Test Bank For Accounting 26th Edition Carl Warren James M Reeve Jonathan Duchac

Edition: 26th Edition

Format: Downloadable ZIP File

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Test Bank For Accounting 26th Edition Carl Warren James M Reeve Jonathan Duchac

Accounting 26th Edition Carl Warren James M Reeve Jonathan Duchac Test bank

Accounting 26th Edition Carl Warren James M Reeve Jonathan Duchac

Accounting 26th Edition

Accounting

A corporation is a business that is legally separate and distinct from its owners.
1. True
2. False

ANSWER: True

DIFFICULTY: Easy

Bloom’s: Remembering

LEARNING OBJECTIVES: ACCT.WARD.16.01-01 – 01-01

ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 – Business Forms

ACCT.AICPA.BB.01 – Industry

ACCT.AICPA.FN.03 – MeasurementBUSPROG: Analytic

The role of accounting is to provide many different users with financial information to make economic decisions.
1. True
2. False

ANSWER: True

DIFFICULTY: Moderate

Bloom’s: Remembering

LEARNING OBJECTIVES: ACCT.WARD.16.01-01 – 01-01

ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose

ACCT.AICPA.FN.03 – MeasurementBUSPROG: Analytic

Accounting information users need reports about the economic activities and condition of businesses.
1. True
2. False

ANSWER: True

DIFFICULTY: Easy

Bloom’s: Remembering

LEARNING OBJECTIVES: ACCT.WARD.16.01-01 – 01-01

ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose

ACCT.AICPA.BB.01 – Industry

ACCT.AICPA.FN.03 – MeasurementBUSPROG: Analytic

Managerial accounting information is used by external and internal users equally.
1. True
2. False

ANSWER: False

DIFFICULTY: Easy

Bloom’s: Remembering

LEARNING OBJECTIVES: ACCT.WARD.16.01-01 – 01-01

ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose

ACCT.ACBSP.APC.25 – Managerial Characteristics/TerminologyACCT.AICPA.FN.03 – Measurement

BUSPROG: Analytic

Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companieswhere they work.
1. True
2. False

ANSWER: False

DIFFICULTY: Easy

Bloom’s: Remembering

LEARNING OBJECTIVES: ACCT.WARD.16.01-01 – 01-01

ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose

ACCT.AICPA.BB.03 – Legal

ACCT.AICPA.FN.03 – MeasurementBUSPROG: Ethics

MAECENAS IACULIS

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ADIPISCING CONVALLIS BULUM

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