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Corporate Financial
VI U
Accounting, 16th Edition
T
A_V
TEST BANK
MIA
E_DA
Carl S. Warren, Jeff Jones
CPO
Comprehensive Test Bank for Instructors
and Students
PNR
||| ||| || ||| || | || ||| | || ||| |
NOO
9780357510384
VIESS
© Carl S. Warren & Jeff Jones. All rights reserved.
Reproduction or distribution without permission is
prohibited.
DE?U
R?
© MEDGEEK
,TU S
TABLE OF CONTENTS
Test Bank – Corporate Financial Accounting (16th Edition)
Authors: Carl S. Warren and Jeff Jones
ISBN: 9780357510384
VI U
PART I: THE ACCOUNTING CYCLE
T
Chapter 1: Introduction to Accounting and Business
A_V
Chapter 2: Analyzing Transactions
Chapter 3: The Adjusting Process
Chapter 4: The Accounting Cycle
PART II: ASSETS AND INTERNAL CONTROLS
MIA
Chapter 5: Accounting for Retail Businesses
Chapter 6: Inventories
Chapter 7: Internal Control and Cash
E_DA
Chapter 8: Receivables
Chapter 9: Long-Term Assets: Fixed and Intangible
PART III: LIABILITIES AND EQUITY
CPO
Chapter 10: Liabilities: Current, Installment Notes, and Contingencies
Chapter 11: Liabilities: Bonds Payable
Chapter 12: Corporations: Organization, Stock Transactions, and Dividends
PNR
PART IV: ANALYSIS AND REPORTING
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Statement Analysis
NOO
VIESS
DE?U
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, TEST BANK FOR
TU S
Corporate Financial Accounting, 16th Edition by Carl S. Warren (Author), Jeff Jones
Chapter 01 - Accounting and Business
VI U
1. A corporation is a business that is legally separate and distinct from its owners.
a. True
T
b. False
ANSWER: True
A_V
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
MIA
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms
ACCT.AICPA.BB.01 - Industry
E_DA
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
CPO
2. The role of accounting is to provide many different users with financial information to make economic decisions.
a. True
b. False
ANSWER: True
PNR
POINTS: 1
DIFFICULTY: Moderate
Bloom's: Remembering
NOO
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
VIESS
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
DE?U
3. Accounting information users need reports about the economic activities and condition of businesses.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
R?
Copyright Cengage Learning. Powered by Cognero. Page 1
, QUESTION TYPE: True / False
HAS VARIABLES: False
TU S
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.AICPA.BB.01 - Industry
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
VI U
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
T
4. Managerial accounting information is used by external and internal users equally.
A_V
a. True
b. False
ANSWER: False
POINTS: 1
MIA
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
HAS VARIABLES: False
E_DA
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.ACBSP.APC.25 - Managerial Characteristics/Terminology
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
CPO
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
5. Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies where
PNR
they work.
a. True
b. False
ANSWER: False
NOO
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
VIESS
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.AICPA.BB.03 - Legal
ACCT.AICPA.FN.03 - Measurement
DE?U
BUSPROG: Ethics
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
6. Financial accounting provides information to all users, while the main focus for managerial accounting is to provide
information to the management.
a. True
R?
Copyright Cengage Learning. Powered by Cognero. Page 2
TU S
Corporate Financial
VI U
Accounting, 16th Edition
T
A_V
TEST BANK
MIA
E_DA
Carl S. Warren, Jeff Jones
CPO
Comprehensive Test Bank for Instructors
and Students
PNR
||| ||| || ||| || | || ||| | || ||| |
NOO
9780357510384
VIESS
© Carl S. Warren & Jeff Jones. All rights reserved.
Reproduction or distribution without permission is
prohibited.
DE?U
R?
© MEDGEEK
,TU S
TABLE OF CONTENTS
Test Bank – Corporate Financial Accounting (16th Edition)
Authors: Carl S. Warren and Jeff Jones
ISBN: 9780357510384
VI U
PART I: THE ACCOUNTING CYCLE
T
Chapter 1: Introduction to Accounting and Business
A_V
Chapter 2: Analyzing Transactions
Chapter 3: The Adjusting Process
Chapter 4: The Accounting Cycle
PART II: ASSETS AND INTERNAL CONTROLS
MIA
Chapter 5: Accounting for Retail Businesses
Chapter 6: Inventories
Chapter 7: Internal Control and Cash
E_DA
Chapter 8: Receivables
Chapter 9: Long-Term Assets: Fixed and Intangible
PART III: LIABILITIES AND EQUITY
CPO
Chapter 10: Liabilities: Current, Installment Notes, and Contingencies
Chapter 11: Liabilities: Bonds Payable
Chapter 12: Corporations: Organization, Stock Transactions, and Dividends
PNR
PART IV: ANALYSIS AND REPORTING
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Statement Analysis
NOO
VIESS
DE?U
R?
, TEST BANK FOR
TU S
Corporate Financial Accounting, 16th Edition by Carl S. Warren (Author), Jeff Jones
Chapter 01 - Accounting and Business
VI U
1. A corporation is a business that is legally separate and distinct from its owners.
a. True
T
b. False
ANSWER: True
A_V
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
MIA
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms
ACCT.AICPA.BB.01 - Industry
E_DA
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
CPO
2. The role of accounting is to provide many different users with financial information to make economic decisions.
a. True
b. False
ANSWER: True
PNR
POINTS: 1
DIFFICULTY: Moderate
Bloom's: Remembering
NOO
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
VIESS
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
DE?U
3. Accounting information users need reports about the economic activities and condition of businesses.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
R?
Copyright Cengage Learning. Powered by Cognero. Page 1
, QUESTION TYPE: True / False
HAS VARIABLES: False
TU S
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.AICPA.BB.01 - Industry
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
VI U
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
T
4. Managerial accounting information is used by external and internal users equally.
A_V
a. True
b. False
ANSWER: False
POINTS: 1
MIA
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
HAS VARIABLES: False
E_DA
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.ACBSP.APC.25 - Managerial Characteristics/Terminology
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
CPO
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
5. Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies where
PNR
they work.
a. True
b. False
ANSWER: False
NOO
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering
QUESTION TYPE: True / False
VIESS
HAS VARIABLES: False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
ACCT.AICPA.BB.03 - Legal
ACCT.AICPA.FN.03 - Measurement
DE?U
BUSPROG: Ethics
DATE CREATED: 7/26/2017 4:27 PM
DATE MODIFIED: 10/16/2017 3:33 PM
6. Financial accounting provides information to all users, while the main focus for managerial accounting is to provide
information to the management.
a. True
R?
Copyright Cengage Learning. Powered by Cognero. Page 2
