Financial Accounting, 6th Edition
Chapters 1 – 12 Complete
By David Spiceland, Wayne Thomas and Don
Herrmann
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TABLE dOF dCONTENTS
Chapter d1: dA dFramework dfor dFinancial dAccounting d Chapter d2:
dThe dAccounting dCycle: dDuring dthe dPeriod d Chapter d3: dThe
dAccounting dCycle: dEnd dof dthe dPeriod d Chapter d4: dCash dand
dInternal dControls
Chapter d5: dReceivables dand dSales
Chapter d6: dInventory dand dCost dof dGoods dSold d Chapter d7:
dLong- dTerm dAssets
Chapter d8: dCurrent dLiabilities Chapter
d9: dLong-Term dLiabilities d Chapter d10:
dStockholders’ dEquity d Chapter d11:
dStatement dof dCash dFlows
Chapter d12: dFinancial dStatement dAnalysis
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Chapter d 1 A d Framework d for dFinancial d Accounting
1) Accounting dis da dsystem dof dmaintaining drecords dof da dcompany's doperations
dand dcommunicating that dinformation dto ddecision dmakers.
Answer: dTRUE
dDifficulty: d1
dEasy
Topic: Defining dAccounting
Learning dObjective: 01-01 dDescribe dthe dtwo dprimary dfunctions dof
dfinancial daccounting.Bloom's: Remember
AACSB: dReflective
dThinking dAICPA: BB
dCritical dThinking
2) Accounting dinformation dis dused dby dinvestors dto ddecide dwhether dto dinvest din da
dcompany's dstock.
Answer: dTRUE
dDifficulty: d1
dEasy
Topic: Defining dAccounting
Learning dObjective: 01-01 dDescribe dthe dtwo dprimary dfunctions dof
dfinancial daccounting.Bloom's: Remember
AACSB: dReflective
dThinking dAICPA: BB
dCritical dThinking
3) Accounting dinformation dis dused dby dcreditors dto ddecide dwhether dto dinvest din da
dcompany's dstock.
Answer: FALSE
Explanation: d Creditors dlend d money d to da
dcompany. d Difficulty: d1 dEasy
Topic: Defining dAccounting
Learning dObjective: 01-01 dDescribe dthe dtwo dprimary dfunctions dof
dfinancial daccounting.Bloom's: Remember
AACSB: dReflective
dThinking dAICPA: BB
dCritical dThinking
4) The dprimary dfunctions dof dfinancial daccounting dare dto dmeasure dbusiness dactivities
dof da dcompany d and dto dcommunicate dthose dmeasurements dto dinternal dparties dfor
ddecision-making dpurposes.
Answer: FALSE
Explanation: dFinancial daccounting d primarily dserves dto dprovide d information dto
d external dparties. Difficulty: d2 dMedium
Topic: Defining dAccounting
Learning dObjective: 01-01 dDescribe dthe dtwo dprimary dfunctions dof
dfinancial daccounting.Bloom's: Understand
AACSB: dReflective
dThinking dAICPA: BB
,
dCritical