Tuesday, March 31, 2015

58 Free Test Bank for Fundamental Financial Accounting Concepts 8th Edition by Edmonds 

Financial accounting is different from general accounting, as it is a useful tool for the decision makers in the organization. Moreover, it provides you with fundamental financial concepts to succeed in evaluating and analyzing financial aspects of managerial decisions. But a mind-boggling problem happening to almost students is how to grasp this subject as it’s so toughie. Not to worry! among the most common question banks based on the textbook, 100% free online 58 free test bank for Fundamental Financial Accounting Concepts 8th Edition by Edmonds Multiple Choice Questions will help you feel to be simpler than you would first think. You will be equipped with examples for understanding applications of financial concepts in organizations. Just complete all 58 multiple choice questions and show your flexibility in free text questions of very dominant financial accounting test bank, you are likely to strongly confident in your understanding of this subject.
Please visit the link below to get full questions and answers:
Which of the following items appears in the investing activities section of the statement of cash flows?
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Which of the following groups has the primary responsibility for establishing generally accepted accounting principles for business entities in the United States?
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The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the company reported net income of $1,800 and paid a $500 dividend. If retained earnings at the end of 2013 is $2,200, what was beginning common stock?
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On January 1, 2013, Baird Company had beginning balances as follows: Assets = $2,250; Liabilities = $620; Common Stock = $800; During 2013, Baird paid dividends to its stockholders of $900. Given that ending retained earnings was $600, what was Baird's net income for the 2013 accounting period?
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Vandever Company's balance sheet reported assets of $42,000, liabilities of $15,000 and common stock of $12,000 as of December 31, If Retained Earnings on the December 31, 2013 balance sheet is $18,000 and Vandever paid a $14,000 dividend during 2013, then the amount of net income for 2013 was which of the following?
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Based on this information, the amount of expenses on Greenway's income statement was
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Which of the following is not an element of the financial statements?
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"IASB" stands for
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Which of the following financial statements provides information about a company as of a specific point in time?
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If Boyd Company reported assets of $500 and liabilities of $200, Boyd's total claims totaled
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Hacienda Company issued common stock for $250,000 cash. As a result of this event.
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Managerial accounting provides information primarily to which of the following groups or individuals?
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Which resource provider typically receives first priority when resources are divided as part of a business's liquidation?
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Jacks Company had a net increase in cash from operating activities of $8,000 and a net decrease in cash from financing activities of $1,000. If the beginning and ending cash balances for the company were $3,000 and $11,000, then net cash change from investing activities was:
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If a company's total assets decreased while liabilities and common stock were unchanged, and no dividends were paid, then
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Varghese Company paid cash to purchase land. As a result of this accounting event
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The Jefferson Company is a manufacturer of antique reproduction furniture. Which term best describes Jefferson's role in society?
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Borrowing cash from the bank is an example of which type of transaction?
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The amount of liabilities reported on the end-of-period balance sheet was
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Which of the following items is an example of revenue?
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At the end of 2013, retained earnings for the Bisk Company was $1,750. Revenue earned by the company in 2013 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2013 was
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Which type of accounting information is intended to satisfy the needs of external users of accounting information?
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A company mistakenly recorded a cash purchase of land as an expense. As a result of this error
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The transaction, "earned cash revenue," affects which two accounts?
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During 2013, Bledsoe Company earned $6,700 of cash revenue, paid cash dividends of $950 to owners and paid $5,000 for cash expenses. Liabilities were unchanged. Which of the following accurately describes the effect of these events on the elements of the company's financial statements?
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Which of the following is NOT an asset use transaction?
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As of December 31, 2013, Bloch Company had $3,800 of assets, $1,600 of liabilities and $700 of retained earnings. The balance in the common stock account on the December 31, 2013 balance sheet was
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"GAAP" stands for
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