Test Bank for Corporate Financial Accounting, 19th Edition by Carl Warren.pdf

DOWNLOAD THE Test Bank for Corporate Financial Accounting 13th Edition Warre
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CHAPTER 2: ANALYZING TRANSACTIONS
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1. Accountsdaredrecordsdofdincreasesdandddecreasesdindindividualdfinancialdstatementditems.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.01d-dPurpose
ACCT.ACBSP.APC.02d-dGAAP
ACCT.AICPA.FN.03d-
dMeasurementdBUSPROG:dAnalytic



2. Adchartdofdaccountsdisdadlistingdofdaccountsdthatdmakedupdthedjournal.
a. True
b. False

ANSWER: False
DIFFICULTY: Easy
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.01d-dPurpose
ACCT.ACBSP.APC.02d-dGAAP
ACCT.AICPA.FN.03d-
dMeasurementdBUSPROG:dAnalytic



3. Thedchartdofdaccountsdshoulddbedthedsamedfordeachdbusiness.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.03d-
dBusinessdFormsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic




©d2016dCengagedLearning.dAlldRightsdReserved.dMaydnotdbedscanned,dcopieddordduplicated,dordposteddtodadpubliclydaccessibledwebsite,dindwholedordindpart
.
mynursytest.store

,DOWNLOAD THE Test Bank for Corporate Financial Accounting 13th Edition
d d d d d d d d d

Warren
Chapterd2:d AnalyzingdTransactions

4. Accountsdpayabledaredaccountsdthatdyoudexpectdwilldbedpaiddtodyou.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.04d-
dCashdvs.dAccrualdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



5. Consumingdgoodsdanddservicesdindthedprocessdofdgeneratingdrevenuesdresultsdindexpenses.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



6. Prepaiddexpensesdaredandexampledofdandexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.04d-
dCashdvs.dAccrualdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic




©d2016dCengagedLearning.dAlldRightsdReserved.dMaydnotdbedscanned,dcopieddordduplicated,dordposteddtodadpubliclydaccessibledwebsite,dindwholedordindpart
.
mynursytest.store

,DOWNLOAD THE Test Bank for Corporate Financial Accounting 13th Edition
d d d d d d d d d

Warren
Chapterd2:d AnalyzingdTransactions

7. ThedUnearneddRevenuesdaccountdisdandexampledofdadliability.
a. True
b. False

ANSWER: True
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.04d-
dCashdvs.dAccrualdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



8. ThedDividendsdaccountdisdandexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



9. Accountsdindthedledgerdaredusuallydmaintaineddindalphabeticaldorder.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic




©d2016dCengagedLearning.dAlldRightsdReserved.dMaydnotdbedscanned,dcopieddordduplicated,dordposteddtodadpubliclydaccessibledwebsite,dindwholedordindpart
.
mynursytest.store

, DOWNLOAD THE Test Bank for Corporate Financial Accounting 13th Edition
d d d d d d d d d

Warren
Chapterd2:d AnalyzingdTransactions

10. Dependingdondthedaccountdtitle,dthedrightdsidedofdthedaccountdisdreferreddtodasdthedcreditdside.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



11. Toddeterminedthedbalancedindandaccount,dalwaysdsubtractdcreditsdfromddebits.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic



12. Andaccountdinditsdsimplestdformdhasdthreedpartsdtodit:dadtitle,dandincreasedside,danddaddecreasedside.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:dRemembering
LEARNINGdOBJECTIVES: FNMN.WARD.16.02-01d-dLO:d02-01
ACCREDITINGdSTANDARDS:d ACCT.ACBSP.APC.02d-dGAAP
ACCT.ACBSP.APC.06d-
dRecordingdTransactionsdACCT.AICPA.FN.03d-

dMeasurementdBUSPROG:dAnalytic




©d2016dCengagedLearning.dAlldRightsdReserved.dMaydnotdbedscanned,dcopieddordduplicated,dordposteddtodadpubliclydaccessibledwebsite,dindwholedordindpart
.
mynursytest.store