Sunday, March 15, 2015

115 Free Test Bank for Accounting 9th Edition by Horngren

The only thing that prevents us from getting sucked into learning accounting is not practicing it! If you hate theory, read it. If you hate exercises, do it. So, try it now with 115 free test bank for Accounting 9th Edition by Horngren Multiple Choice Questions. This test bank does a great job of making a boring and difficult subject even more confusing and frustrating become more and more interesting. Definitely, you will be overall pleased with the quality of the test. Following are core accounting questions covered all the topics in the textbook for your effective self-studying.
Please visit the link to get full questions and answers:
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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Corporate ownership is a very popular type of ownership in the United States. Which of the following is a major reason that corporate ownership is popular?
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Which of the following is a characteristic of a limited liability partnership (LLP.?
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Which of the following is a licensed accountant who serves the general public rather than an accountant who serves one particular company?
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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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Which of the following are likely to be users of financial accounting information?
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If a proprietorship cannot pay its debts, the creditors may make claims against the:
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Which of the following is NOT a characteristic of a traditional partnership?
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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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Which of the following statements BEST describes managerial accounting?
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By definition, which of the following represents the owners of a corporation?
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David has decided to open an auto-detailing business. He will pick up an automobile from the client, take it to his parents' garage, detail it, and return it to the client. If he does all of the work himself and takes no legal steps to form a special organization, which type of business organization, in effect, has he chosen?
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Which of the following are most likely to be users of managerial accounting information?
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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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Accounting standards are formulated by the:
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The primary objective of financial reporting is to provide information useful for making investment and lending decisions. To be useful, information must possess certain characteristics. Which of the following is NOT one of the basic characteristics that financial information must possess to be useful?
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Regarding accounting information and records, a proprietorship is an entity entirely separate from its:
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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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A debt that a business owes to an outside party is called:
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Items such as buildings and land are:
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Businesses can be organized in a variety of forms. The types of businesses commonly found in the U.S. include all of the following EXCEPT:
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Which of the following is TRUE for a proprietorship?
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Which of the following statements BEST defines financial statements?
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A promise received from a business's customers to pay for goods and services that they received from the business is called a(n.:
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Which of the following organizations requires publicly owned companies to be audited by independent accountants (CPAs.?
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The largest businesses are usually organized as:
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The Sarbanes-Oxley Act ("SOX". made it a criminal offense to:
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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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The taxable income of a proprietorship is:
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In an LLC, who is responsible for the company's debts?
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From a legal perspective, a proprietorship is:
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Accountants often refer to GAAP. What do the letters GAAP represent in accounting?
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A relatively low amount of government regulation is a key advantage of a:
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The financial examination of a company's financial records is called a(n.:
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A proprietorship is created by:
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Many organizations have contributed to the establishment of generally accepted accounting principles. Which of the following organizations has the PRIMARY responsibility for formulating accounting standards?
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