FinMan10e_ABSol_ch01

FinMan10e_ABSol_ch01 - TB1-TEST 1A (Concluded) 9. 10. 11....

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 1 TEST 1A Problem Analysis of Transactions A L SE 1. + + 2. +, – 3. 4. 5. + + 6. + + 7. + + 8. 9. 10. + + 11. 12. Fill-in-the-Blank
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TB1- TEST 1A (Concluded) Principles and Terminology 1. manufacturing business 2. proprietorship 3. net income 4. assets 5. stockholder 6. Financial Accounting Standards Board (FASB) 7. net loss 8. liabilities 9. expenses 10. $175,000 11. prepaid expenses 12. liabilities 13. accounts payable 14. $105,000 15. net income 16. $5,000 17. cash flows statement 18. ethics 19. accounting equation 20. account form 21. $100,000 22. $130,000 23. $10,000 increase 24. net income 2
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25. $56,000 26. $143,000 TEST 1B Problem Analysis of Transactions A L SE 1. + + 2. + + 3. 4. + + 5. + + 6. 7. +, - 8. +, –
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Unformatted text preview: TB1-TEST 1A (Concluded) 9. 10. 11. 12. Fill-in-the-Blank Principles and Terminology 1. proprietorship 2. corporation 3. merchandiser 4. assets 5. limited liability company 6. external 7. generally accepted accounting principles (GAAP) 8. accounting equation 9. a. income statement b. balance sheet c. retained earnings statement d. statement of cash flows 10. accounts payable 11. $9,000 12. transaction 13. $100,000 14. net income 4 15. $28,000 16. $134,000 17. $65,000 18. net income 19. $25,500 increase 20. net income 21. $15,000 22. retained earnings statement 23. statement of cash flows...
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FinMan10e_ABSol_ch01 - TB1-TEST 1A (Concluded) 9. 10. 11....

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