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ADM 1340 Study Guide - Midterm Guide: Going Concern, Zzzz, Maui Land & Pineapple Company

Course Code
ADM 1340
Philip Mc Ilkenny
Study Guide

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Midterm Examination
ADM 1340
Financial Accounting
Winter 2011
Time: 2 hours
Student Name: _________________________________
Student #: _____________________________________
Section: 1340M (Prof. Kerr) ____ 1340R (Prof. Liboiron) ____
1340N (Prof. McIlkenny) ____ 1340S (Prof. Pyper) ____
1340P (Prof. McIlkenny) ____ 2340M (Prof. Rakotovolona) ____
1340Q (Prof. Pyper) ____ 2340N (Prof. Kerr) ____
Make sure that you read the instructions on page 2 of
this exam.
Q1 to 30 (multiple choice) /30
Q31 /8
Q32 /7
Q33 /10
Q34 /5
Q35 /20

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1. Answer all questions in this booklet. Booklet is not to be removed from the
examination room. You may separate the pages but ensure that you put them
back together and staple before handing in. Ensure that you show all
supporting calculations in order to receive full marks.
2. Limit your answer to the space provided. Indicate if you use the back of a page.
3. The use of standard abbreviations (for example, A/R for Accounts Receivable and
COGS for Cost of Goods Sold) is quite acceptable.
4. Budget about 1.5 minutes per mark. Please do not ask the invigilators
questions. Make reasonable assumptions where necessary.
5. Language dictionaries are allowed. Use only non-programmable calculators.
6. The use of electronic communication devices such as cell phones is strictly
prohibited during the exam. Sharing of calculators is also strictly prohibited.
7. You must sign the Statement of Academic Integrity below.
Statement of Academic Integrity:
The School of Management does not condone academic fraud, an act by a student that
may result in a false academic evaluation of that student or of another student. Without
limiting the generality of this definition, academic fraud occurs when a student commits
any of the following offences: plagiarism or cheating of any kind, use of books, notes,
mathematical tables, dictionaries or other study aid unless an explicit written note to the
contrary appears on the exam, to have in his/her possession cameras, radios (radios
with head sets), tape recorders, pagers, cell phones, or any other communication device
which has not been previously authorized in writing.
Statement to be signed by the student:
I have read the text on academic integrity and I pledge not to have committed or
attempted to commit academic fraud in this examination.
Signed: ________________________________________
An examination without this signed statement will not be graded and will receive
an exam grade of zero.

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Multiple Choice Questions (30 marks – one mark each)
Answer all multiple choice questions by writing your response (the corresponding
letter) in the answer column below.
# Answer # Answer
1 16
2 17
3 18
4 19
5 20
6 21
7 22
8 23
9 24
10 25
11 26
12 27
13 28
14 29
15 30
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