TEST BANK for Financial Accounting
| | | |
13th Edition
|
by C William Thomas and Wendy M. Tietz
| | | | | | |
Verified Chapter's 1 - 12 | Complete
| | | | | |
,TABLE OF CONTENTS | | |
1. The Financial Statements
| | |
2. Transaction Analysis
| |
3. Accrual Accounting and Income
| | | |
4. Internal Control and Cash
| | | |
5. Receivables and Revenue
| | |
6. Inventory and Cost of Goods Sold
| | | | | |
7. Plant Assets, Natural Resources, and Intangibles
| | | | | |
8. Current and Contingent Liabilities
| | | |
9. Long-Term Liabilities
| |
10. Stockholders' Equity
| |
11. The Statement of Cash Flows
| | | | |
12. Financial Statement Analysis
| | |
,1. The Financial Statements
| | |
Full |Test |Bank |for |Financial |Accounting |13th |Edition |C. |William |Thomas, |Wendy |M |Tietz
Financial |Accounting, |13e |(Thomas/Tietz)
Chapter |1 The |Financial |Statements
Learning |Objective |1-1
1) Accounting |is |an |information |system |that |measures |business
|activities.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
2) Bookkeeping |is |a |mechanical |part |of
|accounting.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
3) Accounting |is |often |called |the |language |of
|business.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
4) Accounting |produces |financial |statements, |which |report |information |about |a
|business.|A nswer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp: | Legal/Regulatory
AICPA |Functional: | Measurement, |Reporting
5) The |accounting |process |begins |and |ends |with |people |making
|decisions.|Answer: | TRUE
Diff: |1
LO: | 1-1
, AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
| | | |
13th Edition
|
by C William Thomas and Wendy M. Tietz
| | | | | | |
Verified Chapter's 1 - 12 | Complete
| | | | | |
,TABLE OF CONTENTS | | |
1. The Financial Statements
| | |
2. Transaction Analysis
| |
3. Accrual Accounting and Income
| | | |
4. Internal Control and Cash
| | | |
5. Receivables and Revenue
| | |
6. Inventory and Cost of Goods Sold
| | | | | |
7. Plant Assets, Natural Resources, and Intangibles
| | | | | |
8. Current and Contingent Liabilities
| | | |
9. Long-Term Liabilities
| |
10. Stockholders' Equity
| |
11. The Statement of Cash Flows
| | | | |
12. Financial Statement Analysis
| | |
,1. The Financial Statements
| | |
Full |Test |Bank |for |Financial |Accounting |13th |Edition |C. |William |Thomas, |Wendy |M |Tietz
Financial |Accounting, |13e |(Thomas/Tietz)
Chapter |1 The |Financial |Statements
Learning |Objective |1-1
1) Accounting |is |an |information |system |that |measures |business
|activities.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
2) Bookkeeping |is |a |mechanical |part |of
|accounting.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
3) Accounting |is |often |called |the |language |of
|business.|Answer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
4) Accounting |produces |financial |statements, |which |report |information |about |a
|business.|A nswer: | TRUE
Diff: |1
LO: | 1-1
AACSB: | Reflective |Thinking
AICPA |Bus |Persp: | Legal/Regulatory
AICPA |Functional: | Measurement, |Reporting
5) The |accounting |process |begins |and |ends |with |people |making
|decisions.|Answer: | TRUE
Diff: |1
LO: | 1-1
, AACSB: | Reflective |Thinking
AICPA |Bus |Persp:
| Legal/Regulatory|AICPA |Functional:
| Measurement
