Thursday, March 12, 2015

73 Free Test Bank for Financial and Managerial Accounting 11th Edition by Warren

Welcome to you visit the site in order to discover all background and different topic of financial and managerial accounting in this textbook from 73 Free Test Bank for Financial and Managerial Accounting 11th Edition by Warren. These accounting test bank quiz questions free online which focus on the concepts and around chapter 1 to help improve quickly your knowledge and prepare well for your exam. Completing all real exam questions that is the best way to learn and memorize information to pass your next exam. Let’s try 73 multiple choice questions below to get an excellent result at your next exam. Good luck!
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Which of the following are guidelines for behaving ethically? I.Identify the consequences of a decision and its effect on others; II.Consider your obligations and responsibilities to those affected by the decision; III.Identify your decision based on personal standards of honesty and fairness.
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Which type of accountant typically practices as an individual or as a member of a public accounting firm?
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Managerial accountants would be responsible for providing which of the following?
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Donner Company is selling a piece of land adjacent to their business. An appraisal reported the market value of the land to be $120,000. The Focus Company initially offered to buy the land for $107,000. The companies settled on a purchase price of $115,000. On the same day, another piece of land on the same block sold for $122,000. Under the cost concept, what is the amount that will be used to record this transaction in the accounting records?
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For accounting purposes, the business entity should be considered separate from its owners if the entity is
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The following are examples of external users of accounting information except
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Which of the following concepts relates to separating the reporting of business and personal economic transactions?
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Which of the following is true in regards to a Limited Liability Company?
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Financial reports are used by
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Which of the following is not a characteristic of a corporation?
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Which of the following would not normally operate as a service business?
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The initials GAAP stand for
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The Sarbanes-Oxley Act of 2002 prohibits employment of auditors by their clients for what period after their last audit of the client?
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Due to various fraudulent business practices and accounting coverups in the early 2000’s, Congress enacted the Sarbanes-Oxley Act of 2002. The Act was responsible for establishing a new oversight board for public accountants called the
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Which of the following group of companies are all examples of a merchandising business?
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Which of the following best describes accounting?
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Which of the following groups are considered to be internal users of accounting information?
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Select the type of business that is most likely to obtain large amounts of resources by issuing stock.
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Within the United States, the dominant body in the primary development of accounting principles is the
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Countries outside the United States use financial accounting standards issued by the
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The objectivity concept requires that
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Which one of the following is the authoritative body in the United States having the primary responsibility for developing accounting principles?
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