Solution manual for Horngren’s accounting the financial chapters 13th edition by Tracie miller nobles and Brenda Mattison All Chapters 1-17 Covered

Solution manual
Horngren’s accounting the financial chapters
13th edition by Tracie miller nobles and Brenda Mattison
All Chapters 1-17 Covered




©Q2021QPearsonQEducation,QInc. 1-1

,Q TABLE OF CONTENT
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1. Accounting and the Business Environment
Q Q Q Q



2. Recording Business Transactions
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3. The Adjusting Process
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4. Completing the Accounting Cycle
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5. Merchandising Operations Q



6. Merchandise Inventory Q



7. Accounting Information Systems
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8. Internal Control and Cash
Q Q Q



9. Receivables
10. Plant Assets, Natural Resources, and Intangibles
Q Q Q Q Q



11. Current Liabilities and Payroll
Q Q Q



12. Partnerships
13. Corporations
14. Long-Term Liabilities Q



15. Investments
16. The Statement of Cash Flows
Q Q Q Q



17. Financial Statement Analysis
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©Q2021QPearsonQEducation,QInc. 1-2

,Horngren's Accounting The Financial Chapters, 13t
Q Q Q Q Q



h edition Nobles
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Chapter 1-17 Q




Chapter 1 Q



Accounting and the Business Environment
Q Q Q Q




Review Questions
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1. AccountingQisQtheQinformationQsystemQthatQmeasuresQbusinessQactivities,QprocessesQtheQinformat
ionQ intoQreports,QandQcommunicatesQtheQresultsQtoQdecisionQmakers.QAccountingQisQtheQlanguage
QofQ business.




2. FinancialQaccountingQprovidesQinformationQforQexternalQdecisionQmakers,QsuchQasQoutsideQinvestor
s,Q lenders,Qcustomers,QandQtheQfederalQgovernment.QQManagerialQaccountingQfocusesQonQinformati
onQforQ internalQdecisionQmakers,QsuchQasQtheQcompany’sQmanagersQandQemployees.

3. IndividualsQuseQaccountingQinformationQtoQhelpQthemQmanageQtheirQmoney,QevaluateQaQnewQjob,Qan
dQ betterQdecideQwhetherQtheyQcanQaffordQtoQmakeQaQnewQpurchase.QQBusinessQownersQuseQaccoun
tingQ informationQtoQsetQgoals,QmeasureQprogressQtowardQthoseQgoals,QandQmakeQadjustmentsQwhe
nQneeded.Q InvestorsQuseQaccountingQinformationQtoQhelpQthemQdecideQwhetherQorQnotQaQcompanyQ
isQaQgoodQ investmentQandQonceQtheyQhaveQinvested,QtheyQuseQaQcompany’sQfinancialQstatementsQt
oQanalyzeQhowQ theirQinvestmentQisQperforming.QQCreditorsQuseQaccountingQinformationQtoQdecideQw
hetherQtoQlendQ moneyQtoQaQbusinessQandQtoQevaluateQaQcompany’sQabilityQtoQmakeQtheQloanQpaym
ents.Q TaxingQ authoritiesQuseQaccountingQinformationQtoQcalculateQtheQamountQofQincomeQtaxQthatQ
aQcompanyQhasQtoQ pay.

4. CertifiedQPublicQAccountantsQ(CPAs)QareQlicensedQprofessionalQaccountantsQwhoQserveQtheQgeneral
Q public.QQTheyQworkQforQpublicQaccountingQfirms,Qbusinesses,Qgovernment,QorQeducationalQinstitutio

ns.Q AQCharteredQGlobalQManagementQAccountantQ(CGMA)QisQanQaccountantQwhoQhasQadvancedQ k
nowledgeQinQfinance,Qoperations,Qstrategy,QandQmanagement.QCertifiedQManagementQAccountants
Q (CMAs)QspecializeQinQaccountingQandQfinancialQmanagementQknowledge.QQTheyQworkQforQaQsingleQ


©Q2021QPearsonQEducation,QInc. 1-3

, company.QCertifiedQFinancialQPlannersQ(CFPs)QworkQwithQindividualsQtoQhelpQthemQbudget,QplanQfor
Q retirement,QsaveQforQeducation,QandQmanageQtheirQfinances.




5. TheQFASBQoverseesQtheQcreationQandQgovernanceQofQaccountingQstandards.QQTheyQworkQwi
thQ governmentalQregulatoryQagencies,QcongressionallyQcreatedQgroups,QandQprivateQgroups
.

6. TheQguidelinesQforQaccountingQinformationQareQcalledQGAAP.QQItQisQtheQmainQU.S.QaccountingQrule
Q bookQandQisQcurrentlyQcreatedQandQgovernedQbyQtheQFASB.QQInvestorsQandQlendersQmustQhaveQ i

nformationQthatQisQrelevantQandQhasQfaithfulQrepresentationQinQorderQtoQmakeQdecisionsQandQGAA
PQ providesQtheQframeworkQforQthisQfinancialQreporting.




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