,DOWNLOAD THE Test Bank for Financial and Managerial Accounting 8th Editi
J J J J J J J J J J
on Wild J
FinancialJandJManagerialJAccounting,J8eJ(Wild)JCh
apterJ2 AccountingJforJBusinessJTransactions
1) BusinessJtransactionsJandJeventsJareJtheJstartingJpointsJofJfinancialJstatements.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
2) PreparationJofJaJtrialJbalanceJisJtheJfirstJstepJinJprocessingJaJfinancialJtransaction.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
3) SourceJdocumentsJidentifyJandJdescribeJtransactionsJandJeventsJenteringJtheJaccountingJpr
ocess.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
1
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Financial and Managerial Accounting 8th Editi
J J J J J J J J J J
on Wild J
4) ItemsJsuchJasJsalesJreceipts,JbankJstatements,Jchecks,JandJpurchaseJordersJareJexamplesJofJaJbu
siness'sJsourceJdocuments.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
5) AnJaccountJisJaJrecordJofJincreasesJandJdecreasesJinJaJspecificJasset,Jliability,Jequity,Jrevenue,JorJ
expenseJitem.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
6) AJcustomer'sJpromiseJtoJpayJonJcreditJisJclassifiedJasJanJaccountJpayableJbyJtheJseller.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
7) DividendsJareJsubtractedJonJtheJincomeJstatementJasJaJbusinessJexpense.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
2
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Financial and Managerial Accounting 8th Editi
J J J J J J J J J J
on Wild J
8) TheJpurchaseJofJlandJandJbuildingsJwillJgenerallyJbeJrecordedJinJtheJsameJledgerJaccount.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
9) UnearnedJrevenuesJareJclassifiedJasJliabilities.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
10) CashJdividendsJpaidJtoJstockholdersJareJnotJreportedJonJtheJincomeJstatement.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
11) WhenJaJcompanyJprovidesJservicesJforJwhichJcashJwillJnotJbeJreceivedJuntilJsomeJfutureJdat
e,JtheJcompanyJshouldJrecordJtheJamountJbilledJasJaccountsJreceivable.
Answer:J TRUEJDiffi
culty:J2JMedium
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Understand
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
3
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
mynursytest.store
J J J J J J J J J J
on Wild J
FinancialJandJManagerialJAccounting,J8eJ(Wild)JCh
apterJ2 AccountingJforJBusinessJTransactions
1) BusinessJtransactionsJandJeventsJareJtheJstartingJpointsJofJfinancialJstatements.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
2) PreparationJofJaJtrialJbalanceJisJtheJfirstJstepJinJprocessingJaJfinancialJtransaction.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
3) SourceJdocumentsJidentifyJandJdescribeJtransactionsJandJeventsJenteringJtheJaccountingJpr
ocess.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
1
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Financial and Managerial Accounting 8th Editi
J J J J J J J J J J
on Wild J
4) ItemsJsuchJasJsalesJreceipts,JbankJstatements,Jchecks,JandJpurchaseJordersJareJexamplesJofJaJbu
siness'sJsourceJdocuments.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J AnalyzingJandJRecordingJProcess
LearningJObjective:J 02-
C1JExplainJtheJstepsJinJprocessingJtransactionsJandJtheJroleJofJsourceJdocuments.
Bloom's:J J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
5) AnJaccountJisJaJrecordJofJincreasesJandJdecreasesJinJaJspecificJasset,Jliability,Jequity,Jrevenue,JorJ
expenseJitem.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
6) AJcustomer'sJpromiseJtoJpayJonJcreditJisJclassifiedJasJanJaccountJpayableJbyJtheJseller.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
7) DividendsJareJsubtractedJonJtheJincomeJstatementJasJaJbusinessJexpense.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
2
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Financial and Managerial Accounting 8th Editi
J J J J J J J J J J
on Wild J
8) TheJpurchaseJofJlandJandJbuildingsJwillJgenerallyJbeJrecordedJinJtheJsameJledgerJaccount.
Answer:J FALSEJDif
ficulty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
9) UnearnedJrevenuesJareJclassifiedJasJliabilities.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
10) CashJdividendsJpaidJtoJstockholdersJareJnotJreportedJonJtheJincomeJstatement.
Answer:J TRUEJDiffi
culty:J1JEasy
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Remember
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
11) WhenJaJcompanyJprovidesJservicesJforJwhichJcashJwillJnotJbeJreceivedJuntilJsomeJfutureJdat
e,JtheJcompanyJshouldJrecordJtheJamountJbilledJasJaccountsJreceivable.
Answer:J TRUEJDiffi
culty:J2JMedium
Topic:J J TheJAccountJandJItsJAnalysis
LearningJObjective:J 02-
C2JDescribeJanJaccountJandJitsJuseJinJrecordingJtransactions.JBloom's:J Understand
AACSB/Accessibility:J Communication/KeyboardJNavigationJAICPA
:J BBJIndustry;JFNJDecisionJMaking
3
CopyrightJ©J2019JMcGraw-HillJEducation.JAllJrightsJreserved.
NoJreproductionJorJdistributionJwithoutJtheJpriorJwrittenJonsentJofJMcGraw-HillJEducation.
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