Test Bank For College Accounting Chapters 1 - 30, 16th Edition by David Haddock, John Price, Verified Newest Version
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College Accounting 1-30 16th Edition
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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.
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