Testg Bankg Surveyg ofg Accountingg 8thg Editiong Carlg Warren
1.gThegbasicgelementsgofgagfinancialgaccountinggsystemgincludegagframeworkgforgpreparinggfinancialgstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-01g-gPurpose
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-
Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQNB
QUESTIONgGLOBALgID: 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.gThegaccountinggequationgisgexpressedgasgfollows:gAssetsg=gLiabilitiesg+gStockholders'gEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQB3
QUESTIONgGLOBALgID: 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.gAnyggivengtransactiongmustgaffectgatgleastgtwogdifferentgpartsgofgthegaccountinggequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gUnderstanding
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQBA
QUESTIONgGLOBALgID: 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.gThegaccountinggequationgcangbegexpressedgas:gAssetsg−gLiabilitiesg=gRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 11/2/2016g4:53gAM
QUESTIONgID: JFND-GO3A-EW4R-GQNG
QUESTIONgGLOBALgID: 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.gOngagstatementgofgcashgflows,geachgcashgtransactiongisgrecordedgandgclassifiedgasgangoperating,ginvesting,gorgfinancinggactivity.
a. True
b. False
1.gThegbasicgelementsgofgagfinancialgaccountinggsystemgincludegagframeworkgforgpreparinggfinancialgstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-01g-gPurpose
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-
Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQNB
QUESTIONgGLOBALgID: 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.gThegaccountinggequationgisgexpressedgasgfollows:gAssetsg=gLiabilitiesg+gStockholders'gEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQB3
QUESTIONgGLOBALgID: 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.gAnyggivengtransactiongmustgaffectgatgleastgtwogdifferentgpartsgofgthegaccountinggequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gUnderstanding
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 7/19/2016g9:45gAM
QUESTIONgID: JFND-GO3A-EW4R-GQBA
QUESTIONgGLOBALgID: 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.gThegaccountinggequationgcangbegexpressedgas:gAssetsg−gLiabilitiesg=gRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONgTYPE: Trueg/gFalse
HASgVARIABLES: False
LEARNINGgOBJECTIVES: SACC.WARR.18.2-1g-gLO:g02.01
NATIONALgSTANDARDS: UnitedgStatesg-gBUSPROG:gAnalytic
STATEgSTANDARDS: UnitedgStatesg-gDISC:g-gACBSP:gAPC-06g-
gRecordinggTransactions
UnitedgStatesg-gAKg-gDISC:gAICPA:gFN-Measurement
KEYWORDS: Bloom's:gRemembering
DATEgCREATED: 7/19/2016g9:45gAM
DATEgMODIFIED: 11/2/2016g4:53gAM
QUESTIONgID: JFND-GO3A-EW4R-GQNG
QUESTIONgGLOBALgID: 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.gOngagstatementgofgcashgflows,geachgcashgtransactiongisgrecordedgandgclassifiedgasgangoperating,ginvesting,gorgfinancinggactivity.
a. True
b. False
