2021FINALSP01 5/9/2001 FORM CODE: A
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ACG 2021 – FINAL EXAM
SPRING 2001
NAME _____________________________________ SS# ____________________________
Instructions:
NOW: Bubble in your section number on your Scan Sheet.
Fill in your name and social security number on this examination and your scan sheet.
1. Listen carefully for any comments your proctor may have related to the exam. Read these instructions
carefully. Failure to do so may result in your losing points.
2. This exam consists of 60 multiple-choice questions. Select the BEST answer and mark the appropriate
space on the scan sheet with a #2 pencil only. You MUST keep your scan sheet face down on the desk
when you are not filling it in.
3. You may use ONLY a non-programmable calculator during the exam. Use of any other calculator will be
considered a violation of the honor code. Your exam will be taken from you and you will receive a grade
of 0.
4. At the end of 2 hours, you will be told to stop. Put your pencils down IMMEDIATELY. Failure to do so
will result in your receiving a zero for the exam.
5. The exam consists of 16 pages, including this cover, present value tables and a blank page at the end.
Make sure you have all pages and all questions.
6. Have your University of Florida Identification card ready to be checked when you turn in your exam.
7. Assume the accounting entities use a calendar year unless otherwise noted.
8. Unless otherwise specified, assume a 360-day year.
9. When you are finished, turn in your scan sheet, as well as your exam. Answers will be posted on the web
after the exams are handed back in class.
10. The University of Florida policy on academic honesty will be strictly enforced.
When you are told to open your exam, turn to the first
page and find your exam form code. Immediately bubble
this in on your scantron.
2021FINALSP01 5/9/2001 FORM CODE: A
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1. Which of the following is usually NOT considered to be a long-term liability?
A) Bonds payable.
B) Mortgages payable.
C) Accrued post-retirement benefits.
D) FICA taxes payable.
E) None of the above is correct.
2. The effect on total assets of the purchase of supplies for cash is
A) an increase in total assets
B) a decrease in total assets
C) total assets remain unchanged
D) an increase in total assets and total liabilities
E) an increase in total assets and current ratio
3. Which of the following is not normally a condition that must be met for revenue to be recognized
(recorded) under the revenue principle?
A) The earnings process is complete or nearly complete
1. My teacher told us that we weren’t allowed to expunge anything we had already written on our test.
Instructions: Write your name and the date on the top of this exam. Your must turn in this
2. Answer questions in each of the Knowledge Check areas on pages: 10, 17, and 28.
I do not claim that this practice exam will have the same appearance as the actual exam. Some of the forms and answer portions might have a different appearance. However, you’ll know what to expect on the actual exam, how the exam is given, how it’s taken, and how its’ scored. In other words, you’ll know in advance what to do when you get there.
4) Repeat this same test three time in order to gather and average later on.
The final test was to answer 29 questions including: name, sex, marital status, occupation, nationality, ability to read and write, race, physical and mental health, how much money they had, prison records, and if they were polygamists or anarchists.
In some areas, this practice exam will not have the exact appearance as the actual exam. However, a great effort has been made to come as close as possible to the real thing. Using this program should provide a clear knowledge of what to expect when taking the actual exam. Doing well on the exam is up to you. I’m providing the tools to prepare and it’s up each individual to use those tools ...
To make sure that my test is fair I will make sure to keep all the
Knutsen informed the students that they would be moving to the lab for the second period to begin their Scantron Assessment. He explained to them that the Scantron was an online test that allows you to answers questions based on math concepts you learned up to this point in your educational career. He informed them that every student in the building is taking the Math and Literacy tests and that you will use the computers in the lab to answer the questions. Next, Mr. Knutsen presented a few math topics on the SmartBoard in the form of review questions and asked the students to track the speaker and answer the question in their notebook. He set the timer for ten minutes and allowed the students to answer. When the timer rang, he asked students to go up to the SmartBoard, one by one, to answer the problems. The concepts reviewed in these problems were dividing fractions by fractions, creating a number line and solving equations. After the students wrote the answers on the board and Mr. Knutsen went through the problems, he moved on to the introduction of the Scantron
a written test, Computer Applications, the test that led me here. As the days quickly went on it
Results. Write up your result (the letters and the full typology) and your interpretation of the meaning of your result (do not copy and paste what the assessment gives you).
Morse, Jodie. "Is That Your Final Answer?.” Educational Tests and their Measurements. June 2000. Web. 30 June 2015.
A. Some of you might have had problems finding your keys before you came to class.
The revenue/cost period-: Revenue and the cost period in accounting that the company get income from normal business activities. It’s referred to normal business income that the company got by selling their product and service.
9. Therefore the only plausible explanation is that B is quite annoyed at me calling this early.