Wednesday, March 18, 2015

45 Free Test Bank for Financial Accounting A Critical Approach 3rd Canadian Edition by Friedlan

You will not have to struggle to spend the whole time in class to be able to grasp the whole knowledge of financial accounting. That’s consuming too much of your valuable time. Try the following 45 free test bank for Financial Accounting A Critical Approach 3rd Canadian Edition by Friedlan Multiple Choice Questions and be surprised at your results. The test including online comprehensive basic accounting questions bank perfectly suited to those who are studying financial accounting at all levels, from fundamental to advance. It summarizes, consolidates all of the contents in the textbook and gives students a new perspective on how effective online accounting learning. Do not give up the obstacles of this subject because the solution is right in front of you!
Please visit the link below to get full questions and answers:
The CICA is the governing organization of chartered accountants in Canada. What is the most likely form of organization of the CICA?
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Who are the people who examine an entity's financial information on behalf of external stakeholders?
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A new shareholder of a small company is concerned about being able to adequately monitor their investment and has asked management to provide them with weekly financial statements. From the company's point of view this would violate which of the following concepts?
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Why is it impossible for a single accounting report to be appropriate for all situations?
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Which of the following is the most attractive feature of a proprietorship?
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James and Nicholas are roommates at university and plan to run a painting business for the summer. Which is the most likely form of organization of their business?
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The critical approach to accounting is necessary primarily because:
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Which of the following best describes the "critical approach" to accounting?
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The cost/benefit trade-off is best summarized as:
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Which of the following correctly identifies the three types of professional accountants in Canada?
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In a public company, which of the following stakeholders would be the most interested in the financial statements of the entity?
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Which of the following statements about users of financial accounting information is true?
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If you wanted to sell your MP3 player to buy a new one with more memory, which of the following methods of valuing an item would be the most useful?
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Why are there different acceptable ways to account for similar transactions?
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Which of the following best describes the purpose of an accounting system?
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Financial accounting would be used to make which of the following decisions?
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You have decided to spend $75 on a "Guide to Caribbean Cruises" before booking your winter cruise holiday. This is an example of which of the following principles?
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Which of the following is an important feature of external auditors?
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Which of the following statements about private corporations is true?
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What type of organization trades its shares on the Toronto Stock Exchange?
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You are considering buying a house and have found one that meets all of your criteria. When you are trying to decide how much to pay for it, which of the following parties involved in the process would give you the most reliable information?
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Which of the following users would rely on management accounting information?
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Which of the following is the most important feature of a corporation?
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What does GAAP stand for?
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Sandy's Sandwiches is a small business owned and operated by Sandy Southerly that is not publicly traded and has never borrowed any money. Which of the following would be a constraint in the preparation of its financial statements?
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Which of the following is one of the benefits of the flexibility allowed by GAAP?
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If you wanted to insure your brand new Ferrari sports car to ensure that if anything happened to it you could replace it, which of the following methods of valuing an item would be the most useful?
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Which one of the following is most likely organized as a public corporation?
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What are the four key components of the accounting environment?
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Which type of organization files a business tax return?
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In a public company, which of the following stakeholders would have easy access to other financial information about the entity?
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External auditors are hired by which one of the following groups?
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Which of the following statements about stakeholders is true?
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An unincorporated entity operated by two or more people is what form of business?
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What does IFRS stand for?
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Your brother borrowed your 2002 Toyota Corolla and had an accident. He is okay, but the car is write-off. You paid $5,000 for it a year ago, and your brother has offered to give you $3,000, the cost he estimates of another 2002 Toyota Corolla.A new Toyota Corolla costs $22,500. Which of the following statements is true?
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Which of the following statements about preparers is true?
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Who is responsible for deciding what, how and when information is presented in the financial statements?
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After completing an accounting course Jessica decided to offer her services as a bookkeeper to friends and neighbours. What is the most likely form of organization of her business?
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What are owners of a corporation called?
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You have a collection of 200 international stamps that you have collected over the years. Most of them cost you nothing, as you just took them off letters or postcards that you or friends and family had received. If you add up the face value (the amount printed on the stamp), your collection totals $125.37.You recently saw a story in a local newspaper that someone else sold a similar collection of 400 stamps for $500. Which of the following statements is most likely true?
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Which of the following type of organization includes all of the business's income in the owner's personal tax return?
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International Financial Reporting Standards are:
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