assets, liabilities, stockholders' equity, revenues, expenses assets, liabilities, revenues, expenses, stockholders' equity c ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which are the parts of the T account? title, date, total date, debit side, credit side title, debit side, credit side title, debit side, total c ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts is designed to alphabetize the accounts to make reading easier for financial statement users organize accounts in order of dollar amount to simplify the accounting information for users summarize the transactions and determine ending account balances meet the information needs of a company's managers and other users of its financial statements d ANSWER: Challenging DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which group of accounts is comprised of only assets? Cash, Accounts Payable, Buildings Accounts Receivable, Revenue, Cash Prepaid Expenses, Buildings, Patents
assets, liabilities, stockholders' equity, revenues, expenses assets, liabilities, revenues, expenses, stockholders' equity ANSWER: c DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which are the parts of the T account? title, date, total date, debit side, credit side title, debit side, credit side title, debit side, total ANSWER: c DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts is designed to alphabetize the accounts to make reading easier for financial statement users organize accounts in order of dollar amount to simplify the accounting information for users summarize the transactions and determine ending account balances meet the information needs of a company's managers and other users of its financial statements ANSWER: d DIFFICULTY: Challenging Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which group of accounts is comprised of only assets? Cash, Accounts Payable, Buildings Accounts Receivable, Revenue, Cash Prepaid Expenses, Buildings, Patents
test-bank-financial-managerial-accounting-13th-edition-warren.docx