These are the answers to the problems in the LionTutors Exam

www.LionTutors.com
ACCTG211–Exam1–ReviewPacketAnswerKey
ThesearetheanswerstotheproblemsintheLionTutorsExamReview
packet.Thesolutionstothepracticeexamaretheotherfile.
1. B
2. B
3. A=O,L=O,SE=NE,Rev=NE,Exp=NE,NI=NE
4. NEforall
5. D
6. B
7. B
8. D
9. A
10. C
11. C
12. B
13. B
14. A
15. A=O,L=NE,SE=O,Rev=NE,Exp=U,NI=O
16. B
17. A=O,L=NE,SE=0,Rev=NE,Exp=U,NI=O
18. A=NE,L=NE,SE=NE,Rev=NE,Exp=O,NI=U
19. Increase
20. NE
21. NE
22. Increase
23. Decrease
24. NE
25. NE
26. Decrease
27. Decrease
28. Decrease
29. A
30. C
31. C
32. B
33. D
34. B
35. C
36. D
37. C
38. B
39. B
40. B
41. A=O,L=NE,SE=O,Rev=NE,Exp=U,NI=O
42. A=U,L=NE,SE=U,Rev=NE,Exp=O,NIU
43. A
44. B
45. C
46. C
47. C
48. D
49. D
50. C
51. D
52. A
53. C
54. C
55. C
56. A
57. C
58. B
59. B
60. B
61. A
62. D
63. C