TEST BANK FOR Survey of Accounting 10th Edition by Carl Warren, Amanda Farmer ISBN:978-0357900291 ALL CHAPTERS COVERD YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!!!!

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SurveydaofdaAccountingda10edaCarldaWarren,daAmandadaFarmer,daJeffersondaP.daJones




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da Chapterda1-14 AnswersdaaredaatdathedaEnddaofdaEachdaChapter

chapterda1

Indicatedawhetherdathedastatementdaisdatruedaordafalse.

1. Adabusinessdastakeholderdahasdaandainterestdaindathedaeconomicdaperformancedaofdaadacompany.
a. True
b. False

2. Thedaownershipdaofdaadaproprietorshipdaisdadivideddaintodasharesdaofdastockdaowneddabydaitsdastockholders.
a. True
b. False

3. Creditorsdahavedapreferencedatodaassetsdabehinddastockholdersdaifdaadabusinessdafails.
a. True
b. False

4. Manufacturingdabusinessesdachangedabasicdainputsdaintodaproductsdathatdaaredasolddatodaindividualdacustomers.
a. True
b. False

5. Thedastockholders'daequitydaofdaadacompanydashoulddaequaldathedasumdaofdaitsdatotaldaassetsdaanddatotaldaliabilities.
a. True
b. False

6. Assetsdaaredaacquireddathroughdainvestingdaactivitiesdawhendaresourcesdaaredapurchased.
a. True
b. False

7. Adaprimarydadisadvantagedaofdacorporationsdaisdathatdathedafinancialdaresourcesdaavailabledatodathemdaaredalimited.
a. True
b. False

8. Adalimiteddaliabilitydacompanydacombinesdaattributesdaofdaadapartnershipdaanddaadacorporation.
a. True
b. False

9. JohndaDeeredaisdaadaleadingdamanufacturerdaofdaagriculturaldamachinerydaindathedaworld,daproducingdaproductsdathatdaservedauniq
uedamarketdaneeds.daTherefore,daJohndaDeeredaisdaandaexampledaofdaadacompanydathatdausesdaadapremium-
pricedaapproachdatodaattractdacustomers.
a. True

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b. False

10. Adacorporationdaisdaadabusinessdathatdaisdalegallydaseparatedaanddadistinctdafromdaitsdaowners.
a. True
b. False

11. Stockholdersdaofdaadacorporationdaaredaitsdainternaldastakeholders.
a. True
b. False

12. Adapartnershipdaisdaowneddabydatwodaordamoredaindividuals.
a. True
b. False

13. Thedabalancedasheetdarepresentsdathedaaccountingdaequation.
a. True
b. False

14. Thedapopularitydaofdathedasoledaproprietorshipdaisdaduedatodathedaeasedaanddalowdacostdaofdaorganizing.
a. True
b. False

15. Accountingdaisdaoftendacalleddatheda"languagedaofdabusiness"dabecausedabusinessdainformationdaisdacommunicateddatodastakeholders.
a. True
b. False

16. Thedabasicdatypedaofdastockdaissueddatodaownersdaisdacalleddacommondastock.
a. True
b. False

17. Adaliabilitydaisdaadalegaldaobligationdatodarepaydathedaamountdaborroweddaaccordingdatodathedatermsdaofdathedaborrowingdaagreement.
a. True
b. False

18. Alldamerchandisingdabusinessesdaaredaorganizeddaasdacorporations.
a. True
b. False

19. Thedaobjectivedaofdamostdabusinessesdaisdatodamaximizedaprofits.
a. True
b. False

20. Thedabranchdaofdaaccountingdarelateddatodathedamanagement'sdafinancialdadecisionsdaisdaknowndaasdafinancialdaaccounting.
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