Accounting > TEST BANKS > Intermediate Accounting, 18th Edition Donald E. Kieso tb (All)
Intermediate Accounting, 18th Edition Donald E. Kieso tb
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CHAPTER 0 ACCOUNTING CYCLE REVIEW Learning Objective Total # of questions from 1 34 2 133 3 30 4 16 5 185 6 8 7 5 8 20 9 12 TRUE-FALSE—Conceptual 1. Economic events that require record ... ing in the financial statements are called accounting transactions. Ans: T, LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Industry/Sector Perspective, AICPA FC: Measurement, AICPA PC: None, IMA: FSA 2. Revenue increases stockholders’ equity and should be recorded whenever cash is received from customers. Ans: F, LO: 1, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Reporting, AICPA PC: None, IMA: Reporting 3. Collection on an account receivable will increase both cash and accounts receivable. Ans: F, LO: 1, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA B [Show More]
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