ADM 2342 Final: Final_2340f07.doc

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Section: (check one) a (pyper) ___ b (pyper)___ c (kalyta)___ d (pyper)___ E (tass )___ f (collier)___ g (kalyta)__: all questions including multiple-choice questions must be answered in a separate booklet, please do not ask the professor or the invigilator to explain or interpret questions. Only questions concerning possible errors in the exam will be answered: books and notes are not permitted, programmable calculators are not allowed. Calculators must not be shared: show all supporting calculations clearly where required. Answers will not be marked if written illegibly: language dictionaries are allowed but will be checked. Each correct answer is worth 1 point: during the current year, jamul corporation sold ,000,000 in goods that cost ,000. Jamul collected ,000 of the credit sales during the year. What amount of revenue should jamul recognize for the year under the accrual based accounting? a. b. c. d. Use the following information for questions 2 and 3: