2021FINALSP01 5/9/2001 FORM CODE: A
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ACG 2021 – FINAL EXAM
SPRING 2001
NAME _____________________________________ SS# ____________________________
Instructions:
NOW: Bubble in your section number on your Scan Sheet.
Fill in your name and social security number on this examination and your scan sheet.
1. Listen carefully for any comments your proctor may have related to the exam. Read these instructions
carefully. Failure to do so may result in your losing points.
2. This exam consists of 60 multiple-choice questions. Select the BEST answer and mark the appropriate
space on the scan sheet with a #2 pencil only. You MUST keep your scan sheet face down on the desk
when you are not filling it in.
3. You may use ONLY a non-programmable calculator during the exam. Use of any other calculator will be
considered a violation of the honor code. Your exam will be taken from you and you will receive a grade
of 0.
4. At the end of 2 hours, you will be told to stop. Put your pencils down IMMEDIATELY. Failure to do so
will result in your receiving a zero for the exam.
5. The exam consists of 16 pages, including this cover, present value tables and a blank page at the end.
Make sure you have all pages and all questions.
6. Have your University of Florida Identification card ready to be checked when you turn in your exam.
7. Assume the accounting entities use a calendar year unless otherwise noted.
8. Unless otherwise specified, assume a 360-day year.
9. When you are finished, turn in your scan sheet, as well as your exam. Answers will be posted on the web
after the exams are handed back in class.
10. The University of Florida policy on academic honesty will be strictly enforced.
When you are told to open your exam, turn to the first
page and find your exam form code. Immediately bubble
this in on your scantron.
2021FINALSP01 5/9/2001 FORM CODE: A
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1. Which of the following is usually NOT considered to be a long-term liability?
A) Bonds payable.
B) Mortgages payable.
C) Accrued post-retirement benefits.
D) FICA taxes payable.
E) None of the above is correct.
2. The effect on total assets of the purchase of supplies for cash is
A) an increase in total assets
B) a decrease in total assets
C) total assets remain unchanged
D) an increase in total assets and total liabilities
E) an increase in total assets and current ratio
3. Which of the following is not normally a condition that must be met for revenue to be recognized
(recorded) under the revenue principle?
A) The earnings process is complete or nearly complete
5. I had to stay after school for an hour in order for Mrs. Logue to elucidate on genetics.
Instructions: Write your name and the date on the top of this exam. Your must turn in this
Materials required: In order to administer the KLST-2 one must first acquire the complete KLST-2 test kit. The KLST-2 test kit includes an examiners manual, 50 profile/examiner record forms, picture book and three picture cards.
The final test was to answer 29 questions including: name, sex, marital status, occupation, nationality, ability to read and write, race, physical and mental health, how much money they had, prison records, and if they were polygamists or anarchists.
You should be able to answer these questions on Wednesday/Thursday when you come to class. You can take notes if you like, or you can annotate your book (post-its work great).
1. My teacher told us that we weren’t allowed to expunge anything we had already written on our test.
3. My teacher gave a test a week; a predilection that most of the class disliked.
Knutsen informed the students that they would be moving to the lab for the second period to begin their Scantron Assessment. He explained to them that the Scantron was an online test that allows you to answers questions based on math concepts you learned up to this point in your educational career. He informed them that every student in the building is taking the Math and Literacy tests and that you will use the computers in the lab to answer the questions. Next, Mr. Knutsen presented a few math topics on the SmartBoard in the form of review questions and asked the students to track the speaker and answer the question in their notebook. He set the timer for ten minutes and allowed the students to answer. When the timer rang, he asked students to go up to the SmartBoard, one by one, to answer the problems. The concepts reviewed in these problems were dividing fractions by fractions, creating a number line and solving equations. After the students wrote the answers on the board and Mr. Knutsen went through the problems, he moved on to the introduction of the Scantron
5. Chose one solution and carry it out. Then ask if it has been working.
n my violation of the Aggie Code of Honor, I took the risk of taking an unfair advantage over my classmates to maximize an exam grade. My ultimate failure was deciding to cheat for the betterment of my grade over studying harder and working for my own grade. How Atul Gawande explains in "Failure to Rescue, they're three ways to fail to rescue. The wrong plan, the inadequate plan, and having no plan at all. The wrong plan in my situation would be to ignore all reasoning and continue to act unethical and cheat on further exams. This would obviously would be idiotic. The inadequate plan would be to simply to answer these essay questions and not actually take anything experience from these reflections. The no plan at all would be to ignore that this ever happened and continue
Results. Write up your result (the letters and the full typology) and your interpretation of the meaning of your result (do not copy and paste what the assessment gives you).
Answers were listed as in A, B, C format, with each letter representing an answer. Following this survey, students who wer...
You will need to fill in all sections of this design document (as well as the scheduling spreadsheet) in order to cover the minimum requirements for assessment 2. Please follow
Morse, Jodie. "Is That Your Final Answer?.” Educational Tests and their Measurements. June 2000. Web. 30 June 2015.
FASB Statement of Financial Accounting Concepts (CON) 5, Recognition and Measurement in Financial Statements of Business Enterprises, set forth the historic guiding principle to revenue recognition. Pursuant to paragraph 83, for revenue to be recognized it must be (a) realized or realizable and (b) earned. Revenues are “realized” when products, goods, services, or other assets are exchanged for cash or claims to cash. They are “realizable” when related assets received or held are readily convertible to known amounts of cash or claims of cash. Revenue is “earned” when an entity has “substantially accomplished what it must do to be entitled to the benefits represented by the revenues.” SEC Staff Accounting Bulleting (SAB) 104, Revenue Recognition issued in December 2003 provided additional guidance to when revenue is realized or realizable and earned setting forth four basic criteria: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services have been rendered, (3) the seller’s price to the buyer is fixed or determinable, and (4) collectibility is reasonable assured.