Which of the following accounts is an owner's equity account? Cash Accounts Payable Prepaid Insurance Ross Morris, Capital d ANSWER: Easy DIFFICULTY: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The gross increases in owner's equity attributable to business activities are called assets liabilities revenues expenses c ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A chart of accounts is the same as a balance sheet usually a listing of accounts in alphabetical usually a listing of accounts in financial statement used in place of a ledger c ANSWER: Moderate DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic
Which of the following accounts is an owner's equity account? Cash Accounts Payable Prepaid Insurance Ross Morris, Capital ANSWER: d DIFFICULTY: Easy Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The gross increases in owner's equity attributable to business activities are called assets liabilities revenues expenses ANSWER: c DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: - GAAP ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A chart of accounts is the same as a balance sheet usually a listing of accounts in alphabetical usually a listing of accounts in financial statement used in place of a ledger ANSWER: c DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic
Test-Bank-for-Accounting-26th-Edition-by-Warren.docx