Test Bank for Financial & Managerial Accounting 13th Edition By Warren
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Edition: 13th Edition
Format: Downloadable ZIP Fille
Resource Type: Test bank
Duration: Unlimited downloads
Delivery: Instant Download
Test Bank for Financial & Managerial Accounting 13th Edition By Warren
Test Bank for Financial & Managerial Accounting 13th Edition By Warren
Test Bank for Financial & Managerial Accounting 13th Edition
Financial & Managerial Accounting 13th Edition By Warren – Test Bank
Financial & Managerial Accounting
- A corporation is a business that is legally separate and distinct from its owners.
- True
- False
ANSWER: True
DIFFICULTY: Easy
Bloom’s: Remembering
LEARNING OBJECTIVES: FNMN.WARD.16.01-01 – LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 – Business Forms
ACCT.AICPA.BB.01 – Industry
ACCT.AICPA.FN.03 – Measurement
BUSPROG: Analytic
- The role of accounting is to provide many different users with financial information to make economic decisions.
- True
- False
ANSWER: True
DIFFICULTY: Moderate
Bloom’s: Remembering
LEARNING OBJECTIVES: FNMN.WARD.16.01-01 – LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose
ACCT.AICPA.FN.03 – Measurement
BUSPROG: Analytic
- Accounting information users need reports about the economic activities and condition of businesses.
- True
- False
ANSWER: True
DIFFICULTY: Easy
Bloom’s: Remembering
LEARNING OBJECTIVES: FNMN.WARD.16.01-01 – LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose
ACCT.AICPA.BB.01 – Industry
ACCT.AICPA.FN.03 – Measurement
BUSPROG: Analytic
- Managerial accounting information is used by external and internal users equally.
- True
- False
ANSWER: False
DIFFICULTY: Easy
Bloom’s: Remembering
LEARNING OBJECTIVES: FNMN.WARD.16.01-01 – LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose
ACCT.ACBSP.APC.25 – Managerial Characteristics/Terminology
ACCT.AICPA.FN.03 – Measurement
BUSPROG: Analytic
5.Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companies where they work.
- True
- False
ANSWER: False
DIFFICULTY: Easy
Bloom’s: Remembering
LEARNING OBJECTIVES: FNMN.WARD.16.01-01 – LO: 01-01
ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – Purpose
ACCT.AICPA.BB.03 – Legal
ACCT.AICPA.FN.03 – Measurement
BUSPROG: Ethics
MAECENAS IACULIS
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ADIPISCING CONVALLIS BULUM
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