Key to Test 2 Study Problems

Here is the key to the mulitple choice study problems. (See I-drive for a copy.) Let me know if you think there are any errors. (There usually are.)

1-C, 2-D, 3-C, 4-B, 5-A, 6-A, 7-C,
8-C, 9-C, 10-A, 11-D, 12-B, 13-B,
14-A, 15-B, 16-B, 17-D, 18-D, 19-B,
20-B, 21-D, 22-C, 23-C, 24-A,
25-A, 26-C, 27-C, 28-A, 29-A,
30-A, 31-B, 32-B, 33-B, 34-D, 35-D,
36-C, 37-B, 38-B, 39-C.

Notes: 18: D is the answer if it reads "Both B and C are correct."

8 is awkwardly worded. To clarify, of the 500,000 DVDs produced that quarter, 300,000 of them will be counted as consumption (C) and 200,000 will be counted positively in "change in inventory" in Investment (I). If/when they are sold later, there will be a debit in "change in inventory" and a credit in consumption.