Thursday, March 12, 2015

110 Free Test Bank for Financial and Managerial Accounting 3rd Edition by Horngren

With the purpose of learning optimization, 110 Free Test Bank for Financial and Managerial Accounting 3rd Edition by Horngren Multiple Choice Questions are highly recommended for students to prepare before exams in terms of theory and practice. All accounting questions with instant answers relating to real-world problems which learners will face with later in the working environment are illustrated specifically, clearly and understandably. Students completely no need to worry about this subject and important ACCA exams thanks to this stunning feature from the easy-to-understand and up-to-date textbook test bank. Hope guys tobe interested in it!
Please visit the link below to get full questions and answers:
A promise received from a company's customers to pay for goods and services that they received from the company is called a(n.:
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Dylan Chase is a partner in a CPA practice. One of Dylan's partners sometimes takes a very aggressive position when auditing clients. Which of the following business types would protect Dylan's personal assets from malpractice liability for his partner's aggressive auditing tactics?
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A corporation possesses all but one of the following characteristics. Which of the following is NOT a characteristic of a corporation?
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The first step in incorporation is to:
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A corporation is a legal entity entirely distinct from its:
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Tate Corporation purchased a building for its grocery store for $30,000 in 1970. Based on inflation estimates, the amount of this asset has been adjusted in the accounting records. The building is now reported at $75,000. Which of the following concepts or principles of accounting is being violated?
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Which of the following concepts (principles. require an assumption that the entity will remain in operation for the foreseeable future?
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Which of the following statements BEST describes managerial accounting?
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Accountants often refer to GAAP. What do the letters GAAP represent in accounting?
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Which of the following are likely to be users of financial accounting information?
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Items such as buildings and land are:
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A financial examination of a company's financial records is called a(n.:
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The ability to raise large amounts of capital is a key characteristic of a:
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Which of the following is the CORRECT accounting equation?
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Which of the following statements BEST defines financial statements?
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The Sarbanes-Oxley Act ("SOX". made it a criminal offense to:
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Which of the following organizations or groups issue an opinion on whether a company's financial statements are a fair representation of the company's financial situation?
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The separation between the owners and the managers of a business is most distinct in a(n.:
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The largest businesses are usually organized as:
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Bill Rogers has three different businesses. He has only one bank account for transactions relating to all his various businesses. Which of the following concepts or principles of accounting is Bill violating?
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A debt that a corporation owes to an outside party is called:
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Which of the following is TRUE for a proprietorship?
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Which of the following organizations requires publicly owned companies to be audited by independent accountants (CPAs.?
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A corporation has all of the following EXCEPT:
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The Ragun Cajun Bar and Grill, Inc. has been a popular restaurant in Beaumont, Texas. With no insurance, a recent hurricane has left the business with large losses due to a damaged building and lost business income. Which of the following concepts or principles of accounting will be of the greatest concern to Ragun Cajun's auditors?
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Which of the following is NOT a characteristic of a traditional partnership?
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By definition, which of the following represent the owners of a corporation?
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Which of the following is a characteristic of a limited liability partnership (LLP.?
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In an LLC, who is responsible for the company's debts?
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Lindsey Smith decided to start her own CPA practice as a professional corporation, Smith CPA PC. Her corporation purchased an office building for $35,000 which her real estate agent said was worth $50,000 in the current market. The corporation records the building as a $50,000 asset because Lindsey believes that is the real value of the building. Which of the following concepts or principles of accounting is being violated?
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The owner(s. of a business will most likely face "double taxation" if their business is organized as a(n.:
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There are relatively few types of revenue. Which of the following in NOT a type of revenue?
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If a corporation cannot pay its debts, the creditors may make claims against the:
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Which of the following are MOST likely to be users of managerial accounting information?
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Corporate ownership is a very popular type of ownership in the United States because:
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Caleb Brown has been the sole owner of a bicycle sales and repair shop for many years. Which of the following business types would best protect Caleb's personal assets from product liability exposure?
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Accounting standards are formulated by the:
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Phillip and Reed have developed a new technology for home computer systems. However, they need to raise a large amount of capital to build the production and support facilities to market their product successfully. Which of the following business types would be best suited to help the company raise the necessary capital to begin production?
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