TEST BANK aj
Corporate Financial Accounting, 16th Edition
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by Carl S. Warren Jeff Jones, All Chapters 1 - 14, Complete
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Copyright Cengage Learning. Powered by
aj aj aj aj Page 1
aj
Cognero.
, Chapter 1:Introduction to Accounting and Business
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Chapter 2:Analyzing Transactions
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Chapter 3:The Adjusting Process
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Chapter 4:The Accounting Cycle
aj aj aj
Chapter 5:Accounting for Retail Businesses
aj aj aj aj
Chapter 6:Inventories
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Chapter 7:Internal Control and Cash
aj aj aj aj
Chapter 8:Receivables
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Chapter 9:Long-Term Assets: Fixed and Intangible
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Chapter 10:Liabilities: Current, Installment Notes, and Contingencies
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Chapter 11:Liabilities: Bonds Payable
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Chapter 12:Corporations: Organization, Stock Transactions, and Dividends
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Chapter 13:Statement of Cash Flows
aj aj aj aj
Chapter 14:Financial Statement Analysis
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Copyright Cengage Learning. Powered by
aj aj aj aj Page 2
aj
Cognero.
,Chapter 01 - Accounting and Business
aj aj aj aj aj
1. A corporation is a business that is legally separate and distinct from its owners.
aj aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: ajFNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms
aj a j aj aj aj
ACCT.AICPA.BB.01 - Industry aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
2. The role of accounting is to provide many different users with financial information to make economic decisions.
aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's: Remembering aj
QUESTION TYPE: ajTrue / False aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: ajFNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
3. Accounting information users need reports about the economic activities and condition of businesses.
aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 3
aj
Cognero.
, QUESTION TYPE: True / False
aj aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.BB.01 - Industry aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
4. Managerial accounting information is used by external and internal users equally.
aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False
aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: aj FNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.ACBSP.APC.25 - Managerial Characteristics/Terminology ACCT.AICPA.FN.03 - aj aj aj aj aj
Measurement aj
BUSPROG: Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
5. Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies
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where they work.
aj aj aj
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False
aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: FNMN.WAJO.19.01 01 - LO: 01-01
aj aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.BB.03 - Legal aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Ethics aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 4
aj
Cognero.
Corporate Financial Accounting, 16th Edition
aj aj aj aj
by Carl S. Warren Jeff Jones, All Chapters 1 - 14, Complete
aj aj aj aj aj aj aj aj aj aj aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 1
aj
Cognero.
, Chapter 1:Introduction to Accounting and Business
aj aj aj aj aj
Chapter 2:Analyzing Transactions
aj aj
Chapter 3:The Adjusting Process
aj aj aj
Chapter 4:The Accounting Cycle
aj aj aj
Chapter 5:Accounting for Retail Businesses
aj aj aj aj
Chapter 6:Inventories
aj
Chapter 7:Internal Control and Cash
aj aj aj aj
Chapter 8:Receivables
aj
Chapter 9:Long-Term Assets: Fixed and Intangible
aj aj aj aj aj
Chapter 10:Liabilities: Current, Installment Notes, and Contingencies
aj aj aj aj aj aj
Chapter 11:Liabilities: Bonds Payable
aj aj aj
Chapter 12:Corporations: Organization, Stock Transactions, and Dividends
aj aj aj aj aj aj
Chapter 13:Statement of Cash Flows
aj aj aj aj
Chapter 14:Financial Statement Analysis
aj aj aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 2
aj
Cognero.
,Chapter 01 - Accounting and Business
aj aj aj aj aj
1. A corporation is a business that is legally separate and distinct from its owners.
aj aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: ajFNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms
aj a j aj aj aj
ACCT.AICPA.BB.01 - Industry aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
2. The role of accounting is to provide many different users with financial information to make economic decisions.
aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's: Remembering aj
QUESTION TYPE: ajTrue / False aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: ajFNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
3. Accounting information users need reports about the economic activities and condition of businesses.
aj aj aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 3
aj
Cognero.
, QUESTION TYPE: True / False
aj aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: FNMN.WAJO.19.01-01 - LO: 01-01
aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.BB.01 - Industry aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
4. Managerial accounting information is used by external and internal users equally.
aj aj aj aj aj aj aj aj aj aj
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False
aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: aj FNMN.WAJO.19.01 01 - LO: 01-01 aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.ACBSP.APC.25 - Managerial Characteristics/Terminology ACCT.AICPA.FN.03 - aj aj aj aj aj
Measurement aj
BUSPROG: Analytic aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
5. Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies
aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj aj
where they work.
aj aj aj
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering aj
QUESTION TYPE: aj True / False
aj aj
HAS VARIABLES:
aj False
LEARNING OBJECTIVES: FNMN.WAJO.19.01 01 - LO: 01-01
aj aj aj aj aj
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
aj a j aj aj
ACCT.AICPA.BB.03 - Legal aj aj
ACCT.AICPA.FN.03 - Measurement BUSPROG: aj aj aj
Ethics aj
DATE CREATED:
aj 7/26/2017 4:27 PM aj aj
DATE MODIFIED:
aj 10/16/2017 3:33 PM aj aj
Copyright Cengage Learning. Powered by
aj aj aj aj Page 4
aj
Cognero.
