Test Statistics 2022 Accounting CFAB

11/14/22, 8:05 PM Test Statistics: ME_INTAKE 202208_14 NOVEMBER 2022 (**Webcam**...
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220816-AG ACCOUNTING
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The statistics are calculated based only on the attempts being used in the grading option (Last attempt, First
attempt, Lowest Score, Highest Score, or Average of Scores). If Average of Scores is the grading option, then all
attempts are included in the statistics.
Name ME_INTAKE 202208_14 NOVEMBER 2022 (**Webcam**) - Requires

Respondus LockDown Browser
Attempt Score 59.94444
Attempts 18 (Total of 18 attempts for this assessment)
Graded Attempts 18
Attempts that Need 0
Grading
Instructions ANSWER ALL QUESTIONS
Alignments
Question 1: Multiple Answer Average Score 0.55555 points
The following statements have been made by a colleague about accounting for
partnerships:
Statement 1: Partners salaries affect neither the amount of profit for the year available for
appropriation, nor the partnerships cash position

Statement 2: Interest on partners drawings affects the amount of profit for the year available
for appropriation but
not the cash position
Identify whether these statements are true
Correct Answers Percent Correct Percent Incorrect

Statement 1 is true but Statement 2 is false 22.222% 77.777%
Statement 1 is false but Statement 2 is true
38.888% 61.111%
Both statement 1 and 2 are true 100.00% 0.00%
Neither Statement 1 not Statement 2 are

true
83.333% 16.666%
Question 2: Multiple Answer Average Score 1.80555 points
https://elearn.sunway.edu.my/webapps/assessment/stats/stats.jsp?outcome_definition_id=402360&course_id=_21651_1 1/21
Millwood purchased goods goods on credit from Horwich. At the point of recording the
invoice from Horwich, Millwood did not intend to take the early settlement discount offered.
However, Millwood later decided that it would take the discount and so paid within the
required timeframe.
What double entry should Millwood make to record the payment to Horwich?
Correct Answers Percent Correct Percent Incorrect

Dr Cash at bank, Cr Purchases, Cr Trade
100.00% 0.00%
payables
Dr Purchases, Dr Trade payables, Cr Cash
88.888% 11.111%
at bank
Dr Trade payables, Cr Purchases, Cr Cash
72.222% 27.777%
at bank
Dr Cash at bank, Dr Purchases, Cr Trade
83.333% 16.666%
payables
Question 3: Multiple Choice Average Score 2.22222 points
A business paid out £12,450 in net wages to its employees. In respect of these wages,
the following amounts were shown in the statement of financial position.
£
PAYE payable 2,480
National Insurance payable - employees 1,350
National insurance payable - employer's 1,500
No other deductions were made.
Employee's gross wages, before deductions, were
Correct Percent Answered

£12,450
5.555%
£27,450
0.00%
£16,280
88.888%
£17,780
5.555%
Unanswered 0.00%
The following three matters were discovered by Daisy when she prepared her month end
bank reconciliation.
(1) The electronic banking transaction report includes a receipt of £560 in respect of a

payment from a credit customer. This was not automatically matched to a transaction by
the accounting system. On investigation, it was discovered that there was a bank error
and the correct amount was £650.
(2) Bank charges debited by the bank have not yet been entered in the cash at bank
account
(3) The value of unpresented cheques exceeded the value of uncleared lodgements.

Which of these matters will require adjustments to the cash at bank account?

(1) and (2) only
33.333%
(2) and (3) only

5.555%
(2) only
61.111%
(1) and (3) only

0.00%
Unanswered 0.00%
As at 31 December 2021 a company's bank statement shows a balance in hand of

£2,000. The statement includes bank charges of £50 which have not yet been recorded in
the company's cash at bank account. On 30 December 2021 the company had paid a
cheque of £1,000 to a supplier and banked £600 received from a credit customer, neither
of these items appear in the bank statement.
The cash at bank balance on the company's statement of financial position at 31

December 2021 should be:

£1,600
77.777%
£3,600
16.666%
£2,400
0.00%
£400
0.00%
Unanswered 5.555%
Nazrim, a sole trader preparing his financial statements, has the following
information at the start and end of his second year of trading.
at 31 March 2022
at 1 April 2021
£
£
Non Current Assets (at carrying amount) 35,200
21,000
Inventory 10,400
7,200
Receivables 11,980
8,450
Payables 8,210
5,640
Cash in hand 1,100

300
During the reporting period Nazrim introduced £1,000 capital. He took
inventory for his own use that cost £200, and paid himself £800 per month.
What is Nazrim's profit or loss for the reporting period ended 31 March
2022?

£10,360 loss
16.666%
£27,960 profit
77.777%
£33,100 profit
5.555%
£36,760 profit
0.00%
Unanswered 0.00%
Brassie plc has an allowance for receivables of £1,200 on 1 October 2020. During the
reporting period ending 30 September 2021, the following events took place:
(1) A cheque for £106 previously received and included in the cash at bank account was
returned unpaid on 29 September 2021. The amount was correctly credited to the cash at
bank account but the other side of the transaction was debited to the suspense account.
The directors now wish to write the debt off as irrecoverable.
(2) An allowance of £1,500 is required at the year end.
(3) A cheque received for £36 in respect of an amount written off in August 2020 was
debited to the cash at bank account and credited to the suspense account.
What journal entries are required as at 30 September 2021?
Dr Trade Receivables £106, Dr Irrecoverable debts

expense £264, Cr Suspense £70, Cr Receivable 27.777%
Allowance £300
Dr Irrecoverable debts expense £370, Cr Receivables

allowance £300 Cr Suspense £70 33.333%
Dr Suspense £70, Dr Irrecoverable debts

expense £200, Cr Receivable Allowance £300 11.111%
Dr Irrecoverable debt expense £406, Cr Receivable 27.777%

allowance £300, Cr Suspense £70, Cr Trade
Receivable £36
Unanswered 0.00%
The closing inventory at cost of a company at 31 January 2022 amounted to £284,700.
The following items were included at cost in the total:
1 400 coats, which had cost £80 each and normally sold for £150 each. Owing to a
defect in manufacture, they were all sold after 31 January 2022 at 50% of their normal
price. Selling expenses amounted to 5% of the proceeds.
2 800 skirts, which had cost £20 each.These too were found to be defective. Remedial
work in February 2022 cost £5 per skirt, and selling expenses were £1 per skirt. They
were sold for £28 each.
What should the inventory value be after considering the above items?

£281,200
55.555%
£282,800
11.111%
£329,200
22.222%
£284,700
5.555%
Unanswered 5.555%
Rose plc has prepared draft financial statements for the year ended 30 June 2022,
following a physical inventory count. On further investigation it was discovered that
inventory costing £18,000 had been stolen in May 2022.Rose plc has insurance which
covers 40% of the cost of inventory stolen.The insurance company has agreed to pay in
this instance but no money has yet been received. No accounting entries have been
made in respect of the stolen inventory.
Correcting this matter will

Increase net profit by £7,200
61.111%
Decrease net profit by £7,200

11.111%
Increase net profit by £10,800

0.00%
Decrease net profit by £10,800

27.777%
Unanswered 0.00%
Zylon Ltd has prepared a draft statement of profit or loss at 31 January 2022 which shows
a gross profit of £54,200. Zylon Ltd has now discovered that at both the beginning and the
end of the accounting period one line of inventories, the Merit, has been included at a
selling price of £800 at 31 January 2022 and £1,200 at 1 February 2021. The Merit is sold
at a mark-up of 20% by Zylon Ltd.
After correcting this error, Zylon Ltd's gross profit for the year to 31 January 2022
is:

£54,120
22.222%
£54,133
22.222%
£54,267
38.888%
£54,280
16.666%
Unanswered 0.00%
Gold Ltd issues 250,000 equity shares with a par value of £2 each at an issue price of
£3.55 each for cash.
Which of the following sets of entries would be made to record this transaction?

credit bank £887,500, debit share capital £500,000, debit
share premium £387,500 5.555%
debit bank £887,500, credit share capital £250,000, credit

debit bank £887,500, credit share capital £500,000, credit

credit bank £887,500, debit share capital £250,000, debit

Unanswered 0.00%
Which of the following are necessary characteristics of "faithful

representation" of information?
(1) Information is free from bias.
(2) information is complete.
(3) Information is free from material error.

1 and 2 only 5.555%
1 and 3 only
11.111%
2 and 3 only
16.666%
1,2 and 3
66.666%
Unanswered 0.00%
Waterloo Company acquired a building for cash, financed in full by issuing for cash 166,000
£1 ordinary shares at a premium of £2 per share. In its statement of cash flows prepared in
accordance with IAS 7 Statement of Cash Flows this transaction should be stated as:

Inflow $498,000, outflow nil
27.777%
Inflow nil, outflow nil

5.555%
Inflow $498,000, outflow $498,000

50.00%
Inflow nil, outflow $498,000

16.666%
Unanswered 0.00%
A business has a profit before tax of £50,000 after charging depreciation of £5,000. A
fixed asset had been sold for £20,000. Its net book value was £17,000 and the profit or
loss on disposal is included in operating profit.
Inventory increased by £8,000, trade receivables increased by £3,000 and trade payables
decreased by £4,000. What was the cash flow from operating activities?

£37,000
50.00%
£63,000
22.222%
£33,000
5.555%
£45,000
22.222%
Unanswered 0.00%
Information from the statement of cash flows and related notes of Gresham Company for
the year ended 31 December 2022 can be found in the table below.
£
Depreciation 30,000
Profit on sale of property, plant and equipment 5,000
Proceeds from sale of property, plant and equipment 20,000
Purchase of property, plant and equipment 25,000
If the carrying amount of property, plant and equipment was £110,000 on 31

December 2021, what was it on 31 December 2022?

£85000
11.111%
£90000
50.00%
£70000
11.111%
£80000
27.777%
Unanswered 0.00%
Smith and Jones commenced in partnership on 1 December 2021 sharing profits equally.
Smith paid cash of £40,000 into the partnership. Jones paid in cash of £25,000 and
brought in a motor vehicle, computer and furniture worth £15,000. The partners maintain
both capital and current accounts.
The partnership pays interest on capital at 4% per annum.
What should the balance be on the capital accounts of Smith and Jones at 30
November 2022?

Smith Jones
£41,600 £41,600
38.888%
Smith Jones
£40,000 £40,000
33.333%
Smith Jones
£40,000 £25,000
5.555%
Smith Jones 22.222%
£41,600 £26,000
Unanswered 0.00%
The bookkeeper of Rico plc has prepared the supplier statement reconciliation for the
year ended 30 April 2022. She discovered the following differences which have not yet
been corrected:
Supplier Balance per Balance per
payables ledger supplier statement
Turks 2,880 3,140 A cheque was posted to the

supplier on 30 April which was not recorded by
the supplier until 3 May
Caicos 1,200 1,100 The supplier agreed a contra

with the receivables ledger which has not been
recorded by Rico
Before these discoveries, the balance on trade payables was £12,450. In its statement of
financial position as at 30 April 2022, Rico plc will have a figure for trade payables of

£12,350
27.777%
£12,550
16.666%
£12,190
11.111%
£12,090
33.333%
Unanswered 11.111%
A company receives rent from a large number of properties. The total received in the year
ended 31 October 2022 was £325,600.
The following are the amounts of rent in advance and in arrears at 31 October 2021 and
2022.
31 OCTOBER 2021 31
OCTOBER 2022
Rent received in advance. 18,300

19,200
Rent in arrears (all subsequently received) 28,700

23,400
What amount of rental income should appear in the company's statement of profit
or loss for the year ended 31 October 2022?

£340,200
11.111%
£331,800
16.666%
£325,600
11.111%
£319,400
61.111%
Unanswered 0.00%
Bob used the following balances to prepare the final accounts as at 30 April
2022.
£ £

Receivables 6,000
Bank Loan 3000
Bank Overdraft 2500
Drawings 4,100
Capital 12,500
Sales 22,000
Purchases 19,200
Rent 5,400
Bank interest 825
Heat and Light 4,475
40,000 40,000

The business does not hold inventory. No further adjustments were required.
What is Bob’s opening capital figure as at 1 May 2022?

£12,500 33.333%
£8,400
11.111%
£16,300
16.666%
£500
33.333%
Unanswered 5.555%
Talors plc is a retailer that rents its premises: its only non current assets are fixtures and
fittings. The company has been experiencing trading problems due to Covid 19. The
directors have concluded that the company is no longer a going concern and have
changed the basis of preparing the financial statements to the break-up basis.
Which of the following will be the immediate effect of changing to the break-up
basis?

All fixtures and fittings are transferred from non-current to
current assets
44.444%
Fixtures and fittings are valued at their purchase cost

16.666%
The company ceases to trade

33.333%
A liquidator is appointed
5.555%
Unanswered 0.00%
David, Paul and Daniel are in partnership sharing profits 4:3:1. Each partner has a
combined Capital and Current account, which at 1 September 2021 were as follows:
David £9,870
Paul £8,140
Daniel £15,580
During the year to 31 August 2022 the partnership made profits of £120,000 and each
partner took drawings of £10,000. On 31 August 2022. Paul retires. The partners value
goodwill at £96,000 at that date but do not wish this valuation to remain in the accounts.
David and Daniel will continue in partnership, sharing profits 3:1.
What is the balance on Daniel's capital and current account on 1 September 2022?

£8,580
50.00%
£18,580 22.222%
£35,870
22.222%
£79,140
0.00%
Unanswered 5.555%
Which of the following statements is correct?

The ICAEW Code of Ethics applies to its members

only 0.00%
The ICAEW Code of Ethics applies to its members

and employees of member firms only 0.00%
The ICAEW Code of Ethics applies to its members,

employees of member firms and ICAEW students 94.444%
The ICAEW Code of Ethics applies to its members,

employees of member firms, ICAEW students and all 5.555%
other members of UK accountancy bodies
Unanswered 0.00%
Vargo plc is finalising its financial statements as at 30 June 2022. In its initial trial balance
at that date Vargo plc has a figure for tax payable as at 1 July 2021 of £32,810. The total
tax charge in the income statement for the year to 30 June 2022 is £35,450, and tax paid
in the year was £31,960.
The tax payable balance that will appear in Vargo plc’s statement of financial position as
at 30 June 2022 is:

£29,320
11.111%
£34,600
22.222%
£35,450
5.555%
£36,300 55.555%
Unanswered 5.555%
During the year ended 31 July 2020, Fella Co sold equipment which cost £70,000 for
£25,000 on which it made a loss of £5,000. The proceeds on sale have been correctly
recorded in cash at bank but the other side of the transaction has been recorded in the
suspense account.
What is the correct journal entry to record the disposal of the equipment in the year
ended 31 July 2020?

Dr Suspense account £25,000, Dr loss on disposal
£5,000, Cr Equipment cost £30,000
5.555%
Dr Suspense account £25,000, Dr loss on disposal

£5,000, Dr Accumulated depreciation £40,000, Cr
Equipment cost £70,000
66.666%
Dr Equipment £30,000, Cr Suspense £25,000, Cr Loss

on disposal £5,000
5.555%
Dr Equipment cost £70,000, Cr Suspense £25,000, Cr

Loss on disposal £5,000, Cr Accumulated depreciation
£40,000 22.222%
Unanswered 0.00%
Question 25: Fill in Multiple Blanks Average Score 25.77777 points
Thefollowing trial balance was extracted from the nominal ledger of Gamuda Ltd on
30 June 2022:
£ £
Sales 5,190,000
Inventories at 1 July 2021 418,000
Purchases 2,854,500
Administrative expenses 1,082,000
Irrecoverable debts expense 123,500
Land and buildings cost 2,540,000
Plant and machinery cost 1,000,000
Office equipment cost 214,000

Goodwill 120,000
Land and buildings accumulated depreciation at 1 635,000
July 2021
Plant and machinery accumulated depreciation at 1 360,000
July 2021
Office equipment accumulated depreciation at 1 July 80,250

2021
Trade receivables 487,000

Bank 53,400
Ordinary share capital (£1 shares) 1,000,000
6% irredeemable preference shares (£1 shares) 500,000
Share premium account 100,000
Retained earnings 825,550
Ordinary dividends 50,000
Preference dividends 30,000
Accounts payable 281,600
8,972,400 8,972,400
The following adjustments have yet to be accounted for:

1 There were no additions to or disposals of non-current assets during the
financial year.
The company depreciates its non-current assets as follows:
Buildings Over 40 years on a straight line basis
Plant and
Machinery 20% reducing balance
Office equipment 25% straight line
Land and buildings includes land that cost £500,000. Half of the depreciation on
buildings is charged to cost of sales with the remainder charged to administrative
expenses. Plant and machinery depreciation is charged to cost of sales. Office
equipment depreciation is charged to administrative expenses.
2 An impairment review revealed that goodwill should be written down to 80% of
the value shown in the draft trial balance at 30 June 2022. Any amount written off
goodwill should be charged as an administrative expense.
3 An inventory count and subsequent inventory calculations has shown closing
inventory to be £427,000.
4 Gamuda Ltd hired some machinery to help manufacture additional products to
cope with increased demand. The cost to hire the machinery for the period from 1
December 2021 to 30 November 2022 (inclusive) is £90,000.
The rental payments are six monthly. £45,000 was paid on 1 December 2021 the
remaining £45,000 was paid on 1 June 2022. Machinery hire costs are charged to
cost of sales.
5 Shortly after the year end an electricity bill for the company factory for £18,600
was received. This invoice covered the quarter from 1 June 2022 to 31 August
2022 and was charged to cost of sales in July 2022.
6 The company made a 1 for 5 bonus issue of ordinary shares on 30 June 2022,
utilising the share premium. No accounting entries have been made in respect of this
issue.
7 A customer owing £14,600 at 30 June 2022 has since gone into bankruptcy and
the full amount is considered irrecoverable. The company presents irrecoverable
debts as other operating expenses on the face of the statement of profit or loss.
8 It has been discovered that a purchase invoice received on 25 June 2022 for
£19,800 was incorrectly accounted for. The invoice was entered into the accounting
system as £18,900 and is included within cost of sales and trade payables.
9 Income tax for the year ended 30 June 2022 is yet to be provided for. It is
estimated that £260,500 of tax will be payable.
Requirement
Prepare the statement of profit or loss for Gamuda Ltd for the year ended 30 June
2022 and the statement of financial position at that date.

Statement of profit or loss for the year ended 30 June 2022
£
Revenue [1]
Cost of sales [2]

Gross profit
Administrative expenses [3]
Other operating expenses [4]

Profit / (loss) from operations
Finance costs

Profit / (loss) before tax
Income tax [5]
Profit / (loss) for year [6]


Statement of financial position at 30 June 2022
£
Non-current assets
Land and buildings [7]
Plant and machinery [8]
Office equipment [9]

Goodwill [10]

Current assets
Inventories [11]
Trade receivables [12]

Prepayments [13]
Cash and cash equivalents
Total assets

Equity
Equity share capital [14]
Preference share capital [15]
Share premium [16]

Retained earnings [17]

Non-current liabilities
Borrowings

Current liabilities
Borrowings
Trade payables [18]
Accruals [19]
Provisions
Tax payable [20]
Total equity and liabilities

Attempt Count as
Category Attempt Count

Percentage of Total
Total Attempts 18 100.00%
Unanswered Attempts 0 0.00%
Correct Answer 4 22.22222%
Partially Correct Answer 14 77.77777%
Attempt Count as
Variable Identifier/Correct Answers Attempt Count

Percentage of Total
1 18 100.00%
Evaluation Method Correct Answer Case Sensitivity
Exact Match 5190000
Exact Match 5190,000
Exact Match 5190 000
Exact Match 5,190,000
Attempt Count as

Percentage of Total
2 5 27.77777%
Exact Match 2968600

Exact Match -2968600
Exact Match (2968600)
Exact Match (2,968,600)
Exact Match (2968,600)
Attempt Count as

Percentage of Total
3 10 55.55555%
Exact Match 1185000
Exact Match -1185000
Exact Match (1,185,000)
Attempt Count as

Percentage of Total
4 13 72.22222%
Exact Match 138100
Exact Match -138100
Exact Match 138 100
Exact Match 138,100
Attempt Count as

Percentage of Total
5 14 77.77777%
Exact Match 260500
Exact Match -260500
Exact Match 260 500
Exact Match 260,500
Attempt Count as

Percentage of Total
6 5 27.77777%
Exact Match 637800
Exact Match 637,800
Exact Match 637 800
Attempt Count as

Percentage of Total
7 13 72.22222%
Exact Match 1854000
Attempt Count as

Percentage of Total
8 11 61.11111%
Exact Match 512000
Exact Match 512,000
Exact Match 512 000
Attempt Count as

Percentage of Total
9 14 77.77777%
Exact Match 80250
Exact Match 80,250
Exact Match 80 250
Attempt Count as

Percentage of Total
10 12 66.66666%
Exact Match 96000
Exact Match 96,000
Exact Match 96 000
Attempt Count as

Percentage of Total
11 18 100.00%
Exact Match 427000
Exact Match 427,000
Exact Match 427 000
Variable Identifier/Correct Answers Attempt Count Attempt Count as
Percentage of Total
12 11 61.11111%
Exact Match 472400
Exact Match 472,400
Exact Match 472 400
Attempt Count as

Percentage of Total
13 12 66.66666%
Exact Match 37500
Exact Match 37,500
Exact Match 37 500
Attempt Count as

Percentage of Total
14 12 66.66666%
Exact Match 1200000
Attempt Count as

Percentage of Total
15 14 77.77777%
Exact Match 500000
Exact Match 500,000
Exact Match 500 000
Attempt Count as

Percentage of Total
16 6 33.33333%
Exact Match 0
Exact Match nil
Exact Match -
Attempt Count as

Percentage of Total
17 5 27.77777%
Exact Match 1283350
Attempt Count as

Percentage of Total
18 13 72.22222%
Exact Match 282500
Exact Match 282,500
Exact Match 282 500
Attempt Count as

Percentage of Total
19 10 55.55555%
Exact Match 6200
Exact Match 6,200
Exact Match 6 200
Attempt Count as

Percentage of Total
20 16 88.88888%
Exact Match 260500
Exact Match 260,500
Exact Match 260 500
←
OK

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11/14/22, 8:05 PM Test Statistics: ME_INTAKE 202208_14 NOVEMBER 2022 (**Webcam**...

Edit Mode is:

Test Statistics: ME_INTAKE 202208_14 NOVEMBER 2022 (**Webcam**)

Name ME_INTAKE 202208_14 NOVEMBER 2022 (**Webcam**) - Requires

Question 1: Multiple Answer Average Score 0.55555 points

Correct Answers Percent Correct Percent Incorrect

Both statement 1 and 2 are true 100.00% 0.00%

Neither Statement 1 not Statement 2 are

Question 2: Multiple Answer Average Score 1.80555 points

What double entry should Millwood make to record the payment to Horwich?

Correct Answers Percent Correct Percent Incorrect

Question 3: Multiple Choice Average Score 2.22222 points

PAYE payable 2,480

National Insurance payable - employees 1,350

National insurance payable - employer's 1,500

No other deductions were made.

Employee's gross wages, before deductions, were

Correct Percent Answered

Question 4: Multiple Choice Average Score 1.52777 points

(1) The electronic banking transaction report includes a receipt of £560 in respect of a

(3) The value of unpresented cheques exceeded the value of uncleared lodgements.

Correct Percent Answered

(2) and (3) only

(1) and (3) only

Question 5: Multiple Choice Average Score 1.94444 points

As at 31 December 2021 a company's bank statement shows a balance in hand of

The cash at bank balance on the company's statement of financial position at 31

Correct Percent Answered

Question 6: Multiple Choice Average Score 1.94444 points

Cash in hand 1,100

Correct Percent Answered

Question 7: Multiple Choice Average Score 0.83333 points

(2) An allowance of £1,500 is required at the year end.

What journal entries are required as at 30 September 2021?

Correct Percent Answered

Dr Trade Receivables £106, Dr Irrecoverable debts

Dr Irrecoverable debts expense £370, Cr Receivables

Dr Suspense £70, Dr Irrecoverable debts

Dr Irrecoverable debt expense £406, Cr Receivable 27.777%

Question 8: Multiple Choice Average Score 1.38888 points

The closing inventory at cost of a company at 31 January 2022 amounted to £284,700.

The following items were included at cost in the total:

Correct Percent Answered

Question 9: Multiple Choice Average Score 1.52777 points

Correcting this matter will

Correct Percent Answered

Decrease net profit by £7,200

Increase net profit by £10,800

Decrease net profit by £10,800

Question 10: Multiple Choice Average Score 0.97222 points

Correct Percent Answered

Question 11: Multiple Choice Average Score 2.36111 points

Correct Percent Answered

debit bank £887,500, credit share capital £250,000, credit

debit bank £887,500, credit share capital £500,000, credit

credit bank £887,500, debit share capital £250,000, debit

Question 12: Multiple Choice Average Score 1.66666 points

Which of the following are necessary characteristics of "faithful

(3) Information is free from material error.

Correct Percent Answered

Question 13: Multiple Choice Average Score 1.25 points

Correct Percent Answered

Inflow nil, outflow nil

Inflow $498,000, outflow $498,000

11/14/22, 8:05 PM Test Statistics: ME_INTAKE 202208_14 NOVEMBER 2022 (Webcam...

Test Statistics: ME_INTAKE 202208_14 NOVEMBER 2022 (Webcam)

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