College accounting 12th edition slater test bank

... Learning Outcome: Define accounting terms, accounting concepts and principles 8) Why is Revenue increased on the Credit side? (Explain as it pertains to the expanded accounting equation and its ... AACSB: Communication Abilities Learning Outcome: Define accounting terms, accounting concepts and principles 2.2 Learning Objective 2-2 1) An accounting device used to record increases...

Ngày tải lên: 19/10/2017, 16:11

... diverse Answer: D Objective: LO1 Difficulty: Easy 7) Pond Corporation uses the fair value method of accounting for its investment in Swan Company Which one of the following events would affect the ... (219,050) $280,950 Objective: LO5 Difficulty: Moderate 10) An investor uses the cost method of accounting for its investment in common stock During the current year, the investor received $2...

Ngày tải lên: 08/09/2017, 09:08

... when the majority owner has control if: a The subsidiary is in bankruptcy b A manufacturing-based parent has a subsidiary involved in banking activities c The subsidiary is located in a foreign ... LEARNING OBJECTIVES: ADAC.FISC.2-8 31 The SEC requires the use of push-down accounting in some specific situations Push-down accounting results in: a goodwill be recorded in the parent company...

Ngày tải lên: 08/09/2017, 09:09

... interests accounting method will now be accounted for under the acquisition method of accounting for business combinations E Companies previously using the purchase or pooling of interests accounting ... amortization B a definite-lived asset subject to testing for impairment C an indefinite-lived asset subject to amortization D an indefinite-lived asset subject to testing for impairment...

Ngày tải lên: 08/09/2017, 09:09

... simplified and whose numerator is prime and whose denominator is not prime 222) 30 220) Answer Key Testname: UNTITLED2 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21) 22) ... C B C D D A C B B C B D A B A B A B A B A B C B C B C B D B B D B C A D A D B B A 31 Answer Key Testname: UNTITLED2 51) 52) 53) 54) 55) 56) 57) 58) 59) 60) 61) 62) 63) 64) 65) 66) 67) 68) 69) ....

Ngày tải lên: 08/09/2017, 09:32

... owner's equity and record these effects in accounting equation form Topic: Accounting Equation and Financial Statements When using the fundamental accounting equation, an accountant must make ... distribution without the prior written consent of McGraw-Hill Education these effects in accounting equation form Topic: Accounting Equation and Financial Statements Assets always equal de...

Ngày tải lên: 19/10/2017, 16:11

... transaction on the three basic accounting elements by indicating the dollar amount of the increase or decrease under the proper element heading Compute the resulting accounting equation a b c d ... transaction on the accounting equation by indicating under the proper heading the dollar amount of increase or decrease for each transaction listed below Compute the resulting accounting eq...

Ngày tải lên: 19/10/2017, 16:11

... Application 18 A trial balance is a a listing of all the assets, liabilities, and owner's equity accounts that have balances b a listing of all the accounts that have zero balances c a listing of all the ... the accounts? a Debit an asset account and credit an expense account b Debit an asset account and credit an asset account c Debit an expense account and credit an asset account...

Ngày tải lên: 19/10/2017, 16:11

... This is an example of A) internal financial information B) internal nonfinancial information C) external financial information D) external nonfinancial information Answer: B Page Ref: 34 Objective: ... required for proper and complete evaluation of performance C) The AIS was often just one of the information systems used by an organization to collect and process financial and nonf...

Ngày tải lên: 08/09/2017, 09:05

... Pays secretary $2,800 salary FOR INSTRUCTOR USE ONLY - 30 Test Bank for Accounting Principles, Twelfth Edition Solution 160 (a) Effect on Accounting Equation (b) Debit-Credit Analysis The asset ... bill Borrows money from local bank Makes payment on account Receives cash due from customers FOR INSTRUCTOR USE ONLY Test Bank for Accounting Principles, Twelfth Edition - 46...

Ngày tải lên: 08/09/2017, 09:05

... $10,000 worth of new software, the station manager sued the salesperson and his company for: A misrepresentation and breach of warranty B misuse of relationship marketing C violation of Title VII ... makes claims of a "factual nature" regarding a service' s inherent capabilities, the law treats these comments as statements of fact and warranties D A salesperson's opinion of t...

Ngày tải lên: 08/09/2017, 09:03

... "emotional health" Give examples of each Answer: Mental health refers to the thinking part of psychosocial health while emotional health refers to the feeling part of psychosocial health Examples ... contributor to unhealthy behavior Answer: TRUE Diff: Page Ref: 31 Skill: Understanding 62) Psychological health encompasses the mental, emotional, social, and spiritual dimension...

Ngày tải lên: 08/09/2017, 09:04

... least two components of theaccounting equation is known as: a b c *d historical cost accounting the going concern system the accounting entity system double-entry accounting Correct answer: d ... market value © John Wiley and Sons Australia, Ltd 2015 2.15 Testbank to accompany Accounting 9e a b *c d subjective relevant reliable accounting entity Correct answer: c Learning objective...

Ngày tải lên: 08/09/2017, 09:04

... 2.2-2 In the standard accounting system, we use double entry accounting, which means we record the dual effects of each transaction Answer: True LO: 2-2 Difficulty: EOC Ref: Accounting Vocabulary ... A) ledger B) journal C) income statement D) chart of accounts Answer: D LO: 2-1 Difficulty: EOC: Accounting Vocabulary AACSB: Reflective Thinking AICPA Business Perspective Competencies: L...

Ngày tải lên: 08/09/2017, 09:04

... account that increases the account 157 All of the following occur with a double-entry accounting system except: A The accounting equation remains in balance B The sum of all debits is always equal to ... are listed below, with the accounting equation stated to the right side of each Use the following identification codes to indicate the effects of each transaction on the accounting eq...

Ngày tải lên: 08/09/2017, 09:04