Consider a discrete time LTI system for which the input and output are related by the difference equation y[n] + 2y[n-1] – 8y[n-2] = x[n] + 3x[n-1]. Suppose the discrete time Fourier transform exists for the impulse response h[n]. Is the impulse response h[n] right-sided, left-sided or two-sided? 

Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be: Par Value Number of Shares Market Value A. $ 6.00 16,000 $ 12.50 B. $ 6.00 8,000 $ 25.00 C. $ 3.00 16,000 $ 12.50 D. $ 3.00 16,000 $ 25.00

On January 1, Year 5, Raven Limo Service, Incorporated sold a used limo that had cost $80,000 and had accumulated depreciation of $44,000. The limo was sold for $32,400 cash. Which of the following shows how the sale of the limo would affect Raven’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Equity Cash + Book Value of Limo Gain − Loss = Net Income A. 32,400 + (36,000) = + (3,600) 3,600 − = (3,600) 32,400 IA B. 32,400 + (36,000) = + 3,600 3,600 − = 3,600 3,600 IA C. 32,400 + (36,000) = + (3,600) − 3,600 = (3,600) D. 32,400 + (36,000) = + (3,600) − 3,600 = (3,600) 32,400 IA

Glasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows: Purchase Number of Items Cost 1 400 $2.40 2 100 $2.50 3 60 $2.90 Glasgow sold 265 units after purchase 3 for $7.80 each. What is Glasgow’s cost of goods sold under FIFO?

Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.50 each. During the period, the company purchased inventory items as follows: Purchase Number of Items Cost 1 360 $3.00 2 120 $3.10 3 60 $3.50 Glasgow sold 380 units after purchase 3 for $9.60 each. What is Glasgow’s ending inventory under weighted-average? Note: Round your intermediate computation to 2 decimal places.

A company determined that a $9,700 account receivable was uncollectible. Which of the following shows how the write-off of this receivable will affect the company’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Equity Revenues − Expenses = Net Income A. = + − $ 9,700 = $ (9,700) $ (9,700) OA B. $ (9,700) = + $ (9,700) − $ 9,700 = $ (9,700) C. = + − = D. $ (9,700) = $ (9,700) + − $ 9,700 = $ (9,700)

On January 1, Year 1, Marino Moving Company paid $64,000 cash to purchase a truck. The truck was expected to have a four year useful life and a $4,000 salvage value. If Marino uses the straight-line method, which of the following shows how the adjusting entry to recognize depreciation expense at the end of Year 3 will affect the Company’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Cash + Book Value of Truck = Accounts Payable + Common Stock + Retained Earnings Revenue − Expense = Net Income A. + (45,000) = + + (45,000) − 45,000 = (45,000) B. + (45,000) = + + (45,000) − 45,000 = (45,000) C. + (15,000) = + + 15,000 − 15,000 = (15,000) (15,000) OA D. + (15,000) = + + (15,000) − 15,000 = (15,000)

On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1. How will the entry to record the declaration of the dividend on March 1 affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue − Expense = Net income A. = (9,000) + (9,000) − 9,000 = (9,000) B. = 9,000 + (9,000) − = C. (4,500) = + (4,500) − = (4,500) FA D. = 4,500 + (4,500) − =

Flagler Company purchased equipment that cost $90,000. The equipment had a useful life of 5 years and a $10,000 salvage value. Flagler uses the double-declining-balance method. Which of the following choices accurately reflects how the recognition of the first year’s depreciation would affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue − Expense = Net Income A. (32,000) = + (32,000) − 32,000 = (32,000) (32,000) Operating activity B. (16,000) = + (16,000) − 16,000 = (16,000) C. (36,000) = + (36,000) − 36,000 = (36,000) (36,000) Operating activity D. (36,000) = + (36,000) − 36,000 = (36,000)

On December 31, Year 1, Kardashian Company recorded an adjusting entry to recognize $5,710 of uncollectible accounts expense. Which of the following shows how this entry will affect Kardashian’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenues − Expenses = Net Income A. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) $ (5,710) OA B. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) C. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) $ (5,710) FA D. $ (5,710) = $ (5,710) + − $ 5,710 = $ (5,710)