ACCT.ACBSP.APC.03 - Business Forms ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A debit may signify a(n) decrease in asset accounts decrease in liability accounts increase in the common stock account decrease in the dividends account b ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following types of accounts have a normal credit balance? assets and liabilities liabilities and expenses revenues and common stock common stock and dividends c ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following groups of accounts have a normal debit balance? revenues, liabilities, and stockholders' equity stockholders' equity and assets liabilities and stockholders' equity assets and expenses d ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES:
ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A debit may signify a(n) decrease in asset accounts decrease in liability accounts increase in the common stock account decrease in the dividends account ANSWER: b DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following types of accounts have a normal credit balance? assets and liabilities liabilities and expenses revenues and common stock common stock and dividends ANSWER: c DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following groups of accounts have a normal debit balance? revenues, liabilities, and stockholders' equity stockholders' equity and assets liabilities and stockholders' equity assets and expenses ANSWER: d DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02
Financial-Managerial-Accounting-13th-Edition-Test-Bank-Warren-Reeve-Duchac.docx