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C521 Exam 1
Name: | Imtiaz Ahmed |
You have three hours to take and submit this exam. You must save this file using the following convention: LastnameFirstname (for example, my exam would be saved as SmithReed.docx). If you do not have the most current version of Word, that is OK. The file extension might be .doc instead. The document is protected (Tools menu) so that the data in the answer cells is type-restricted. You may unprotect the document in order to “paste” excerpts from Excel (they must be formatted to fit) into your computations, but then you should re-protect the document without passwords so that you do not lose the answer formatting for the remainder of the exam. The exam does NOT have to be protected when it is submitted (after you are done).
Instructions: Enter your name in the space provided above and enter your answers in each of the form spaces provided. For each question, there is a space at the bottom of the problem where you may enter the details of your computation in order to potentially earn partial credit. The space provided will expand as you write in it. You do not have to enter anything there (and if you are certain your answers are correct, you should not do so). It is provided as an option if you wish to explain how you arrived at your answer. If you do so, please write your response so that I can follow your logic and label your computations. If I cannot follow what you did, you will not receive partial credit.
You are permitted to use your book and any other resources in the lessons folders (including powerpoints, excel sheets, lectures, etc.) but you are not permitted to correspond with any other individual or to use general web based resources (e.g. Google) in aiding you on this test.
Problem 1 (12 points)
The balance sheet for Rogers Corporation at December 31, 2012, showed the following subtotals:
Current liabilities 80,000 Property, plant and equipment 420,000 Total stockholders’ equity
Name: | Imtiaz Ahmed |
You have three hours to take and submit this exam. You must save this file using the following convention: LastnameFirstname (for example, my exam would be saved as SmithReed.docx). If you do not have the most current version of Word, that is OK. The file extension might be .doc instead. The document is protected (Tools menu) so that the data in the answer cells is type-restricted. You may unprotect the document in order to “paste” excerpts from Excel (they must be formatted to fit) into your computations, but then you should re-protect the document without passwords so that you do not lose the answer formatting for the remainder of the exam. The exam does NOT have to be protected when it is submitted (after you are done).
Instructions: Enter your name in the space provided above and enter your answers in each of the form spaces provided. For each question, there is a space at the bottom of the problem where you may enter the details of your computation in order to potentially earn partial credit. The space provided will expand as you write in it. You do not have to enter anything there (and if you are certain your answers are correct, you should not do so). It is provided as an option if you wish to explain how you arrived at your answer. If you do so, please write your response so that I can follow your logic and label your computations. If I cannot follow what you did, you will not receive partial credit.
You are permitted to use your book and any other resources in the lessons folders (including powerpoints, excel sheets, lectures, etc.) but you are not permitted to correspond with any other individual or to use general web based resources (e.g. Google) in aiding you on this test.
Problem 1 (12 points)
The balance sheet for Rogers Corporation at December 31, 2012, showed the following subtotals:
Current liabilities 80,000 Property, plant and equipment 420,000 Total stockholders’ equity