Testc Bankc Surveyc ofc Accountingc 8thc Editionc Carlc Warren
1.cThecbasiccelementscofcacfinancialcaccountingcsystemcincludecacframeworkcforcpreparingcfinancialcstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-01c-cPurpose
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQNB
QUESTIONcGLOBALcID: 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.cThecaccountingcequationciscexpressedcascfollows:cAssetsc=cLiabilitiesc+cStockholders'cEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQB3
QUESTIONcGLOBALcID: 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.cAnycgivenctransactioncmustcaffectcatcleastctwocdifferentcpartscofcthecaccountingcequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cUnderstanding
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQBA
QUESTIONcGLOBALcID: 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.cThecaccountingcequationccancbecexpressedcas:cAssetsc−cLiabilitiesc=cRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 11/2/2016c4:53cAM
QUESTIONcID: JFND-GO3A-EW4R-GQNG
QUESTIONcGLOBALcID: 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.cOncacstatementcofccashcflows,ceachccashctransactionciscrecordedcandcclassifiedcascancoperating,cinvesting,corcfinancingcactivity.
a. True
b. False
1.cThecbasiccelementscofcacfinancialcaccountingcsystemcincludecacframeworkcforcpreparingcfinancialcstatements.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-01c-cPurpose
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQNB
QUESTIONcGLOBALcID: 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.cThecaccountingcequationciscexpressedcascfollows:cAssetsc=cLiabilitiesc+cStockholders'cEquity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQB3
QUESTIONcGLOBALcID: 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.cAnycgivenctransactioncmustcaffectcatcleastctwocdifferentcpartscofcthecaccountingcequation.
, a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cUnderstanding
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 7/19/2016c9:45cAM
QUESTIONcID: JFND-GO3A-EW4R-GQBA
QUESTIONcGLOBALcID: 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.cThecaccountingcequationccancbecexpressedcas:cAssetsc−cLiabilitiesc=cRevenues.
a. True
b. False
, ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTIONcTYPE: Truec/cFalse
HAScVARIABLES: False
LEARNINGcOBJECTIVES: SACC.WARR.18.2-1c-cLO:c02.01
NATIONALcSTANDARDS: UnitedcStatesc-cBUSPROG:cAnalytic
STATEcSTANDARDS: UnitedcStatesc-cDISC:c-cACBSP:cAPC-06c-cRecordingcTransactions
UnitedcStatesc-cAKc-cDISC:cAICPA:cFN-Measurement
KEYWORDS: Bloom's:cRemembering
DATEcCREATED: 7/19/2016c9:45cAM
DATEcMODIFIED: 11/2/2016c4:53cAM
QUESTIONcID: JFND-GO3A-EW4R-GQNG
QUESTIONcGLOBALcID: 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.cOncacstatementcofccashcflows,ceachccashctransactionciscrecordedcandcclassifiedcascancoperating,cinvesting,corcfinancingcactivity.
a. True
b. False
