Test Bank for Fundamentals Accounting Principles
25th Edition by John Wild
Chapter 1-26 Complete Version
,Chapter 01: p
Student name:
p
1) Whichpofpthepfollowingpispnotpaccomplishedpbypaccounting?
A) Identifiespbusinesspactivities.
B) Recordspbusinesspactivities.
C) Communicatespbusinesspactivities.
D) Eliminatespthepneedpforpinterpretingpfinancialpdata.
E) Helpsppeoplepmakepbetterpdecisions.
2) Whichpofpthepfollowingpispanpexternalpuserpofpaccountingpinformation?
A) Purchasingpmanager.
B) Humanpresourcepmanager.
C) Lender.
D) Chiefpexecutivepofficerp(CEO).
E) Marketingpmanager.
3) Thepprimarypobjectivepofpfinancialpaccountingpispto:
A) Servepthepdecision-makingpneedspofpinternalpusers.
B) Providepaccountingpinformationpthatpservespexternalpusers.
C) Monitorpconsumerpneeds,ptastes,pandppricepconcerns.
D) Providepinformationponpbothpthepcostspandpbenefitspofplookingpafterpproductspandps
ervices.
E) Knowpwhat,pwhen,pandphowpmuchpproductptopproduce.
,4) Thepareapofpaccountingpaimedpatpservingpthepdecision-makingpneedspofpinternalpuserspis:
A) Financialpaccounting.
B) Managerialpaccounting.
C) Externalpauditing.
D) SECpreporting.
E) Bookkeeping.
5) Whichpofpthepfollowingpisp p notpanpexternalpuserpofpaccountingpinformation?
A) Shareholders.
B) Customers.
C) Purchasingpmanagers.
D) Governmentpregulators.
E) Creditors.
6) WhichpofpthepfollowingpispnotptruepregardingpapCertifiedpPublicpAccountant?
A) Mustpmeetpeducationprequirements.
B) Mustppasspanpexamination.
C) Mustpexhibitpethicalpcharacter.
D) Mustpmeetpexperienceprequirements.
E) CannotpholdpanypcertificatepotherpthanpapCPA.
7) Whichpofpthepfollowingpfactorspispnotpapcomponentpofpthepfraudptriangle?
, A) Opportunity
B) Pressure
C) Rationalization
D) Allpofpthepaboveparepcomponentspofpthepfraudptriangle.
8) Whichpofpthepfollowingpispnotptruepregardingpethics:
A) Ethicsparepbeliefspthatpseparateprightpfrompwrong.
B) Goodpethicsparepgoodpbusiness.
C) Ethicspdopnotpaffectpthepoperationsporpoutcomepofpapcompany.
D) Accountantspfacepethicalpchoicespasptheyppreparepfinancialpreports.
E) Ethicsparepacceptedpstandardspofpgoodpandpbadpbehavior.
9) Apcorporationpis:
A) Apbusinessplegallypseparatepfrompitspowners.
B) ControlledpbypthepFASB.
C) Notpresponsiblepforpitspownpactspandpownpdebts.
D) Thepsamepaspaplimitedpliabilityppartnership.
E) Notpsubjectptopdoubleptaxation.
10) Thepgrouppthatpsetspinternationalppreferredpaccountingppracticespispcalledpthe:
A) AICPA.
B) IASB.
C) CAP.
D) SEC.
E) FASB.
25th Edition by John Wild
Chapter 1-26 Complete Version
,Chapter 01: p
Student name:
p
1) Whichpofpthepfollowingpispnotpaccomplishedpbypaccounting?
A) Identifiespbusinesspactivities.
B) Recordspbusinesspactivities.
C) Communicatespbusinesspactivities.
D) Eliminatespthepneedpforpinterpretingpfinancialpdata.
E) Helpsppeoplepmakepbetterpdecisions.
2) Whichpofpthepfollowingpispanpexternalpuserpofpaccountingpinformation?
A) Purchasingpmanager.
B) Humanpresourcepmanager.
C) Lender.
D) Chiefpexecutivepofficerp(CEO).
E) Marketingpmanager.
3) Thepprimarypobjectivepofpfinancialpaccountingpispto:
A) Servepthepdecision-makingpneedspofpinternalpusers.
B) Providepaccountingpinformationpthatpservespexternalpusers.
C) Monitorpconsumerpneeds,ptastes,pandppricepconcerns.
D) Providepinformationponpbothpthepcostspandpbenefitspofplookingpafterpproductspandps
ervices.
E) Knowpwhat,pwhen,pandphowpmuchpproductptopproduce.
,4) Thepareapofpaccountingpaimedpatpservingpthepdecision-makingpneedspofpinternalpuserspis:
A) Financialpaccounting.
B) Managerialpaccounting.
C) Externalpauditing.
D) SECpreporting.
E) Bookkeeping.
5) Whichpofpthepfollowingpisp p notpanpexternalpuserpofpaccountingpinformation?
A) Shareholders.
B) Customers.
C) Purchasingpmanagers.
D) Governmentpregulators.
E) Creditors.
6) WhichpofpthepfollowingpispnotptruepregardingpapCertifiedpPublicpAccountant?
A) Mustpmeetpeducationprequirements.
B) Mustppasspanpexamination.
C) Mustpexhibitpethicalpcharacter.
D) Mustpmeetpexperienceprequirements.
E) CannotpholdpanypcertificatepotherpthanpapCPA.
7) Whichpofpthepfollowingpfactorspispnotpapcomponentpofpthepfraudptriangle?
, A) Opportunity
B) Pressure
C) Rationalization
D) Allpofpthepaboveparepcomponentspofpthepfraudptriangle.
8) Whichpofpthepfollowingpispnotptruepregardingpethics:
A) Ethicsparepbeliefspthatpseparateprightpfrompwrong.
B) Goodpethicsparepgoodpbusiness.
C) Ethicspdopnotpaffectpthepoperationsporpoutcomepofpapcompany.
D) Accountantspfacepethicalpchoicespasptheyppreparepfinancialpreports.
E) Ethicsparepacceptedpstandardspofpgoodpandpbadpbehavior.
9) Apcorporationpis:
A) Apbusinessplegallypseparatepfrompitspowners.
B) ControlledpbypthepFASB.
C) Notpresponsiblepforpitspownpactspandpownpdebts.
D) Thepsamepaspaplimitedpliabilityppartnership.
E) Notpsubjectptopdoubleptaxation.
10) Thepgrouppthatpsetspinternationalppreferredpaccountingppracticespispcalledpthe:
A) AICPA.
B) IASB.
C) CAP.
D) SEC.
E) FASB.
