$95,000 $140,000 $115,000 d ANSWER: Moderate DIFFICULTY: Bloom's: Applying FNMN.WARD.16.01-02 - LO: 01-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 GAAP ACCREDITING STANDARDS: – ACCT.ACBSP.APC.13 - Long-term Assets Reporting ACCT.AICPA.BB.01 Industry – ACCT.AICPA.FN.03 Measurement – BUSPROG: Analytic Select the type of business that is most likely to obtain large amounts of resources by issuing stock. partnership corporation proprietorship government entity b ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.01-02 - LO: 01-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.03 - Business Forms ACCREDITING STANDARDS: ACCT.AICPA.BB.01 Industry – ACCT.AICPA.FN.03 Measurement – BUSPROG: Analytic Which of the following is not a characteristic of a corporation? Corporations are organized as a separate legal taxable entity. Ownership is divided into shares of stock. Corporations experience an ease in obtaining large amounts of resources by issuing stock. A resources are limited to its individual resources. corporation’s owners’ d ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.01-02 - LO: 01-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.03 - Business Forms ACCREDITING STANDARDS: ACCT.ACBSP.APC.20 - Accounting for Corporations ACCT.AICPA.BB.01 Industry – ACCT.AICPA.FN.03 Measurement – BUSPROG: Analytic Within the United States, the dominant body in the primary development of accounting principles is the American Institute of Certified Public Accountants (AICPA) American Accounting Association (AAA) Financial Accounting Standards Board (FASB) Institute of Management Accountants (IMA) c ANSWER: Easy DIFFICULTY:
$95,000 $140,000 $115,000 ANSWER: d DIFFICULTY: Moderate Bloom's: Applying LEARNING OBJECTIVES: FNMN.WARD.16.01-02 - LO: 01-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 – GAAP ACCT.ACBSP.APC.13 - Long-term Assets Reporting ACCT.AICPA.BB.01 – Industry ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic Select the type of business that is most likely to obtain large amounts of resources by issuing stock. partnership corporation proprietorship government entity ANSWER: b DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.01-02 - LO: 01-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms ACCT.AICPA.BB.01 – Industry ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic Which of the following is not a characteristic of a corporation? Corporations are organized as a separate legal taxable entity. Ownership is divided into shares of stock. Corporations experience an ease in obtaining large amounts of resources by issuing stock. A corporation’s resources are limited to its individual owners’ resources. ANSWER: d DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.01-02 - LO: 01-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms ACCT.ACBSP.APC.20 - Accounting for Corporations ACCT.AICPA.BB.01 – Industry ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic Within the United States, the dominant body in the primary development of accounting principles is the American Institute of Certified Public Accountants (AICPA) American Accounting Association (AAA) Financial Accounting Standards Board (FASB) Institute of Management Accountants (IMA) ANSWER: c DIFFICULTY: Easy
FinMan_Chapter_01_Introduction_to_Accounting_and_Business.docx