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 Corporate Financial Accounting, 16th Edition by Carl S. Warren, Jeff Jones $16.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Chamberlain College Of Nursing
  4.  
  5. Financial Accounting 16th Edition

Exam (elaborations)

Test Bank for Corporate Financial Accounting, 16th Edition by Carl S. Warren, Jeff Jones
 7 views  0 purchase

Discover the importance of financial accounting in creating a successful business and prosperous society with Warren/Jones’ CORPORATE FINANCIAL ACCOUNTING, 16E. This best-selling book clearly presents core financial accounting concepts within a meaningful business context, using engaging learning...

[Show more]

Preview 4 out of 2817  pages

Document information

  • December 12, 2024
  • 2817
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (4)

Written for

All documents for this subject (2)

Seller

avatar-seller
LECTSTANLUS

Content preview

TEST BANK
’




Corporate Financial Accounting, 16th Edition
’ ’ ’ ’




by Carl S. Warren Jeff Jones, All Chapters 1 - 14, Complete
’ ’ ’ ’ ’ ’ ’ ’ ’ ’ ’




Copyright’Cengage’Learning.’Powered’by’Cognero. Page’1

, Chapter’1:Introduction’to’Accounting’and’Business

Chapter’2:Analyzing’Transactions

Chapter’3:The’Adjusting’Process

Chapter’4:The’Accounting’Cycle

Chapter’5:Accounting’for’Retail’Businesses

Chapter’6:Inventories

Chapter’7:Internal’Control’and’Cash

Chapter’8:Receivables

Chapter’9:Long-Term’Assets:’Fixed’and’Intangible

Chapter’10:Liabilities:’Current,’Installment’Notes,’and’Contingencies

Chapter’11:Liabilities:’Bonds’Payable

Chapter’12:Corporations:’Organization,’Stock’Transactions,’and’Dividends

Chapter’13:Statement’of’Cash’Flows

Chapter’14:Financial’Statement’Analysis




Copyright’Cengage’Learning.’Powered’by’Cognero. Page’2

,Chapter’01’-’Accounting’and’Business

1. A’corporation’is’a’business’that’is’legally’separate’and’distinct’from’its’owners.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:’Remembering
QUESTION’TYPE: True’/’False
HAS’VARIABLES: False
LEARNING’OBJECTIVES: FNMN.WAJO.19.01’ 01’-’LO:’01-01
ACCREDITING’STANDARDS:’ ACCT.ACBSP.APC.03’-’Business’Forms
ACCT.AICPA.BB.01’-’Industry
ACCT.AICPA.FN.03’-
’Measurement’BUSPROG:’Analytic

DATE’CREATED: 7/26/2017’4:27’PM
DATE’MODIFIED: 10/16/2017’3:33’PM

2. The’role’of’accounting’is’to’provide’many’different’users’with’financial’information’to’make’economic’decisions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Bloom's:’Remembering
QUESTION’TYPE: True’/’False
HAS’VARIABLES: False
LEARNING’OBJECTIVES: FNMN.WAJO.19.01’ 01’-’LO:’01-01
ACCREDITING’STANDARDS:’ ACCT.ACBSP.APC.01’-’Purpose
ACCT.AICPA.FN.03’-
’Measurement’BUSPROG:’Analytic

DATE’CREATED: 7/26/2017’4:27’PM
DATE’MODIFIED: 10/16/2017’3:33’PM

3. Accounting’information’users’need’reports’about’the’economic’activities’and’condition’of’businesses.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Bloom's:’Remembering
Copyright’Cengage’Learning.’Powered’by’Cognero. Page’3

, QUESTION’TYPE: True’/’False
HAS’VARIABLES: False
LEARNING’OBJECTIVES: FNMN.WAJO.19.01-01’-’LO:’01-01
ACCREDITING’STANDARDS:’ ACCT.ACBSP.APC.01’-’Purpose
ACCT.AICPA.BB.01’-’Industry
ACCT.AICPA.FN.03’-
’Measurement’BUSPROG:’Analytic

DATE’CREATED: 7/26/2017’4:27’PM
DATE’MODIFIED: 10/16/2017’3:33’PM

4. Managerial’accounting’information’is’used’by’external’and’internal’users’equally.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's:’Remembering
QUESTION’TYPE: True’/’False
HAS’VARIABLES: False
LEARNING’OBJECTIVES: FNMN.WAJO.19.01’ 01’-’LO:’01-01
ACCREDITING’STANDARDS:’ ACCT.ACBSP.APC.01’-’Purpose
ACCT.ACBSP.APC.25’-’Managerial’Characteristics/Terminology’ACCT.AICPA.FN.03’-
’Measurement
BUSPROG:’Analytic
DATE’CREATED: 7/26/2017’4:27’PM
DATE’MODIFIED: 10/16/2017’3:33’PM

5. Senior’executives’cannot’be’criminally’prosecuted’for’the’wrong’doings’they’commit’on’behalf’of’the’companies’where’t
hey’work.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Bloom's:’Remembering
QUESTION’TYPE: True’/’False
HAS’VARIABLES: False
LEARNING’OBJECTIVES: FNMN.WAJO.19.01’ 01’-’LO:’01-01
ACCREDITING’STANDARDS:’ ACCT.ACBSP.APC.01’-’Purpose
ACCT.AICPA.BB.03’-’Legal
ACCT.AICPA.FN.03’-
’Measurement’BUSPROG:’Ethics

DATE’CREATED: 7/26/2017’4:27’PM
DATE’MODIFIED: 10/16/2017’3:33’PM


Copyright’Cengage’Learning.’Powered’by’Cognero. Page’4

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 LECTSTANLUS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

51292 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$16.99
  • (0)
Add to cart
Added