Exam on Ch. 1-4
For Monday Oct 3rd,
read Ch. 5M 5-4, 5-6
There are, on this exam:9 problems and a bonus
1 (worth 10 points)Label A/L/R/E/SE and what statement (B/S, S/RE, I/S)
2 (worth 8 points)T accounts, + on the increase side
3 (worth 3 points)Questions you will answer with T accounts
4 (worth 11 points, with 2 point bonus)11 transactions (Ch. 2-3), asks for effect on balance sheet and income
5 (worth 12 points)Given a financial statement, calculate the ratios to 2 decimal placements, and make a comment on it; how are the assets primarily financed (creditors or investors/stockholders), and support
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