Financial Accounting (ACCT 212)

FINANCIAL ACCOUNTING FOR MBAS 8TH EDITION EASTON TEST BANK Financial Accounting for MBAs Learning Objectives – Coverage by question True/False Multiple Choice LO1 – Explain and assess the four main business activities. LO2 – Identify and discuss the users and suppliers of financial statement information. 1- 4 1, 2 LO3 – Describe and examine the four financial statements, and define the accounting equation. 5-10 3-19 LO4 – Explain and apply the basics of pr...

TEST BANK FOR FINANCIAL ACCOUNTING, 16TH EDITION, CARL WARREN, CHRISTINE JONICK, JENNIFER SCHNEIDER

What two things does financial accounting consist of correct answer: measuring and reporting What forms of businesses do we measure and report for? correct answer: Proprietorship, partnership, corporation What are separates a proprietorship and a partnership from a corporation correct answer: the owners and the businesses are the same entity What does unlimited liability mean? correct answer: Unlimited liability means that sole proprietors and general partners must pay all debts and...

Paper contains Chapter 9 Homework answers