Test Bank For Money, Banking and Financial Markets, 6th Edition All Chapters - 9781260226782.pdf

DOWNLOAD THE Test Bank for Managerial Accounting 13th Edition Warren
p p p p p p p p p




CHAPTER 2: ANALYZING TRANSACTIONS
p p p




1. Accountspareprecordspofpincreasespandpdecreasespinpindividualpfinancialpstatementpitems.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.01p-pPurpose
ACCT.ACBSP.APC.02p-pGAAP
ACCT.AICPA.FN.03p-
pMeasurementpBUSPROG:pAnalytic



2. Apchartpofpaccountspispaplistingpofpaccountspthatpmakepuppthepjournal.
a. True
b. False

ANSWER: False
DIFFICULTY: Easy
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.01p-pPurpose
ACCT.ACBSP.APC.02p-pGAAP
ACCT.AICPA.FN.03p-
pMeasurementpBUSPROG:pAnalytic



3. Thepchartpofpaccountspshouldpbepthepsamepforpeachpbusiness.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.03p-
pBusinesspFormspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic




©p2016pCengagepLearning.pAllpRightspReserved.pMaypnotpbepscanned,pcopiedporpduplicated,porppostedptopappubliclypaccessiblepwebsite,pinpwholeporpinppart
.
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,DOWNLOAD THE Test Bank for Managerial Accounting 13th Edition Warren
p p p p p p p p p



Chapterp2:p AnalyzingpTransactions

4. Accountsppayableparepaccountspthatpyoupexpectpwillpbeppaidptopyou.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.04p-
pCashpvs.pAccrualpACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



5. Consumingpgoodspandpservicespinpthepprocesspofpgeneratingprevenuespresultspinpexpenses.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



6. Prepaidpexpensesparepanpexamplepofpanpexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.04p-
pCashpvs.pAccrualpACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic




©p2016pCengagepLearning.pAllpRightspReserved.pMaypnotpbepscanned,pcopiedporpduplicated,porppostedptopappubliclypaccessiblepwebsite,pinpwholeporpinppart
.
mynursytest.store

,DOWNLOAD THE Test Bank for Managerial Accounting 13th Edition Warren
p p p p p p p p p



Chapterp2:p AnalyzingpTransactions

7. ThepUnearnedpRevenuespaccountpispanpexamplepofpapliability.
a. True
b. False

ANSWER: True
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.04p-
pCashpvs.pAccrualpACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



8. ThepDividendspaccountpispanpexpense.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



9. Accountspinpthepledgerparepusuallypmaintainedpinpalphabeticalporder.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic




©p2016pCengagepLearning.pAllpRightspReserved.pMaypnotpbepscanned,pcopiedporpduplicated,porppostedptopappubliclypaccessiblepwebsite,pinpwholeporpinppart
.
mynursytest.store

, DOWNLOAD THE Test Bank for Managerial Accounting 13th Edition Warren
p p p p p p p p p



Chapterp2:p AnalyzingpTransactions

10. Dependingponpthepaccountptitle,ptheprightpsidepofpthepaccountpispreferredptopaspthepcreditpside.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



11. Topdeterminepthepbalancepinpanpaccount,palwayspsubtractpcreditspfrompdebits.
a. True
b. False

ANSWER: False
DIFFICULTY: Moderate
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic



12. Anpaccountpinpitspsimplestpformphaspthreeppartsptopit:paptitle,panpincreasepside,pandpapdecreasepside.
a. True
b. False

ANSWER: True
DIFFICULTY: Easy
Bloom's:pRemembering
LEARNINGpOBJECTIVES: FNMN.WARD.16.02-01p-pLO:p02-01
ACCREDITINGpSTANDARDS:p ACCT.ACBSP.APC.02p-pGAAP
ACCT.ACBSP.APC.06p-
pRecordingpTransactionspACCT.AICPA.FN.03p-

pMeasurementpBUSPROG:pAnalytic




©p2016pCengagepLearning.pAllpRightspReserved.pMaypnotpbepscanned,pcopiedporpduplicated,porppostedptopappubliclypaccessiblepwebsite,pinpwholeporpinppart
.
mynursytest.store