ch01-solns-BEs all.docx - BRIEF EXERCISE 1.1 User Owner Marketing manager Creditor Chief financial officer Labour union a Kind of Decision 4 3 2 5 1 b

ch01-solns-BEs all.docx - BRIEF EXERCISE 1.1 User Owner...

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BRIEF EXERCISE 1.1 a. b. Kind of Internal or User Decision External User Owner 4 Internal Marketing manager 3 Internal Creditor 2 External Chief financial officer 5 Internal Labour union 1 External LO 1 BT: K Difficulty: S Time: 5 min. AACSB: None CPA: cpa-t001 CM: Reporting BRIEF EXERCISE 1.2 a. P b. C c. PP LO 2 BT: C Difficulty: M Time: 5 min. AACSB: None CPA: cpa-t001 CM: Reporting BRIEF EXERCISE 1.3 a. The student is provided with the opportunity to cheat on an exam. b. A production supervisor might become aware of a defect in a company’s product that is ready to ship but his/her bonus is based on volume of shipments. c. A banker is able to approve a loan for an unqualified family member. LO 3 BT: AN Difficulty: C Time: 5 min. AACSB: Ethics CPA: cpa-t001 cpa-e001 CM: Reporting and Ethics
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BRIEF EXERCISE 1.4 a. F b. F c. T d. T e. T LO 3 BT: C Difficulty: M Time: 5 min. AACSB: None CPA: cpa-t001 CM: Reporting BRIEF EXERCISE 1.5 a. F b. F c. T d. T LO 3 BT: C Difficulty: M Time: 5 min. AACSB: None CPA: cpa-t001 CM: Reporting BRIEF EXERCISE 1.6 a. 5. Monetary unit concept b. 1. Historical cost c. 4.
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  • Winter '13
  • TraceyAdams
  • Balance Sheet, Generally Accepted Accounting Principles, AACSB

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