Test Bank – Financial Accounting: Tools for Business Decision Making, 9th Canadian Edition – Paul D. Kimmel, Jerry J. Weygandt, & Jill E. Mitchell – ISBN 9781119877943 (Full Chapters Covered, Chapters 1–14)

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Financial Accounting: Tools for
Business Decision Making, 9th
ST

Canadian Edition
UV


TEST BANK
IA
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Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
AP

Comprehensive Test Bank for Instructors
PR

and Students
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9781119877943
ED

© Paul D. Kimmel, Jerry J. Weygandt & Jill E. Mitchell. All
rights reserved. Reproduction or distribution without
permission is prohibited.
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© MEDGEEK

, TABLE OF CONTENTS

Test Bank – Financial Accounting: Tools for Business Decision Making (9th Canadian
Edition)
Authors: Paul D. Kimmel, Jerry J. Weygandt, and Jill E. Mitchell
ST
ISBN: 9781119877943

PART I: THE ACCOUNTING CYCLE AND FOUNDATIONS
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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
IA

PART II: OPERATING ASSETS AND CONTROLS
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Chapter 5: Merchandising Operations
Chapter 6: Reporting and Analyzing Inventory
Chapter 7: Internal Control and Cash
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Chapter 8: Reporting and Analyzing Receivables

PART III: LONG-TERM ASSETS, LIABILITIES, AND EQUITY

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
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PART IV: INVESTMENTS, CASH FLOWS, AND PERFORMANCE

Chapter 12: Reporting and Analyzing Investments
Chapter 13: Statement of Cash Flows
Chapter 14: Performance Measurement
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, 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
ST
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
3. 1 E C F AN 15. 2 M K F AN 27. 4 E K F AN
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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
9. 1 M C F AN 21. 3 M K F AN 33. 4 M C F AN
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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
AP
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
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
PR
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
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
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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
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
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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
60. 3 E K F AN 86. 4 E K F AN
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LOD: E = Easy M = Medium H = Hard
Bloom’s: AP = Application C = Comprehension K = Knowledge
CPA: F = Financial Reporting
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
Exercises
ST
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
115. 2 M C F AN 126. 4 M AP F AN 137. 4 E AP F AN
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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
IA
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
AP
Objective Format Questions
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
PR
LOD: E = Easy M = Medium H = Hard
Bloom’s: AN = Analysis AP = Application C = Comprehension K = Knowledge
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