Corporate Financial Accounting 17th Edition By Carl Warren, Jeff Jones, William Tayler (Test Bank).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. Accountsgaregrecordsgofgincreasesgandgdecreasesgingindividualgfinancialgstatementgitems.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.01g-gPurpose
ACCT.ACBSP.APC.02g-gGAAP
ACCT.AICPA.FN.03g-
gMeasurementgBUSPROG:gAnalytic



2. Agchartgofgaccountsgisgaglistinggofgaccountsgthatgmakegupgthegjournal.
a. True
b. False

ANSWER: False
DIFFICULTY: Easy
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.01g-gPurpose
ACCT.ACBSP.APC.02g-gGAAP
ACCT.AICPA.FN.03g-
gMeasurementgBUSPROG:gAnalytic



3. Thegchartgofgaccountsgshouldgbegthegsamegforgeachgbusiness.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.03g-
gBusinessgFormsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic




©g2016gCengagegLearning.gAllgRightsgReserved.gMaygnotgbegscanned,gcopiedgorgduplicated,gorgpostedgtogagpubliclygaccessiblegwebsite,gingwholegorgingpart
.
mynursytest.store

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

Warren
Chapterg2:g AnalyzinggTransactions

4. Accountsgpayablegaregaccountsgthatgyougexpectgwillgbegpaidgtogyou.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.04g-
gCashgvs.gAccrualgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



5. Consumingggoodsgandgservicesgingthegprocessgofggeneratinggrevenuesgresultsgingexpenses.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



6. Prepaidgexpensesgaregangexamplegofgangexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.04g-
gCashgvs.gAccrualgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic




©g2016gCengagegLearning.gAllgRightsgReserved.gMaygnotgbegscanned,gcopiedgorgduplicated,gorgpostedgtogagpubliclygaccessiblegwebsite,gingwholegorgingpart
.
mynursytest.store

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

Warren
Chapterg2:g AnalyzinggTransactions

7. ThegUnearnedgRevenuesgaccountgisgangexamplegofgagliability.
a. True
b. False

ANSWER: True
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.04g-
gCashgvs.gAccrualgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



8. ThegDividendsgaccountgisgangexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



9. Accountsgingthegledgergaregusuallygmaintainedgingalphabeticalgorder.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic




©g2016gCengagegLearning.gAllgRightsgReserved.gMaygnotgbegscanned,gcopiedgorgduplicated,gorgpostedgtogagpubliclygaccessiblegwebsite,gingwholegorgingpart
.
mynursytest.store

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

Warren
Chapterg2:g AnalyzinggTransactions

10. Dependinggongthegaccountgtitle,gthegrightgsidegofgthegaccountgisgreferredgtogasgthegcreditgside.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



11. Togdeterminegthegbalancegingangaccount,galwaysgsubtractgcreditsgfromgdebits.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic



12. Angaccountgingitsgsimplestgformghasgthreegpartsgtogit:gagtitle,gangincreasegside,gandgagdecreasegside.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:gRemembering
LEARNINGgOBJECTIVES: FNMN.WARD.16.02-01g-gLO:g02-01
ACCREDITINGgSTANDARDS:g ACCT.ACBSP.APC.02g-gGAAP
ACCT.ACBSP.APC.06g-
gRecordinggTransactionsgACCT.AICPA.FN.03g-

gMeasurementgBUSPROG:gAnalytic




©g2016gCengagegLearning.gAllgRightsgReserved.gMaygnotgbegscanned,gcopiedgorgduplicated,gorgpostedgtogagpubliclygaccessiblegwebsite,gingwholegorgingpart
.
mynursytest.store