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    Apr 2011

    Icon51 MGT401 FINANCIAL ACCOUNTING II MIDTERM solve papers FALL 2011

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    Which one of the following is the example of non-profit oriented organization:




    All of the given options
    Question No: 2 ( Marks: 1 ) - Please choose one
    Annual General Meeting (AGM) is required to be held within _________ of incorporation.

    06 months

    12 months

    15 months

    18 months
    Question No: 3 ( Marks: 1 ) - Please choose one
    The amount by which the carrying amount of an asset exceeds its recoverable amount is called as:

    Impairment loss

    Residual value


    Fair value
    Question No: 4 ( Marks: 1 ) - Please choose one
    Which of the following are the examples of development activities?

    Design, construction and testing of pre-production models

    Design of tools, jigs moulds dies, involving new technology

    Design, construction and operation of pilot plant

    All of the given options

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