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ACCT 504 Week 4 Midterm Exam Set 1.docx

Type

Exam Practice

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Showing Page:
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Grading Summary
These are the automatically computed
results of your exam. Grades for essay
questions, and comments from your
instructor, are in the "Details" section below.
Date Taken:
Time Spent: 1 h , 41 min , 28 secs
Points Received: 149 / 150
Question Type: # Of Questions: # Correct:
Multiple Choice 30 30
Essay 2 N/A
Grade Details - All Questions

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Page:
1. Question :
(TCO A, B, C) External users want answers to all of the following
questions except:
Student Answer:
Is the company earning satisfactory income?
Will the company be able to pay its debts as they come due?
Did the company use a budget to plan its expenses?
How does the company compare in profitability with
competitors?
Instructor Explanation:
Chapter 1 page 6
Points Received: 3 of 3
Comments:
2. Question :
(TCO C) Borrowing money is an example of a(n):
Student Answer:
delivering activity.
financing activity.
investing activity.
operating activity.
Instructor Explanation:
Chapter 1 page 9
Points Received: 3 of 3
Comments:
3. Question :
(TCO C) Buying and selling products are examples of:

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Anonymous
Had to paraphrase some of the content but overall, really useful material.

Anonymous
Thanks, good work

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