TEST BANK
,
Corporate,Financial,Accounting,,16th,Edition
by,Carl,S.,Warren,Jeff,Jones,,All,Chapters,1,-,14,,Complete
Copyright,Cengage,Learning.,Powered,by,Cogner Page,1
o.
, Chapter,1:Introduction,to,Accounting,and,Business
Chapter,2:Analyzing,Transactions
Chapter,3:The,Adjusting,Process
Chapter,4:The,Accounting,Cycle
Chapter,5:Accounting,for,Retail,Businesses
Chapter,6:Inventories
Chapter,7:Internal,Control,and,Cash
Chapter,8:Receivables
Chapter,9:Long-Term,Assets:,Fixed,and,Intangible
Chapter,10:Liabilities:,Current,,Installment,Notes,,and,Contingencies
Chapter,11:Liabilities:,Bonds,Payable
Chapter,12:Corporations:,Organization,,Stock,Transactions,,and,Dividends
Chapter,13:Statement,of,Cash,Flows
Chapter,14:Financial,Statement,Analysis
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o.
,Chapter,01,-,Accounting,and,Business
1. A,corporation,is,a,business,that,is,legally,separate,and,distinct,from,its,owners.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:,Remembering
QUESTION,TYPE: True,/,False
HAS,VARIABLES: False
LEARNING,OBJECTIVES: FNMN.WAJO.19.01, 01,-,LO:,01-01
ACCREDITING,STANDARDS:, ACCT.ACBSP.APC.03,-,Business,Forms
ACCT.AICPA.BB.01,-,Industry
ACCT.AICPA.FN.03,-
,Measurement,BUSPROG:,Analytic
DATE,CREATED: 7/26/2017,4:27,PM
DATE,MODIFIED: 10/16/2017,3:33,PM
2. The,role,of,accounting,is,to,provide,many,different,users,with,financial,information,to,make,economic,decisions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's:,Remembering
QUESTION,TYPE: True,/,False
HAS,VARIABLES: False
LEARNING,OBJECTIVES: FNMN.WAJO.19.01, 01,-,LO:,01-01
ACCREDITING,STANDARDS:, ACCT.ACBSP.APC.01,-,Purpose
ACCT.AICPA.FN.03,-
,Measurement,BUSPROG:,Analytic
DATE,CREATED: 7/26/2017,4:27,PM
DATE,MODIFIED: 10/16/2017,3:33,PM
3. Accounting,information,users,need,reports,about,the,economic,activities,and,condition,of,businesses.
a. True
b. False
ANSWER: True
POINTS: 1
Copyright,Cengage,Learning.,Powered,by,Cogner Page,3
o.
, DIFFICULTY: Easy
Bloom's:,Remembering
Copyright,Cengage,Learning.,Powered,by,Cogner Page,4
o.
,
Corporate,Financial,Accounting,,16th,Edition
by,Carl,S.,Warren,Jeff,Jones,,All,Chapters,1,-,14,,Complete
Copyright,Cengage,Learning.,Powered,by,Cogner Page,1
o.
, Chapter,1:Introduction,to,Accounting,and,Business
Chapter,2:Analyzing,Transactions
Chapter,3:The,Adjusting,Process
Chapter,4:The,Accounting,Cycle
Chapter,5:Accounting,for,Retail,Businesses
Chapter,6:Inventories
Chapter,7:Internal,Control,and,Cash
Chapter,8:Receivables
Chapter,9:Long-Term,Assets:,Fixed,and,Intangible
Chapter,10:Liabilities:,Current,,Installment,Notes,,and,Contingencies
Chapter,11:Liabilities:,Bonds,Payable
Chapter,12:Corporations:,Organization,,Stock,Transactions,,and,Dividends
Chapter,13:Statement,of,Cash,Flows
Chapter,14:Financial,Statement,Analysis
Copyright,Cengage,Learning.,Powered,by,Cogner Page,2
o.
,Chapter,01,-,Accounting,and,Business
1. A,corporation,is,a,business,that,is,legally,separate,and,distinct,from,its,owners.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:,Remembering
QUESTION,TYPE: True,/,False
HAS,VARIABLES: False
LEARNING,OBJECTIVES: FNMN.WAJO.19.01, 01,-,LO:,01-01
ACCREDITING,STANDARDS:, ACCT.ACBSP.APC.03,-,Business,Forms
ACCT.AICPA.BB.01,-,Industry
ACCT.AICPA.FN.03,-
,Measurement,BUSPROG:,Analytic
DATE,CREATED: 7/26/2017,4:27,PM
DATE,MODIFIED: 10/16/2017,3:33,PM
2. The,role,of,accounting,is,to,provide,many,different,users,with,financial,information,to,make,economic,decisions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's:,Remembering
QUESTION,TYPE: True,/,False
HAS,VARIABLES: False
LEARNING,OBJECTIVES: FNMN.WAJO.19.01, 01,-,LO:,01-01
ACCREDITING,STANDARDS:, ACCT.ACBSP.APC.01,-,Purpose
ACCT.AICPA.FN.03,-
,Measurement,BUSPROG:,Analytic
DATE,CREATED: 7/26/2017,4:27,PM
DATE,MODIFIED: 10/16/2017,3:33,PM
3. Accounting,information,users,need,reports,about,the,economic,activities,and,condition,of,businesses.
a. True
b. False
ANSWER: True
POINTS: 1
Copyright,Cengage,Learning.,Powered,by,Cogner Page,3
o.
, DIFFICULTY: Easy
Bloom's:,Remembering
Copyright,Cengage,Learning.,Powered,by,Cogner Page,4
o.
