Archives: Quiz

Use the following data to determine the total dollar amount of assets to be classified as investments. a.$0 b.$310,000 c.$170,000 d.$390,000 Davies Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is […]

The following is selected information from L Corporation for the fiscal year ending October 31, 2014 Based on the accrual basis of accounting, what is L Corporation’s net income for the year ending October 31, 2014? a.$204,000 b.$174,000 c.$158,000 d.$220,000 […]

The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the return on common stockholders’ equity for this company? a.33.3% […]

Based on the following data, what is the amount of current assets? a.$212,000 b.$370,000 c.$232,000 d.$230,000 Stetson Company’s financial information is presented below. How much is gross profit? a.$190,000 b.$147,000 c.$195,000 d.$179,000 Answer: a Ferguson Company is preparing a cash […]

K2 Corporation has assets of $2,400,000, common stock of $624,000, and retained earnings of $380,000. What are the creditors’ claims on their assets? a.$2,156,000 b.$1,004,000 c.$1,396,000 d.$2,644,000 Equipment costing $210,000 was destroyed when it caught on fire. At the date […]

Expected direct materials purchases in Wade Company are $525,000 in the first quarter and $675,000 in the second quarter. Forty percent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The […]

What does the balance in the Discount on Bonds Payable account represent? a.Additional interest cost associated with the issuance of debt b.A reduction of interest cost associated with the issuance of debt c.A reduction of the maturity value of the […]

International standards are developed by the a.IFRS. b.GAAP. c.IASB. d.FASB. Wilton sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Paola Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas […]

At the beginning of January, 2014, Wise Company had a balance in its Retained Earnings account totaling $42,000. At the end of the year, the balance totaled $47,000. If $11,000 of dividends were declared and paid during the year, how […]

Using the following balance sheet and income statement data, what is the current ratio? Average common shares outstanding was 10,000. a.2.0 : 1 b.2.6 : 1 c.0.5 : 1 d.2.9 : 1 Which of the following is considered to be […]

Given the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting. a.$8,750 b.$11,000 c.$6,500 d.$9,200 Use the following information regarding Black Company and Red Company to answer the question […]

In a recent year Garvey Corporation had net income of $100,000, interest expense of $20,000, and tax expense of $30,000. What was Garvey Corporation’s times interest earned for the year? a.5.00 b.6.00 c.6.50 d.7.50 The gross profit rate is computed […]

A credit will increase ________, but decrease ________. a.accounts receivable; accounts payable b.accounts receivable; expenses c.accounts payable; common stock d.common stock; prepaid insurance Bonds with a face value of $400,000 and a quoted price of 98½ have a selling price […]

Compton Inc. made a $500 ordinary repair to a piece of equipment. Compton’s accountant debited this amount to the asset account, Equipment and credited Cash. Was this the correct entry and if not, why not? a.Yes, this was the correct […]

The following amounts were taken from the financial statements of Ando Company: The price-earnings ratio for 2014 is a.30 times. b.25 times. c.48 times. d.3 times. Dorman Company had the following items to report on its balance sheet: Based on […]

The debt to assets ratio measures the percentage of assets financed by creditors. If a company has significant concentrations of credit risk, it must discuss this risk in the notes to its financial statements. Answer: T At December 31, 2014 […]

The formula for the future value of a single amount is p x (1 + i)/n. Revenue received before it is recognized and expenses used or consumed before being paid are both initially recorded as liabilities. Answer: T The revenue […]

From a creditor’s point of view, the higher the debt to assets ratio, the lower the risk that the company may be unable to pay its obligations. Freight-out appears as an operating expense in the income statement. Answer: T The […]

An inventory turnover that is too high may indicate that the company is losing sales opportunities because of inventory shortages. The present value is based on two variables€the dollar amount to be received and the length of time until the […]

The quality of earnings ratio is calculated as net income divided by net cash provided by operating activities. Analysis of the changes in all of the noncash balance sheet accounts will explain the change in the Cash account. Answer: T […]

Relevance and cost are two constraints in accounting. A material item is one that is likely to influence an investor’s decision. Answer: T The purchase of inventory and its eventual sale lengthen the operating cycle of a merchandising company. Answer: […]

Which of the following directly inhibits the cyclooxygenase pathway by inhibiting the activity of prostaglandin synthase? a.ADAM10 b.experimental anti-IgE c.aspirin (acetyl salicylate) d.chymotryptase e.ADAM33. All of the following are associated with superantigens except _____. a.effective at minuscule concentrations b.nonspecific activation […]

A.Describe two ways in which the immunoglobulins acting as antigen receptors on the surface of a mast cell differ from the immunoglobulins acting as the antigen receptors on the surface of a B cell. B.What is the essential difference in […]

Spherical regions in lymph nodes containing areas that are packed densely with proliferating B cells are called _____. a.efferent vessels b.germinal centers c.red pulp zones d.periarterial lymphoid sheaths e.medullary sinuses. IgM is particularly efficient at fixing complement because it _____. […]

All of the following statements refer to regulatory T cells except ____. a.they produce anti-inflammatory cytokines b.they express elevated levels of CD25 c.they express FoxP3 d.they enhance the production of new effector T cells e.they suppress the function of existing […]

C-reactive protein binds to _____. a.phosphorylcholine b.mannose-containing carbohydrates c.lipoteichoic acid d.flagellin e.MASP-1/MASP-2. All of the following processes occur in mature B cells after antigen encounter except a.alternative splicing b.affinity maturation c.proliferation d.somatic recombination e.isotype switching. Answer: d Answer: a Plasma […]

Celiac disease exhibits all of the following symptoms except _____. a.villous atrophy b.anemia c.diarrhea d.tissue ulceration e.malabsorption f.increased susceptibility to intestinal cancer. All of the following are examples of chemical barriers of innate immunity except _____. a.lactic acid b.normal microbiota […]

Which of the following Toll-like receptors are expressed exclusively in NK cells? (Select all that apply.) a.TLR3 b.TLR4 c.TLR7 d.TLR8 e.TLR9. Individuals who fail to express functional Bruton’s tyrosine kinase exhibit all of the following characteristics except a.B-cell development is […]

Which of the following pairs is mismatched? a.primary granules: azurophilic granules b.secondary granules: unsaturated lactoferrin c.azurophilic granules: myeloperoxidase d.gelatinase: iron sequestration e.tertiary granules: natural killer cells. A.Explain the mechanism by which human immunodeficiency virus (HIV) enters a host cell. B.Explain […]

The haplotype A1-B8-DR3-DQ2 is associated with several common autoimmune diseases including all of the following except _____. a.ankylosing spondylitis b.systemic lupus erythematosus c.autoimmune hepatitis d.myasthenia gravis e.type 1 diabetes f.primary biliary cirrhosis. _____ describes the process by which transplanted pluripotent […]

A.Explain the difference between the Rotarix and the RotaTeq vaccines used to protect against rotavirus infections. B.Which vaccine provides broader protection? C.Why is this important? Forty-four-year old Danielle Bouvier is on the waiting list for a kidney transplant and is […]

All of the following are correctly matched except _____. a.TH1: T-bet b.Treg: FoxP3 c.IL-12: dendritic cells d.TH17: ROR T e.TH2: Bcl6. Which of the following statements regarding positive selection is correct? a.All subsets of developing T cells undergo positive selection […]

Which of the following are not a component of immunological memory? a.effector B cells b.memory T cells c.memory B cells d.long-lived plasma cells. Which of the following is an effect of both tacrolimus and corticosteroids? a. reduced T-cell proliferation b. […]

The circulatory route through a lymphoid tissue for both immature B cells and mature B cells that do not encounter specific antigen is: a.bloodstream HEV of lymphoid cortex primary lymphoid follicle efferent lymphatic vessel b.afferent lymphatic vessel primary lymphoid follicle […]

All of the following are oligomorphic except a.HLA-G chain b.HLA-DO chain c.HLA-DQ chain d.HLA-A chain e.HLA-DR chain. Immunological tolerance in the B-cell repertoire is called _______ tolerance when it develops in primary lymphoid organs, and _______ tolerance when it is […]

Tim Smith, aged 16years, was hit by a car while riding his motorcycle. At the hospital he showed only minor abrasions and no bone fractures. He was discharged later that day. In the morning he experienced severe abdominal pain and […]

When deficient, which of the following proteins does not render the individual more susceptible to encapsulated bacteria? a.C1INH b.C3 c.Bruton’s tyrosine kinase d.factor D e.factor I f.CD40 ligand. With the exception of B cells, all other cells of the body […]

Another name for a large granular lymphocyte is a _____. a.plasma cell b.helper T cell c.monocyte d.natural killer cell e.eosinophil. In a person with lepromatous leprosy, the lesions would contain mRNA for _____. a.lymphotoxin (LT) b.IL-2 c.IL-5 d.IFN- e.granulysin. Answer: […]

_____ compensates for the absence of secretory IgA in selective IgA deficiency because it can be secreted by mucosal tissues using the same receptor needed for transcytosis. a.Monomeric IgA b.IgD c.IgE d.IgG e.IgM. Which of the following is mismatched? a.oncology: […]

The importance of CD59 (also known as protectin) is to _____. a.promote the speed of complement activation by protecting C3 convertase C3bBb from proteolytic degradation b.prevent the recruitment of C9 c.dissociate the components of the alternative C3 convertase d.prevent the […]

Which of the following are correctly matched? (Select all that apply.) a. prednisone: pro-drug b. rapamycin: calcineurin c. azathioprine: cytotoxicity d. methotrexate: NF B e. cyclophosphamide: microbial products. For IgG2 to be effective at stimulating uptake of IgG2-coated bacteria, _____. […]

Which of the following statements regarding neutrophils is false? a.Neutrophils are mobilized from the bone marrow to sites of infection when needed. b.Neutrophils are active only in aerobic conditions. c.Neutrophils are phagocytic. d.Neutrophils form pus, which comprises dead neutrophils. e.Dead […]

What is the function of the TNF-family cytokine APRIL made by epithelial cells of the colon? a.elevates rate of M-cell proliferation b.degrades IgA1 c.mediates isotype switching from IgM to IgA2 d.binds to J chain of dimeric IgA e.upregulates MAdCAM-1 production. […]

Which of the following statements is correct? a.The light-chain genes rearrange before the heavy-chain genes. b.The light-chain genes rearrange before the light-chain genes. c.The light-chain genes rearrange before the heavy-chain genes. d.The light-chain genes rearrange before the light-chain genes. e.The […]

The complementarity-determining region (CDR) 1 and CDR2 loops of the T-cell receptor contact the _______: a.side chains of amino acids in the middle of the peptide b.co-receptors CD4 or CD8 c.membrane-proximal domains of the MHC molecule d.constant regions of antibody […]

With which of the following complement proteins does C-reactive protein interact? a.factor D b.C1 c.factor P d.C4 e.C2. Macrophages exhibit all of the following characteristics except _____. a.they trap and degrade pathogens in secondary lymphoid organs b.they deliver co-stimulatory signals […]

Mutations affecting all of the following except _____ interfere directly with the rearrangement of immunoglobulin and T-cell receptor genes. a.Artemis b.purine nucleoside phosphorylase (PNP) c.DNA-dependent protein kinase (DNA-PK) d.RAG-1 e.RAG-2. Allelic exclusion occurs for all of the following except a.T-cell […]

All of the following soluble factors enhance isotype switching from IgM to IgA in B cells except _____. a.retinoic acid b.IL-9 c. d.IL-4 e.IL-10 f.B-cell activating factor (BAFF) g.APRIL. Which one of the following features renders all IgG antibodies less […]

Which of the following genetic polymorphisms is associated with a predisposition to asthma? (Select all that apply.) a.promoter variants of IL-5 b.structural variant of IgG receptor c.HLA class II allotypes d. adrenergic receptor variant e.ACOX5 (5-lipoxygenase). Which of the following […]

Human papillomaviruses express proteins that bind to _____ and block its function. (Select all that apply.) a.MIC glycoproteins b.p53 c.CT antigens d.TLR4 e.Rb. In addition to M cells, _____ can capture pathogens directly from the lumen of the gut. a.intraepithelial […]