FULL TEST BANK For Survey of Accounting 10th Edition by Carl Warren latest Update Graded A+

Created By: A Solution




FULL TEST BANK
For Survey of Accounting 10th Edition
by Carl Warren latest Update Graded A+
PRINTEND PDF|ORIGINAL DIRECT FROM PUBLISHER|100%
VERIFIED ANSWERS|DOWLOAD IMMEDIATELY AFTER THE ORDER

10TH EDITION




Complete Test Bank, All Chapter Are Included
For More Documents Search (Testbankproferssor.Stuvia)
A+ Page 1

,Created By: A Solution




Test Bank For Survey Of Accounting 10th Edition By Carl
Warren, Amanda
indicate whether the statement is true or false.




1. The Popularity Of The Sole Proprietorship Is Due To The Ease And Low Cost Of
Organizing.
a. True
b. False
Answer: True
2. A Corporation Is A Business That Is Legally Separate And Distinct From Its Owners.
a. True
b. False


Answer: True
3. Merchandising Businesses Produce Products Rather Than Provide Services To
Customers.
a. True
b. False


Answer: False
4. A Partnership Is Owned By Two Or More Individuals.
a. True
b. False


Answer: True
5. A Limited Liability Company Combines Attributes Of A Partnership And A

A+ Page 2

,Created By: A Solution

Corporation.
a. True
b. False




A+ Page 3

, Created By: A Solution



Answer: True
6. The Ownership Of A Proprietorship Is Divided Into Shares Of Stock Owned
By Its Stockholders.
a. True
b. False


Answer: False
7. Accounting Is Often Called The "Language Of Business" Because Business
Information Is Communicated To Stakeholders.
a. True
b. False
Answer: True


8. John Deere Is A Leading Manufacturer Of Agricultural Machinery In The World,
Producing Products That Serve Unique Market Needs. Therefore, John Deere Is An Example
Of A Company That Uses A Premium-Price Approach To Attract Customers.
a. True
b. False


Answer: True
9. Creditors Have Preference To Assets Behind Stockholders If A Business Fails.
a. True
b. False


Answer: False
10. A Liability Is A Legal Obligation To Repay The Amount Borrowed According To
The Terms Of The Borrowing Agreement.
a. True




A+ Page 4