These are the automatically computed results of your exam. markings for essay questions, and comments from your instructor, are in the Details section below. Date Taken: 11/17/2011
Time Spent:2 h , 30 min , 00 secs
Points Received:143 / 150 (95.3%)
marvel Type:# Of Questions:# Correct:
five-fold Choice3028
Essay2N/A
Grade Details
Page: 1 2 3
1.Question :(TCO A, B, C) external users want answers to all of the following questions except
scholar Answer: Is the caller earning satisfactory income?
Will the company be able to stomach its debts as they come due?
Did the company use a budget to plan its expenses?
How does the company compare in profitability with competitors?
Instructor history:chapter 1 page 7
Points Received:3 of 3
Comments:
2.Question :(TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called
pupil Answer: accounts payable.
notes receivable.
taxes payable.
bonds payable.
Instructor Explanation:chapter 1 page 10
Points Received:3 of 3
Comments:
3.Question :(TCO C) The statement of cash flows would disclose the payment of a dividend
Student Answer: nowhere on the statement.
in the operating activities section.
in the investing activities section.
in the financing activities section.
Instructor Explanation:chapter 1 page 15
Points Received:3 of 3
Comments:
4.Question :(TCO A) The live of assets consumed or services used is also known as
Student Answer: a revenue.
an expense.
a liability.
an asset.
Instructor Explanation:chapter 1 page 11
Points Received:3 of 3
Comments:
5.Question :(TCO C) Finley society recorded the following cash transactions for the year:
pay $90,000 for salaries.
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