TEST vbBANK vbfor vbFinancial
vbAccounting
13th vbEdition
by vbC vbWilliam vbThomas vband vbWendy vbM. vbTietz
Verifie
d
vbCha
pter's
vb1
vb-
vb12
vb|
vbCo
mplete
,TABLE vbOF vbCONTENTS vb
1. vbThe vbFinancial vbStatements
2. vbTransaction vbAnalysis
3. vbAccrual vbAccounting vband vbIncome
4. vbInternal vbControl vband vbCash
5. vbReceivables vband vbRevenue
6. vbInventory vband vbCost vbof vbGoods vbSold
7. vbPlant vbAssets, vbNatural vbResources, vband vbIntangibles
8. vbCurrent vband vbContingent vbLiabilities
9. vbLong-Term vbLiabilities
10. vbStockholders' vbEquity
11. vbThe vbStatement vbof vbCash vbFlows
12. vbFinancial vbStatement vbAnalysis
,1. vbThe vbFinancial vbStatements
Full vbTest vbBank vbfor vbFinancial vbAccounting vb13th vbEdition vbC. vbWilliam
vbThomas, vbWendy vbM vbTietz
Financial vbAccounting, vb13e vb(Thomas/Tietz)
Chapter vb1 The vbFinancial vbStatements
Learning vbObjective vb1-1
1) Accounting vbis vban vbinformation vbsystem vbthat vbmeasures
vbbusiness vbactivities. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vb Legal/Regulatory vbAICPA
vbFunctional: vb Measurement
2) Bookkeeping vbis vba vbmechanical vbpart vbof
vbaccounting. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vbLegal/Regulatory vbAICPA
vbFunctional: vb Measurement
3) Accounting vbis vboften vbcalled vbthe vblanguage
vbof vbbusiness. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vbLegal/Regulatory vbAICPA
vbFunctional: vb Measurement
4) Accounting vbproduces vbfinancial vbstatements, vbwhich vbreport vbinformation
vbabout vba vbbusiness.vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp: v b Legal/Regulatory
AICPA vbFunctional: v b Measurement, vbReporting
5) The vbaccounting vbprocess vbbegins vband vbends vbwith vbpeople
vbmaking vbdecisions.vbAnswer: v b TRUE
Diff: vb1
, LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vb Legal/Regulatory vbAICPA
vbFunctional: vb Measurement
vbAccounting
13th vbEdition
by vbC vbWilliam vbThomas vband vbWendy vbM. vbTietz
Verifie
d
vbCha
pter's
vb1
vb-
vb12
vb|
vbCo
mplete
,TABLE vbOF vbCONTENTS vb
1. vbThe vbFinancial vbStatements
2. vbTransaction vbAnalysis
3. vbAccrual vbAccounting vband vbIncome
4. vbInternal vbControl vband vbCash
5. vbReceivables vband vbRevenue
6. vbInventory vband vbCost vbof vbGoods vbSold
7. vbPlant vbAssets, vbNatural vbResources, vband vbIntangibles
8. vbCurrent vband vbContingent vbLiabilities
9. vbLong-Term vbLiabilities
10. vbStockholders' vbEquity
11. vbThe vbStatement vbof vbCash vbFlows
12. vbFinancial vbStatement vbAnalysis
,1. vbThe vbFinancial vbStatements
Full vbTest vbBank vbfor vbFinancial vbAccounting vb13th vbEdition vbC. vbWilliam
vbThomas, vbWendy vbM vbTietz
Financial vbAccounting, vb13e vb(Thomas/Tietz)
Chapter vb1 The vbFinancial vbStatements
Learning vbObjective vb1-1
1) Accounting vbis vban vbinformation vbsystem vbthat vbmeasures
vbbusiness vbactivities. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vb Legal/Regulatory vbAICPA
vbFunctional: vb Measurement
2) Bookkeeping vbis vba vbmechanical vbpart vbof
vbaccounting. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vbLegal/Regulatory vbAICPA
vbFunctional: vb Measurement
3) Accounting vbis vboften vbcalled vbthe vblanguage
vbof vbbusiness. vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vbLegal/Regulatory vbAICPA
vbFunctional: vb Measurement
4) Accounting vbproduces vbfinancial vbstatements, vbwhich vbreport vbinformation
vbabout vba vbbusiness.vbAnswer: v b TRUE
Diff: vb1
LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp: v b Legal/Regulatory
AICPA vbFunctional: v b Measurement, vbReporting
5) The vbaccounting vbprocess vbbegins vband vbends vbwith vbpeople
vbmaking vbdecisions.vbAnswer: v b TRUE
Diff: vb1
, LO: v b 1-1
AACSB: v b Reflective vbThinking
AICPA vbBus vbPersp:
vb Legal/Regulatory vbAICPA
vbFunctional: vb Measurement
