TEST BANK for Financial Accounting
13th Edition
by C William Thomas and Wendy M. Tietz
Verified Chapter's 1 - 12 | Complete
,TABLE OF CONTENTS AT AT AT
1. The Financial Statements
AT AT AT
2. Transaction Analysis
AT AT
3. Accrual Accounting and Income
AT AT AT AT
4. Internal Control and Cash
AT AT AT AT
5. Receivables and Revenue
AT AT AT
6. Inventory and Cost of Goods Sold
AT AT AT AT AT AT
7. Plant Assets, Natural Resources, and Intangibles
AT AT AT AT AT AT
8. Current and Contingent Liabilities
AT AT AT AT
9. Long-Term Liabilities
AT AT
10. Stockholders' Equity
AT AT
11. The Statement of Cash Flows
AT AT AT AT AT
,12. Financial Statement Analysis
AT AT AT
, 1. The Financial Statements
AT AT AT
Full Test Bank for Financial Accounting 13th Edition C. William Thomas, Wendy M Tietz
AT AT AT AT AT AT AT AT AT AT AT AT AT
Financial Accounting, 13e (Thomas/Tietz) AT AT AT
Chapter 1 AT The Financial Statements
AT AT
Learning Objective 1-1 AT AT
1) Accounting is an information system that measures business activities.An
AT AT AT AT AT AT AT AT T
A
swer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT A T T
A
CPA Functional: Measurement
AT A T
2) Bookkeeping is a mechanical part of accounting.A AT AT AT AT AT AT T
A
nswer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT AT T
A
CPA Functional: Measurement
AT A T
3) Accounting is often called the language of business.A
AT AT AT AT AT AT AT T
A
nswer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT AT T
A
CPA Functional: Measurement
AT A T
4) Accounting produces financial statements, which report information about a business.An
AT AT AT AT AT AT AT AT AT T
A
swer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
13th Edition
by C William Thomas and Wendy M. Tietz
Verified Chapter's 1 - 12 | Complete
,TABLE OF CONTENTS AT AT AT
1. The Financial Statements
AT AT AT
2. Transaction Analysis
AT AT
3. Accrual Accounting and Income
AT AT AT AT
4. Internal Control and Cash
AT AT AT AT
5. Receivables and Revenue
AT AT AT
6. Inventory and Cost of Goods Sold
AT AT AT AT AT AT
7. Plant Assets, Natural Resources, and Intangibles
AT AT AT AT AT AT
8. Current and Contingent Liabilities
AT AT AT AT
9. Long-Term Liabilities
AT AT
10. Stockholders' Equity
AT AT
11. The Statement of Cash Flows
AT AT AT AT AT
,12. Financial Statement Analysis
AT AT AT
, 1. The Financial Statements
AT AT AT
Full Test Bank for Financial Accounting 13th Edition C. William Thomas, Wendy M Tietz
AT AT AT AT AT AT AT AT AT AT AT AT AT
Financial Accounting, 13e (Thomas/Tietz) AT AT AT
Chapter 1 AT The Financial Statements
AT AT
Learning Objective 1-1 AT AT
1) Accounting is an information system that measures business activities.An
AT AT AT AT AT AT AT AT T
A
swer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT A T T
A
CPA Functional: Measurement
AT A T
2) Bookkeeping is a mechanical part of accounting.A AT AT AT AT AT AT T
A
nswer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT AT T
A
CPA Functional: Measurement
AT A T
3) Accounting is often called the language of business.A
AT AT AT AT AT AT AT T
A
nswer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
AICPA Bus Persp: Legal/RegulatoryAI
AT AT AT T
A
CPA Functional: Measurement
AT A T
4) Accounting produces financial statements, which report information about a business.An
AT AT AT AT AT AT AT AT AT T
A
swer: TRUE A T
Diff: 1 AT
LO: 1-1
A T
AACSB: Reflective Thinking A T AT
