Accounting Exam 2 Practice Exam Questions Test Bank 2026 1 of 27 2026-03-26
Accounting Exam 2
Practice Exam Questions
Test Bank 2026
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Page 1 of 27 Accounting Exam 2 Practice Exam Questions Test Bank 2026.pdf
,Accounting Exam 2_ Practice Exam Questions 2 of 27 2026-03-26
Terms in this set (37)
On January 1, 2016, Microspace, Inc., purchased $11,000
$100,000 face value of the 11% bonds of Service
Express, Inc., at 103. The bonds mature on January
1, 2021. For the year ended December 21, 2019,
Microspace received cash interest of
a. $11,000
b. $11,330
c. $11,600
d. $10,400
Page 2 of 27 2 Accounting Exam 2_ Practice Exam Questions.pdf
, Accounting Exam 2_ Practice Exam Questions 3 of 27 2026-03-26
Net sales revenue $628,000 $180,000
Beginning inventory $64,000
Ending inventory $43,000
Net purchases $450,000
Based on these facts, the gross profit for Dodge
Company is
a. $178,000
b. $147,000
c. $180,000
d. $157,000
Which of the following in NOT a capital A tune-up of a company vehicle
expenditure?
a. A complete overhaul of an air-conditioning
system
b. The addition of a building wing
c. Replacement of an old motor with a new one in
a piece of equipment
d. A tune-up of a company vehicle
e. The cost of installing a piece of equipment
Page 3 of 27 3 Accounting Exam 2_ Practice Exam Questions.pdf
Accounting Exam 2
Practice Exam Questions
Test Bank 2026
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ 1
Page 1 of 27 Accounting Exam 2 Practice Exam Questions Test Bank 2026.pdf
,Accounting Exam 2_ Practice Exam Questions 2 of 27 2026-03-26
Terms in this set (37)
On January 1, 2016, Microspace, Inc., purchased $11,000
$100,000 face value of the 11% bonds of Service
Express, Inc., at 103. The bonds mature on January
1, 2021. For the year ended December 21, 2019,
Microspace received cash interest of
a. $11,000
b. $11,330
c. $11,600
d. $10,400
Page 2 of 27 2 Accounting Exam 2_ Practice Exam Questions.pdf
, Accounting Exam 2_ Practice Exam Questions 3 of 27 2026-03-26
Net sales revenue $628,000 $180,000
Beginning inventory $64,000
Ending inventory $43,000
Net purchases $450,000
Based on these facts, the gross profit for Dodge
Company is
a. $178,000
b. $147,000
c. $180,000
d. $157,000
Which of the following in NOT a capital A tune-up of a company vehicle
expenditure?
a. A complete overhaul of an air-conditioning
system
b. The addition of a building wing
c. Replacement of an old motor with a new one in
a piece of equipment
d. A tune-up of a company vehicle
e. The cost of installing a piece of equipment
Page 3 of 27 3 Accounting Exam 2_ Practice Exam Questions.pdf
