ACCT I S 100 INTRODUCTORY FINANCIAL ACCOUNTING - REVISION MATERIALS

I. MULTIPLE CHOICE 1. The book value of a plant asset is the difference between the a) Cost of the asset and the yearly depreciation expense b) Replacement cost of the asset and its historical cost c) Proceeds received from the sale of the asset and its original cost d) Purchase price of the as...

AIS100 Final Quiz Due in class on Monday (May 1, 2017) Each question is worth 2pts. 1. On January 1, 2017, Tri-State Supply Company purchased at face value, a $1,000, 5%, bond that pays interest annually on January 1. Tri-State Company has a calendar year end. The entry on January 1, 2017, is ...

BLC AIS 100 Exam 2 Review- Answers 1. All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act of 2002 except: a. independent outside auditors must attest to the level of internal control. b. companies must develop sound internal controls over financial...

Business Learning Center AIS 100 – Spring 2014 Final Review Packet Chapters 11, 12, 13, Appendix E CHAPTER 11 Part 1: Multiple Choice 1) Which of the following are characteristics of a corporation? I. Transferable ownership rights II. Limited liability to stockholders III. Low taxes IV. G...