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Acct7101 Past Exam Paper

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Acct7101 Past Exam Paper
VENUE: SEAT NUMBER: STUDENT NUMBER:

STUDENT NAME:

Family Name

First Name

FINAL EXAMINATION St Lucia Campus
Semester Two 2011

ACCT7101 ACCOUNTING
PERUSAL TIME WRITING TIME EXAMINER 10 mins. During perusal, write on the blank paper provided 3:00 Hours Mark Russell

This examination paper has

18 pages (not including the title page) and

is printed Double-Sided

THIS EXAMINATION PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM

Exam Type:

Closed Book - Specified materials permitted

Examiner's use ONLY

Question

Mark

Permitted Materials:

Calculator Yes- Any calculator permitted- unrestricted Dictionary Yes- Any unmarked paper dictionary is permitted Other- No electronic aids are permitted (e.g. laptops, phones)

Answer: (Where students should write answers)

Part A on True/False Multiple Choice Answer: Sheet Part B on Examination paper in spaces provided

Other Instructions:

Total Number of Questions: (for the whole examination)

17

Total Number of Marks

75 total marks

TOTAL

I

Students must comply w1th the General Award Rules 1A.5 and 1A.7 which outline the responsibilities of students during an examination.

ACCT 7101: Accounting- Final Examination, Second Semester, 2011

PART A Multiple Choice Questions

(10 marks)

Each multiple choice question is worth 1 mark. All questions to be answered. Choose only one (the most appropriate) answer for each question.

1.

The net effect of a share dividend on total shareholders' equity: a. Is an increase in total shareholders' equity. b. Is a decrease in total shareholders' equity. c. May either be an increase or a decrease in total shareholders' equity. d. There is insufficient information to answer this question. e. Has no effect on total shareholders' equity.

2.

For the financial year ending on 30 June 2010 Mouse Ltd had a total of $120,000 in revenue and $75,000 expenses, and paid $15,000 in dividends. It had $200,000 in share

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