ACC 405 TEST BANK_INTERMEDIATE FINANCIAL ACCOUNTING PART 1A (2015 EDITION)
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ACC 405
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ACC 405
ACC 405 TEST BANK_INTERMEDIATE FINANCIAL ACCOUNTING PART 1A (2015 EDITION)/ACC 405 TEST BANK_INTERMEDIATE FINANCIAL ACCOUNTING PART 1A (2015 EDITION)ACC 405 TEST BANK_INTERMEDIATE FINANCIAL ACCOUNTING PART 1A (2015 EDITION)ACC 405 TEST BANK_INTERMEDIATE FINANCIAL ACCOUNTING PART 1A (2015 EDITION)AC...
acc 405 test bankintermediate financial accounting part 1a 2015 editionacc 405 test bankintermediate financial accounting part 1a 2015 editionacc 405 test bankintermediate financial accounting
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TEST BANK
Intermediate
Financial
Accounting
Part 1A
ZEUS VERNON B. MILLAN
, ALL RIGHTS RESERVED
2015
No part of this work covered by the
copyright hereon may be reproduced or
used in any form or by any means -
electronic or mechanical, including
photocopying – without the written
permission of the author.
ISBN 978-621-95096-0-2
Published by:
BANDOLIN ENTERPRISE
No. 100 Montebello Village, Bakakeng Sur, Baguio City 2600, Philippines
, TABLE OF CONTENTS
CHAPTER 1
OVERVIEW OF ACCOUNTING.................................................................1
CHAPTER 1: THEORY OF ACCOUNTS REVIEWER...............................................1
CHAPTER 1 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS......27
CHAPTER 2
THE ACCOUNTING PROCESS................................................................28
CHAPTER 2: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
................................................................................................................28
CHAPTER 2: THEORY OF ACCOUNTS REVIEWER............................................31
CHAPTER 2 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS......45
CHAPTER 3
THE CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING.......46
CHAPTER 3: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
................................................................................................................46
CHAPTER 3: THEORY OF ACCOUNTS REVIEWER............................................47
CHAPTER 3 - SUGGESTED ANSWERS TO REVIEW THEORY QUESTIONS...............71
CHAPTER 4
CASH & CASH EQUIVALENTS...............................................................72
CHAPTER 4: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
................................................................................................................72
CHAPTER 4: THEORY OF ACCOUNTS REVIEWER............................................76
CHAPTER 4 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS......87
CHAPTER 5
RECEIVABLES (PART 1).......................................................................88
CHAPTER 5: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
................................................................................................................88
CHAPTER 5: THEORY OF ACCOUNTS REVIEWER............................................92
CHAPTER 5 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS....100
CHAPTER 6
RECEIVABLES (PART 2).....................................................................101
CHAPTER 6: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
..............................................................................................................101
CHAPTER 6: THEORY OF ACCOUNTS REVIEWER..........................................105
CHAPTER 6 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS....110
CHAPTER 7
RECEIVABLES (PART 3).....................................................................111
CHAPTER 7: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
..............................................................................................................111
CHAPTER 7: THEORY OF ACCOUNTS REVIEWER..........................................114
CHAPTER 7 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS....125
CHAPTER 8
INVENTORIES.....................................................................................126
CHAPTER 8: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
..............................................................................................................126
CHAPTER 8: THEORY OF ACCOUNTS REVIEWER..........................................132
CHAPTER 8 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS....149
, CHAPTER 9: THEORY OF ACCOUNTS REVIEWER...........................................153
CHAPTER 9 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS....168
CHAPTER 10
INVESTMENTS (PART 2)....................................................................169
CHAPTER 10: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
..............................................................................................................169
CHAPTER 10: THEORY OF ACCOUNTS REVIEWER........................................175
CHAPTER 10 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS. .185
CHAPTER 11
INVESTMENTS (PART 3)....................................................................186
CHAPTER 11: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES)
..............................................................................................................186
CHAPTER 11: THEORY OF ACCOUNTS REVIEWER........................................187
CHAPTER 11 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS. .188
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