THE PURPOSE AND USE OF FINANCIAL STATEMENTS

Financial Accoun�ng Tools for Business Decision Making, 7th Canadian Edi�on 7e Paul Kimmel Jerry Weygandt Donald Kieso Barba ra Trenholm Wayne Irvine Christopher Burnley (Test Bank All Chapters, 100% Original Verified, A+ Grade)

Part 1: Page 1-881

Part 2: Page 882-966 1 / 4

CHAPTER 1

THE PURPOSE AND USE OF FINANCIAL STATEMENTS

SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, LEVEL OF

DIFFICULTY, BLOOM’S TAXONOMY , CPA CODES, AND AACSB CODES

Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB True-False Statements

1. 1 E K F AN 13. 2 E K F AN 25. 4 M K F AN

2. 1 E C F AN 14. 2 E K F AN 26. 4 M K F AN

3. 1 E C F AN 15. 2 M K F AN 27. 4 E K F AN

4. 1 E K F AN 16. 2 E K F AN 28. 4 M K F AN

5. 1 E K F AN 17. 3 E K F AN 29. 4 E K F AN

6. 1 E K F AN 18. 3 E K F AN 30. 4 M C F AN

7. 1 M C F AN 19. 3 M K F AN 31. 4 E C F AN

8. 1 M C F AN 20. 3 E K F AN 32. 4 E K F AN

9. 1 M C F AN 21. 3 M K F AN 33. 4 M C F AN

10. 1 M C F AN 22. 3 E C F AN 34. 4 E K F AN

11. 1 M C F AN 23. 4 M K F AN

12. 2 E K F AN 24. 4 E K F AN

Multiple Choice Questions

35. 1 E K F AN 58. 3 E C F AN 81. 4 E C F AN

36. 1 E K F AN 59. 3 E C F AN 82. 4 E K F AN

37. 1 M K F AN 60. 3 M C F AN 83. 4 E C F AN

38. 1 M K F AN 61. 3 M K F AN 84. 4 H AP F AN

39. 1 E K F AN 62. 3 M K F AN 85. 4 M AP F AN

40. 1 E K F AN 63. 3 M C F AN 86. 4 M AP F AN

41. 1 E K F AN 64. 3 E K F AN 87. 4 M AP F AN

42. 1 E K F AN 65. 3 E C F AN 88. 4 M K F AN

43. 1 E K F AN 66. 3 E C F AN 89. 4 M C F AN

44. 1 E C F AN 67. 3 E K F AN 90. 4 M K F AN

45. 1 M C F AN 68. 3 E K F AN 91. 4 E K F AN

46. 2 M K F AN 69. 3 E K F AN 92. 4 M K F AN

47. 2 M K F AN 70. 3 E K F AN 93. 4 M C F AN

48. 2 M K F AN 71. 3 M C F AN 94. 4 M K F AN

49. 2 E K F AN 72. 4 M K F AN 95. 4 E K F AN

50. 2 E K F AN 73. 4 M C F AN 96. 4 E C F AN

51. 2 E C F AN 74. 4 E K F AN 97. 4 E K F AN

52. 2 E K F AN 75. 4 E C F AN 98. 4 E C F AN

53. 2 M K F AN 76. 4 M K F AN 99. 4 E C F AN

54. 2 E C F AN 77. 4 H C F AN 100. 4 H C F AN

55. 2 M K F AN 78. 4 E K F AN 101. 4 M C F AN

56. 3 E K F AN 79. 4 M C F AN 102. 4 M C F AN

57. 3 M C F AN 80. 4 E C F AN

LOD: E = Easy M = Medium H = Hard

Bloom’s: AN = Analysis AP = Application C = Comprehension K = Knowledge

CPA: F = Financial Reporting CM = Communication

AACSB: AN = Analytic E = Ethics

Part 1 2 / 4

Test Bank for Financial Accounting: Tools for Business Decision-Making, Seventh Canadian Edition Copyright © 2017 John Wiley & Sons Canada, Ltd.Unauthorized copying, distribution, or transmission of this page is prohibited

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SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, LEVEL OF

DIFFICULTY, BLOOM’S TAXONOMY, CPA CODES, AND AACSB CODES

(CONT’D)

Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB Item LO LOD Bloom’s CPA AACSB Exercises

103. 2 M C F AN 112. 4 M AP F AN 121. 4 E C F AN

104. 2 M C F AN 113. 4 E AP F AN 122. 4 E C F AN

105. 3 M C F AN 114. 4 E C F AN 123. 4 E AP F AN

106. 3 M C F AN 115. 4 M AP F AN 124. 4 E C F AN

107. 3 H AP F AN 116. 4 H AP F AN 125. 4 M AP F AN

108. 3 M AP F AN 117. 4 E C F AN 126. 4 E AP F AN

109. 4 H AP F AN 118. 4 H AP F AN 127. 4 M AP F AN

110. 4 M AP F AN 119. 4 E AP F AN 128. 4 H AP F AN

111. 4 E AP F AN 120. 4 E C F AN

Matching

129. 1-4 E,M K F AN

Short-Answer Essay

130. 1 E C F AN 133. 4 H C F AN 136. 4 E C F AN

131. 1 H C F AN 134. 4 E C F AN 137. 4 M C F,CM AN

132. 1,2 M AP F AN, E 135. 4 M C F AN

CPA Questions

138. 1 M C F AN 140. 2 M K F AN 142. 4 M AN F AN

139. 2 M K F AN 141. 4 E K F AN

LOD: E = Easy M = Medium H = Hard

Bloom’s: AN = Analysis AP = Application C = Comprehension K = Knowledge

CPA: F = Financial Reporting CM = Communication

AACSB: AN = Analytic E = Ethics 3 / 4

The Purpose and Use of Financial Statements

Copyright © 2017 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited

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SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE

Item Type Item Type Item Type Item Type Item Type Item Type Item Type Learning Objective 1

1. TF 6. TF 11. TF 39. MC 44. MC 130. SAE

2. TF 7. TF 35. MC 40. MC 45. MC 131. SAE

3. TF 8. TF 36. MC 41. MC 135. SAE 132. SAE

4. TF 9. TF 37. MC 42. MC 136. SAE 138. CP

• TF 10. TF 38. MC 43. MC 129. Ma

Learning Objective 2

• TF 15. TF 47. MC 50. MC 53. MC 103. Ex 139. CP
• TF 16. TF 48. MC 51. MC 54. MC 104. Ex 140. CP
• TF 46. MC 49. MC 52. MC 55. MC 129. Ma

Learning Objective 3

• TF 21. TF 58. MC 62. MC 66. MC 70. MC 107. Ex
• TF 22. TF 59. MC 63. MC 67. MC 71. MC 108. Ex
• TF 56. MC 60. MC 64. MC 68. MC 105. Ex 129. Ma
• TF 57. MC 61. MC 65. MC 69. MC 106. Ex

Learning Objective 4

• TF 33. TF 80. MC 90. MC 100. MC 116. Ex 127. Ex
• TF 34. TF 81. MC 91. MC 101. MC 118. Ex 128. Ex
• TF 72. MC 82. MC 92. MC 102. MC 119. Ex 129. Ma
• TF 73. MC 83. MC 93. MC 109. Ex 120. Ex 133. SAE
• TF 74. MC 84. MC 94. MC 110. Ex 121. Ex 134. SAE
• TF 75. MC 85. MC 95. MC 111. Ex 122. Ex 135. SAE
• TF 76. MC 86. MC 96. MC 112. Ex 123. Ex 136. SAE
• TF 77. MC 87. MC 97. MC 113. Ex 124. Ex 137. SAE
• TF 78. MC 88. MC 98. MC 114. Ex 125. Ex 141. CP
• TF 79. MC 89. MC 99. MC 115. Ex 126. Ex 142. CP

Note: TF = True-False Ma = Matching CP = CPA Questions

MC = Multiple Choice Ex = Exercise SAE = Short-Answer Essay

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