Accounting 102 chapter 2 - Study guides, Class notes & Summaries

Fundamental Managerial Accounting Concepts, 9e (Edmonds) Chapter 1 Management Accounting and Corporate Governance 1) Ashley Bradshaw is the manager of one department in a large store. In this capacity, which of the following kinds of information would she be interested in? A) Economic data B) Financial data C) Nonfinancial data D) Financial, economic, and nonfinancial data 2) All of the following are features of managerial accounting except: A) information is provided primarily to insider...

CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 C 9. 1 K 17. 2 C 25. 3 C 33. 2 C 2. 1 K 10. 2 K 18. 2 K 26. 3 C 34. 2 K 3. 1 K 11. 2 K 19. 2 K 27. 3 K 35. 2 K 4. 1 K 12. 2 K 20. 2 K 28. 4 K 36. 3 K 5. 1 K 13. 2 K 21. 3 K 29. 4 K 37. 3 K 6. 1 K 14. 2 C 22. 3 K 30. 4 K 7. 1 C 15. 2 C 23. 3 K 31. 1 K 8. 1 K 16. 2 K 24. 3 K 32. 1 K Mult...

Chapter 03 1. Which of the following is/are not true about a proper journal entry? a. An explanation is needed immediately after each debit and immediately after each credit. b. All credits are indented. c. A debit is never indented, even if a liability or owner's equity account is involved. d. All debits are listed before the first credit. e. In a compound entry, the largest amounts are listed first. ANSWER: POINTS: DIFFICULTY: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARD...

TEST BANK FOR ACCOUNTING,, TOOLS FOR BUSINESS DECISION MAKING 6TH EDITION PAUL D. KIMMEL, JERRY J. WEYGANDT, DONALD E. KIESO CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 12. 2 K 23. 2 K 34. 3 K 45. 3 K 2. 1 K 13. 2 K 24. 2 K 35. 3 C 46. 3 K 3. 1 K 14. 2 K 25. 2 C 36. 3 K 47. 3 K 4. 1 K 15. 2 K 26. 3 K 37. 3 K 48. 3 K 5. 1 C 16...

Test Bank for South-Western Federal Taxation 2024 Essentials of Taxation Individuals and Business Entities, 27th Edition By Annette Nellen Solution and Answer Guide: Nellen, Cuccia, Persellin, Young, SWFT Essentials of Taxation: Individuals and Business Entities 2024, 9780357900796; Chapter 1: Introduction to Taxation © 2024 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible 1 website, in whole or in part. Solution and Answer Guid...

Chapter 03 Analyzing Business Transactions Using T Accounts MULTIPLE CHOICE QUESTIONS 1) When preparing the trial balance, the total debits MUST equal the total credits. A) True B) False Answer: A Explanation: Diff: 1 Topic: Transactions That Affect Revenue, Expenses, and Withdrawals Learning Objective: 03-05 Prepare a trial balance from T accounts. Bloom's: Remember AACSB: Analytical Thinking AICPA: BB Industry; FN Reporting 2) Credits increase Liabilities, Owner's Equity, and Revenu...

Chapter 03 Analyzing Business Transactions Using T Accounts MULTIPLE CHOICE QUESTIONS 1) When preparing the trial balance, the total debits MUST equal the total credits. A) True B) False Answer: A Explanation: Diff: 1 Topic: Transactions That Affect Revenue, Expenses, and Withdrawals Learning Objective: 03-05 Prepare a trial balance from T accounts. Bloom's: Remember AACSB: Analytical Thinking AICPA: BB Industry; FN Reporting 2) Credits increase Liabilities, Owner's Equity, and Revenu...

Chapter 03 - Ratios and Proportions Multiple Choice Questions 1. Express the ratio 0.25 : 1.40 : 8.50 in its lowest terms A. 1 : 5.6 : 34 B. 5 : 14 : 85 C. 5 : 28 : 170 D. 2 : 28 : 170 E. 2 : 14 : 85 Difficulty: Easy Learning Objective: 03-01 Set up and manipulate ratios. Topic: 03-02 Reducing a Ratio to its Lowest Terms 2. In 1999, Acme Company's total overhead of $685,000 was allocated as follows: 18% to division A, 42% to division B, and the remainder to division C. What is the ratio...

CHAPTER 15(14) – FINANCIAL STATEMENT ANALYSIS 1. Comparable financial statements are designed to compare the financial statements of two or more corporations. a. True b. False ANSWER: DIFFICULTY: LEARNING OBJECTIVES: ACCREDITING STANDARDS: False Easy Bloom’s: Remembering ACCT.WARD.16. ACCT.ACBSP.APC.23 - Financial Statement Analysis ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic 2. In horizontal analysis, the current year is the base year. a. True b. False ANSWER: DIFFICULTY: ...

TESTBANK&SOLUTION MANUAL FOR Managerial AccountingTools for Business Decision Making, 6th Canadian Edition, Jerry Weygandt, Paul Kimmel, Ibrahim Aly CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, BLOOM’S TAXONOMY, LEVEL OF DIFFICULTY, AACSB CODES, AND CPA CODES Item LOBTLODAACSB CPA Item LO BT LODAACSB CPA Item LO BT LODAACSB CPA True-False Statements 1. 1 C E AN MA 3. 2 K E AN MA 5. 4 K E AN MA 2. 1 C E AN MA 4. 2 K E AN MA Multiple Choice Ques...