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Past Exam for ACIS 2115 - Principles of Accounting with Yardley at Virginia Tech (VT)

Exam Information

Material Type:Final
Professor:Yardley
Class:ACIS 2115 - Principles of Accounting
Subject:Accounting & Information Systems
University:Virginia Polytechnic Institute And State University
Term:Fall 2008
Keywords:
  • Cash Payment
  • Accounting Entry
  • Stockholder
  • Return on Sales
  • Line of Credit
  • Differences
  • Circumstances
  • Share of Market
  • Similarities
  • Cash Transaction
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Sample Document Text

ACIS 2115 Final Exam Review Emily Franko, TA DISCLAIMER: This review sheet is to assist studying and should not be the only thing studied. 1. Bonds Payable is what type of account? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 2. Interest Payable is what type of account? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 3. Notes Receivable is what type of account? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 4. Dividends is what type of account? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 5. Dividends Payable is what type of account? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 6. Interest Receivable is what type of account? What about Accounts Receivable and Notes Receivable? a. Asset b. Liability c. Revenue d. Expense e. Stockholder’s Equity 7. If a company uses the direct write-off method, which of the following describes the entry made when the company gives up on the collection of a s...

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