ch02.docx - CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM\u2019S TAXONOMY Item LO BT Item LO BT

ch02.docx - CHAPTER 2 A FURTHER LOOK AT FINANCIAL...

This preview shows page 1 - 4 out of 63 pages.

CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 6. 1 K 11. 2 K 16. 2 C 21. 2 K 2. 1 K 7. 1 C 12. 2 K 17. 2 K 22. 2 K 3. 1 K 8. 2 K 13. 2 K 18. 2 K 23. 2 K 4. 1 K 9. 2 C 14. 2 K 19. 2 K 24. 2 K 5. 1 C 10. 2 K 15. 2 K 20. 2 K 25. 2 C Multiple Choice Questions 26. 1 K 44. 2 K 62. 2 K 80. 2 K 98. 2 C 27. 1 K 45. 1 AP 63. 2 AP 81. 2 C 99. 2 C 28. 1 K 46. 1 AP 64. 2 AP 82. 2 C 100. 2 C 29. 1 K 47. 1 AP 65. 2 K 83. 2 K 101. 2 C 30. 1 K 48. 2 AP 66. 2 K 84. 2 K 102. 2 AP 31. 1 K 49. 2 AP 67. 2 C 85. 1 AP 103. 2 AP 32. 1 K 50. 1 AP 68. 2 K 86. 2 AP 104. 2 AP 33. 1 K 51. 1 AP 69. 2 AN 87. 2 AP 105. 2 AP 34. 1 K 52. 1 AP 70. 2 AN 88. 2 AP 106. 2 K 35. 1 K 53. 2 AP 71. 2 AP 89. 2 AP 107. 2 K 36. 1 K 54. 2 AP 72. 2 AN 90. 2 AP 108. 2 K 37. 1 K 55. 1 AP 73. 2 K 91. 2 AP 109. 2 K 38. 1 K 56. 1 AP 74. 2 K 92. 2 AP 110. 2 AP 39. 1 K 57. 1 AP 75. 2 K 93. 2 AP 111. 2 AP 40. 1 K 58. 1 AP 76. 2 C 94. 2 AP 112. 2 AN 41. 1 K 59. 1 AP 77. 2 K 95. 2 K 113. 2 AP 42. 1 AP 60. 2 AP 78. 2 K 96. 2 K 114. 2 AP 43. 1 K 61. 2 AP 79. 2 K 97. 2 K 115. 2 C Brief Exercises 116. 1 AP 117. 2 AP 118. 2 AP Exercises 119. 1 AP 123. 1, 2 A P 127. 2 A P 131. 2 K 120. 1 K 124. 1 A P 128. 2 A P 132. 2 AP 121. 1 AP 125. 1 A P 129. 2 A P 133. 2 AP 122. 1, 2 AP 126. 2 A P 130. 2 A N 134. 2 A N Completion Statements 135. 2 K 136. 1 K 137. 2 K 138. 2 K Matching 139. 1-2 K Short Answer Essay 140. 1 K 141. 2 K 142. 1, 2 K 143. 2 C 144. 2 E FOR INSTRUCTOR USE ONLY
Image of page 1
2-2 Test Bank for Survey of Accounting , First Edition SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE Learning Objective 1 Item Type Item Type Item Type Item Type Item Type Item Type 1. TF 28. MC 37. MC 47. MC 85. MC 136. CS 2. TF 29. MC 38. MC 50. MC 116. BE 139. Ma 3. TF 30. MC 39. MC 51. MC 119. Ex 140. SA 4. TF 31. MC 40. MC 52. MC 120. Ex 142. SA 5. TF 32. MC 41. MC 55. MC 121. Ex 6. TF 33. MC 42. MC 56. MC 122. Ex 7. TF 34. MC 43. MC 57. MC 123. Ex 26. MC 35. MC 45. MC 58. MC 124. Ex 27. MC 36. MC 46. MC 59. MC 125. Ex Learning Objective 2 Item Type Item Type Item Type Item Type Item Type Item Type 8. TF 25. TF 71. MC 89. MC 106. MC 129. Ex 9. TF 44. MC 72. MC 90. MC 107. MC 130. Ex 10. TF 48. MC 73. MC 91. MC 108. MC 131. Ex 11. TF 49. MC 74. MC 92. MC 109. MC 132. Ex 12. TF 53. MC 75. MC 93. MC 110. MC 133. Ex 13. TF 54. MC 76. MC 94. MC 111. MC 134. Ex 14. TF 60. MC 77. MC 95. MC 112. MC 135. CS 15. TF 61. MC 78. MC 96. MC 113. MC 137. CS 16. TF 62. MC 79. MC 97. MC 114. MC 138. CS 17. TF 63. MC 80. MC 98. MC 115. MC 141. SA 18. TF 64. MC 81. MC 99. MC 117. BE 142. SA 19. TF 65. MC 82. MC 100. MC 118. BE 143. SA 20. TF 66. MC 83. MC 101. MC 122. Ex 144. SA 21. TF 67. MC 84. MC 102. MC 123. Ex 22. TF 68. MC 86. MC 103. MC 126. Ex 23. TF 69. MC 87. MC 104. MC 127. Ex 24. TF 70. MC 88. MC 105. MC 128. Ex Note: TF = True-False C = Completion MC = Multiple Choice Ex = Exercise Ma = Matching SA = Short Answer Essay FOR INSTRUCTOR USE ONLY
Image of page 2
2-3 A Further Look at Financial Statements CHAPTER LEARNING OBJECTIVES 1. Identify the sections of a classified balance sheet. In a classified balance sheet, companies classify assets as current assets; long-term investments; property, plant, and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders’ equity section shows common stock and retained earnings. 2. Use ratios to evaluate a company’s profitability, liquidity, and solvency. Ratio analysis expresses the relationship among selected items of financial statements data. Profitability ratios, such as earnings per share (EPS), measure aspects of the operating success of a company for a given period of time.
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 63 pages?

  • Fall '20
  • Erin egeland
  • Balance Sheet, Generally Accepted Accounting Principles

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes