c ANSWER: Moderate DIFFICULTY: Applying FNMN.WARD.16.02-03 - LO: 02-03 LEARNING OBJECTIVES: - Accounting Cycle ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic What is the posting reference that will be in the prepaid insurance account? 11 15 3 13 c ANSWER: Moderate DIFFICULTY: Bloom's: Applying FNMN.WARD.16.02-03 - LO: 02-03 LEARNING OBJECTIVES: - Accounting Cycle ACCREDITING STANDARDS: - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic What posting references will be in the journal entry? a. 15, 11 b. 15, 3 c. 11, 3 d. 3, 15 a ANSWER: Challenging DIFFICULTY: Bloom's: Applying FNMN.WARD.16.02-03 - LO: 02-03 LEARNING OBJECTIVES: ACCT.ACBSP.APC.05 - Accounting Cycle ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15
ANSWER: c DIFFICULTY: Moderate Applying LEARNING OBJECTIVES: FNMN.WARD.16.02-03 - LO: 02-03 ACCREDITING STANDARDS: - Accounting Cycle ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic What is the posting reference that will be in the prepaid insurance account? 11 15 3 13 ANSWER: c DIFFICULTY: Moderate Bloom's: Applying LEARNING OBJECTIVES: FNMN.WARD.16.02-03 - LO: 02-03 ACCREDITING STANDARDS: - Accounting Cycle - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic What posting references will be in the journal entry? a. 15, 11 b. 15, 3 c. 11, 3 d. 3, 15 ANSWER: a DIFFICULTY: Challenging Bloom's: Applying LEARNING OBJECTIVES: FNMN.WARD.16.02-03 - LO: 02-03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.05 - Accounting Cycle ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15
test-bank-financial-managerial-accounting-13th-edition-warren.docx