Examen

Test Bank for Financial Accounting, IFRS Edition, 3rd Edition Albrecht (All Chapters included)

1 veces vendidas

Grado
Financial management

Institución
Financial Management

Complete Test Bank for Financial Accounting, IFRS Edition, 3rd Edition by W. Steve Albrecht, Audrey Wenhsin Hsu, Earl K. Stice, James D. Stice, Monte R. Swain, Rong-Ruey Duh ; ISBN13: 9789814962582. (Full Chapters included Chapter 1 to 15).... 1. Accounting Information: Users and Uses. 2. Financi...

[Mostrar más]

Vista previa 3 fuera de 508 páginas

Ver ejemplo

Subido en 7 de diciembre de 2023
Número de páginas 508
Escrito en 2021/2022
Tipo Examen
Contiene Preguntas y respuestas

test
bank
testbank
financial
accounting
financial accounting
ifrs edition
3rd edition
albrecht
9789814962582
test bank
3e

Institución Financial management
Grado Financial management

Seguir

mizhouubcca

Miembro desde 1 año 1066 documentos vendidos

128

$29.49

Añadir al carrito

Añadir a la lista de deseos

100% de satisfacción garantizada
Inmediatamente disponible después del pago
Tanto en línea como en PDF
No estas atado a nada

Financial Accounting, IFRS Edition
3rd Edition
by W. Steve Albrecht

Complete Chapter Test Bank are
included (Ch 1 to 15)

** Immediate Download
** Swift Response
** All Chapters included

,Chapter 1—Accounting Information: Users and Uses

MULTIPLE CHOICE

1. Which of the following is NOT typically true of accounting information?
a. The information is quantitative in nature.
b. The information relates to future time periods.
c. The information relates to specific accounting entities.
d. The information is primarily financial in nature.
ANS: B PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

2. Which of the following is true about the double-entry system of bookkeeping?
a. It was developed in the 1300s−1400s in France.
b. It was developed in the 1800s in Italy.
c. It was developed in the 1300s−1400s in Italy.
d. It was developed in the 1800s in the United States.
ANS: C PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

3. Businesses use accounting systems to
a. Analyze transactions
b. Handle routine bookkeeping tasks
c. Evaluate the performance and health of the business
d. All of these are correct
ANS: D PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

4. Which of the following is the most correct definition of accounting?
a. A system for providing quantitative information, primarily financial in nature, about
economic entities that is intended to be useful in making economic decisions.
b. An entity without a profit objective, oriented toward providing services efficiently and
effectively.
c. The preservation of a systematic, quantitative record of an activity.
d. The procedures and processes used by a company to analyze transactions and handle
routine bookkeeping tasks.
ANS: A PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

5. Which of the following is NOT a function of accounting?
a. Accumulating economic information about organizations
b. Measuring economic information about organizations
c. Executing sales transactions for organizations
d. Communicating economic information about organizations
ANS: C PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

, 6. Which of the following is NOT a key component of the definition of accounting?
a. Financial
b. Qualitative
c. Useful
d. Decision-oriented
ANS: B PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

7. Which of the following is NOT a step in the decision making process?
a. Identify the issue.
b. Identify alternatives.
c. Select the option that will result in the greatest financial increase.
d. Gather information.
ANS: C PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Decision Modeling

8. Accounting can be best described as a
a. Manufacturing activity
b. Service activity
c. Retailing activity
d. All of these are correct
ANS: B PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

9. Which of the following is NOT a typical source of monetary resources used by business enterprise as
capital?
a. Investors
b. Creditors
c. Business earnings
d. Employees
ANS: D PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

10. Accountants typically perform what action related to the financial results of business activities?
a. Report the results of business activities
b. Advise on how to structure business activities
c. Both report the results of and advise on how to structure business activities
d. None of these are correct
ANS: C PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Reporting

11. The accounting cycle includes all of the following, EXCEPT:
a. Recording
b. Summarizing
c. Analyzing
d. Interpreting
ANS: D PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB Reflective Thinking | AICPA FN Measurement

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

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.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller mizhouubcca. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

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

Empieza a vender

Examen

Test Bank for Financial Accounting, IFRS Edition, 3rd Edition Albrecht (All Chapters included)

Información del documento

Temas

Escuela, estudio y materia

Vendedor

Comentarios recibidos

Vista previa del contenido