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

Exam Information

Material Type:Exam 1
Class:ACIS 2115 - Principles of Accounting
Subject:Accounting & Information Systems
University:Virginia Polytechnic Institute And State University
Term:Fall 2000
  • Employee vages
  • Service Expenses
  • Jeremy Corporation
  • Lot Discuss
  • Cash Flow Category
  • Employee Vages
  • -Rf-Fc Pee Tcd
  • Cash Purchase
  • Long-Term Bank Note
  • Decrease Cash
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ACIS2115 SHOULDERS CHAPTER I TEST FALL 2000 NA\1E _____________ _ Pledge: I HAVE NEITHER GIVEN "lOR RECEIVED AID IN COMPLETING THIS EXAM. I WILL "lOT DISCUSS THE EXAM WITH OTHERS BEFORE 8 P.M .. AUG. 29, 2000. Signature 1. \\"hat is the difference bet\veen managerial accounting and financial accounting? /v!a/1t<;TE'r ",I --d ror /",n+c''-I-7a / c!pccf'-;:>,..-, /'l-?4k/""'7 iSr?c.nc,Q/ _:::> prov,Ae' >n;?orn-"e<-/-.,er> ''';-or e><"#r'flof-/ cA3er,.c 2. \Vhat is the difference between contributed capital and retained eamings? Give one example ofa transaction that affects contributed capital. Give t\\'O examples of transactions that affect retained earnings. _;, 7JA!.~-'-:..-.) ~v;-,J/~1-<-?::.--~:zz...:. ~ , , ' reFY, i ,I '~, c) ;;: >' :( , -) 1~A: fH ~c_{ '"7>,-&.1"-( '~ _J' --,.-.. -- 2 3. a. When should revenues be recognized and reported in the income statement? =- , /Jr'~'CG,-..),a: V /iFf[~ -rf-fc PEe tCD (A...J ;:",:.>,-,'-1) 6e- <.-l- -0- b. \Vhen...

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