Test Bank — Financial Accounting: Tools for Business Decision Making, 9th Canadian Edition — Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell, Barbara Trenholm, Wayne Irvine & Christopher D. Burnley — ISBN 9781119877943 — Latest Update 2025/2026

Financial Accounting 9th
Canadian Edition
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TEST BANK
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Paul D. Kimmel

Jerry J. Weygandt
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Donald E. Kieso
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Comprehensive Test Bank for Instructors
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and Students
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© Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine &

Dan G. Short. All rights reserved. Reproduction or distribution without permission is
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prohibited.




©MEDGEEK

, Test Bank – Financial Accounting, 9th Canadian Edition
Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Dan
G. Short
ST

Chapter 1. The Purpose and Use of Financial Statements
Chapter 2. A Further Look at Financial Statements
Chapter 3. The Accounting Information System
Chapter 4. Accrual Accounting Concepts
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Chapter 5. Merchandising Operations
Chapter 6. Reporting and Analyzing Inventory
Chapter 7. Internal Control and Cash
Chapter 8. Reporting and Analyzing Receivables
Chapter 9. Reporting and Analyzing Long-Lived Assets
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Chapter 10. Reporting and Analyzing Liabilities
Chapter 11. Reporting and Analyzing Shareholders’ Equity
Chapter 12. Reporting and Analyzing Investments
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Chapter 13. The Statement of Cash Flows
Chapter 14. Performance Measurement
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©MEDGEEK

, CHAPTER 1
THE PURPOSE AND USE OF FINANCIAL STATEMENTS
SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, LEVEL OF
DIFFICULTY, BLOOM’S TAXONOMY, CPA CODES, AND AACSB CODES
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Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB
True-False Statements
1. 1 E K F AN 13. 2 E K F AN 25. 4 M K F AN
2. 1 E C F AN 14. 2 E K F AN 26. 4 M K F AN
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3. 1 E C F AN 15. 2 M K F AN 27. 4 E K F AN
4. 1 E K F AN 16. 2 E K F AN 28. 4 M K F AN
5. 1 E K F AN 17. 3 E K F AN 29. 4 E K F AN
6. 1 E K F AN 18. 3 E K F AN 30. 4 M C F AN
7. 1 M C F AN 19. 3 M K F AN 31. 4 E C F AN
8. 1 M C F AN 20. 3 E K F AN 32. 4 E K F AN
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9. 1 M C F AN 21. 3 M K F AN 33. 4 M C F AN
10. 1 M C F AN 22. 3 E C F AN 34. 4 E K F AN
11. 1 M C F AN 23. 4 M K F AN
12. 2 E K F AN 24. 4 E K F AN
Multiple Choice Questions
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35. 1 E K F AN 61. 3 M C F AN 87. 4 M C F AN
36. 1 E K F AN 62. 3 E C F AN 88. 4 E C F AN
37. 1 M K F AN 63. 3 E C F AN 89. 4 E C F AN
38. 1 M K F AN 64. 3 M C F AN 90. 4 E K F AN
39. 1 E K F AN 65. 3 M K F AN 91. 4 E C F AN
40. 1 E K F AN 66. 3 M K F AN 92. 4 H AP F AN
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41. 1 E K F AN 67. 3 M C F AN 93. 4 M AP F AN
42. 1 E K F AN 68. 3 E K F AN 94. 4 M AP F AN
43. 1 E K F AN 69. 3 E C F AN 95. 4 M AP F AN
44. 1 E C F AN 70. 3 E C F AN 96. 4 M K F AN
45. 1 M C F AN 71. 3 E K F AN 97. 4 M C F AN
46. 1 E K F AN 72. 3 E K F AN 98. 4 M K F AN
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47. 1 E K F AN 73. 3 E K F AN 99. 4 E K F AN
48. 2 E C F AN 74. 3 E K F AN 100. 4 M K F AN
49. 2 E K F AN 75. 3 M C F AN 101. 4 M C F AN
50. 2 M K F AN 76. 3 E C F AN 102. 4 M K F AN
51. 2 M K F AN 77. 3 E C F AN 103. 4 E K F AN
52. 2 M K F AN 78. 4 M AP F AN 104. 4 E C F AN
53. 2 E K F AN 79. 4 E C F AN 105. 4 E K F AN
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54. 2 E K F AN 80. 4 M K F AN 106. 4 E C F AN
55. 2 E C F AN 81. 4 M C F AN 107. 4 E C F AN
56. 2 E K F AN 82. 4 E K F AN 108. 4 H C F AN
57. 2 M K F AN 83. 4 E C F AN 109. 4 M C F AN
58. 2 E C F AN 84. 4 M K F AN 110. 4 M C F AN
59. 2 M K F AN 85. 4 H C F AN
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60. 3 E K F AN 86. 4 E K F AN

LOD: E = Easy M = Medium H = Hard
Bloom’s: AP = Application C = Comprehension K = Knowledge
CPA: F = Financial Reporting
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AACSB: AN = Analytic




Copyright © 2023 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited

, 1 - 2 Test Bank for Financial Accounting: Tools for Business Decision-Making, Ninth Canadian Edition

SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, LEVEL OF
DIFFICULTY, BLOOM’S TAXONOMY, CPA CODES, AND AACSB CODES
(CONT’D)
Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB
ST
Exercises
111. 1 E C F AN 122. 4 E K F AN 133. 4 E AP F AN
112. 2 M AP F AN 123. 4 H AP F AN 134. 4 E C F AN
113. 2 E C F AN 124. 4 M AP F AN 135. 4 E C F AN
114. 2 M C F AN 125. 4 E AP F AN 136. 4 E C F AN
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115. 2 M C F AN 126. 4 M AP F AN 137. 4 E AP F AN
116. 3 M C F AN 127. 4 E AP F AN 138. 4 E C F AN
117. 3 M C F AN 128. 4 E C F AN 139. 4 M AP F AN
118. 3 H AP F AN 129. 4 M AP F AN 140. 4 E AP F AN
119. 3 M AP F AN 130. 4 H AP F AN 141. 4 M AP F AN
120. 3 E C F AN 131. 4 E C F AN 142. 4 H AP F AN
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121. 3 M AP F AN 132. 4 H AP F AN
Matching
143. 1-4 E,M K F AN
Short-Answer Essay
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144. 1 E C F AN 148. 2 E K F AN 152. 4 E C F AN
145. 1 E C F AN 149. 4 H C F AN 153. 4 M C F,CM AN
146. 1 H C F AN 150. 4 E C F AN 154. 4 E C F AN
147. 1,2 M AP F AN, E 151. 4 M C F AN 155. 4 M AN F AN
Objective Format Questions
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156. 1 M C F AN 159. 2 M K F AN 162. 4 M AN F AN
157. 1 E K F AN 160. 2 E C F AN
158. 2 M K F AN 161. 4 E K F AN

LOD: E = Easy M = Medium H = Hard
Bloom’s: AN = Analysis AP = Application C = Comprehension K = Knowledge
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CPA: F = Financial Reporting CM = Communication
AACSB: AN = Analytic E = Ethics
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Copyright © 2023 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited