TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
TEST BANK
FORFUNDAMENTAL
ACCOUNTING PRINCIPLES,
25TH EDITION, JOHN WILD
CHAPTER 1-26 LATEST
UPDATE 2025/2026 GRADE A+
100% VERIFIED
,TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
TABLE OF CONTENTS
Chapter 1: Accounting In Business
Chapter 2: Analyzing And Recording Transactions
Chapter 3: Adjusting Accounts For Financial Statements
Chapter 4: Completing The Accounting Cycle
Chapter 5: Accounting For Merchandising Operations
Chapter 6: Inventories And Cost Of Sales
Chapter 7: Accounting Information Systems
Chapter 8: Cash, Fraud, And Internal Control
Chapter 9: Accounting For Receivables
Chapter 10: Plant Assets, Natural Resources, And Intangibles
Chapter 11: Current Liabilities And Payroll Accounting
Chapter 12: Accounting For Partnerships
Chapter 13: Accounting For Corporations
Chapter 14: Long-Term Liabilities
Chapter 15: Investments
Chapter 16: Reporting The Statement Of Cash Flows
Chapter 17: Analysis Of Financial Statements
Chapter 18: Managerial Accounting Concepts And Principles
Chapter 19: Job Order Costing
Chapter 20: Process Costing
Chapter 21: Cost Behavior And Cost-Volume-Profit Analysis
Chapter 22: Master Budgets And Planning
Chapter 23: Flexible Budgets And Standard Costs
Chapter 24: Performance Measurement And Responsibilityaccounting
Chapter 25: Relevant Costs For Managerial Decisions
Chapter 26: Capital Budgeting And Investment Analysis
,TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
Answers At The End Of Each Chapter
Chapter 01:
Student Name:
1) Which Of The Following Is Not Accomplished By Accounting?
A) Identifies Business Activities.
B) Records Business Activities.
C) Communicates Business Activities.
D) Eliminates The Need For Interpreting Financial Data.
E) Helps People Make Better Decisions.
2) Which Of The Following Is An External User Of Accounting Information?
A) Purchasing Manager.
B) Human Resource Manager.
C) Lender.
D) Chief Executive Officer (Ceo).
E) Marketing Manager.
3) The Primary Objective Of Financial Accounting Is To:
A) Serve The Decision-Making Needs Of Internal Users.
B) Provide Accounting Information That Serves External Users.
C) Monitor Consumer Needs, Tastes, And Price Concerns.
D) Provide Information On Both The Costs And Benefits Of Looking After Products
And Services.
E) Know What, When, And How Much Product To Produce.
, TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
4) The Area Of Accounting Aimed At Serving The Decision-Making Needs Of Internal Users Is:
A) Financial Accounting.
B) Managerial Accounting.
C) External Auditing.
D) Sec Reporting.
E) Bookkeeping.
5) Which Of The Following Is Not An External User Of Accounting Information?
A) Shareholders.
B) Customers.
C) Purchasing Managers.
D) Government Regulators.
E) Creditors.
6) Which Of The Following Is Not True Regarding A Certified Public Accountant?
A) Must Meet Education Requirements.
B) Must Pass An Examination.
C) Must Exhibit Ethical Character.
D) Must Meet Experience Requirements.
E) Cannot Hold Any Certificate Other Than A Cpa.
7) Which Of The Following Factors Is Not A Component Of The Fraud Triangle?
CHAPTER 1-26
TEST BANK
FORFUNDAMENTAL
ACCOUNTING PRINCIPLES,
25TH EDITION, JOHN WILD
CHAPTER 1-26 LATEST
UPDATE 2025/2026 GRADE A+
100% VERIFIED
,TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
TABLE OF CONTENTS
Chapter 1: Accounting In Business
Chapter 2: Analyzing And Recording Transactions
Chapter 3: Adjusting Accounts For Financial Statements
Chapter 4: Completing The Accounting Cycle
Chapter 5: Accounting For Merchandising Operations
Chapter 6: Inventories And Cost Of Sales
Chapter 7: Accounting Information Systems
Chapter 8: Cash, Fraud, And Internal Control
Chapter 9: Accounting For Receivables
Chapter 10: Plant Assets, Natural Resources, And Intangibles
Chapter 11: Current Liabilities And Payroll Accounting
Chapter 12: Accounting For Partnerships
Chapter 13: Accounting For Corporations
Chapter 14: Long-Term Liabilities
Chapter 15: Investments
Chapter 16: Reporting The Statement Of Cash Flows
Chapter 17: Analysis Of Financial Statements
Chapter 18: Managerial Accounting Concepts And Principles
Chapter 19: Job Order Costing
Chapter 20: Process Costing
Chapter 21: Cost Behavior And Cost-Volume-Profit Analysis
Chapter 22: Master Budgets And Planning
Chapter 23: Flexible Budgets And Standard Costs
Chapter 24: Performance Measurement And Responsibilityaccounting
Chapter 25: Relevant Costs For Managerial Decisions
Chapter 26: Capital Budgeting And Investment Analysis
,TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
Answers At The End Of Each Chapter
Chapter 01:
Student Name:
1) Which Of The Following Is Not Accomplished By Accounting?
A) Identifies Business Activities.
B) Records Business Activities.
C) Communicates Business Activities.
D) Eliminates The Need For Interpreting Financial Data.
E) Helps People Make Better Decisions.
2) Which Of The Following Is An External User Of Accounting Information?
A) Purchasing Manager.
B) Human Resource Manager.
C) Lender.
D) Chief Executive Officer (Ceo).
E) Marketing Manager.
3) The Primary Objective Of Financial Accounting Is To:
A) Serve The Decision-Making Needs Of Internal Users.
B) Provide Accounting Information That Serves External Users.
C) Monitor Consumer Needs, Tastes, And Price Concerns.
D) Provide Information On Both The Costs And Benefits Of Looking After Products
And Services.
E) Know What, When, And How Much Product To Produce.
, TEST BANK FORFUNDAMENTAL ACCOUNTING PRINCIPLES, 25TH EDITION, JOHN WILD
CHAPTER 1-26
4) The Area Of Accounting Aimed At Serving The Decision-Making Needs Of Internal Users Is:
A) Financial Accounting.
B) Managerial Accounting.
C) External Auditing.
D) Sec Reporting.
E) Bookkeeping.
5) Which Of The Following Is Not An External User Of Accounting Information?
A) Shareholders.
B) Customers.
C) Purchasing Managers.
D) Government Regulators.
E) Creditors.
6) Which Of The Following Is Not True Regarding A Certified Public Accountant?
A) Must Meet Education Requirements.
B) Must Pass An Examination.
C) Must Exhibit Ethical Character.
D) Must Meet Experience Requirements.
E) Cannot Hold Any Certificate Other Than A Cpa.
7) Which Of The Following Factors Is Not A Component Of The Fraud Triangle?
