Test Bank For College Accounting Chapters 1 - 30, 16th Edition by David Haddock, John Price, Verified Newest Version
7 views 0 purchase
Module
College Accounting 1-30 16th Edition
Institution
College Accounting 1-30 16th Edition
Test Bank For College Accounting Chapters 1 - 30, 16th Edition by David Haddock, John Price, Verified Newest Version TEST BANK For College Accounting Chapters 1-30, 16th Edition by David Haddock, John Price, Verified Newest Version TEST BANK For College Accounting Chapters 1-30, 16th Edition by Dav...
Version 1 1 TEST BANK For College Accounting Chapters 1 -30 16th Edition David Haddock, John Price, Michael Farina Answers are at the end of each Chapter Chapter 1 Student name:__________ 1) What is the “language of business? ” List three groups who use this financial information. Question Details Difficulty : 1 Easy Learning Objective : 01 -01 Define accounting. Topic : What is Accounting? Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -03 Identify the users of financial information. Gradable : manual Accessibility : Screen Reader Compatible 2) Cullen Company of country X and Shaw Industries of country Y have issued financial statements in com pliance with the accounting principles of their respective countries. They would like to work together on a project and need to compare their current financial statements prior to starting the project. However, the accounting principles of the two countrie s differ. What organization might they turn to regarding this issue? (Give both the full name of the organization and its acronym.) What is the function of this organization? Version 1 2 Question Details AACSB : Analytical Thinking AICPA : BB Industr y AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -05 Describe the process used to develop generally accepted accounting princip Topic : Generally Accepted Accounting Principles Difficulty : 2 Medium Bloo m's : Understand AICPA : BB Global Gradable : manual Accessibility : Screen Reader Compatible 3) You have just entered college and decide to pursue a career as a certified bookkeeper. What three requirements must you satisfy to receive this designation? Question Details Difficulty : 1 Easy Topic : What is Accounting? Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objecti ve : 01 -02 Identify and discuss career opportunities in accounting. Gradable : manual Accessibility : Screen Reader Compatible 4) There are three general services public accountants offer. List and briefly describe each. Version 1 3 Question Details Topic : What is Accounting? AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -02 Identify and discuss career opportunities in accounting. Difficulty : 2 Medium Bloom's : Understand Gradable : manual Accessibility : Screen Reader Compatible 5) List at least five activities performed by managerial accountants. Question Details Difficulty : 1 Easy Topic : What is Accounting? Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -02 Identify and discuss career opportunities in accounting. Gradable : manua l Accessibility : Screen Reader Compatible 6) Having enjoyed multiple accounting courses in college, you have decided to pursue a CPA license. What requirements must you fulfill to achieve this certification? Version 1 4 Question Detai ls Difficulty : 1 Easy Topic : What is Accounting? Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -02 Identify and discuss career opport unities in accounting. Gradable : manual Accessibility : Screen Reader Compatible 7) How do sole proprietorships, partnerships, and corporations differ? Question Details AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Decision Making Accessibility : Keyboard Navigation Type : Static Learning Objective : 01 -04 Compare and contrast the three types of business entities. Topic : Types of Business Entities AICPA : BB Legal Difficulty : 2 Medium Bloom's : Understand Gradable : manual Accessibility : Screen Reader Compatible 8) List three individuals or groups who use financial information to make decisions about a firm. For each listed, give an example of why they would need the information.
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 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 solver. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.52. You're not tied to anything after your purchase.
