Full Test Bank For
Intermediate Accounting, 11th Edition
Answer Key z
Test name: chapter 1
z z z
z 1)
TERM PHRASE Term number z
z that matches z
z the phrase.
z
1. Predictive value z Information is useful in z z z 1
projecting cash flows. z z
2. Relevance Pertinent to the decision atz z z z 2
hand.
3. Distribution to z Information is available prior z z z 5
owners
z to the decision.
z z
4. Confirmatory Decrease in equity due to
z z z z 3
value
z transfers to owners. z z
5. Timeliness Information confirms z 4
expectations.
2)
TERM PHRASE Term number z
z that matches z
z the phrase.
z
1. Gain Along with relevance, a
z z z 5
fundamental decision-specific z
quality.
z
2. Materiality Results if an asset is sold for
z z z z z z 1
more than book value.
z z z
3. Completeness Contains all informationz z 3
necessary for faithful z z
representation.
z
4. Comprehensive The change in equity from
z z z z 4
income
z nonowner transactions. z
Version 1 1
Intermediate Accounting, 11th Edition
Answer Key z
Test name: chapter 1
z z z
z 1)
TERM PHRASE Term number z
z that matches z
z the phrase.
z
1. Predictive value z Information is useful in z z z 1
projecting cash flows. z z
2. Relevance Pertinent to the decision atz z z z 2
hand.
3. Distribution to z Information is available prior z z z 5
owners
z to the decision.
z z
4. Confirmatory Decrease in equity due to
z z z z 3
value
z transfers to owners. z z
5. Timeliness Information confirms z 4
expectations.
2)
TERM PHRASE Term number z
z that matches z
z the phrase.
z
1. Gain Along with relevance, a
z z z 5
fundamental decision-specific z
quality.
z
2. Materiality Results if an asset is sold for
z z z z z z 1
more than book value.
z z z
3. Completeness Contains all informationz z 3
necessary for faithful z z
representation.
z
4. Comprehensive The change in equity from
z z z z 4
income
z nonowner transactions. z
Version 1 1
