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True / False
1. A merchandising business buys products from other businesses to sell to customers.
a. True
b. False
ANSWER:Â Â True
POINTS:Â Â 1
DIFFICULTY:Â Â Easy
Bloom's:Â Remembering
QUESTION TYPE:  True / False
HASÂ VARIABLES:Â Â False
LEARNINGÂ OBJECTIVES:Â Â ACCT.WARD.18.01-01Â -Â 01-01
ACCREDITING STANDARDS:  ACCT.ACBSP.APC.03 - Business Forms
ACCT.AICPA.BB.01Â -Â Industry
ACCT.AICPA.FN.03Â -Â Measurement
BUSPROG:Â Analytic
DATEÂ CREATED:Â Â 1/16/2017Â 3:49Â PM
DATEÂ MODIFIED:Â Â 2/7/2017Â 11:04Â AM
2. The role of accounting is to provide many different users with financial information to make economic decisions.
a. True
b. False
ANSWER:Â Â True
POINTS:Â Â 1
DIFFICULTY:Â Â Moderate
Bloom's:Â Remembering
QUESTION TYPE:  True / False
HASÂ VARIABLES:Â Â False
LEARNINGÂ OBJECTIVES:Â Â ACCT.WARD.18.01-01Â -Â 01-01
ACCREDITINGÂ STANDARDS:Â Â ACCT.ACBSP.APC.01Â -Â Purpose
ACCT.AICPA.FN.03Â -Â Measurement
BUSPROG:Â Analytic
Accounting, 27e Carl Warren James Reeve Jonathan Duchac (Test Bank All Chapters, 100% Original Verified, A+ Grade) (Complete And Verified Study material) (3345pages) LEARNEXAMS
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