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FIN621 VU Midterm Papers Spring May 2012

Total MCQs was 22 that was from past papers, just 3 to 4 was new

And Subjective was These. . .

1) Difference between Cost and Expense

2) If the company issues stocks or bonds to pay debts, would you include it in the cash flow statement?

3) Explain how the adoptions of FIFO method rather than LIFO will tend to raise or lower the quality of a company’s earnings?

Assume the continuance of the inflation

4) Aik Numerical tha Cash flow statement ka….

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