THE PURPOSE AND USE OF FINANCIAL STATEMENTS

Financial Accounting Tools for Business Decision Making, 9th Canadian Edition, 9e Kimmel, Weygandt, Mitchell, Trenholm, Irvine, Burnley

(Test Bank all Chapter)

(For Complete File, Download link at the end of this File)

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Copyright © 2023 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited

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 61. 3 M C F AN 87. 4 M C F AN

36. 1 E K F AN 62. 3 E C F AN 88. 4 E C F AN

37. 1 M K F AN 63. 3 E C F AN 89. 4 E C F AN

38. 1 M K F AN 64. 3 M C F AN 90. 4 E K F AN

39. 1 E K F AN 65. 3 M K F AN 91. 4 E C F AN

40. 1 E K F AN 66. 3 M K F AN 92. 4 H AP F AN

41. 1 E K F AN 67. 3 M C F AN 93. 4 M AP F AN

42. 1 E K F AN 68. 3 E K F AN 94. 4 M AP F AN

43. 1 E K F AN 69. 3 E C F AN 95. 4 M AP F AN

44. 1 E C F AN 70. 3 E C F AN 96. 4 M K F AN

45. 1 M C F AN 71. 3 E K F AN 97. 4 M C F AN

46. 1 E K F AN 72. 3 E K F AN 98. 4 M K F AN

47. 1 E K F AN 73. 3 E K F AN 99. 4 E K F AN

48. 2 E C F AN 74. 3 E K F AN 100. 4 M K F AN

49. 2 E K F AN 75. 3 M C F AN 101. 4 M C F AN

50. 2 M K F AN 76. 3 E C F AN 102. 4 M K F AN

51. 2 M K F AN 77. 3 E C F AN 103. 4 E K F AN

52. 2 M K F AN 78. 4 M AP F AN 104. 4 E C F AN

53. 2 E K F AN 79. 4 E C F AN 105. 4 E K F AN

54. 2 E K F AN 80. 4 M K F AN 106. 4 E C F AN

55. 2 E C F AN 81. 4 M C F AN 107. 4 E C F AN

56. 2 E K F AN 82. 4 E K F AN 108. 4 H C F AN

57. 2 M K F AN 83. 4 E C F AN 109. 4 M C F AN

58. 2 E C F AN 84. 4 M K F AN 110. 4 M C F AN

59. 2 M K F AN 85. 4 H C F AN

60. 3 E K F AN 86. 4 E K F AN

LOD: E = Easy M = Medium H = Hard

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

CPA: F = Financial Reporting

AACSB: AN = Analytic

NOTE: For Complete File, Download link at the end of this File) 2 / 4

Test Bank for Financial Accounting: Tools for Business Decision-Making, Ninth Canadian Edition

Copyright © 2023 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

111. 1 E C F AN 122. 4 E K F AN 133. 4 E AP F AN

112. 2 M AP F AN 123. 4 H AP F AN 134. 4 E C F AN

113. 2 E C F AN 124. 4 M AP F AN 135. 4 E C F AN

114. 2 M C F AN 125. 4 E AP F AN 136. 4 E C F AN

115. 2 M C F AN 126. 4 M AP F AN 137. 4 E AP F AN

116. 3 M C F AN 127. 4 E AP F AN 138. 4 E C F AN

117. 3 M C F AN 128. 4 E C F AN 139. 4 M AP F AN

118. 3 H AP F AN 129. 4 M AP F AN 140. 4 E AP F AN

119. 3 M AP F AN 130. 4 H AP F AN 141. 4 M AP F AN

120. 3 E C F AN 131. 4 E C F AN 142. 4 H AP F AN

121. 3 M AP F AN 132. 4 H AP F AN

Matching

143. 1-4 E,M K F AN

Short-Answer Essay

144. 1 E C F AN 148. 2 E K F AN 152. 4 E C F AN

145. 1 E C F AN 149. 4 H C F AN 153. 4 M C F,CM AN

146. 1 H C F AN 150. 4 E C F AN 154. 4 E C F AN

147. 1,2 M AP F AN, E 151. 4 M C F AN 155. 4 M AN F AN

Objective Format Questions

156. 1 M C F AN 159. 2 M K F AN 162. 4 M AN F AN

157. 1 E K F AN 160. 2 E C F AN

158. 2 M K F AN 161. 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

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The Purpose and Use of Financial Statements

Copyright © 2023 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

• TF 6. TF 11. TF 39. MC 44. MC 143. Ma 156. OF

2. TF 7. TF 35. MC 40. MC 45. MC 144. SAE 157. OF

3. TF 8. TF 36. MC 41. MC 46. MC 145. SAE

4. TF 9. TF 37. MC 42. MC 47. MC 146. SAE

• TF 10. TF 38. MC 43. MC 111. Ex 147. SAE

Learning Objective 2

• TF 16. TF 51. MC 55. MC 59. MC 115. Ex 158. OF
• TF 48. MC 52. MC 56. MC 112. Ex 143. Ma 159. OF
• TF 49. MC 53. MC 57. MC 113. Ex 147. SAE 160. OF
• TF 50. MC 54. MC 58. MC 114. Ex 148. SAE

Learning Objective 3

• TF 22. TF 64. MC 69. MC 74. MC 117. Ex 143. Ma
• TF 60. MC 65. MC 70. MC 75. MC 118. Ex
• TF 61. MC 66. MC 71. MC 76. MC 119. Ex
• TF 62. MC 67. MC 72. MC 77. MC 120. Ex
• TF 63. MC 68. MC 73. MC 116. Ex 121. Ex

Learning Objective 4

• TF 34. TF 88. MC 99. MC 110. MC 132. Ex 143. Ma
• TF 78. MC 89. MC 100. MC 122. Ex 133. Ex 149. SAE
• TF 79. MC 90. MC 101. MC 123. Ex 134. Ex 150. SAE
• TF 80. MC 91. MC 102. MC 124. Ex 135. Ex 151. SAE
• TF 81. MC 92. MC 103. MC 125. Ex 136. Ex 152. SAE
• TF 82. MC 93. MC 104. MC 126. Ex 137. Ex 153. SAE
• TF 83. MC 94. MC 105. MC 127. Ex 138. Ex 154. SAE
• TF 84. MC 95. MC 106. MC 128. Ex 139. Ex 155. SAE
• TF 85. MC 96. MC 107. MC 129. Ex 140. Ex 161. OF
• TF 86. MC 97. MC 108. MC 130. Ex 141. Ex 162. OF
• TF 87. MC 98. MC 109. MC 131. Ex 142. Ex

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

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

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