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Test Bank for Intermediate Accounting, Volume 1 13th Canadian Edition by Donald E. Kieso CA$42.32   Add to cart

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Test Bank for Intermediate Accounting, Volume 1 13th Canadian Edition by Donald E. Kieso

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Test Bank for Intermediate Accounting, Volume 1, Vol 1, 13th Canadian Edition 13ce by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy. ISBN-13: 978-1-119-74045-2 Full Chapters test bank included for Volume 1 13ce 1 The Canadian Financial Reportin...

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Test Bank for Chapter 0 Kieso Intermediate Accounting, Thirteenth Canadian Edition



CHAPTER 0

ACCOUNTING CYCLE REVIEW

Learning Objective Total # of questions from
1 41
2 124
3 31
4 17
5 187
6 6
7 6
8 20
9 11

TRUE-FALSE—Conceptual
1. Economic events that require recording in the financial statements are called accounting
transactions.

Answer: True

Difficulty: Easy
Learning Objective: Analyze business transactions.
CPA: Financial Reporting
Bloomcode: Knowledge
AACSB: Analytic

2. Revenue increases shareholders’ equity and should be recorded whenever cash is received from
customers.

Answer: False

Difficulty: Easy
Learning Objective: Analyze business transactions.
CPA: Financial Reporting
Bloomcode: Knowledge
AACSB: Analytic



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