Test Bank for Financial Accounting Information for Decisions 10th Edition by Wild

,Financial Accounting Information for Decisions 10th Edition by t t t t t t t




Wild CH01
t t




ANSWERS ARE LOCATED AT THE END OF THIS DOCUMENT t t t t t t t t




FILL IN THE BLANK. Write the word or phrase that best completes
t t t t t t t t t t t



each statement oranswers the question.
t t t t t t


1) is an information and measurement system that t t t t t t



identifies, recordsand communicates an organization’s business activities.
t t t t t t t




1) t




Question Details
AACSB : t


Communication Bloom's t


: Remember AICPA :
t t t


BB Industry AICPA :t t t


FN Reporting t


Difficulty : 1
t t t


Easy
t


Topic : Importance of Accounting
t t t t


Learning Objective : 01-C1 Explain the importance of accounting and
t t t t t t t t t


identify its users. Accessibility : Keyboard Navigation
t t t t t t t


Accessibility : Screen Reader t t t


Compatible Type : Static
t t t t




2) A is a business that is owned by only one t t t t t t t t



person and hasunlimited liability.
t t t t




2)


Question Details
AACSB : t


Communication Bloom's t


: Remember AICPA :
t t t


BB Legal Difficulty :
t t t


1 Easy t


Learning Objective : 01-C2 Describe the importance of ethics
t t t t t t t t


and GAAP. AICPA : FN Decision Making
t t t t t t t


Topic : Generally Accepted Accounting
t t t t


Principles Accessibility : Keyboard
t t t t


tNavigation Accessibility : Screen Reader t t t t


Compatible Type : Static t t t




3) users of accounting information do not directly run t t t t t t t



an organization andhave limited access to its accounting information.
t t t t t t t t t




Version 1
mynursytest.store

,Financial Accounting Information for Decisions 10th Edition by
t t t t t t t




Wild CH01
t t




3)




Version 2
mynursytest.store

, Financial Accounting Information for Decisions 10th Edition by t t t t t t t




Wild CH01
t t




Question Details
AACSB : t


Communication Bloom's t


: Remember AICPA :
t t t


BB Industry AICPA :
t t t


FN Reporting
t


Difficulty : 1
t t t


Easy
t


Topic : Users of Accounting Information
t t t t t


Learning Objective : 01-C1 Explain the importance of accounting and
t t t t t t t t t


identify its users. Accessibility : Keyboard Navigation
t t t t t t t


Accessibility : Screen Reader t t t


Compatible Type : Static
t t t t




4) is the area of accounting that focuses on the needs of t t t t t t t t t t



external users byproviding them with general-purpose financial statements.
t t t t t t t t




4)


Question Details
AACSB : t


Communication Bloom's t


: Remember AICPA :
t t t


BB Industry AICPA :
t t t


FN Reporting
t


Difficulty : 1
t t t


Easy
t


Topic : Users of Accounting Information
t t t t t


Learning Objective : 01-C1 Explain the importance of accounting and
t t t t t t t t t


identify its users. Accessibility : Keyboard Navigation
t t t t t t t


Accessibility : Screen Reader t t t


Compatible Type : Static
t t t t




5) are procedures to protect assets, ensure t t t t t



reliable accounting,promote efficiency, and uphold company policies.
t t t t t t t t




5)




Version 3
mynursytest.store