Test Bank
For Financial And Managerial Accounting 9th Edition Wild All Chapters
Complete With Latest Update
1
WICKYAPLUS
SSTUVIA
,CORRECT ANSWERS ARE LOCATED AT THE SECOND PART OF THIS
x x x x x x x x x
DOCUMENT
x
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
x x x x x x x x x x x x x x x
1) Accounting is an information and measurement system that identifies, records, and
x x x x x x x x x x
communicates an organization's business activities.
x x x x x
1) x
⊚ true
⊚ false
Question Details
x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
Topic : Importance of Accounting
x x x x x
2) Accounting includes the analysis and interpretation of information.
x x x x x x x
2) x
⊚ true
⊚ false
Question Details
x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
Topic : Importance of Accounting
x x x x x
2
WICKYAPLUS
SSTUVIA
,3) Financial accounting focuses on the needs of external users, who get accounting
x x x x x x x x x x x
information from general-purpose financial statements.
x x x x x
3) x
⊚ true
⊚ false
Question Detailsx
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy
x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
4) Internal users of accounting information do not directly manage the organization and
x x x x x x x x x x x
have limited access to its accounting information.
x x x x x x x
4) x
⊚ true
⊚ false
Question Detailsx
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy
x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
5) Auditors verify the effectiveness of internal controls.
x x x x x x
5) x
⊚ true
⊚ false
3
WICKYAPLUS
SSTUVIA
, Question Details x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Topic : Ethics
x x x
Learning Objective : 01-C2 Describe the importance of ethics and GAAP.
x x x x x x x x x x
6) External auditors examine financial statements to verify that they are prepared according
x x x x x x x x x x x
to generally accepted accounting principles.
x x x x x
6) x
⊚ true
⊚ false
Question Details x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
7) External users include lenders, shareholders, customers, and regulators.
x x x x x x x
7) x
⊚ true
⊚ false
4
WICKYAPLUS
SSTUVIA
For Financial And Managerial Accounting 9th Edition Wild All Chapters
Complete With Latest Update
1
WICKYAPLUS
SSTUVIA
,CORRECT ANSWERS ARE LOCATED AT THE SECOND PART OF THIS
x x x x x x x x x
DOCUMENT
x
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
x x x x x x x x x x x x x x x
1) Accounting is an information and measurement system that identifies, records, and
x x x x x x x x x x
communicates an organization's business activities.
x x x x x
1) x
⊚ true
⊚ false
Question Details
x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
Topic : Importance of Accounting
x x x x x
2) Accounting includes the analysis and interpretation of information.
x x x x x x x
2) x
⊚ true
⊚ false
Question Details
x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
Topic : Importance of Accounting
x x x x x
2
WICKYAPLUS
SSTUVIA
,3) Financial accounting focuses on the needs of external users, who get accounting
x x x x x x x x x x x
information from general-purpose financial statements.
x x x x x
3) x
⊚ true
⊚ false
Question Detailsx
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy
x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
4) Internal users of accounting information do not directly manage the organization and
x x x x x x x x x x x
have limited access to its accounting information.
x x x x x x x
4) x
⊚ true
⊚ false
Question Detailsx
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy
x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
5) Auditors verify the effectiveness of internal controls.
x x x x x x
5) x
⊚ true
⊚ false
3
WICKYAPLUS
SSTUVIA
, Question Details x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Bloom's : Remember
x x
Difficulty : 1 Easy
x x x x
AICPA : FN Decision Making
x x x x
Topic : Ethics
x x x
Learning Objective : 01-C2 Describe the importance of ethics and GAAP.
x x x x x x x x x x
6) External auditors examine financial statements to verify that they are prepared according
x x x x x x x x x x x
to generally accepted accounting principles.
x x x x x
6) x
⊚ true
⊚ false
Question Details x
AACSB : Communication
x x
Accessibility : Keyboard Navigation
x x x x
Type : Static
x x x
Accessibility : Screen Reader Compatible
x x x x
AICPA : BB Industry
x x x x
Topic : Users of Accounting Information
x x x x x
Bloom's : Remember
x x x
Difficulty : 1 Easy x x x
AICPA : FN Decision Making
x x x x
Learning Objective : 01-C1 Explain the importance of accounting and identify its users.
x x x x x x x x x x x x
7) External users include lenders, shareholders, customers, and regulators.
x x x x x x x
7) x
⊚ true
⊚ false
4
WICKYAPLUS
SSTUVIA
