ACCT1501 Practice Exam Questions 2014S1 QUESTION 1 (8 Marks) Financial Reporting Principles‚ Accounting Standards and Auditing‚ & Sustainability Reporting Provide short answers to the following: 1. What are generally accepted accounting principles? (2 Marks) 2. If you have a good idea and expect to make a lot of money from the idea is that a sufficient reason to recognise an asset? Explain why or why not. (2 Marks) 1 ACCT1501 Practice Exam Questions 2014S1 3. How can financial
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CJUS Final Review 1. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense‚ testify against himself. 2. Sixth Amendment guarantees what? The Sixth Amendment guarantees the right to legal counsel at all significant stages of a criminal proceeding. 3. The eighth amendment bars what? U.S. constitutional amendment forbidding excessive bail‚ excessive fines‚ and cruel and unusual
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1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year‚ cash sales are $300‚000 and credit sales are $1‚200‚000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? Debit Bad Debt Expense $12‚000‚ Credit – Allowance for Doubtful Accounts $12‚000 2) Using the percentage of receivables method for recording bad debts expense‚ estimated uncollectible accounts are $15‚000
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Practice Questions for AMFI Test 1. A close-ended mutual fund has a fixed : a. NAV b. fund size c. rate of return d. number of distributors 2. The maximum load that a fund can charge is determined by the : a. AMC b. SEBI c. AMFI d. distribution agents based on demand for the fund 3. The amount required to buy 100 units of a scheme having an entry load of 1.5% and NAV of Rs.20 is : a. Rs.2000 b. Rs.2015 c. Rs.1985 d. Rs.2030 4. A gilt fund is a special type of fund that invests
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cost advantages entrants have to pay higher prices for inputs‚ this may be due to economies of scale or due to existing firms owning or controlling the supply of scarce resources. Scale economy barriers exist when declining LRAC for the product in question makes it difficult for smaller firm to enter the market. Perfectly competitive markets are said to have 0‚ or low‚ barriers to entry compared to monopoly industries which have very high barriers. It is possible for monopolies to own patents and
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Describe the key features of the Stresemann foreign policy in the years 1923-1929 (6 marks). In 1924 Stresemann and Charles G. Dawes created the Dawes Plan. The Dawes Plan reduced annual reparation payments to an affordable amount. It was also agreed that American Banks would invest in German industry. This also improved the trust the allies had in Germany‚ as they were reassured that they would get their reparation payments. In 1925 Stresemann signed the Locarno Pact. This was a treaty between
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1. When comparing the composition of world trade in the early 20th century to the early 21st century‚ we find major compositional changes. These include a relative decline in trade in agricultural and primary-products (including raw materials). How would you explain this in terms of broad historical developments during this period? The typical composition of world production during this period experienced major changes. Focusing on today’s major industrial countries the industrial-employment composition
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Daydreams A day dream is defined as ‘a series of pleasant thoughts that distract one’s attention from the present’. In my opinion‚ a daydream is not a frivolous activity practiced only by a doe eyed schoolgirl during an unendurable French lesson. A daydream acts as a subconscious portal which allows one to escape from ones everyday life of stress and negative circumstances. One could almost say it is chewing gum for the mind. Of course‚ some differ in that view. A critically acclaimed author
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June 2013 Most people have several dreams each night‚ and a small number of these dreams come true a week or so later. Former American president‚ Abraham Lincoln‚ is believed to have dreamt of his assassination‚ two weeks before it happened. Some people interpret dreams coming true as evidence for the paranormal. However‚ others assume that probability or coincidence can explain this anomalous experience. Explain why some people see dreams which later come true as evidence for the paranormal‚
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Fall 2012 BISC 120Lg – M/W/F 10 A.M. section EXAM 3 Instructor: Dr. Karla Heidelberg PLEASE READ ALL THE INSTRUCTIONS CAREFULLY. 1.DO NOT start until instructed. 2.Make sure you have a total of 9 pages. Instructions for filling in the Blue Scantron Answer Sheet: 1. Enter your name in the NAME field (your last name first)‚ and fill in the appropriate bubbles. 2. Enter your USC STUDENT ID NUMBER in the field labeled IDENTIFICATION NUMBER‚ and fill in the appropriate bubbles
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