怀尔德会计学原理21版英语题库含答案Ch01ACCOUNTINGINBUSINESS.docx

Chapter 1 Accounting in Business?True / False Questions ?1.?Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C1Topic: Purpose of Accounting?2.?Bookkeeping is the recording of transactions and events and is only part of accounting.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C1Topic: What is Accounting??3.?An accounting information system communicates data to help businesses make better decisions.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C1Topic: What is Accounting??4.?Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C2Topic: Uses of Accounting?5.?Internal operating activities include research and development, distribution, and human resources.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C2Topic: Uses of Accounting?6.?The primary objective of financial accounting is to provide general purpose financial statements to help external users analyze and interpret an organization's activities.?Answer: True?Blooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: Decision MakingDifficulty: 1 EasyLearning Objective: 01-C2Topic: Uses of Accounting?7.?External auditors examine financial statements to verify that they are prepared according to generally accepted accounting principles.?Answer: True?Blooms: RememberAACSB: Com