Friday, April 10, 2015

122 Free Test Bank for Financial Accounting Fundamentals 4th Edition by Wild

In the context of real business, financial accounting plays an important role in business decision making.Free test bank for Financial Accounting Fundamentals 4th Edition Wild aid students in learning financial accounting concepts through the use of real-world examples. Learn to use them through our understandable accounting questions and answers for free practice as follows. There are 122 mutiple choice questions to improve your knowledge in test bank. Furthernore,  you will be covered in these free questions without paying  fee. Let’s start practice now!
Please visit the link below to get full questions and answers:
The primary objective of financial accounting is:
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Internal users of accounting information always include:
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Businesses can take all of the following forms except:
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According to generally accepted accounting principles, a company's balance sheet should show the company's assets at:
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The organization that attempts to create more harmony among the accounting practices of different countries by identifying preferred practices and encouraging their worldwide acceptance is the:
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The area of accounting aimed at serving the decision-making needs of internal users is:
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On December 15, 2013, Myers Legal Services signed a $50,000 contract with a client to provide legal services to the client in 2014. Which accounting principle would require Myers Legal Services to record the legal fees revenue in 2014 and not 2013?
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Marian Mosely is the owner of Mosely Accounting Services. Which accounting assumption requires Marian to keep her personal financial information separate from the financial information of Mosely Accounting Services?
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The private board that currently has the authority to establish U.S. generally accepted accounting principles is the:
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Which of the following elements are found on the balance sheet?
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The question of when revenue should be recognized on the income statement (according to GAAP) is addressed by the:
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Which of the following is the primary purpose of accounting?
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An asset is:
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The accounting principle that requires accounting information to be based on actual cost and requires assets and services to be recorded initially at the amount of cash or cash equivalent given in exchange is the:
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The International Accounting Standards Board (IASB)
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A corporation:
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The principle that (A) requires revenue to be recognized at the time it is earned, (B) allows the inflow of assets associated with revenue to be in a form other than cash, and (C) measures the amount of revenue as the cash plus the cash equivalent value of any noncash assets received from customers in exchange for goods or services is called the:
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The accounting guideline prescribing that financial statement information be supported by independent, unbiased evidence other than someone's belief or opinion is the:
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Internal users of accounting information include:
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Generally Accepted Accounting Principles:
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Why are ethics crucial to accounting?
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