TEST BANK=
College Accounting Chapters 1-30, 16th Edition
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David Haddock, John Price, Michael Farina
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Version=1 1
, • TABLE OF CONTENTS = =
Ch. 1 Accounting: The Language of Business
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Ch. 2 Analyzing Business Transactions
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Ch. 3 Analyzing Business Transactions Using T Accounts
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Ch. 4 The General Journal and the General Ledger
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Ch. 5 Adjustments and the Worksheet
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Ch. 6 Closing Entries and the Postclosing Trial Balance
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Ch. 7 Accounting for Sales and Accounts Receivable
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Ch. 8 Accounting for Purchases and Accounts Payable
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Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
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Ch. 10 Payroll Computations, Records, and Payment
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Ch. 11 Payroll Taxes, Deposits, and Reports
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Ch. 12 Accruals, Deferrals, and the Worksheet
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Ch. 13 Financial Statements and Closing Procedure
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Ch. 14 Accounting Principles and Reporting Standards
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Ch. 15 Accounts Receivable and Uncollectible Accounts
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Ch. 16 Notes Payable and Notes Receivable
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Version=1 2
,Ch. 17 Merchandise Inventory
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Ch. 18 Property, Plant, and Equipment
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Ch. 19 Accounting for Partnerships
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Ch. 20 Corporations: Formation and Capital Stock Transactions
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Ch. 21 Corporate Earnings and Capital Transactions
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Ch. 22 Long-Term Bonds
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Ch. 23 Financial Statement Analysis
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Ch. 24 The Statement of Cash Flows
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Ch. 25 Departmentalized Profit and Cost Centers
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Ch. 26 Accounting for Manufacturing Activities
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Ch. 27 Job Order Cost Accounting
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Ch. 28 Process Cost Accounting
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Ch. 29 Controlling Manufacturing Costs: Standard Costs
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Ch. 30 Cost-Revenue Analysis for Decision Making
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Version=1 3
, Answers are at the end of each Chapter
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Chapter 1 Accounting: The Language of Business
= = = = = =
Student name:_
= =
1) What= is=the=“language=of=business?”=List=three=groups=who=use=this=financial=information.
Question=Details
Difficulty=:= 1=Easy
Learning=Objective=:=01-
01=Define=accounting.=Topic=:=What=is=Accounti
ng?
Bloom's=:=Remember
AACSB=:=Analytical=Thinking=AI
CPA=:=BB=Industry
AICPA=:=FN=Decision= Making=Accessi
bility=:=Keyboard=Navigation=Type=:=S
tatic
Learning=Objective=:=01-
03=Identify=the=users=of=financial=information.=Gradable=:=manual
Accessibility=:=Screen=Reader=Compatible
2) Cullen=Company=of=country=X=and=Shaw=Industries=of=country=Y=have=issued=financial=stat
ements=in=compliance=with=the=accounting=principles=of=their=respective=countries.=They=would=li
ke=to=work=together=on=a=project=and=need=to=compare=their=current=financial=statements=prior=t
o=starting=the=project.=However,=the=accounting=principles=of=the=two=countries=differ.=What=orga
nization=might=they=turn=to=regarding=this=issue?=(Give=both=the=full=name=of=the=organization=and
= its=acronym.)=What= is=the= function=of=this=organization?
Version=1 4
College Accounting Chapters 1-30, 16th Edition
= = = = =
David Haddock, John Price, Michael Farina
= = = = =
Version=1 1
, • TABLE OF CONTENTS = =
Ch. 1 Accounting: The Language of Business
= = = = = =
Ch. 2 Analyzing Business Transactions
= = = =
Ch. 3 Analyzing Business Transactions Using T Accounts
= = = = = = =
Ch. 4 The General Journal and the General Ledger
= = = = = = = =
Ch. 5 Adjustments and the Worksheet
= = = = =
Ch. 6 Closing Entries and the Postclosing Trial Balance
= = = = = = = =
Ch. 7 Accounting for Sales and Accounts Receivable
= = = = = = =
Ch. 8 Accounting for Purchases and Accounts Payable
= = = = = = =
Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
= = = = = = = =
Ch. 10 Payroll Computations, Records, and Payment
= = = = = =
Ch. 11 Payroll Taxes, Deposits, and Reports
= = = = = =
Ch. 12 Accruals, Deferrals, and the Worksheet
= = = = = =
Ch. 13 Financial Statements and Closing Procedure
= = = = = =
Ch. 14 Accounting Principles and Reporting Standards
= = = = = =
Ch. 15 Accounts Receivable and Uncollectible Accounts
= = = = = =
Ch. 16 Notes Payable and Notes Receivable
= = = = = =
Version=1 2
,Ch. 17 Merchandise Inventory
= = =
Ch. 18 Property, Plant, and Equipment
= = = = =
Ch. 19 Accounting for Partnerships
= = = =
Ch. 20 Corporations: Formation and Capital Stock Transactions
= = = = = = =
Ch. 21 Corporate Earnings and Capital Transactions
= = = = = =
Ch. 22 Long-Term Bonds
= = =
Ch. 23 Financial Statement Analysis
= = = =
Ch. 24 The Statement of Cash Flows
= = = = = =
Ch. 25 Departmentalized Profit and Cost Centers
= = = = = =
Ch. 26 Accounting for Manufacturing Activities
= = = = =
Ch. 27 Job Order Cost Accounting
= = = = =
Ch. 28 Process Cost Accounting
= = = =
Ch. 29 Controlling Manufacturing Costs: Standard Costs
= = = = = =
Ch. 30 Cost-Revenue Analysis for Decision Making
= = = = = =
Version=1 3
, Answers are at the end of each Chapter
= = = = = = =
Chapter 1 Accounting: The Language of Business
= = = = = =
Student name:_
= =
1) What= is=the=“language=of=business?”=List=three=groups=who=use=this=financial=information.
Question=Details
Difficulty=:= 1=Easy
Learning=Objective=:=01-
01=Define=accounting.=Topic=:=What=is=Accounti
ng?
Bloom's=:=Remember
AACSB=:=Analytical=Thinking=AI
CPA=:=BB=Industry
AICPA=:=FN=Decision= Making=Accessi
bility=:=Keyboard=Navigation=Type=:=S
tatic
Learning=Objective=:=01-
03=Identify=the=users=of=financial=information.=Gradable=:=manual
Accessibility=:=Screen=Reader=Compatible
2) Cullen=Company=of=country=X=and=Shaw=Industries=of=country=Y=have=issued=financial=stat
ements=in=compliance=with=the=accounting=principles=of=their=respective=countries.=They=would=li
ke=to=work=together=on=a=project=and=need=to=compare=their=current=financial=statements=prior=t
o=starting=the=project.=However,=the=accounting=principles=of=the=two=countries=differ.=What=orga
nization=might=they=turn=to=regarding=this=issue?=(Give=both=the=full=name=of=the=organization=and
= its=acronym.)=What= is=the= function=of=this=organization?
Version=1 4
