Accounting > TEST BANK > Test Bank & Solution Manual for Accounting What the Numbers Mean 13th Edition By David Marshall (All)

Test Bank & Solution Manual for Accounting What the Numbers Mean 13th Edition By David Marshall

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Test Bank & Solution Manual for Accounting What the Numbers Mean 13th Edition By David Marshall MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the questi... on. 1) Which of the following entities wouldnot require accounting information pertaining to their economic activities? 1) A) Social clubs B) Not-for-profit entities C) State governments D) Small businesses E) All of these entities require accounting information. Question Details Accessibility : Keyboard Navigation Learning Objective : 01-02 Identify who the users of accounting information are and explain why they Topic : What Is Accounting? Difficulty : 1 Easy Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Reporting Type : Static Gradable : automatic Accessibility : Screen Reader Compatible 2) The authoritative financial accounting standards-setting body in the United States is presently the: 2) A) Public Company Accounting Oversights Board (PCAOB) B) Financial Accounting Standards Board (FASB) C) Accounting Principles Board (APB) D) Securities and Exchange Commission (SEC) E) International Accounting Standards Board (IASB) Version 1 2 Question Details Accessibility : Keyboard Navigation Difficulty : 1 Easy Bloom's : Remember AACSB : Analytical Thinking AICPA : BB Industry AICPA : FN Reporting Learning Objective : 01-05 Explain the role that the FASB plays in the development of financial accou Topic : How Has Accounting Developed? Type : Static Gradable : automatic Accessibility : Screen Reader Compatible 3) Which of the following statements about the Financial Accounting Standards Board is correct? 3) A) The FASB follows a due process procedure that permits input from interested parties before an Accounting Standards Update (ASU) is issued. B) The FASB is controlled by the American Institute of CPAs. C) The FASB is an agency of the Federal government. D) The FASB has the authority to fine a noncompliant firm. [Show More]

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