Friday, May 29, 2009

Accounting Exam

Was today. I had fun doing it.

Some sample questions, for you to enjoy.

1) Calculate depreciation expense under the straight-line method.
2) Which depreciation method will yield the highest net income?
3) Calculate current ratio.
4) What is a finance lease?
5) Why are investors interested in ROE?
6) Calculate value of ending inventory if using FIFO method.

Among many others. It was a 2 hour paper. I left after 40 minutes because it got tough sitting there acting like I was still doing my sums.

And the weekend's here!! Heading to the seaside.


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