100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
College Accounting John Price 15th Edition- Test Bank €21,55
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Accounting - Test Bank
  4.  
  5. Accounting - Test Bank
  6.  
  7. Accounting - Test Bank

Tentamen (uitwerkingen)

College Accounting John Price 15th Edition- Test Bank
 0 keer verkocht
  • Vak
  • Accounting - Test Bank
  • Instelling
  • Accounting - Test Bank

Chapter 01 Accounting: The Language of Business MULTIPLE CHOICE QUESTIONS 1) The purpose of accounting is to provide financial information about an economic or social entity. A) True B) False Answer: A Explanation: Diff: 1 Topic: What is Accounting Learning Objective: 01-01 Define accounting...

[Meer zien]

Voorbeeld 4 van de 1704  pagina's

Document informatie

  • 15 september 2023
  • 1704
  • 2022/2023
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • complete test bank
  • all chapters included
  • college accounting john price 15th edition

Geschreven voor

  • Accounting - Test Bank
  • Accounting - Test Bank
  • Accounting - Test Bank
Alle documenten voor dit vak (60)

Verkoper

avatar-seller
ExamsExpert

Ontvangen beoordelingen

Voorbeeld van de inhoud

, Chapter 01 Accounting: The Language of Business

MULTIPLE CHOICE QUESTIONS

1) The purpose of accounting is to provide financial information about an economic or social entity.
A) True
B) False
Answer: A
Explanation:
Diff: 1
Topic: What is Accounting
Learning Objective: 01-01 Define accounting.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making


2) An accounting system is designed to accumulate and classify data about a company's financial
activities and summarize them in the general journal.
A) True
B) False
Answer: B
Explanation:
Diff: 1
Topic: What is Accounting; Defining Accounting Terms
Learning Objective: 01-01 Define accounting.; 01-06 Define the accounting terms new to this chapter.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making


3) In a sole proprietorship, the owner is NOT responsible for the debts of the business if the company
is unable to pay.
A) True
B) False
Answer: B
Explanation:
Diff: 1
Topic: Business and Accounting; Defining Accounting Terms
Learning Objective: 01-06 Define the accounting terms new to this chapter.; 01-04 Compare and contrast the three types of business
entities.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: FN Decision Making; BB Legal




1
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

, 4) Laws passed by Congress in 1933 and 1934 gave the Securities and Exchange Commission (SEC)
final say on matters of financial reporting by publicly owned corporations.
A) True
B) False
Answer: A
Explanation:
Diff: 2
Topic: What is Accounting
Learning Objective: 01-03 Identify the users of financial information.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making; BB Legal


5) Currently, generally accepted accounting principles are developed by the American Institute of
Certified Public Accountants (AICPA).
A) True
B) False
Answer: B
Explanation:
Diff: 1
Topic: Business and Accounting
Learning Objective: 01-05 Describe the process used to develop generally accepted accounting principles.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making; BB Legal


6) The Securities and Exchange Commission (SEC) requires that publicly owned corporations submit
financial statements to it at least one time each year.
A) True
B) False
Answer: A
Explanation:
Diff: 1
Topic: Business and Accounting
Learning Objective: 01-05 Describe the process used to develop generally accepted accounting principles.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making; BB Legal




2
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

, 7) Public accounting firms provide three major types of services: auditing, tax accounting, and
management advisory services.
A) True
B) False
Answer: A
Explanation:
Diff: 1
Topic: What is Accounting
Learning Objective: 01-02 Identify and discuss career opportunities in accounting.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making


8) The financial statements and the auditor's report must be made available to stockholders of publicly
owned corporations.
A) True
B) False
Answer: A
Explanation:
Diff: 2
Topic: Business and Accounting
Learning Objective: 01-05 Describe the process used to develop generally accepted accounting principles.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; BB Legal; FN Reporting


9) Anyone can invest in a closely held corporation.
A) True
B) False
Answer: B
Explanation:
Diff: 2
Topic: Business and Accounting
Learning Objective: 01-04 Compare and contrast the three types of business entities.
Bloom's: Remember
AACSB: Analytical Thinking
AICPA: BB Industry; FN Decision Making; BB Legal




3
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ExamsExpert. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €21,55. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 71851 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

FGCU Civic Literacy Exam With Complete Answers 2024.

Tentamen (uitwerkingen) ·

(0)

COL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 2024

Samenvatting ·

(0)

Vermogens- en successieplanning (MBF70A, Stef Mannaerts)

Tentamen (uitwerkingen) ·

(0)

NFHS Basketball Exam Part II with complete solutions

Tentamen (uitwerkingen) ·

(0)

ATI PN 2023 C0MPREHENSIVE EXAM QUESTIONS AND ANSWERS

Tentamen (uitwerkingen) ·

(0)

ATI & NCLEX REVIEW/ TEST 1 already graded A+ 2024/2025

Essay ·

(0)

S16 Empowerment en cliëntversterkend werken CIJFER 8

Voordeelbundel ·

(0)

INTRODUCTION TO PSYCHOLOGY CLEP EXAM Package Deal.

Tentamen (uitwerkingen) ·

(0)

BUAD 331 Supply Chain Exam 2 correctly answered 2024

€21,55
  • (0)
In winkelwagen
Toegevoegd