International accounting 4th edition doupnik test bank

... measurement/communication process of financial accounting Internal transactions Accounting cycle External Activities of the company conducted with separate economic entities Events that affect the financial position ... procedures used to accomplish the measurement/communication process of financial accounting is referred to as the: A Trial balance B Accounting cycle C Chart of...

Ngày tải lên: 27/10/2017, 09:03

... telephone costs in the process of taking sales orders from customers Which of the following is a proper classification of this cost? A Product cost B Period cost C Conversion cost D Prime cost 26 ... goods sold B cost of goods manufactured was less than total manufacturing costs C manufacturing costs were higher than cost of goods sold D manufacturing costs were less th...

Ngày tải lên: 27/10/2017, 09:25

... charge of $1,000 per month - The financial vice president of Kirk Corporation purchased a new vehicle for cash of $35,000 What is the amount of total assets of Kirk Corporation at the end of the ... of supplies on account • Pays $5,000 cash for new equipment • Pays off $3,000 of accounts payable • Pays off $1,500 of notes payable a) Analyze the effect of these transactio...

Ngày tải lên: 27/10/2017, 09:25

... Equity, the category of accounting equation and its normal balance is A) equity and a credit balance B) assets and a debit balance C) equity and a debit balance D) assets and a credit balance ... the category of account and its normal balance is A) liabilities and a debit balance B) assets and a debit balance C) liabilities and a credit balance D) assets and a credit bal...

Ngày tải lên: 02/11/2017, 09:09

... study of international accounting? A Financial accounting B Accounting information systems C Taxation D All of the above What is the entry point for most companies into the world of international ... acquisition currency for acquiring a foreign company D It is required for accomplishing foreign direct investment What is a "greenfield" investment? A Farm land held for speculat...

Ngày tải lên: 09/03/2017, 08:37

... Foods C International House of Pancakes D Starbucks Which of the following functional areas is included in the study of international accounting? A Financial accounting B Accounting information ... (IFRS)? A Financial Accounting Standards Board (FASB) B International Forum on Accountancy Development (IFAD) C International Federation of Accountants (IFA) D International Accou...

Ngày tải lên: 10/03/2017, 10:45

... and information technology are important in accounting information systems In which of the following pairs of tasks will information technology be more critical than human judgment? A Steps and ... the American Accounting Association's definition of accounting Accounting is the process of (a), (b), and (c) economic information to permit (d), (e) and decisions by (f) of...

Ngày tải lên: 08/09/2017, 09:05

... summary device of accounting is better known as the: A) transactions B) journal C) account D) financial statements Answer: C Diff: Type: MC © 2012 Pearson Canada Inc 54) The accounting process ... record the accounting transaction B) the titles of the accounts that will be used as debits and credits in the transaction C) the date the accounting transaction was entered into the acc...

Ngày tải lên: 27/10/2017, 09:04

... Chapter 02 – Accounting for Transactions Multiple Choice Questions [Question] 57 The accounting process begins with: A Analysis of business transactions and events B Preparation of financial statements ... distributed, or posted on a website, in whole or part Chapter 02 – Accounting for Transactions [Question] 85 Double-entry accounting is an accounting system: A That records ea...

Ngày tải lên: 27/10/2017, 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

... ACCT.WARD.16.02-02 - 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.05 - Accounting Cycle ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic 32 When a business receives a ... accessible website, in whole or in part Chapter 2: Analyzing Transactions 47 The double-entry accounting system records each transaction twice a True b False ANSWER: DIFFICULTY: LEARNING OBJECTIV...

Ngày tải lên: 08/09/2017, 09:04

... goodwill impairment be tested annually for each reporting unit Discuss the necessary steps of the goodwill impairment test 2-12 Test Bank to Accompany Jeter and Chaney Advanced Accounting Briefly ... each company was: Rich, $1,270,000; Jordan, $360,000 2-10 Test Bank to Accompany Jeter and Chaney Advanced Accounting An investment banking house estimated that the fair v...

Ngày tải lên: 08/09/2017, 09:08