is called a
a. mul ti pl e-stepstatement
b. revenue statement
c. report-form statement
d. si ngl e-stepstatement
6. The inventory system employing accounting records that continuously disclose the amount of inventory is
called
a. retail
b. peri odi c
c. physi cal
d. perpetual
Name:
ID: A
7. Usins the followins information- what ol l owrng l nl ormatton, what rsthe amount of' gross
profi t?
Purchases
$32.000 Purchases discounts $960
Merchandise inventory
September 1
5,700 Merchandise inventory
Septernber 30
6, 370
Sales returns and
allowances
910 Sal es 63, 000
Purchases returns and
allowances
1,200 Freight In 1, 040
a. 34,870
b. 31, 990
c. 27,460
d. 62,090
8. Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on
account includes a
a. credit to Sales Returns and Allowances
b. debit to Merchandise Inventory
c. credit to Merchandise Inventory
d. debit to Cost of Merchandise Sold
9. In credi t terms of 3/15,n/45, the "3" represents the
a. number of days in the discount period
b. full amount of the invoice
c. number of days when the entire amount is due
d. percent ofthe cash discount
10. The entry to record the return of merchandise from a customer would include a
a. debit to Sales
b. credit to Sales
c. debit to Sales Returns and Allowances
d. credit to Sales returns and Allowances
I l. The amount of the total cash paid to the seller for merchandise purchased would normally include
a. only the list price
b. only the sales tax
c. the list price plus the sales tax
d. the list price less the sales tax
12. If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as
a. FOB shipping point
b. FOB destination
c. FOB n/30
d. FOB buyer
Name:
ID: A
Discounts taken by a buyer because ofearly payment are recorded on the seller's accounting records as
a. Purchases discount
b. Sales discount
c. Trade discount
d. Early payment discount
Taking advantage of a2ll0, n/30 purchases discount is equal to a savings yearly rate of approximately
a. 2%
b. 24%
c. 20%
d. 36%
$7,000 of merchandise inventory was ordered on Septemb er 2,2009
$3,000 of this merchandise was received on September 5, 2009
On September 6,2009, an invoice dated September 4,2009, with terms of 3/10, net 30
for $3,250 which included a $250 prepaid freight cost, was received.
On September 10, 2009, $800 of the merchandise was returned to the seller.
15. Based on the above information, what would be recorded as purchases discount if the invoice is paid within
the discount period?
a. $73. 50
b. $90. 00
c. $210. 00
d. $66.00
16. Based on the above information, what would be recorded as the cash payment if the invoice is paid within the
discount period?
a. $2,200
b. $2, t 34
c. $2, 450
d. $2, 384
17. Based on the above information, what would be the cash payment if the company decides to pay the invoice
on September 30,2009?
a. $2,450
b. $2,394
c. $3, 250
d. $3, 000
18. If title to merchandise purchases passes to the buyer when the goods are delivered to the buyer, the terms are
a. consiened
b. n/30
c. FOB shipping point
d. FOB destination
13.
14.
l .
2.
J .
4.
Name:
ID: A
19. If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
a. n/30
b. FOB shipping point
c. FOB destination
d. consigned
20 . The proper j
ournal entry to record the receipt of inventory purchased on account in a perpetual inventory
system would be:
a. Jan I Inventory 540.00
Accounts Payable 540.00
b. Jan I Office Supplies 540.00
Accounts Payable 540.00
c. Jan I Purchases 540.00
Accounts Payable 540.00
d. Jan I Purchases 540.00
AccountsReceivable 540.00
21. Which of the following items should p! be included in the cost of ending merchandise inventory?
a. units on consignment
b. purchased units in transit, shipped FOB destination
c. units on hand in the warehouse
d. both (a) and (c)
22. Under the periodic inventory system, the
journal
entry to record the purchase of merchandise inventory will
include a debit to
a. Merchandise Inventory
b. Purchases
c. Accounts Payable
d. Cost of Merchandise Purchased
23. Under the periodic inventory system, the
journal
entry to record the cost of merchandise sold at the point of
sale will include the following account
a. No entry is made.
b. Cost of merchandise sold
c. Inventory
d. Purchases sold
24. Under a periodic inventory system, closing entries will include
a. Dr. Sales, Purchases Returns and Allowances, Purchases Discounts
b. Cr. Purchases, Sales Discounts, Sales Returns and Allowances
c. Adjust Merchandise Inventory Account to match physical inventory
d. All are correct
Name:
TD: A
25, Control of inventory should begin as soon as the inventory is received. Which of the following internal
control steps is not done to meet this goal?
a. check the invoice to the receiving report
b. check the invoice to the purchase order
c. check the invoice with the person who specifically purchased the item
d. check the invoice extensions and totals
26. Which of the following is not an example for safeguarding inventory?
a. Storing inventory in restricted areas.
b. Physical devices such as two-way mirrors, cameras, and alarms.
c. Matching receiving documents, purchase orders, and vendoros invoice.
d. Returning inventory that is defective or broken.
27. Which of the following inventory cost methods is appropriate for a business who has inventory with a
relatively small number of unique items and a high cost per item?
a. FIFO
b. LIFO
c. average
d. specificidentification
28. Under which method of inventory cost flows is the cost flow assumed to be in the reverse order in which the
expenditures were made?
a. weighted average
b. last-in, first-out
c. first-in, first-out
d. average cost
29. Which of the following companies would be more likely to use the specific identification inventory costing
method?
a. Gordon's Jewelers
b. Lowe' s
c. Best Buy
d. Wal-Mart
Name:
ID: A
The inventory data for an item for September are:
30.
3 1 .
32.
a a
J J .
Sep. 1
4
10
t 7
30
Sep. I
4
10
l 7
30
Inventory
Sold
Purchased
Sold
Purchased
Inventory
Sold
Purchased
Sold
Purchased
Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise
inventory of 30 units on September 30?
a. $800
b. $650
c. $750
d. $700
In recording the cost ofmerchandise sold for cash, based on data available from perpetual inventory records,
the
journal
entry is
a. debit Cost of Merchandise Sold; credit Sales
b. debit Cost of Merchandise Sold; credit Merchandise Inventory
c. debit Merchandise Inventory; credit Cost of Merchandise Sold
d. debit Accounts Receivable; credit Sales
The inventory system employing accounting records that continuously disclose the amount of inventory is
called
a. retail
b. periodic
c. physical
d. perpetual
The inventory data for an item for September are:
20 units at $20
l0 units
30 units at $25
20 units
10 uni t s at $30
20 units at $19
l0 units
30 units at $20
20 units
10 units at $21
Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise sold
for September?
a. $610
b. $600
c. $590
d. ss80
Name:
ID: A
Use the following information to answer the following questions.
The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records
duri n
Date Product Z Units Cost
Mav 3 Purchase 5 $30
Mav 10 Sale J
Mav 17 Purchase 10 s34
Mav 20 Sale 6
Mav 23 Sale J
Mav 30 Purchase l 0 $40
Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of
May 23 using the FIFO inventory cost method.
a. $78
b. $90
c. $102
d. $180
Assuming that the company uses the perpetual inventory system, determine the ending inventory for the
month of May using the average inventory cost method.
a, $502
b. s452
c. $500
d. $450
Damaged merchandise that can be sold only at prices below cost should be valued at
a. net realizable value
b. LIFO
c. FIFO
d. average
If the cost of an item of inventory is $50 and the current replacement cost is $57, the amount included in
inventory according to the lower of cost or market is
a. $7
b. $s0
c. $57
d. $107
Kristin's Boutiques has identified the following items for possible inclusion in its December 31, 2010
inventory. Which of the following would not be included in the year end inventory?
a. Merchandise purchased FOB shipping point was picked up by the freight company but
had still not arrived at Kristin' s Boutique as of December 31, 2010.
b. Kristin has in its warehouse merchandise on consignment from Abby Co.
c. Kristin has sent merchandise to various retailers on a consignment basis
d. Kristin has merchandise on hand which has been returned bv customers because of
wrong size.
34.
37.
35.
36.
38.
Name:
ID: A
39. If a company mistakenly counts more items during a physical inventory than actually exist, how will the
error affect their bottom line?
a. No change to net income.
b. Net income will be overstated
c. Net i ncome wi l l be understated.
d. Only gross profit will be affected.
40. Too much i nventory on hand
a. reduces sol vency
b. increases the cost to safeguard the assets
c. i ncreases the l osses due to pri ce decl i nes
d. al l ofthe above
41. If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account
i s debi ted to wri te off a customer' s account as uncol l ecti bl e?
a. Uncol l ecti bl e Accounts Payabl e
b. Accounts Recei vabl e
c. Allowance for Doubtful Accounts
d. Bad Debt Expense
42. Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and
uncol l ecti bl e accounts expense i s esti mated at3%o of net sal es. l f net sal es are $600,000, the amount of the
adjusting entry to record the provision for doubtful accounts is
a. $ I 8, 500
b. $ 17, 500
c. $ 1 8, 000
d. none of t he above
43. Allowance for Doubtful Accounts has a debit balance of $500 at the end of tlie year (before adjustment), and
uncollectible accounts expense is estimated at 4%o of net sales. If net sales are $600,000, the amount of the
adjusting entry to record the provision for doubtful accounts is
a. $24, 500
b. $23, 500
c. $24, 000
d. none ofthe above
44. Allowance for Doubtful Accounts is listed on the balance sheet under the caption
a. owner' s eqLri ty
b. investments
c. fixed assets
d. current assets
45. On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the
a. Uncollectible accounts expense for the year
b. total of the accounts receivables written-off during the year
c. total estimated uncollectible accounts as of the end of the
year
d. sum ofal l accounts that are past due.
Name:
ID: A
46. A company uses the estimate of sales method to account for uncollectible accounts. When the firm writes off
a specific customer's account receivable
a. total current assets are reduced
b. total expenses for the period are increased
c. total current assets are reduced and total expenses are increased
d. there is no effect on total current assets or total expenses
47. Dalton Company uses the estimate based on analysis of receivables to account for uncollectible accounts.
The company has determined that the Irish Company account is uncollectible. To write-off this account,
Dalton should debit
a. Uncollectible Accounts Expense and credit Accounts Receivable
b. Uncollectible Accounts Expense and credit Allowance for Doubtful Accounts
c. Allowance for Doubtful Accounts and credit Accounts Receivable
d. Accounts receivable and credit Allowance for Doubtful Accounts
48. Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment),
and an anal ysi s of customers' accounts i ndi cates doubtful accounts of $12,900. Whi ch of the fol l owi ng
entries records the proper provision for doubtful accounts?
a. debit Uncollectible Accounts Expense, $14,000; credit Allowance for Doubtful
Accounts, $14,000
b. debi t Al l owance for Doubtful Accounts, $14,000; credi t Uncol l ecti bl e Accounts
Expense, $14, 000
c. debi t Al l owance for Doubtful Accounts, $1 1,800; credi t Uncol l ecti bl e Accounts
Expense, $l 1, 800
d. debi t Uncol l ecti bl e Accounts Expense, $1 1,800; credi t Al l owance for Doubtful
Account s, $1 1, 800
49. An aging of a company's accounts receivable indicates that $5,000 are estimated to be uncollectible. If
Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the
period will require a
a. debi t to Al l owance for Doubtful Accounts for $3,800.
b. debit to Bad Debts Expense for $3,800.
c. debit to Allowance for Doubtful Accounts for $5.000.
d. credit to Allowance for Doubtful for $5,000.
50. To record estimated uncollectible accounts using the allowance method, the adjusting entry would be a
a. debit to Bad Debts Expense and a credit to Allowance for Doubtful Accounts.
b. debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts.
c. debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
d. debit to Loss on Credit Sales and a credit to Accounts Receivable.
51. Interest on a note can be calculated without knowledge of the
a. note's maturity date
b. rate ofinterest
c. notes duration
d. pri nci pal amount
Name:
ID: A
52. The journal
entry to record a note received from a customer to apply on account is
a. debi t Notes Recei vabl e; credi t Accounts Recei vabl e
b. debi t Accounts Recei vabl e; credi t Notes Recei vabl e
c. debi t Cash; credi t Notes Recei vabl e
d. debi t Notes Recei vabl e; credi t Notes Payabl e
53. Bri ght Co. hol ds Park Co.' s $40,000, 120 day,9o/o note. The entry made by Bri ght Co. when the note i s
collected, assuming no interest has previously been accrued is:
a. Cash 40,000
Notes Recei vabl e 40,000
b. Accounts Recei vabl e 41,200
Notes Recei vabl e 40,000
l nterest Revenue 1.200
c. Cash 41,200
Notes Recei vabl e 40,000
Interest Revenue 1,200
d. Accounts Recei vabl e 41.200
Notes Revenue 40,000
Interest Revenue 1,200
54. When comparing the direct write-off method and the allowance method of accounting for uncollectible
accounts, the entry to rei nstate a previ ousl y wri tten off accounts under the al l owance rnethod woul d i ncl ude:
a. A credit to Bad Debt Expense
b. A debi t to Bad Debt Expense
c. A debit to Allowance for Doubtful Accounts
d. A credi t to Al l owance for Doubtful Accounts
55. Abui l di ngwi t l i anappr ai sal val ueof $l 4T, 000i smadeavai l abl eat anof f er pr i ceof $152, 000. The
purchaser acquires the property for $35,000 in cash, a90-day note payable for $45,000, and a mortgage
amounting to $65,000. The cost basis recorded in the buyer's accounting records to recognize this purchase
i s
a. $147. 000
b. $1s2. 000
c. $145, 000
d. $l r 0. 000
56. The
journal
entry for recording an operating lease payment would
a. be a memo entry only
b. debit the fixed asset and credit Cash
c. debit an expense and credit Cash
d. debit a liability and credit Cash
57. When determining whether to record an asset as a fixed asset, what two criteria must be met?
a. Must be an investment and must be long lived.
b. Must be long lived and must use the asset in a productive manner.
c. Must be l ong l i ved and must be a tangi bl e asset.
d. Must be a tansible asset and must be an investment.
1 0
Name:
ID: A
58. Equipment with a cost of $ 160,000, an estimated residual value of $40,000, and an estimated life of 15 years
was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the
useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense
for the current and future years is
a. $11, 636
b. $16, 000
c. $l 1, 000
d. $8, 000
59. The proper j ournal
entry to purchase a computer on account to be uti l i zed wi thi n the busi ness woul d be:
a. Jan2 Of f i ce Suppl i es 1, 350
Accounts Payabl e 1,350
b. Jan2 Of f i ce Equi pment 1, 350
Accounts Payabl e 1,350
c. l an2 Of f i ce Suppl i es 1, 350
Accounts Recei vabl e 1.350
d. Jan2 Of f i ce Equi pment 1, 350
Accounts Recei vabl e 1,350
60. Computer equi prnent was acqui red at the begi nni ng of the year ata cost of $65,000 that has an esti mated
residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using
strai ght-l i ne deprec i ati on.
a. $26, 000
b. $24, 800
c. $ 12. 400
d. $13, 000
61. When a company sells machinery at a price equal to its book value, this transactiori would be recorded with
an entry that would include the following:
a. debit Cash and Accumulated Depreciation; credit Machinery
b. debi t Machi nery; credi t Cash and Accumul ated Depreci ati on
c. debit Cash and Machinery; credit Accumulated Depreciation
d. debit Cash and Depreciation Expense; credit Accumulated Depreciation
62. On December 31, Stri ke Company has deci ded to sel l one of i ts batti ng cages. The i ni ti al cost of the
equi pment was $21 5,000 wi th an accumul ated depreci ati on of $ 185,000. Depreci ati on has been taken up to
the end of the year. The company found a company that is willing to buy the eqLriprnent for $30,000. What
is the amount of the gain or loss on this transaction?
a. Gai n of $30,000
b. Loss of $30, 000
c. No gai n or l oss
d. Cannot be determined
11
Name:
ID: A
63. The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of
intangible assets is
a. amortization
b. depletion
c. depreci ati on
d. allocation
64. The exclusive riglit to use a certain name or symbol is called a
a. franchise
b. patent
c. trademark
d. copyright
t2
TD: A
SAMPLETEST2
- C} J45678
Answer Section
MULTIPLE CHOICE
l. ANS: C PTS: I DIF: Moderate OBJ: 06-01
NAT: AACSB Analytic
I
AICPA BB-Industry
2. ANS: B PTS: I DIF: Difficult OBJ: 06-02
NAT: AACSB Analytic
I
AICPA FN-Measurement
3. ANS: A PTS: I DIF: Easy OBJ: 06-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
4. ANS: C PTS: I DIF: Easy OBJ: 06-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
5. ANS: D PTS: 1 DIF: Easv OBJ: 06-02
NAT: AACSB Analytic
I
AICPA FN-Measurement
6. ANS: D PTS: I DIF: Easv OBJ: 06-02
NAT: AACSB Analytic
I
AICPA FN-Measurement
7. ANS: B PTS: 1 DIF: Difficult OBJ: 06-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
8. ANS: B PTS: 1 DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
9. ANS: D PTS: 1 DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
10. ANS: C PTS: 1 DIF: Moderate OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
11. ANS: C PTS: I DI F: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
12. ANS: A PTS: I DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
I
AICPA FN-Measurement
13. ANS: B PTS: I DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
14. ANS: D PTS: I DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
15. ANS: D PTS: I DIF: Difficult OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
16, ANS: D PTS: I DIF: Difficult OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
17. ANS: A PTS: 1 DIF: Moderate OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
18. ANS: D PTS: I DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
19. ANS: B PTS: 1 DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
I
AICPA FN-Measurement
20. ANS: A PTS: I DIF: Easy OBJ: 06-03
NAT: AACSB Analvtic I AICPA FN-Measurement
ID: A
21. ANS: B PTS: 1 DIF: Easy OBJ: 06-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
22. ANS: B PTS: I DIF: Easy OBJ: 06-App2
NAT: AACSB Analytic
IAICPA
FN-Measurement
23. ANS: A PTS: I DIF: Easy OBJ: 06-App2
NAT: AACSB Analy'tic
IAICPA
FN-Measurement
24. ANS: D PTS: I DIF: Moderate OBJ: 06-App2
NAT: AACSB Analytic
IAICPA
FN-Measurement
25. ANS: C PTS: I DIF: Moderate OBJ: 07-01
NAT: AACSB Analytic
IAICPA
FN-Measurement
26. ANS: D PTS: I DIF: Easy OBJ: 07-01
NAT: AACSB Analytic
IAICPA
FN-Measurement
27. ANS: D PTS: I DIF: Moderate OBJ: 07-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
28. ANS: B PTS: I DIF: Moderate OBJ: 07-02
NAT: AACSB Analytic
I
AICPA FN-Measurement
29. ANS: A PTS: I DIF: Easy OBJ: 07-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
30. ANS: B PTS: I DIF: Difficult OBJ: 07-03
NAT: AACSB Analytic
I
AICPA FN-Measurement
31. ANS: B PTS: I DI F: Di f f i cul t OBJ: 07-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
32. ANS: D PTS: I DIF: Easy OBJ: 07-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
33. ANS: C PTS: I DIF: Moderate OBJ: 07-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
34. ANS: A PTS: I DIF: Moderate OBJ: 07-03
NAT: AACSB Analytic
I
AICPA FN-Measurement
35. ANS: C PTS: I DIF: Difficult OBJ: 07-03
NAT: AACSB Analytic
IAICPA
FN-Measurernent
36. ANS: A PTS: 1 DIF: Moderate OBJ: 01-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
37. ANS: B PTS: 1 DIF: Easy OBJ: 07-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
38. ANS: B PTS: I DIF: Moderate OBJ: 01-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
39. ANS: B PTS: 1 DIF: Moderate OBJ: 07-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
40. ANS: D PTS: I DIF: Moderate OBJ: 07-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
41. ANS: D PTS: I DIF: Easy OBJ: 09-03
NAT: AACSB Analytic
IAICPA
FN-Measuremerrt
42. ANS: C PTS: I DIF: Moderate OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
43. ANS: C PTS: I DIF: Moderate OBJ: 09-04
NAT: AACSB Analvtic IAICPA FN-Measurement
ID: A
44. ANS: D PTS: I DIF: Easy OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
45. ANS: C PTS: 1 DIF: Easy OBJ: 09-04
NAT: AACSB Analytic
I
AICPA FN-Measurement
46. ANS: D PTS: I DIF: Moderate OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
47. ANS: C PTS: I DIF: Easy OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
48. ANS: A PTS: 1 DIF: Moderate OBJ: 09-04
NAT: AACSB Analytic
I
AICPA FN-Measurement
49. ANS: B PTS: 1 DIF: Moderate OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
50. ANS: A PTS: I DIF: Easy OBJ: 09-04
NAT: AACSB Analytic
IAICPA
FN-Measurement
51. ANS: A PTS: 1 DI F: Easy OBJ: 09-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
52. ANS: A PTS: 1 DIF: Easy OBJ: 09-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
53. ANS: C PTS: I DIF: Moderate OBJ: 09-06
NAT: AACSB Analytic
IAICPA
FN-Measurement
54. ANS: D PTS: 1 DI F: Moderat e OBJ: 09-05
NAT: AACSB Analytic
I
AICPA FN-Measurement
55. ANS: C PTS: I DI F: Moderat e OBJ: 10-01
NAT: AACSB Analytic
I
AICPA FN-Measurement
56. ANS: C PTS: 1 DI F: Easy OBJ: 10-01
NAT: AACSB Analytic
IAICPA
FN-Measurement
57. ANS: B PTS: I DI F: Moderat e OBJ: 10-01
NAT: AACSB Analytic
IAICPA
FN-Measurement
58. ANS: B PTS: I DIF: Difficult OBJ: 10-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
59. ANS: B PTS: I DI F: Easy OBJ: 10-02
NAT: AACSB Analytic
I
AICPA FN-Measurement
60. ANS: C PTS: I DI F: Easy OBJ: 10-02
NAT: AACSB Analytic
IAICPA
FN-Measurement
61. ANS: A PTS: I DIF: Moderate OBJ: 10-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
62. ANS: C PTS: 1 DI F: Easy OBJ: 10-03
NAT: AACSB Analytic
IAICPA
FN-Measurement
63. ANS: A PTS: I DI F: Easy OBJ: 10-05
NAT: AACSB Analytic
IAICPA
FN-Measurement
64. ANS: C PTS: I DIF: Easy OBJ: 10-05
NAT: AACSB Analytic IAICPA FN-Measurement