Name: Nguyễn Phương Minh vnu student id: 21051658



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Fall 2022 - Midterm USF - 4




TOTAL:100 points
Midterm Exam
Nov/2022
Name: Nguyễn Phương Minh
VNU Student ID: 21051658
Answer All Questions
Time: 150 minutes for answering + 10 minutes for upload



  1. True or False (if chosen False, please revise to correct one) 3 points/ each

Q1

Q2

Q3

Q4

Q5

Q6

Q7

Q8

Q9

Q10

F

T

T

T

T

F

F

F

F

T

T F 1. Financial accounting involves reporting results of operating activity to administrators within an organization
1. Financial -> Managerial
T F 2. The cash flow statement is the length of time it takes a company to turn cash back into cash via investing in inventory and accepting accounts receivable
T F 3. A balance sheet presents the changing in cash
T F 4. To increase the balance in the account receivables, you would credit the account
T F 5. Normal balance for the account payables is credit
T F 6. Journal contains list of accounts maintained by a company

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