TEST BANK
College Accounting Chapters 1-30, 16th Edition
David Haddock, John Price, Michael Farina
Version 1 1
, • TABLE OF CONTENTS
Ch. 1 Accounting: The Language of Business
Ch. 2 Analyzing Business Transactions
Ch. 3 Analyzing Business Transactions Using T Accounts
Ch. 4 The General Journal and the General Ledger
Ch. 5 Adjustments and the Worksheet
Ch. 6 Closing Entries and the Postclosing Trial Balance
Ch. 7 Accounting for Sales and Accounts Receivable
Ch. 8 Accounting for Purchases and Accounts Payable
Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
Ch. 10 Payroll Computations, Records, and Payment
Ch. 11 Payroll Taxes, Deposits, and Reports
Ch. 12 Accruals, Deferrals, and the Worksheet
Ch. 13 Financial Statements and Closing Procedure
Ch. 14 Accounting Principles and Reporting Standards
Ch. 15 Accounts Receivable and Uncollectible Accounts
Ch. 16 Notes Payable and Notes Receivable
Version 1 2
,Ch. 17 Merchandise Inventory
Ch. 18 Property, Plant, and Equipment
Ch. 19 Accounting for Partnerships
Ch. 20 Corporations: Formation and Capital Stock Transactions
Ch. 21 Corporate Earnings and Capital Transactions
Ch. 22 Long-Term Bonds
Ch. 23 Financial Statement Analysis
Ch. 24 The Statement of Cash Flows
Ch. 25 Departmentalized Profit and Cost Centers
Ch. 26 Accounting for Manufacturing Activities
Ch. 27 Job Order Cost Accounting
Ch. 28 Process Cost Accounting
Ch. 29 Controlling Manufacturing Costs: Standard Costs
Ch. 30 Cost-Revenue Analysis for Decision Making
Version 1 3
, Answers kare kat kthe kend kof keach kChapter
Chapter k1 kAccounting: kThe kLanguage kof kBusiness
Student kname:_ k
1) What kis kthe k“language kof kbusiness?” kList kthree kgroups kwho kuse kthis kfinancial
kinformation.
Question kDetails
Difficulty k: k 1 kEasy
Learning kObjective k: k01-01 kDefine
kaccounting.kTopic k: kWhat kis kAccounting?
Bloom's k: kRemember
AACSB k: kAnalytical kThinking
kAICPA k: kBB kIndustry
AICPA k: kFN kDecision k Making
kAccessibility k: kKeyboard
kNavigationkType k: kStatic
Learning kObjective k: k01-03 kIdentify kthe kusers kof kfinancial
kinformation.kGradable k: kmanual
Accessibility k: kScreen kReader kCompatible
2) Cullen kCompany kof kcountry kX kand kShaw kIndustries kof kcountry kY khave kissued
kfinancial kstatements kin kcompliance kwith kthe kaccounting kprinciples kof ktheir krespective
kcountries. kThey kwould klike kto kwork ktogether kon ka kproject kand kneed kto kcompare ktheir
kcurrent kfinancial kstatements kprior kto kstarting kthe kproject. kHowever, kthe kaccounting
kprinciples kof kthe ktwo kcountries kdiffer. kWhatkorganization kmight kthey kturn kto kregarding
kthis kissue? k(Give kboth kthe kfull kname kof kthe korganizationkand kits kacronym.) kWhat k is kthe
k function kof kthis korganization?
Version 1 4
College Accounting Chapters 1-30, 16th Edition
David Haddock, John Price, Michael Farina
Version 1 1
, • TABLE OF CONTENTS
Ch. 1 Accounting: The Language of Business
Ch. 2 Analyzing Business Transactions
Ch. 3 Analyzing Business Transactions Using T Accounts
Ch. 4 The General Journal and the General Ledger
Ch. 5 Adjustments and the Worksheet
Ch. 6 Closing Entries and the Postclosing Trial Balance
Ch. 7 Accounting for Sales and Accounts Receivable
Ch. 8 Accounting for Purchases and Accounts Payable
Ch. 9 Cash Receipts, Cash Payments, and Banking Procedures
Ch. 10 Payroll Computations, Records, and Payment
Ch. 11 Payroll Taxes, Deposits, and Reports
Ch. 12 Accruals, Deferrals, and the Worksheet
Ch. 13 Financial Statements and Closing Procedure
Ch. 14 Accounting Principles and Reporting Standards
Ch. 15 Accounts Receivable and Uncollectible Accounts
Ch. 16 Notes Payable and Notes Receivable
Version 1 2
,Ch. 17 Merchandise Inventory
Ch. 18 Property, Plant, and Equipment
Ch. 19 Accounting for Partnerships
Ch. 20 Corporations: Formation and Capital Stock Transactions
Ch. 21 Corporate Earnings and Capital Transactions
Ch. 22 Long-Term Bonds
Ch. 23 Financial Statement Analysis
Ch. 24 The Statement of Cash Flows
Ch. 25 Departmentalized Profit and Cost Centers
Ch. 26 Accounting for Manufacturing Activities
Ch. 27 Job Order Cost Accounting
Ch. 28 Process Cost Accounting
Ch. 29 Controlling Manufacturing Costs: Standard Costs
Ch. 30 Cost-Revenue Analysis for Decision Making
Version 1 3
, Answers kare kat kthe kend kof keach kChapter
Chapter k1 kAccounting: kThe kLanguage kof kBusiness
Student kname:_ k
1) What kis kthe k“language kof kbusiness?” kList kthree kgroups kwho kuse kthis kfinancial
kinformation.
Question kDetails
Difficulty k: k 1 kEasy
Learning kObjective k: k01-01 kDefine
kaccounting.kTopic k: kWhat kis kAccounting?
Bloom's k: kRemember
AACSB k: kAnalytical kThinking
kAICPA k: kBB kIndustry
AICPA k: kFN kDecision k Making
kAccessibility k: kKeyboard
kNavigationkType k: kStatic
Learning kObjective k: k01-03 kIdentify kthe kusers kof kfinancial
kinformation.kGradable k: kmanual
Accessibility k: kScreen kReader kCompatible
2) Cullen kCompany kof kcountry kX kand kShaw kIndustries kof kcountry kY khave kissued
kfinancial kstatements kin kcompliance kwith kthe kaccounting kprinciples kof ktheir krespective
kcountries. kThey kwould klike kto kwork ktogether kon ka kproject kand kneed kto kcompare ktheir
kcurrent kfinancial kstatements kprior kto kstarting kthe kproject. kHowever, kthe kaccounting
kprinciples kof kthe ktwo kcountries kdiffer. kWhatkorganization kmight kthey kturn kto kregarding
kthis kissue? k(Give kboth kthe kfull kname kof kthe korganizationkand kits kacronym.) kWhat k is kthe
k function kof kthis korganization?
Version 1 4
