Test Bank
Intermediate Accounting,
By David Spiceland, Mark Nelson,
11th Edition
Version 1 1
,Table Of Contents
Section 1: The Role Of Accounting As An Information System
Chapter 1: Environment And Theoretical Structure Of Financial Accounting
Chapter 2: Review Of The Accounting Process
Chapter 3: The Balance Sheet And Financial Disclosures
Chapter 4: The Income Statement, Comprehensive Income, And The Statement Of Cash Flows
Chapter 5: Time Value Of Money Concepts
Chapter 6: Revenue Recognition
Section 2: Assets
Chapter 7: Cash And Receivables
Chapter 8: Inventories: Measurement
Chapter 9: Inventories: Additional Issues
Chapter 10: Property, Plant, And Equipment And Intangible Assets: Acquisition
Chapter 11: Property, Plant, And Equipment And Intangible Assets: Utilization And Disposition
Chapter 12: Investments
Section 3: Liabilities And Shareholders’ Equity
Chapter 13: Current Liabilities And Contingencies
Chapter 14: Bonds And Long-Term Notes
Chapter 15: Leases
Chapter 16: Accounting For Income Taxes
Chapter 17: Pensions And Other Postretirement Benefits
Chapter 18: Shareholders’ Equity
Section 4: Additional Financial Reporting Issues
Chapter 19: Share-Based Compensation And Earnings Per Share
Chapter 20: Accounting Changes And Error Corrections
Chapter 21: The Statement Of Cash Flows Revisited
Version 1 2
,Full Test Bank For
Intermediate Accounting, 11th Edition
Answer Key
Test Name: Chapter 11)
Ter Phrase Term Number
m That Matches
The Phrase.
1. Predictive Value Information Is Useful 1
In Projecting Cash
Flows.
2. Relevance Pertinent To The Decision At 2
Hand.
3. Distribution To Information Is Available 5
Owners Prior
To The Decision.
4. Confirmatory Decrease In Equity Due 3
Value To Transfers To Owners.
5. Timeliness Information Confirms 4
Expectations.
2)
Ter Phras Term Number
m e That Matches
The Phrase.
1. Gain Along With Relevance, A 5
Fundamental Decision-
Specific Quality.
2. Materiality Results If An Asset Is Sold 1
For
More Than Book Value.
3. Completeness Contains All 3
Information Necessary
For Faithful
Representation.
4. Comprehensive The Change In Equity From 4
Income Nonowner Transactions.
Version 1 3
, 5. Faithful Concerns The Decision-Making 2
Representati Impact Of Both The Amount
on And Nature Of An Item.
3)
Term Phras Term Number
e That
Matches The
Phrase.
1. Neutrality Important In Analysis 2
Between Firms.
2. Comparability Accounting Information Should 1
Be Unbiased.
3. Consistency The Decision To Include An 5
Amount In The
Financial Statements.
4. Cost- Applying The Same Accounting 3
Effectiveness Practices Over Time.
5. Recognition Considers The Value Of Using 4
Information Relative To Cost
Of Providing It.
4)
Term Phras Term Number
e That Matches
The Phrase.
1. Monetary Implies Consensus 2
Unit Assumption Among Different
Observers.
2. Verifiability Assumes All Transactions Can 3
Be Identified With A
Particular
Entity.
3. Economic Entity Assumes An Entity Will 4
Assumption Continue To Operate
Indefinitely.
4. Going Requires Reporting The 5
Concern Financial Life Of An Entity
Assumption In Discrete Time Frames.
5. Periodicity Ignores The Possibility 1
Assumption Of Inflation.
5)
Version 1 4
Intermediate Accounting,
By David Spiceland, Mark Nelson,
11th Edition
Version 1 1
,Table Of Contents
Section 1: The Role Of Accounting As An Information System
Chapter 1: Environment And Theoretical Structure Of Financial Accounting
Chapter 2: Review Of The Accounting Process
Chapter 3: The Balance Sheet And Financial Disclosures
Chapter 4: The Income Statement, Comprehensive Income, And The Statement Of Cash Flows
Chapter 5: Time Value Of Money Concepts
Chapter 6: Revenue Recognition
Section 2: Assets
Chapter 7: Cash And Receivables
Chapter 8: Inventories: Measurement
Chapter 9: Inventories: Additional Issues
Chapter 10: Property, Plant, And Equipment And Intangible Assets: Acquisition
Chapter 11: Property, Plant, And Equipment And Intangible Assets: Utilization And Disposition
Chapter 12: Investments
Section 3: Liabilities And Shareholders’ Equity
Chapter 13: Current Liabilities And Contingencies
Chapter 14: Bonds And Long-Term Notes
Chapter 15: Leases
Chapter 16: Accounting For Income Taxes
Chapter 17: Pensions And Other Postretirement Benefits
Chapter 18: Shareholders’ Equity
Section 4: Additional Financial Reporting Issues
Chapter 19: Share-Based Compensation And Earnings Per Share
Chapter 20: Accounting Changes And Error Corrections
Chapter 21: The Statement Of Cash Flows Revisited
Version 1 2
,Full Test Bank For
Intermediate Accounting, 11th Edition
Answer Key
Test Name: Chapter 11)
Ter Phrase Term Number
m That Matches
The Phrase.
1. Predictive Value Information Is Useful 1
In Projecting Cash
Flows.
2. Relevance Pertinent To The Decision At 2
Hand.
3. Distribution To Information Is Available 5
Owners Prior
To The Decision.
4. Confirmatory Decrease In Equity Due 3
Value To Transfers To Owners.
5. Timeliness Information Confirms 4
Expectations.
2)
Ter Phras Term Number
m e That Matches
The Phrase.
1. Gain Along With Relevance, A 5
Fundamental Decision-
Specific Quality.
2. Materiality Results If An Asset Is Sold 1
For
More Than Book Value.
3. Completeness Contains All 3
Information Necessary
For Faithful
Representation.
4. Comprehensive The Change In Equity From 4
Income Nonowner Transactions.
Version 1 3
, 5. Faithful Concerns The Decision-Making 2
Representati Impact Of Both The Amount
on And Nature Of An Item.
3)
Term Phras Term Number
e That
Matches The
Phrase.
1. Neutrality Important In Analysis 2
Between Firms.
2. Comparability Accounting Information Should 1
Be Unbiased.
3. Consistency The Decision To Include An 5
Amount In The
Financial Statements.
4. Cost- Applying The Same Accounting 3
Effectiveness Practices Over Time.
5. Recognition Considers The Value Of Using 4
Information Relative To Cost
Of Providing It.
4)
Term Phras Term Number
e That Matches
The Phrase.
1. Monetary Implies Consensus 2
Unit Assumption Among Different
Observers.
2. Verifiability Assumes All Transactions Can 3
Be Identified With A
Particular
Entity.
3. Economic Entity Assumes An Entity Will 4
Assumption Continue To Operate
Indefinitely.
4. Going Requires Reporting The 5
Concern Financial Life Of An Entity
Assumption In Discrete Time Frames.
5. Periodicity Ignores The Possibility 1
Assumption Of Inflation.
5)
Version 1 4
