100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
Test Bank For Accounting What The Numbers Mean 12th Edition By David Marshal (All Chapters) Latest A+ $12.99
Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. Accounting What The Numbers Mean 12th Edition
  4.  
  5. Accounting What The Numbers Mean 12th Edition

Examen

Test Bank For Accounting What The Numbers Mean 12th Edition By David Marshal (All Chapters) Latest A+
 0 veces vendidas
  • Grado
  • Accounting What The Numbers Mean 12th Edition
  • Institución
  • Accounting What The Numbers Mean 12th Edition
  • Book
  • ISE Accounting: What the Numbers Mean

Test Bank For Accounting What The Numbers Mean 12th Edition By David Marshal (All Chapters) Latest A+

Vista previa 4 fuera de 570  páginas

Información del documento

  • 5 de noviembre de 2024
  • 570
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • test
  • bank
  • for
  • accounting
  • what
  • the
  • numbers
  • mean
  • 12th
  • edition
  • david
  • marshal
  • all
  • chapters
  • 978 1260565492
  • 2024
  • latest
  • verified
  • complete
  • guide
  • by

Libro relacionado

book image

Título del libro:

Autor(es):

  • Edición:
  • ISBN:
  • Edición:

Más resúmenes para

  • Solution Manual Accounting What The Numbers Mean 13th Edition by David Marshall All Chapters
  • Solution Manual Accounting What The Numbers Mean 13th Edition by David Marshall All Chapters 1 - 16
  • Solution Manual Accounting What The Numbers Mean 13th Edition by David Marshall All Chapters 1 - 16
Todos para este libro de texto (13)

Escuela, estudio y materia

  • Accounting What The Numbers Mean 12th Edition
Todos documentos para esta materia (2)

Vendedor

avatar-seller
TestsBanks

Comentarios recibidos

Vista previa del contenido

,Accounting - What the Numbers Mean, 12e (Marshall)
Chapter 1 Accounting—Present and Past

1) Which of the following entities would not require accounting information pertaining to their
economic activities?
A) Social clubs.
B) Not-for-profit entities.
C) State governments.
D) All of these entities require accounting information.

Answer: D
Difficulty: 1 Easy
Topic: What Is Accounting?
Learning Objective: 01-02 Identify who the users of accounting information are and explain
why they find accounting information useful.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

2) The authoritative financial accounting standards-setting body in the United States is presently
the:
A) Securities and Exchange Commission (SEC)
B) International Accounting Standards Board (IASB)
C) Public Company Accounting Oversights Board (PCAOB)
D) Financial Accounting Standards Board (FASB)
E) Accounting Principles Board (APB)

Answer: D
Difficulty: 1 Easy
Topic: How Has Accounting Developed?
Learning Objective: 01-05 Explain the role that the FASB plays in the development of financial
accounting standards.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation




1
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

,3) Which of the following statements about the Financial Accounting Standards Board is
correct?
A) The FASB is an agency of the Federal government.
B) The FASB has the authority to fine a noncompliant firm.
C) The FASB follows a due process procedure that permits input from interested parties before
an Accounting Standards Update (ASU) is issued.
D) The FASB is controlled by the American Institute of CPAs.

Answer: C
Difficulty: 2 Medium
Topic: How Has Accounting Developed?
Learning Objective: 01-05 Explain the role that the FASB plays in the development of financial
accounting standards.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

4) Major classifications of accounting activity would not include:
A) financial accounting, internal auditing, public accounting.
B) internal auditing, governmental accounting, managerial accounting.
C) financial accounting, national accounting, cost accounting.
D) auditing, income tax accounting, governmental accounting.

Answer: C
Difficulty: 1 Easy
Topic: What Is Accounting?
Learning Objective: 01-03 Identify the variety of professional services that accountants provide.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

5) Which of the following is not an example of a decision or informed judgment that a potential
investor would make from accounting information?
A) Future profitability based on past profitability.
B) Probability of success of a new product development.
C) A forecast of dividends.
D) Assessment of risk that a company may have more debt than it can repay if the economy
enters a recession.

Answer: B
Difficulty: 2 Medium
Topic: What Is Accounting?
Learning Objective: 01-02 Identify who the users of accounting information are and explain
why they find accounting information useful.
Bloom's: Understand
AACSB: Reflective Thinking
2
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

, Accessibility: Keyboard Navigation

6) Which of the following is not an example of a decision or informed judgment that a potential
employee could make from accounting information?
A) Personnel turnover statistics (i.e., hiring and terminations).
B) Probability of the company's ability to make profit sharing plan contributions in the future.
C) Assessment of the risk that the company may become bankrupt in the near future.
D) The extent of the company's commitment to a research program.

Answer: A
Difficulty: 2 Medium
Topic: What Is Accounting?
Learning Objective: 01-02 Identify who the users of accounting information are and explain
why they find accounting information useful.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

7) Which of the following are qualified to express an auditor's opinion about an entity's financial
statements?
A) A Comptroller.
B) A Certified Management Accountant.
C) A Certified Internal Auditor.
D) A Certified Public Accountant.

Answer: D
Difficulty: 2 Medium
Topic: What Is Accounting?
Learning Objective: 01-03 Identify the variety of professional services that accountants provide.
Bloom's: Understand
AACSB: Communication
Accessibility: Keyboard Navigation

8) Which classification of accounting is most concerned with the use of economic and financial
information to plan and control many of the activities of the entity?
A) Financial accounting.
B) Auditing / Public accounting.
C) Managerial accounting.
D) Income tax accounting.

Answer: C
Difficulty: 1 Easy
Topic: What Is Accounting?
Learning Objective: 01-03 Identify the variety of professional services that accountants provide.
Bloom's: Remember
AACSB: Analytical Thinking
3
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

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.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestsBanks. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Empieza a vender

Vistos recientemente

Caso ·

(1)

NCOI geslaagde module Fysieke Distributie - Logistiek en Supply Chain Management - Geslaagd 2022

Examen ·

(0)

Revamp Your Study Approach: The [Oraganizational Theory ,design,And change,Jones,5e] 2023 Test Bank

Examen ·

(0)

TEST BANK for Microbiology with Diseases by Body System 5th Edition by Bauman, LATEST EDITION

Examen ·

(0)

AZ 700 Renewal - Azure Networking Exam Test 2024 Azure Networking AZ700 Renewal Exam 2024-2025

Resumen ·

(0)

Digital Media Summary (2023) + Answers to Quizzes / Notes from Class, Guest Lectures & Simulations

$12.99
  • (0)
Añadir al carrito
Añadido