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Question

1. (TCO 2) I can access the DeVry University Library from (Points : 6)

http://library.devry.edu/.

the Student Portal.

my course shell.

All of the above

Question 2.2. (TCO 2) To log into the DeVry University Library databases, I use my D# and (Points
: 6)

YYYYMM—year and month date of birth.

Mon-19xx—three letter month, hyphen, and year of birth.

my network login.

All of the above

Question 3.3. (TCO 2) The citation feature in the Library databases (Points : 6)

is unfailingly correct in producing APA citations.

is a rendition of APA citations that may be inaccurate.

is a third-party AI algorithm designed to read minds.

All of the above

Question 4.4. (TCO 4) It is important to know about DeVry’s Academic Integrity policy (Points : 6)

,because not all schools have the same academic integrity policy or the same procedures for
enforcing it.

knowing DeVry’s policy will help you avoid confusion.

because research shows that the more a school talks about academic integrity, the more likely it
is that the students will follow the academic integrity policy.

All of the above

Question 5.5. (TCO 4) Who can you contact if you see someone violating academic integrity?
(Points : 6)

Your professor

Your Student Support Advisor

The chair of your college

All of the above

Question 6.6. (TCO 4) You are taking an online statistics class and are really having a hard time
with the concepts. This week is the Midterm, but you feel confident you will fail it. Which of these
actions would violate academic integrity? (Points : 6)

Getting tutoring in statistics from your sister, who is good at math, before you take the exam

Checking to see if the answers for the exam are on the Internet

Taking the exam yourself and doing your best

Spending hours in a quiet study room reviewing the notes you have taken during lesson

Question 7.7. (TCO 4) You are new to DeVry and new to participating in online discussions, so you
do not have a lot of experience with online discussions. One of the discussion prompts asks you
to look something up on the Internet and report back to the class. Do you need to cite your
source in this case? (Points : 6)

Yes, so you can avoid plagiarism.

Yes, because you should always cite your sources when you do research, no matter what kind of
writing you do.

No, because the professor told you to look something up on the Internet, so he or she already
knows you got the ideas from someone else.

No, because online discussions are not formal communications and you don’t have to cite your
sources in informal pieces of writing.

Both A and B

Question 8.8. (TCO 4) It is an hour before a lab assignment is due, and one of the members of
your lab group asks you to send him a copy of your lab so he can check his answers against

,yours. He casually mentions that he has actually been too busy at work to finish his own write-up
himself.Should you send him a copy of your lab assignment? (Points : 6)

Yes, because you did the lab together so the teacher expects everyone in your group to have the
same data and the same lab write-up.

Yes, because you want to help out a friend who is stressed out.

No, because even though you share the same data, the teacher expects you to interpret the
results yourself and write up the lab on your own.

No, because your classmate may be tempted to just copy your write-up and get the both of you
in trouble.

Both C and D

Question 9.9. (TCO 4) You are taking a class that includes a quiz every week. The following week,
the professor hands back the quiz so you can look at which questions you got right and which you
got wrong. He then collects the quiz to keep it secure. You secretly take out your cell phone, even
though the professor has said there is a “no cell phones in class” policy in class. You want to take
pictures of the quiz. Are you violating academic integrity? (Points : 6)

Yes, because you are using the test in an unauthorized way.

Yes, because the professor has specifically said no cell phones.

No, because you want to be able to use the quiz questions to study for the Final Exam.

Both A and B

Question 10.10. (TCO 4) All of the following are part of DeVry’s Academic Integrity process
EXCEPT which one? (Points : 6)

The professor talks to the student if she suspects the student has violated the academic integrity
policy. The student then has an opportunity to explain.

The professor writes up an academic integrity incident report and sends it to the chair of the
college and the Dean of Student Services.

The Dean of Student Services notifies the student of the consequences of violating the academic
integrity policy. The student has an opportunity to appeal.

The first offense is a 0 on the assignment, the second offence is an F in the course, and the 3rd
offense is permanent expulsion from the DeVry system.

Violators of the academic integrity policy must announce their violation in all future classes
taken.




Devry ACCT 504 Final Exam December 2016

, Question

Question 1.1.(TCO D) Please describe the purpose of the Income Statement and the
interrelationship between the income statement and the other major financial statements that we
covered in this class. In your answer, please also address which financial statements should be
created before the Income Statement, if any, and which financial statements need to be
completed after the Income Statement, if any. (Points : 25)

Question 2.2.(TCO E) Your friend, Lisa, plans to open a nail salon. Lisa states that she does not
have time to develop and implement a system of internal controls.

(a) Explain to Lisa the components of internal control. (10 points)

(b) Explain to Lisa at least 5 internal control procedures she must establish to protect herself
against fraud. You should state specific internal control procedures from the textbook, and relate
your answer to her nail salon business. (15 points) (Points : 25)

Question 3.3.(TCO H) Simpson Inc. purchased 5, $4,000, 11% bonds of Hillsdale Corporation
when the market rate of interest was 10%. Interest is paid semiannually on the bonds, and the
bonds mature in 4 years.

Instructions:

Compute the total price paid by Simpson Inc. for the bonds showing your calculation for the
present value of the principal and the present value of the interest payments.

Present value tables (Exhibit 8-14 and Exhibit 8-15) are available on pages 452 and 453 of your
Harrison, Horngren, and Thomas textbook. NOTE: Be sure you review the PV Tables completely to
ensure you find the correct period and interest rate for the calculation. (Points : 20)

Question 4.4.(TCO A) The following items are taken from the financial statements of BCT
Company for 2013:

Cash

$138,800

Accounts Payable

75,000

Supplies

15,000

Accounts Receivable

35,000

Inventory

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