Test bankj phillips5e TB ch02 final version2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Test bankj phillips5e TB ch02 final version2
Test bankj phillips5e TB ch02 final version2
Chapter 2: The Balance SheetTRUE/FALSE[QUESTION]1A transaction is an exchange or event that directly affects the assets, liabilities, or stockholders' Test bankj phillips5e TB ch02 final version2' equity of a company.Answer: TrueDifficulty: 1 EasyLO: 02-01Topic: Transactions and Other ActivitiesBlooms: RememberAACSB: AnalyticAICPA BB: Resource ManagementAICPA FN: ReportingFeedback: A transaction is an event or activity that has a direct and measurable financial effect on the assets, liabili Test bankj phillips5e TB ch02 final version2ties, or stockholders’ equity of a business.[QUESTION]2General Motors (GM) signs a new labor agreement that its workers will receive a 5% wage increasTest bankj phillips5e TB ch02 final version2
e next year. This transaction affects GM's financial statements in the current year.Answer: FalseDifficulty: 2 MediumLO: 02-01Topic: Transactions and Chapter 2: The Balance SheetTRUE/FALSE[QUESTION]1A transaction is an exchange or event that directly affects the assets, liabilities, or stockholders' Test bankj phillips5e TB ch02 final version2mise to work next year. This activity is not a transaction because no assets or services were exchanged at the time the new labor agreement is signed. This event does not GM’S financial statements in the current year.[QUESTION]3If total assets increase, then either total liabilities or total stockho Test bankj phillips5e TB ch02 final version2lders' equity must also increase.Answer: TrueDifficulty: 1 EasyLO: 02-02Topic: Step 1: Analyze TransactionsBlooms: UnderstandAACSB: AnalyticTest Bank—Test bankj phillips5e TB ch02 final version2
Funda'ntrMli of Financial Accounting,1Copyright - 2016 McGraw-Hill Education AU rights reserved. No reproduction or distribution without the price wriChapter 2: The Balance SheetTRUE/FALSE[QUESTION]1A transaction is an exchange or event that directly affects the assets, liabilities, or stockholders'Chapter 2: The Balance SheetTRUE/FALSE[QUESTION]1A transaction is an exchange or event that directly affects the assets, liabilities, or stockholders'Gọi ngay
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