Warren/Jones' Corporate Financial Accounting, 16th Edition TEST BANK Complete Chapters 1 - 14, Verified Latest Version

TEST BANK
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Corporate Financial Accounting, 16th Edition
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by Carl S. Warren Jeff Jones, All Chapters 1 - 14, Complete
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, Chapter 1:Introduction to Accounting and Business
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Chapter 2:Analyzing Transactions
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Chapter 3:The Adjusting Process
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Chapter 4:The Accounting Cycle
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Chapter 5:Accounting for Retail Businesses
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Chapter 6:Inventories
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Chapter 7:Internal Control and Cash
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Chapter 8:Receivables
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Chapter 9:Long-Term Assets: Fixed and Intangible
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Chapter 10:Liabilities: Current, Installment Notes, and Contingencies
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Chapter 11:Liabilities: Bonds Payable
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Chapter 12:Corporations: Organization, Stock Transactions, and Dividends
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Chapter 13:Statement of Cash Flows
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Chapter 14:Financial Statement Analysis
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,Chapter 01 - Accounting and Business
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1. A corporation is a business that is legally separate and distinct from its owners.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering r



QUESTION TYPE: r True / Falser r



HAS VARIABLES:
r False
LEARNING OBJECTIVES: r FNMN.WAJO.19.01 01 - LO: 01-01 r r r r



ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms
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ACCT.AICPA.BB.01 - Industry r r


ACCT.AICPA.FN.03 - Measurement BUSPROG: r r r


Analytic r



DATE CREATED:
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DATE MODIFIED:
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2. The role of accounting is to provide many different users with financial information to make economic decisions.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's: Remembering r



QUESTION TYPE: r True / False r r



HAS VARIABLES:
r False
LEARNING OBJECTIVES: r FNMN.WAJO.19.01 01 - LO: 01-01 r r r r



ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
r r r r


ACCT.AICPA.FN.03 - Measurement BUSPROG: r r r


Analytic r



DATE CREATED:
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DATE MODIFIED:
r 10/16/2017 3:33 PM r r




3. Accounting information users need reports about the economic activities and condition of businesses.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's: Remembering r



Copyright rCengage rLearning. rPowered rby rCognero. Page r3

, QUESTION TYPE: r True / False r r



HAS VARIABLES:
r False
LEARNING OBJECTIVES: r FNMN.WAJO.19.01-01 - LO: 01-01 r r r



ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
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ACCT.AICPA.BB.01 - Industry r r


ACCT.AICPA.FN.03 - Measurement BUSPROG: r r r


Analytic r



DATE CREATED:
r 7/26/2017 4:27 PM r r



DATE MODIFIED:
r 10/16/2017 3:33 PM r r




4. Managerial accounting information is used by external and internal users equally.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Rememberingr



QUESTION TYPE: r True / False
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HAS VARIABLES:
r False
LEARNING OBJECTIVES: r FNMN.WAJO.19.01 01 - LO: 01-01 r r r r



ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
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ACCT.ACBSP.APC.25 - Managerial Characteristics/Terminology ACCT.AICPA.FN.03 - r r r r r


Measurement r


BUSPROG: Analytic r



DATE CREATED:
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DATE MODIFIED:
r 10/16/2017 3:33 PM r r




5. Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies
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where they work.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's: Rememberingr



QUESTION TYPE: r True / False
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HAS VARIABLES:
r False
LEARNING OBJECTIVES: r FNMN.WAJO.19.01 01 - LO: 01-01 r r r r



ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose
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ACCT.AICPA.BB.03 - Legal r r


ACCT.AICPA.FN.03 - Measurement BUSPROG: r r r


Ethics r



DATE CREATED:
r 7/26/2017 4:27 PM r r



DATE MODIFIED:
r 10/16/2017 3:33 PM r r




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