TEST BANK
College Accounting Chapters 1-30, 16th Edition
David 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
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
Version 1 2
,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 Accounting?
Bloom's : Remember
AACSB : Analytical
Thinking AICPA : BB
Industry
AICPA : FN Decision
Making Accessibility :
Keyboard Navigation
Type : Static
Learning Objective : 01-03 Identify the users of
financial information. Gradable : manual
Accessibility : Screen Reader Compatible
2) Cullen iCompany iof icountry iX iand iShaw iIndustries iof icountry iY ihave
iissued ifinancial istatements iin icompliance iwith ithe iaccounting iprinciples iof itheir
irespective icountries. iThey iwould ilike ito iwork itogether ion ia iproject iand ineed ito
icompare itheir icurrent ifinancial istatements iprior ito istarting ithe iproject.
Version 1 4
College Accounting Chapters 1-30, 16th Edition
David 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
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
Version 1 2
,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 Accounting?
Bloom's : Remember
AACSB : Analytical
Thinking AICPA : BB
Industry
AICPA : FN Decision
Making Accessibility :
Keyboard Navigation
Type : Static
Learning Objective : 01-03 Identify the users of
financial information. Gradable : manual
Accessibility : Screen Reader Compatible
2) Cullen iCompany iof icountry iX iand iShaw iIndustries iof icountry iY ihave
iissued ifinancial istatements iin icompliance iwith ithe iaccounting iprinciples iof itheir
irespective icountries. iThey iwould ilike ito iwork itogether ion ia iproject iand ineed ito
icompare itheir icurrent ifinancial istatements iprior ito istarting ithe iproject.
Version 1 4
