FinancialhAccountinghFundamentalsh8thhEditionhbyhWildh
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TRUE/FALSEh-hWriteh'T'hifhthehstatementhishtruehandh'F'hifhthehstatementhishfalse.h
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Externalhauditorshexaminehfinancialhstatementshtohverifyhthaththeyharehpreparedhaccordingh
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DOWNLOADhTHEhTesthBankhforhFinancialhAccountinghFundamentalsh8th
hhhhhhhhhhhhhhhhhhhhhhhhhhEditionhWild
mynursytest.store
FinancialhAccountinghFundamentalsh8thhEditionhbyhWildh
CH01h
Versionh1h
h
h
h
h
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6)h______
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DOWNLOADhTHEhTesthBankhforhFinancialhAccountinghFundamentalsh8th
hhhhhhhhhhhhhhhhhhhhhhhhhhEditionhWild
mynursytest.store
FinancialhAccountinghFundamentalsh8thhEditionhbyhWildh
CH01h
Versionh1h
, h
h
h
h
h
h
h
h
h
h
3h
h
h
12)h
Ahpartnershiphishahbusinesshownedhbyhtwohorhmorehpeople.h
12)h______
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ThehFinancialhAccountinghStandardshBoardh(FASB)hishgivenhthehtaskhofhsettinghgenerallyh
CH01h
Versionh1h
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h
h
h
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h
h
h
h
h
1h
TRUE/FALSEh-hWriteh'T'hifhthehstatementhishtruehandh'F'hifhthehstatementhishfalse.h
1)h
Accountinghishanhinformationhandhmeasurementhsystemhthathidentifies,hrecords,handh
communicateshanhorganization'shbusinesshactivities.h
1)h______
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⊚h
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⊚h
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Accountinghincludeshthehanalysishandhinterpretationhofhinformation.h
2)h______
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trueh
h
⊚h
falseh
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3)h
Financialhaccountinghfocuseshonhthehneedshofhexternalhusers,hwhohgethaccountingh
informationhfromhgeneral-purposehfinancialhstatements.h
3)h______
h
⊚h
trueh
h
⊚h
falseh
h
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Internalhusershofhaccountinghinformationhdohnothdirectlyhmanagehthehorganizationhandh
havehlimitedhaccesshtohitshaccountinghinformation.h
4)h______
h
⊚h
,trueh
h
⊚h
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5)h
Auditorshverifyhtheheffectivenesshofhinternalhcontrols.h
5)h______
h
⊚h
trueh
h
⊚h
falseh
h
h
6)h
Externalhauditorshexaminehfinancialhstatementshtohverifyhthaththeyharehpreparedhaccordingh
tohgenerallyhacceptedhaccountinghprinciples.h
DOWNLOADhTHEhTesthBankhforhFinancialhAccountinghFundamentalsh8th
hhhhhhhhhhhhhhhhhhhhhhhhhhEditionhWild
mynursytest.store
FinancialhAccountinghFundamentalsh8thhEditionhbyhWildh
CH01h
Versionh1h
h
h
h
h
h
h
h
h
h
h
2h
6)h______
h
⊚h
trueh
h
⊚h
falseh
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7)h
Externalhusershincludehlenders,hshareholders,hcustomers,handhregulators.h
7)h______
h
⊚h
trueh
h
⊚h
falseh
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Internalhusershincludehlenders,hshareholders,hbrokershandhnonexecutivehemployees.h
8)h______
h
⊚h
trueh
h
⊚h
falseh
h
h
9)h
Opportunitieshinhaccountinghincludehauditing,hconsulting,hmarkethresearch,handhtaxh
planning.h
9)h______
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⊚h
trueh
h
⊚h
falseh
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h
10)h
Thehfraudhtrianglehshowshthaththreehfactorshthathpushhahpersonhtohcommithfraudhareh
opportunity,hpressure,handhrationalization.h
10)h______
h
⊚h
trueh
h
⊚h
falseh
h
h
11)h
Internalhcontrolsharehprocedureshtohprotecthassets,hensurehreliablehaccounting,hpromoteh
efficiency,handhupholdhcompanyhpolicies.h
11)h______
h
⊚h
trueh
h
⊚h
falseh
DOWNLOADhTHEhTesthBankhforhFinancialhAccountinghFundamentalsh8th
hhhhhhhhhhhhhhhhhhhhhhhhhhEditionhWild
mynursytest.store
FinancialhAccountinghFundamentalsh8thhEditionhbyhWildh
CH01h
Versionh1h
, h
h
h
h
h
h
h
h
h
h
3h
h
h
12)h
Ahpartnershiphishahbusinesshownedhbyhtwohorhmorehpeople.h
12)h______
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⊚h
trueh
h
⊚h
falseh
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13)h
Ownershofhahcorporationharehcalledhshareholdershorhstockholders.h
13)h______
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trueh
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falseh
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14)h
Inhahpartnership,hthehownersharehcalledhstockholders.h
14)h______
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trueh
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15)h
Thehbalancehsheethshowshahcompany'shnethincomehorhlosshoverhahperiodhofhtime.
15)h______
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16)h
ThehFinancialhAccountinghStandardshBoardh(FASB)hishgivenhthehtaskhofhsettinghgenerallyh
