100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Test Bank for Survey of Accounting, 7th Edition by Edmonds & Olds, ISBN: 9781264442973, All 16 Chapters Covered, Verified Latest Edition$14.99
Add to cart
Test Bank for Survey of Accounting, 7th Edition by Edmonds & Olds, ISBN: 9781264442973, All 16 Chapters Covered, Verified Latest Edition Test Bank for Survey of Accounting, 7th Edition by Edmonds & Olds, ISBN: 9781264442973, All 16 Chapters Covered, Verified Latest Edition Test bank and solution ma...
TEST BANK
Survey of Accounting, 7th Edition
by Edmonds & Olds Complete 16 Chapters
1
,TABLE OF CONTENTS v v v
Chapter 1 An Introduction to Accounting
v v v v v
Chapter 2 Accounting for Accruals and Deferrals
v v v v v v
Chapter 3 Accounting for Merchandising Businesses
v v v v v
Chapter 4 Internal Controls, Accounting for Cash, and Ethics
v v v v v v v v
Chapter 5 Accounting for Receivables and Inventory Cost Flow
v v v v v v v v
Chapter 6 Accounting for Long-Term Operational Assets
v v v v v v
Chapter 7 Accounting for Liabilities
v v v v
Chapter 8 Proprietorships, Partnerships, and Corporations
v v v v v
Chapter 9 Financial Statement Analysis
v v v v
Chapter 10 An Introduction to Management Accounting
v v v v v v
Chapter 11 Cost Behavior, Operating Leverage, and Profitability Analysis
v v v v v v v v
Chapter 12 Cost Accumulation, Tracing, and Allocation
v v v v v v
Chapter 13 Relevant Information for Special Decisions
v v v v v v
Chapter 14 Planning for Profit and Cost Control
v v v v v v v
Chapter 15 Performance Evaluation
v v v
Chapter 16 Planning for Capital Investments
v v v v v v
2
,Chap 01 7e Edmon
v v v
ds
Answers are at the end of each chapter
v v v v v v v
1) Whichvofvthevfollowingvgroupsvhasvthevprimaryvresponsibilityvforvestablishingvgen
erallyvacceptedvaccountingvprinciplesvforvbusinessventitiesvinvthevUnitedvStates?
A) SecuritiesvandvExchangevCommission
B) U.S.vCongress
C) InternationalvAccountingvStandardsvBoard
D) FinancialvAccountingvStandardsvBoard
2) ThevHeritagevCompanyvisvavmanufacturervofvofficevfurniture.vWhichvtermvbestvdes
cribesvHeritage'svrolevinvsociety?
A) Business
B) Regulatoryvagency
C) Consumer
D) Resourcevowner
3) Whichvresourcevprovidersvlendvfinancialvresourcesvtovavbusinessvwithvthevexpect
ationvofvrepaymentvwithvinterest?
A) Consumers
B) Creditors
C) Investors
D) Owners
4) Whichvtypevofvaccountingvinformationvisvintendedvtovsatisfyvthevneedsvofvexternalvu
sersvofvaccountingvinformation?
A) Costvaccounting
B) Managerialvaccounting
C) Taxvaccounting
D) Financialvaccounting
5) Whichvofvthevfollowingvisvfalsevregardingvmanagerialvaccountingvinformation?
A) Itvisvoftenvusedvbyvinvestors.
B) Itvisvmorevdetailedvthanvfinancialvaccountingvinformation.
C) Itvcanvincludevnonfinancialvinformation.
D) Itvfocusesvonvdivisionalvrathervthanvoverallvprofitability.
3
, 6) FinancialvaccountingvstandardsvarevknownvcollectivelyvasvGAAP.vWhatvdoesvthatvac
ronymvstandvfor?
A) GenerallyvAcceptedvAccountingvPrinciples
B) GenerallyvAppliedvAccountingvProcedures
C) GovernmentallyvApprovedvAccountingvPractices
D) GenerallyvAuthorizedvAuditingvPrinciples
7) InternationalvaccountingvstandardsvarevformulatedvbyvthevIASB.vWhatvdoesvthatva
cronymvstandvfor?
A) InternationallyvAcceptedvStandardsvBoard
B) InternationalvAccountingvStandardsvBoard
C) InternationalvAccountabilityvStandardsvBureau
D) InternationalvAccountingvandvSustainabilityvBoard
8) JackvHenryvborrowedv$800,000vfromvWaltvBankvtovopenvavnewvbikevstorevcalledvWoo
denvWheels.vJackvtransferredv$650,000vofvthevcashvthatvhevborrowedvtovthevstorevonv
thevfirstvdayvofvthevyear.vHowvmanyvreportingventitiesvexistvinvthisvscenario?
A) Onevreportingventity
B) Twovreportingventities
C) Threevreportingventities
D) Fourvreportingventities
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller smartdove. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
