Exam (elaborations)

Test bank for financial accounting fundamentals 8th edition by john wild

Rating

Sold

Pages

Grade

A+

Uploaded on

31-10-2024

Written in

2024/2025

Test bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wildTest bank for financial accounting fundamentals 8th edition by john wild

Show more Read less

Institution

Financial Accounting Fundamentals, 8th Edition

Course

Financial Accounting Fundamentals, 8th Edition

Whoops! We can’t load your doc right now. Try again or contact support.

Report Copyright Violation

Connected book

John Wild Financial Accounting Fundamentals

Edition:2017
ISBN:9781260005042
Edition:Unknown

Written for

Institution: Financial Accounting Fundamentals, 8th Edition
Course: Financial Accounting Fundamentals, 8th Edition

Document information

Uploaded on: October 31, 2024
Number of pages: 33
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

Subjects

financial
accounting
fundamentals
john wild
test bank for financial accounting fundamentals 8t
financial accounting fundamentals 8th edition

Content preview

TESTBANKltI

FinancialAccountingFundamentals,8thEdition
ltI ltI ltI ltI

ByJohnWild,Chapter1-13
ltI ltI ltI ltI ltI ltI

,Chapter1:AccountinginBusiness
ltI ltI ltI ltI

Chapter2:AccountingforBusinessTransactions
ltI ltI ltI ltI ltI l l t I I Chapter3:AdjustingAccountsfor
ltI ltI ltI ltI

FinancialStatements Chapter4:AccountingforMerchandisingOperations
ltI ltI l l tI I ltI ltI ltI ltI ltI l l t I I Chapter

5:InventoriesandCostofSales
ltI ltI ltI ltI ltI ltI

Chapter6:Cash,Fraud,andInternalControl
ltI ltI ltI ltI ltI ltI l l t I I Chapter7:Accountingfor ltI ltI ltI

Receivables
ltI l l t I I Chapter8:AccountingforLong-TermAssets ltI ltI ltI ltI ltI l l t I I Chapter

9:AccountingforCurrentLiabilities
ltI ltI ltI ltI ltI

Chapter10:AccountingforLong-TermLiabilities
ltI ltI ltI ltI ltI l l t I I Chapter11:Corporate ltI ltI

ReportingandAnalysis
ltI ltI ltI l l t I I Chapter12:ReportingCashFlows ltI ltI ltI ltI

Chapter13:AnalysisofFinancialStatements
ltI ltI ltI ltI ltI

, Answers are at the End of Each Chapter
lltII lltII lltII lltII lltII lltII lltII

Chapter1:AccountinginBusiness
ltI ltI ltI ltI

Student name: ltI lltII

TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
lltII ltI lltII lltII lltI lltII lltII lltII ltII lltI lltII lltII lltII lltII lltII

1) Accountingisaninformationandmeasurement systemthat identifies,records, ltI ltI ltI ltI ltI ltI ltI ltI ltI

l andcommunicatesanorganization'sbusinessactivities.
l t I I ltI ltI ltI ltI

⊚ true lltII lltII l l t I I

⊚ lltII lltII l l t I I false
2) Accountingincludestheanalysisandinterpretation ofinformation. ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

3) Financialaccountingfocuses onthe needs of external users, whogetaccounting
informationfrom general-purpose financial statements.
ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI

l l t I I l l t I I lltII l l t I I

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

4) Internalusers ofaccounting information do not directlymanage theorganizationand
ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI

havelimitedaccesstoitsaccountinginformation. ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
5) Auditorsverifytheeffectiveness ofinternal controls. ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

6) Externalauditors examinefinancialstatements toverifythat theyarepreparedaccording
togenerallyacceptedaccountingprinciples.
ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI

ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
7) Externalusersincludelenders,shareholders,customers,andregulators.
ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false

, 8) Internalusersincludelenders,shareholders,brokersandnonexecutiveemployees.
ltI ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
9) Opportunitiesinaccountingincludeauditing,consulting, marketresearch, andtaxplanning. ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

10) The fraud triangleshows that three factors that push a person to commit fraud
areopportunity,pressure,andrationalization.
ltI ltI ltI lltII ltI ltI ltI ltI ltI lltII ltI ltI ltI

ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

11) Internalcontrols areprocedures toprotectassets,ensurereliableaccounting,
promoteefficiency,andupholdcompanypolicies.
ltI ltI ltI ltI ltI ltI ltI ltI ltI

ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
12) Apartnership is a business owned by two or more people.
ltI ltI ltI lltII lltII lltII ltI ltI lltII lltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
13) Ownersofacorporation arecalledshareholders orstockholders.
ltI ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
14) Ina partnership,the ownersarecalled stockholders.
ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ lltII lltII l l t I I false
15) The balancesheet shows a company's net income or loss over a period of time.
ltI ltI ltI ltI ltI lltII ltI lltII ltI ltI ltI ltI ltI ltI

⊚ lltII lltII l l t I I true

⊚ false lltII lltII l l t I I

16) The FinancialAccounting Standards Board (FASB) isgiven the task of setting generally
ltI ltI ltII ltI ltI ltI ltI ltI ltI ltI ltI ltI

acceptedaccountingprinciples (GAAP)fromtheSecuritiesandExchangeCommission.
ltI ltI ltI ltI ltI ltI ltI ltI ltI

⊚ lltII lltII

true
lltII

⊚ lltII lltII

lltII false

$12.99

Get access to the full document:

100% satisfaction guarantee

Immediately available after payment

Both online and in PDF

No strings attached

Get to know the seller

STUVEX

3.8

(114)

Get to know the seller

STUVEX NURSING

View profile

Sold

735

Member since

2 year

Number of followers

313

Documents

15295

Last sold

17 hours ago

STUVATE - STUVIA USA

My store is a comprehensive destination for buying and selling a variety of documents. we offer a vast range of documents that cater to different needs and requirements, our documents are well-researched, accurate, and of high quality, ensuring customer satisfaction. whether you are looking for legal documents, academic papers, business reports or miscellaneous documents we`ve got you covered.

3.8

114 reviews

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller STUVEX. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews) 51249 documents were sold in the last 30 days Founded in 2010, the go-to place to buy study notes for 16 years now

Test bank for financial accounting fundamentals 8th edition by john wild

Connected book

Written for

Document information

Subjects

Content preview

Get to know the seller

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Didn't get what you expected? Choose another document

Pay as you like, start learning right away

Frequently asked questions

What do I get when I buy this document?

Satisfaction guarantee: how does it work?

Who am I buying these notes from?

Will I be stuck with a subscription?

Can Stuvia be trusted?