Acct 208 exam
Name: _____________________________________
Date: _________________
Third Midterm -- Chapters 8, 9, 10 & 11
100 points
Key
Section
Possible Points
True/False
Multiple Choice
Problems
Total
25
24
55
104
Your Score
Your Points
___________
Be legible!!!! (If I can’t read what you put down, I can’t grade it and I will not guess at what you might have written.) Mark the True/False answers in the appropriate column!!
Put the letter answer to the Multiple Choice Questions in the space provided in the column to the left of the question!!! (Circling the answer in the question is not adequate.) Show your work on the problems!!!!
If there is not enough space for you to complete an answer in the area provided, use the back of the page and notate for me where you are putting your answer!!
When you don’t know what you are doing, DO IT NEATLY!
Accounting 208—Evening Session, Fall 2013
Instructor: Allison
1
Name: _____________________________________
Date: _________________
Third Midterm -- Chapters 8, 9, 10 & 11
100 points
True/False (1 points each)
True
False
T
T
T
F
T
F
T
T
F
F
T
T
F
T
F
F
T
T
F
T
F
T
F
T
T
Question
The Sarbanes-Oxley Act requires that financial statements of all public companies report on management's conclusions about the effectiveness of the company's internal controls.
Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance for uncollectible receivables.
A check for $342 was erroneously charged by the bank as $432. In order for the bank reconciliation to balance, you must add $90 to the bank statement balance.
In order to be a recorded contingent liability, the liability must be possible and easily estimated.
The difference between accounts receivable and its contra asset account is called net realizable value. Most employers are required to withhold federal unemployment taxes from
Date: _________________
Third Midterm -- Chapters 8, 9, 10 & 11
100 points
Key
Section
Possible Points
True/False
Multiple Choice
Problems
Total
25
24
55
104
Your Score
Your Points
___________
Be legible!!!! (If I can’t read what you put down, I can’t grade it and I will not guess at what you might have written.) Mark the True/False answers in the appropriate column!!
Put the letter answer to the Multiple Choice Questions in the space provided in the column to the left of the question!!! (Circling the answer in the question is not adequate.) Show your work on the problems!!!!
If there is not enough space for you to complete an answer in the area provided, use the back of the page and notate for me where you are putting your answer!!
When you don’t know what you are doing, DO IT NEATLY!
Accounting 208—Evening Session, Fall 2013
Instructor: Allison
1
Name: _____________________________________
Date: _________________
Third Midterm -- Chapters 8, 9, 10 & 11
100 points
True/False (1 points each)
True
False
T
T
T
F
T
F
T
T
F
F
T
T
F
T
F
F
T
T
F
T
F
T
F
T
T
Question
The Sarbanes-Oxley Act requires that financial statements of all public companies report on management's conclusions about the effectiveness of the company's internal controls.
Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance for uncollectible receivables.
A check for $342 was erroneously charged by the bank as $432. In order for the bank reconciliation to balance, you must add $90 to the bank statement balance.
In order to be a recorded contingent liability, the liability must be possible and easily estimated.
The difference between accounts receivable and its contra asset account is called net realizable value. Most employers are required to withhold federal unemployment taxes from