Acct 208 exam

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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…show more content…
funded b. unfunded c. defined benefit d. defined contribution Under the allowance method, writing off an uncollectible account a. affects only income statement accounts. b. is not acceptable practice. c. affects only balance sheet accounts. d. affects both balance sheet and income statement accounts. Which one of the following below is not an element of internal control? a. risk assessment b. monitoring c. information and communication d. behavior analysis The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called a. depletion b. deferral c. amortization d. depreciation Multiple Choice (1 points each) When you don’t know what you are doing, DO IT NEATLY! Accounting 208—Evening Session, Fall 2013 Instructor: Allison 3 Name: _____________________________________ Date: _________________ Third Midterm -- Chapters 8, 9, 10 & 11 100 points d Quick assets include a. cash; cash equivalents, receivables, prepaid expenses, and inventory b. cash; cash equivalents, receivables, and prepaid expenses c. cash; cash equivalents, receivables, and inventory d. cash; cash equivalents, and receivables d Which of the following should be included in the acquisition cost of a piece of

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