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