ACC/422 FINAL EXAM

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ACC/422 FINAL EXAM

1) Which of the following is NOT considered cash for financial reporting purposes? A. Coin, currency, & available funds B. Money orders, certified checks, & personal checks C. Petty cash funds & change funds D. Postdated checks & .'s

2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? A. As assets but separately from other receivables. B. As offsets to capital. C. As trade notes & accounts receivable if they otherwise qualify as current assets. D. By means of footnotes only.

3) Which of the following is considered cash? A. Money market savings certificates B. Certificates of deposit (CDs) C. Postdated checks D. Money market checking accounts

4) If a company employs the...

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