Test Bank for Horngren's Accounting, Volume 1 12th Canadian Edition by Miller-Nobles
20 views 0 purchase
Course
Accounting
Institution
Accounting
Complete Test Bank for Horngren's Accounting, Volume 1, Canadian Edition, 12th edition 12ce Vol 1 by Tracie Miller-Nobles; Brenda Mattison; Ella Mae Matsumura; Grant Mowbray; Carol A. Meissner; JoAnn L.
ISBN-13: 9717
Full Chapters test bank included for Vol 1 12ce
Accounting and the Busines...
Horngren's Accounting, Vol. 1, Cdn. Ed., 12e (Miller-Nobles)
TEST BANK
Chapter 1 Accounting and the Business Environment
1.1 Define accounting, and describe the users of accounting information
1) Financial statements provide information about business activities to decision makers.
Answer: TRUE
Diff: 1 Type: TF
CPA Competency: 1.1.1 Evaluates financial reporting issues
Objective: 1-1 Define accounting, and describe the users of accounting information
Knowledge Taxon.: Factual
Cognitive Taxon.: Remember
2) Investors provide money to a business to assist with operations.
Answer: TRUE
Diff: 2 Type: TF
CPA Competency: 1.1.1 Evaluates financial reporting issues
Objective: 1-1 Define accounting, and describe the users of accounting information
Knowledge Taxon.: Factual
Cognitive Taxon.: Remember
3) Not-for-profit organizations need accounting information, as do profit-oriented organizations.
Answer: TRUE
Diff: 1 Type: TF
CPA Competency: 1.1.1 Evaluates financial reporting issues
Objective: 1-1 Define accounting, and describe the users of accounting information
Knowledge Taxon.: Factual
Cognitive Taxon.: Remember
4) The Canadian designation CPA stands for Certified Public Accountant.
Answer: FALSE
Diff: 1 Type: TF
CPA Competency: 1.1.1 Evaluates financial reporting issues
Objective: 1-1 Define accounting, and describe the users of accounting information
Knowledge Taxon.: Factual
Cognitive Taxon.: Remember
5) Rules of professional conduct for accountants apply to accountants working in public practice but not
for accountants employed by companies.
Answer: FALSE
Diff: 2 Type: TF
CPA Competency: 1.1.1 Evaluates financial reporting issues
Objective: 1-1 Define accounting, and describe the users of accounting information
Knowledge Taxon.: Factual
Cognitive Taxon.: Remember
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.
