Thursday, March 12, 2015

109 Free Test Bank for Financial Accounting 8th Edition by Harrison 

Only with little effort, you can master financial accounting quickly and easily. Let’s take a look together at109 Free Test Bank for Financial Accounting 8th Edition by Harrison Multiple Choice Questionswhich are the tips we would like to share with the whole world without a shadow of doubt. Conciseness, clarity, easy-to-understand, fast respondus, and 100% FREE are brilliant features shown up in our in-depth financial accounting test bank sample for free daily practice. Don’t waste your time brooding over your misfortune with dry stuff any more! Carry it out to truly experience our above expressions!
Please visit the link below to get full questions and answers:
The Financial Accounting Standards Board is responsible for establishing:
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For accounting purposes, the business entity should be considered separate from its owners if the business is organized as a:
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The relevant measure of the value of the assets of a company that is going out of business is the:
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For which form of business ownership are the owners of a business legally distinct from the business?
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When information is important enough to the informed user, so that, if it was omitted or erroneous, it would make a difference in the user’s decision, it is:
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Owners of an LLC are called:
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Accounting information is subject to the constraints of:
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Financial statements are:
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The amount that stockholders have invested in a corporation is called:
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International financial reporting standards are set by the:
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The two types of accounting are:
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An entity that is organized according to state law and in which ownership units are called stock is a:
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The FASB:
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Which of the following is NOT an asset?
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An Oklahoma City business paid $15,000 cash for equipment used in the business. At the time of purchase, the equipment had a list price of $20,000. When the balance sheet was prepared, the value of the equipment was $22,000. What is the relevant measure of the value of the equipment?
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The continuity (going-concern. assumption of accounting:
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Examples of liabilities include:
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What type of accounting provides information for decision makers outside the entity?
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The CEO of a business owns a residence in Flagstaff. The company the CEO works for owns a factory in Chandler. Which of these properties is considered an asset(s. of the business?
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The economic resources of a business that are expected to produce a benefit in the future are:
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Which of the following best describes a liability? Liabilities are:
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The owners’ equity of any business is its:
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Advantages of a corporation include:
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Accountants follow guidelines for professional measurement and disclosure of financial information called:
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All of the following are forms of business organizations EXCEPT for the:
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Accounting:
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A partnership:
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The accounting equation can be stated as:
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An office building is appraised for $250,000 and offered for sale at $260,000. The buyer pays $245,000 for the building. The building should be recorded on the books of the buyer at:
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Who ultimately controls a corporation?
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All of the following are characteristics of useful accounting information EXCEPT:
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Characteristics of a sole proprietor include:
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The two main components of stockholders’ equity are:
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The stable-monetary-unit assumption of accounting:
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The owners’ interest in the assets of a corporation is known as:
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The principle stating that assets acquired by the business should be recorded at their actual cost on the date of purchase is the:
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The acronym GAAP stands for:
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