Solution Manual For Intermediate Accounting, 11th Edition by David Spiceland, Mark Nelson, Verified Chapters 1 - 21 & Appendix A, Complete Newest Version

Test Bank For Intermediate Accounting,
11th Edition
by David Spiceland, Mark Nelson, Wayne Thomas, Jennifer




Versionu1 1

,Answer Key u




Test name: chapter 1
u u u u




1)
TERM PHRASE
Termunumberut
hatumatchesut
heuphrase.
1.uPredictiveuva lue Informationuisuusefuluin 1
projectingucashuflows.
2.uRelevance Pertinentutoutheudecisionuat 2
hand.
3.uDistribution to Informationuisuavailableuprior 5
owners toutheudecision.
4.uConfirmatory Decreaseuinuequityudueutoutr 3
value ansfersutouowners.
5.uTimeliness Informationuconfirms 4
expectations.
2)
TERM PHRASE Termunumberut
hatumatches
theuphrase.
1.uGain Alonguwithurelevance,ua 5
fundamentaludecision-
specificuquality.
2.uMateriality Resultsuifuanuassetuisusold for 1
moreuthanubookuvalue.
3.uCompleteness Containsualluinformation 3
necessaryuforufaithful
representation.
4.uComprehensive Theuchangeuinuequityufrom 4
income nonownerutransactions.




Versionu1 2

, 5.uFaithfulurep Concernsutheudecision-making 2
resentation impactuofubothutheuamountuandunat
ureuofuanuitem.
3)
TERM PHRASE
Termunumberut
hatumatchesut
heuphrase.
1. Neutrality Importantuinuanalysisubetween 2
firms.
2. Comparability Accountinguinformationushould 1
beuunbiased.
3. Consistency Theudecisionutouincludeuan 5
amountuinutheufinancialust
atements.
4. Cost-effectivenessu Applyingutheusameuaccounting 3
practicesuoverutime.
5. Recognition Considersutheuvalueuofuusing 4
informationurelativeutoucostuofupr
ovidinguit.
4)
TERM PHRASE
Termunumberut
hatumatchesut
heuphrase.
1. Monetaryuunitu Impliesuconsensusuamong 2
assumption differentuobservers.
2. Verifiability Assumesuallutransactionsucanube 3
identifieduwithuauparticularuen
tity.
3. Economicuentityu Assumesuanuentityuwillucontinue 4
assumption touoperateuindefinitely.
4. Goinguconcernu Requiresureportinguthe 5
assumption financialulifeuofuanuentityuinudis
creteutimeuframes.
5. Periodicityu Ignoresutheupossibilityuof 1
assumption inflation.
5)
TERM PHRASE Termunumber
thatumatches


Versionu1 3

, theuphrase.
1.uHistorical cost Basisuofumeasurementuforufixed 1




Versionu1 4