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Solutions for Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition;9781119803898 ; by Granof CA$29.49
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Solutions for Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition;9781119803898 ; by Granof
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  • Course
  • CGAP - Certified Government Auditing Professional
  • Institution
  • CGAP - Certified Government Auditing Professional
  • Book
  • Government and Not-for-Profit Accounting

Complete Solutions Manual for Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition 9e by Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese. ISBN-13: 3898 1 The Government and Not- for- Profit Environment 1 How Do Governments and Not- For- Profits Compare With Busine...

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  • June 6, 2024
  • 562
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • solutions for government
  • not for profit accounting
  • concepts and practices
  • 9th edition
  • 9781119803898

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  • Test Bank for Government And Not For Profit Accounting Concepts And Practices 9th Edition by Michael H. Granof
  • Test Bank for Government And Not For Profit Accounting Concepts And Practices 9th Edition Michael H. Granof
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M
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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
1. The business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities
is a:
a. Manufacturer.
b. Merchandiser.
c. Service business.
d. Not-for-profit service agency.
ANSWER: a
RATIONALE: The business entity that converts purchased raw materials into finished goods by using labor,
technology, and facilities is a manufacturer.
POINTS: 1
DIFFICULTY: Easy




M
LEARNING OBJECTI PRIN.EDWA.16.1 - Introduction
VES:
ACCREDITING STAN AACSB Analytic
DARDS: ACCT.AICPA.FN.03 - Measurement




E
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

2. The business entity that purchases finished goods for resale is a:
a. Manufacturer.
D
G
b. Merchandiser.
c. Service business.
d. Wholesaler.
E
ANSWER: b
RATIONALE: The business entity that purchases finished goods for resale is a merchandiser.
POINTS: 1
E

DIFFICULTY: Easy
LEARNING OBJECTIVES PRIN.EDWA.16.1 - Introduction
:
K


ACCREDITING STANDA AACSB Analytic
RDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

3. The type of merchandiser who purchases goods from the producer and sells them to retailers that sell them to the
consumer is a:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service business.
ANSWER: c
RATIONALE: A wholesaler purchases goods from the producer and sells them to the retailer.
POINTS: 1
DIFFICULTY: Easy
Cengage Learning Testing, Powered by Cognero Page 1

, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
LEARNING OBJECTIVES PRIN.EDWA.16.1 - Introduction
:
ACCREDITING STANDA AACSB Analytic
RDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

4. Examples of service businesses include:
a. Airlines, accountants, and hair stylists.
b. Department stores, poster shops, and wholesalers.




M
c. Aircraft producers, home builders, and machine tool makers.
d. None of these are correct.
ANSWER: a
RATIONALE: Examples of service businesses include airlines, architects, and hair stylists.




E
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTI PRIN.EDWA.16.1 - Introduction
VES:
ACCREDITING STAN AACSB Reflective Thinking
DARDS: ACCT.AICPA.FN.03 - Measurement
D
G
BUSPROG.06 - Reflective Thinking
IMA-Business Applications
OTHER: Bloom's: Understanding
E
5. ISO 9000 is a set of international standards for:
a. determining the selling price of a product.
E

b. cost control.
c. quality management.
d. delivering product,
K


ANSWER: c
RATIONALE: ISO 9000 is a set of international standards for quality management.
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: PRIN.EDWA.16.1 - Introduction

ACCREDITING STANDAR AACSB Analytic
DS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Strategic Planning
OTHER: Bloom's: Remembering

6. Unit cost information is important for making all of the following marketing decisions except:
a. Determining the selling price of a product.
b. Bidding on contracts.
c. Determining the amount to spend on social media to promote the product.
Cengage Learning Testing, Powered by Cognero Page 2

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