Testt Bankt Surveyt oft Accountingt 8tht Editiont Carlt Warren
1.tThetbasictelementstoftatfinancialtaccountingtsystemtincludetatframeworktfortpreparingtfinancialtstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-01t-tPurpose
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQNB
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
KC5R-CF1U-NA31-GHSU-OATA-8RSU-OA3Z-GOSU-QQMR-GCSU-1ATU-CO5G-NA3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQN
,2.tThetaccountingtequationtistexpressedtastfollows:tAssetst=tLiabilitiest+tStockholders'tEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQB3
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
CE5U-NATI-GBTD-OCB1-CRSU-EATI-8RSS-RP3T-GOSU-QA33-GHSS-G3UR-GRHU-CA3Z-E7JI-YT4D-JFNN-4OTI-GO4W-N
3.tAnytgiventtransactiontmusttaffecttattleastttwotdifferenttpartstoftthetaccountingtequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tUnderstanding
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQBA
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
CCT3-GA5G-EPJW-CASU-GQJU-CESU-YAMR-GOSU-OQDR-GOSS-NCBT-8YAD-1C5D-E7JI-YT4D-JFNN-4OTI-GO4W-NQN
4.tThetaccountingtequationtcantbetexpressedtas:tAssetst−tLiabilitiest=tRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 11/2/2016t4:53tAM
QUESTIONtID: JFND-GO3A-EW4R-GQNG
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
8RAU-OATZ-GTTU-GPUG-CRSU-NCDN-8RSS-CPTA-GOSU-13TU-CWSU-YPTS-CWHU-EPUD-E7JI-YT4D-JFNN-4OTI-GO4
5.tOntatstatementtoftcashtflows,teachtcashttransactiontistrecordedtandtclassifiedtastantoperating,tinvesting,tortfinancingtactivity.
a. True
b. False
1.tThetbasictelementstoftatfinancialtaccountingtsystemtincludetatframeworktfortpreparingtfinancialtstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-01t-tPurpose
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQNB
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
KC5R-CF1U-NA31-GHSU-OATA-8RSU-OA3Z-GOSU-QQMR-GCSU-1ATU-CO5G-NA3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQN
,2.tThetaccountingtequationtistexpressedtastfollows:tAssetst=tLiabilitiest+tStockholders'tEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQB3
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
CE5U-NATI-GBTD-OCB1-CRSU-EATI-8RSS-RP3T-GOSU-QA33-GHSS-G3UR-GRHU-CA3Z-E7JI-YT4D-JFNN-4OTI-GO4W-N
3.tAnytgiventtransactiontmusttaffecttattleastttwotdifferenttpartstoftthetaccountingtequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tUnderstanding
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 7/19/2016t9:45tAM
QUESTIONtID: JFND-GO3A-EW4R-GQBA
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
CCT3-GA5G-EPJW-CASU-GQJU-CESU-YAMR-GOSU-OQDR-GOSS-NCBT-8YAD-1C5D-E7JI-YT4D-JFNN-4OTI-GO4W-NQN
4.tThetaccountingtequationtcantbetexpressedtas:tAssetst−tLiabilitiest=tRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONtTYPE: Truet/tFalse
HAStVARIABLES: False
LEARNINGtOBJECTIVES: SACC.WARR.18.2-1t-tLO:t02.01
NATIONALtSTANDARDS: UnitedtStatest-tBUSPROG:tAnalytic
STATEtSTANDARDS: UnitedtStatest-tDISC:t-tACBSP:tAPC-06t-tRecordingtTransactions
UnitedtStatest-tAKt-tDISC:tAICPA:tFN-Measurement
KEYWORDS: Bloom's:tRemembering
DATEtCREATED: 7/19/2016t9:45tAM
DATEtMODIFIED: 11/2/2016t4:53tAM
QUESTIONtID: JFND-GO3A-EW4R-GQNG
QUESTIONtGLOBALtID: GCID-E7BW-1TBP-CE4U-KPTI-8R4D-CQB1-GY5N-4A3W-COHN-4PTT-CE4N-4AUF-CC5N-4PUG-CJ1U-RCJZ-GTDI-GWN8-
8RAU-OATZ-GTTU-GPUG-CRSU-NCDN-8RSS-CPTA-GOSU-13TU-CWSU-YPTS-CWHU-EPUD-E7JI-YT4D-JFNN-4OTI-GO4
5.tOntatstatementtoftcashtflows,teachtcashttransactiontistrecordedtandtclassifiedtastantoperating,tinvesting,tortfinancingtactivity.
a. True
b. False
