100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEST BANK for Financial Accounting, 13th Edition by C William Thomas and Wendy M. Tietz Verified Chapters 1 - 12, Complete Newest Version CA$25.89   Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Accounting, 13th Edition
  4.  
  5. Financial Accounting, 13th Edition

Exam (elaborations)

TEST BANK for Financial Accounting, 13th Edition by C William Thomas and Wendy M. Tietz Verified Chapters 1 - 12, Complete Newest Version

1 review
 25 views  2 purchases
  • Course
  • Financial Accounting, 13th Edition
  • Institution
  • Financial Accounting, 13th Edition

TEST BANK for Financial Accounting, 13th Edition by C William Thomas and Wendy M. Tietz Verified Chapters 1 - 12, Complete Newest Version TEST BANK for Financial Accounting, 13th Edition by C William Thomas and Wendy M. Tietz TEST BANK for Financial Accounting, 13th Edition Financial Accou...

[Show more]

Preview 4 out of 851  pages

Document information

  • December 14, 2023
  • 851
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for financial accounting 13th edition
  • test bank for financial accounting 13e
  • test bank for financial accounting
  • 13th edition by c william thomas and wendy m tiet
  • financial accounting 13th ed

Written for

  • Financial Accounting, 13th Edition
  • Financial Accounting, 13th Edition

1  review

review-writer-avatar

By: LectJared • 10 months ago

reply-writer-avatar

By: LectWoody • 8 months ago

Thank you for shopping with us & We really appreciate you taking the time to share your rating with us. Contact me wilsonfury645@gmail if you're Looking for Any Test Bank or Solution Manual & We look forward to seeing you again soon.

Seller

avatar-seller
LectWoody

Reviews received

Content preview

TEST BANK for Financial Accounting 13th Edition by C William Thomas and Wendy M. Tietz Verified Chapter's 1 - 12 | Complete TABLE OF CONTENTS 1. The Financial Statements 2. Transaction Analysis 3. Accrual Accounting and Income 4. Internal Control and Cash 5. Receivables and Revenue 6. Inventory and Cost of Goods Sold 7. Plant Assets, Natural Resources, and Intangibles 8. Current and Contingent Liabilities 9. Long -Term Liabilities 10. Stockholders' Equity 11. The Statement of Cash Flows 12. Financial Statement Analysis 1. The Financial Statements Full Test Bank for Financial Accounting 13th Edition C. William Thomas, Wendy M Tietz Financial Accounting, 13e (Thomas/Tietz) Chapter 1 The Financial Statements Learning Objective 1-1 1) Accounting is an information system that measures business activities. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 2) Bookkeeping is a mechanical part of accounting. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 3) Accounting is often called the language of business. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 4) Accounting produces financial statements, which report information about a business. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement, Reporting 5) The accounting process begins and ends with people making decisions. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 6) Accounting information is used by investors and creditors, but not by regulatory bodies. Answer: FALSE Explanation: It is used by individuals, investors, creditors, nonprofits, and regulatory bodies. Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Industry Sector, Legal/Regulatory AICPA Functional: Measurement, Reporting 7) Since Habitat for Humanity is not concerned about making a profit, the entity does not need to use accounting information. Answer: FALSE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Industry Sector, Legal/Regulatory AICPA Functional: Measurement, Reporting 8) The business records of a sole proprietorship should include the proprietor's personal finances. Answer: FALSE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 9) A partnership is a taxpaying entity. Answer: FALSE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 10) Stockholders have no personal obligation for the corporation's debts. Answer: TRUE Diff: 1 LO: 1-1 AACSB: Reflective Thinking AICPA Bus Persp: Legal/Regulatory AICPA Functional: Measurement 11) Accounting: A) measures business activities. B) processes data into reports and communicates the data to decision makers. C) is often called the language of business. D) is all of the above. Answer: D Diff: 2 LO: 1-1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 LectWoody. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$25.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$25.89  2x  sold
  • (1)
  Add to cart