TEST BANK
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CollEgE ACCouNTiNg ChApTErS 1-
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30, 16Th EdiTiodAvid hAddoCK, JohN priCE,
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MiChAEl FAriNA
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Version’1 1
, TABLE OF CONTENTS ’ ’
Ch. 1 Accounting: The Language of Business
’ ’ ’ ’ ’ ’
Ch. 2 Analyzing Business Transactions
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Ch. 3 Analyzing Business Transactions Using T Accounts
’ ’ ’ ’ ’ ’ ’
Ch. 4 The General Journal and the General Ledger
’ ’ ’ ’ ’ ’ ’ ’
Ch. 5 Adjustments and the Worksheet
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Ch. 6 Closing Entries and the Postclosing Trial Balance
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Ch. 7 Accounting for Sales and Accounts Receivable
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Ch. 8 Accounting for Purchases and Accounts Payable
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Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
’ ’ ’ ’ ’ ’ ’ ’
Ch. 10 Payroll Computations, Records, and Payment
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Ch. 11 Payroll Taxes, Deposits, and Reports
’ ’ ’ ’ ’ ’
Ch. 12 Accruals, Deferrals, and the Worksheet
’ ’ ’ ’ ’ ’
Ch. 13 Financial Statements and Closing Procedure
’ ’ ’ ’ ’ ’
Ch. 14 Accounting Principles and Reporting Standards
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Ch. 15 Accounts Receivable and Uncollectible Accounts
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Version’1 2
,Ch. 16 Notes Payable and Notes Receivable
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Ch. 17 Merchandise Inventory
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Ch. 18 Property, Plant, and Equipment
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Ch. 19 Accounting for Partnerships
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Ch. 20 Corporations: Formation and Capital Stock Transactions
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Ch. 21 Corporate Earnings and Capital Transactions
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Ch. 22 Long-Term Bonds
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Ch. 23 Financial Statement Analysis
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Ch. 24 The Statement of Cash Flows
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Ch. 25 Departmentalized Profit and Cost Centers
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Ch. 26 Accounting for Manufacturing Activities
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Ch. 27 Job Order Cost Accounting
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Ch. 28 Process Cost Accounting
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Ch. 29 Controlling Manufacturing Costs: Standard Costs
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Ch. 30 Cost-Revenue Analysis for Decision Making
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Version’1 3
, Answers’are’at’the’end’of’each’Chapter
Chapter 1 Accounting: The Language of Business
’ ’ ’ ’ ’ ’
Student’name:_’
1) What’is’the’“language’of’business?”‘List’three’groups’who’use’this’financial’information.
Question’Details
Difficulty’:’ 1’Easy
Learning’Objective’:’01-
01’Define’accounting.’Topic’:’What’is’Accou
nting?
Bloom's’:’Remember
AACSB’:’Analytical’Thinking’
AICPA’:’BB’Industry
AICPA’:’FN’Decision’ Making’Acces
sibility’:’Keyboard’Navigation’Type
’:’ Static
Learning’Objective’:’01-
03’Identify’the’users’of’financial’information.’Gradable’:’manual
Accessibility’:’Screen’Reader’Compatible
2) Cullen’Company’of’country’X’and’Shaw’Industries’of’country’Y’have’issued’financial’s
tatements’in’compliance’with’the’accounting’principles’of’their’respective’countries.’They’w
ould’like’to’work’together’on’a’project’and’need’to’compare’their’current’financial’statemen
ts’prior’to’starting’the’project.’However,’the’accounting’principles’of’the’two’countries’differ
.’What’organization’might’they’turn’to’regarding’this’issue?’(Give’both’the’full’name’of’the’or
ganization’and’its’acronym.)’What’ is’the’function’of’this’organization?
Version’1 4
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CollEgE ACCouNTiNg ChApTErS 1-
’ ’ ’
30, 16Th EdiTiodAvid hAddoCK, JohN priCE,
’ ’ ’ ’ ’ ’
MiChAEl FAriNA
’
Version’1 1
, TABLE OF CONTENTS ’ ’
Ch. 1 Accounting: The Language of Business
’ ’ ’ ’ ’ ’
Ch. 2 Analyzing Business Transactions
’ ’ ’ ’
Ch. 3 Analyzing Business Transactions Using T Accounts
’ ’ ’ ’ ’ ’ ’
Ch. 4 The General Journal and the General Ledger
’ ’ ’ ’ ’ ’ ’ ’
Ch. 5 Adjustments and the Worksheet
’ ’ ’ ’ ’
Ch. 6 Closing Entries and the Postclosing Trial Balance
’ ’ ’ ’ ’ ’ ’ ’
Ch. 7 Accounting for Sales and Accounts Receivable
’ ’ ’ ’ ’ ’ ’
Ch. 8 Accounting for Purchases and Accounts Payable
’ ’ ’ ’ ’ ’ ’
Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
’ ’ ’ ’ ’ ’ ’ ’
Ch. 10 Payroll Computations, Records, and Payment
’ ’ ’ ’ ’ ’
Ch. 11 Payroll Taxes, Deposits, and Reports
’ ’ ’ ’ ’ ’
Ch. 12 Accruals, Deferrals, and the Worksheet
’ ’ ’ ’ ’ ’
Ch. 13 Financial Statements and Closing Procedure
’ ’ ’ ’ ’ ’
Ch. 14 Accounting Principles and Reporting Standards
’ ’ ’ ’ ’ ’
Ch. 15 Accounts Receivable and Uncollectible Accounts
’ ’ ’ ’ ’ ’
Version’1 2
,Ch. 16 Notes Payable and Notes Receivable
’ ’ ’ ’ ’ ’
Ch. 17 Merchandise Inventory
’ ’ ’
Ch. 18 Property, Plant, and Equipment
’ ’ ’ ’ ’
Ch. 19 Accounting for Partnerships
’ ’ ’ ’
Ch. 20 Corporations: Formation and Capital Stock Transactions
’ ’ ’ ’ ’ ’ ’
Ch. 21 Corporate Earnings and Capital Transactions
’ ’ ’ ’ ’ ’
Ch. 22 Long-Term Bonds
’ ’ ’
Ch. 23 Financial Statement Analysis
’ ’ ’ ’
Ch. 24 The Statement of Cash Flows
’ ’ ’ ’ ’ ’
Ch. 25 Departmentalized Profit and Cost Centers
’ ’ ’ ’ ’ ’
Ch. 26 Accounting for Manufacturing Activities
’ ’ ’ ’ ’
Ch. 27 Job Order Cost Accounting
’ ’ ’ ’ ’
Ch. 28 Process Cost Accounting
’ ’ ’ ’
Ch. 29 Controlling Manufacturing Costs: Standard Costs
’ ’ ’ ’ ’ ’
Ch. 30 Cost-Revenue Analysis for Decision Making
’ ’ ’ ’ ’ ’
Version’1 3
, Answers’are’at’the’end’of’each’Chapter
Chapter 1 Accounting: The Language of Business
’ ’ ’ ’ ’ ’
Student’name:_’
1) What’is’the’“language’of’business?”‘List’three’groups’who’use’this’financial’information.
Question’Details
Difficulty’:’ 1’Easy
Learning’Objective’:’01-
01’Define’accounting.’Topic’:’What’is’Accou
nting?
Bloom's’:’Remember
AACSB’:’Analytical’Thinking’
AICPA’:’BB’Industry
AICPA’:’FN’Decision’ Making’Acces
sibility’:’Keyboard’Navigation’Type
’:’ Static
Learning’Objective’:’01-
03’Identify’the’users’of’financial’information.’Gradable’:’manual
Accessibility’:’Screen’Reader’Compatible
2) Cullen’Company’of’country’X’and’Shaw’Industries’of’country’Y’have’issued’financial’s
tatements’in’compliance’with’the’accounting’principles’of’their’respective’countries.’They’w
ould’like’to’work’together’on’a’project’and’need’to’compare’their’current’financial’statemen
ts’prior’to’starting’the’project.’However,’the’accounting’principles’of’the’two’countries’differ
.’What’organization’might’they’turn’to’regarding’this’issue?’(Give’both’the’full’name’of’the’or
ganization’and’its’acronym.)’What’ is’the’function’of’this’organization?
Version’1 4
