ACG 2021, Introduction to Financial Accounting, Spring 2001, Exam 3 Final :: UFL Florida Business Accounting

2021FINALSP01 5/9/2001 FORM CODE: A Page 1 ACG 2021 †FINAL EXAM SPRING 2001 NAME _____________________________________ SS# ____________________________ Directions: Presently: Bubble in your segment number on your Scan Sheet. Fill in your name and standardized savings number on this assessment and your sweep sheet. 1. Listen cautiously for any remarks your delegate may have identified with the test. Peruse these guidelines cautiously. Inability to do so may bring about your losing focuses. 2. This test comprises of 60 various decision questions. Select the BEST answer and imprint the suitable space on the output sheet with a #2 pencil as it were. You MUST keep your output sheet face down on the work area at the point when you are not filling it in. 3. You may utilize ONLY a non-programmable adding machine during the test. Utilization of some other adding machine will be considered an infringement of the respect code. Your test will be taken from you and you will get an evaluation of 0. 4. Toward the finish of 2 hours, you will be advised to stop. Put your pencils down IMMEDIATELY. Inability to do as such will bring about your getting a zero for the test. 5. The test comprises of 16 pages, including this spread, present worth tables and a clear page toward the end. Ensure you have all pages and all inquiries. 6. Have your University of Florida Identification card fit to be checked when you turn in your test. 7. Accept the bookkeeping elements utilize a schedule year except if in any case noted. 8. Except if in any case determined, accept a 360-day year. 9. At the point when you are done, turn in your output sheet, just as your test. Answers will be posted on the web after the tests are given back in class. 10. The University of Florida arrangement on scholarly genuineness will be carefully implemented. At the point when you are advised to open your test, go to the first page and discover your test structure code. Promptly bubble this in on your scantron. 2021FINALSP01 5/9/2001 FORM CODE: A Page 2 1. Which of coming up next is normally NOT viewed as a drawn out risk? A) Bonds payable. B) Mortgages payable. C) Accrued post-retirement benefits. D) FICA charges payable. E) None of the above is right. 2. The impact on all out resources of the acquisition of provisions for money is An) an expansion in all out resources B) a reduction in all out resources C) all out resources stay unaltered D) an expansion in all out resources and all out liabilities E) an expansion in all out resources and current proportion 3. Which of coming up next isn't regularly a condition that must be met for income to be perceived (recorded) under the income guideline? A) The income procedure is finished or almost complete