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 The stockholders' equity will be reduced by all of the following except revenues expenses dividends all of these a ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $1,500 Fees earned $3,600 Accounts receivable 1,800 Insurance expense 1,300 Prepaid insurance 2,000 Land 3,000 Cash 3,200 expense 1,400 Dividends 1,200 Common 8,800 Total assets are a. $10,000 b. $8,000 c. $9,700 d. $9,800 a ANSWER: Challenging DIFFICULTY: Bloom's: Applying LEARNING OBJECTIVES: - LO: 02-01 - ACCREDITING GAAP ACCT.ACBSP.APC.09
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 The stockholders' equity will be reduced by all of the following except revenues expenses dividends all of these ANSWER: a DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: - GAAP ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $1,500 Fees earned $3,600 Accounts receivable 1,800 Insurance expense 1,300 Prepaid insurance 2,000 Land 3,000 Cash 3,200 expense 1,400 Dividends 1,200 Common 8,800 Total assets are a. $10,000 b. $8,000 c. $9,700 d. $9,800 ANSWER: a DIFFICULTY: Challenging Bloom's: Applying LEARNING OBJECTIVES: - LO: 02-01 ACCREDITING - GAAP ACCT.ACBSP.APC.09
test-bank-financial-managerial-accounting-13th-edition-warren.docx