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This test bank assists learners in mastering the materials necessary to pass their exams.
Comprehensive Coverage: This contains everything important in further subtraction of the same measure.
Practical Examples: Umland notes that ‘all forms of entrepreneurship require one to be able to both invent and market products and services’ exemplified in
User-Friendly Format: joining and associating words with meaning most relevant to students
Key Topics Covered
A test bank version of a tutorial covers knowledge learners need to be able to accomplish.
Financial Statements: A statement concerning performance is incorrect without these.
Accounting Principles: The language of finance is a concept, or rather a set of fundamental concepts.
Decision-Making Tools: There are various techniques along with tools which assist on making reasonable business decisions.
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Question Drill: Offers a range of questions under exam scenarios to assist in practice.
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Financial Accounting: Tools for Business Decision-Making, 6th Canadian Edition Test Bank
CHAPTER 1
THE PURPOSE AND USE OF FINANCIAL STATEMENTS
Summary of Question TYPEs by STUDY Objective and Level of difficulty
Item
SO
LOD
Item
SO
LOD
Item
SO
LOD
Item
SO
LOD
Item
SO
LOD
True-False Statements
1.
1
E
11.
2
E
21.
3
M
31.
4
E
41.
4
E
2.
1
E
12.
2
E
22.
3
E
32.
4
E
42.
4
M
3.
1
E
13.
2
E
23.
3
E
33.
4
E
43.
4
E
4.
1
E
14.
2
E
24.
3
M
34.
4
E
44.
4
E
5.
1
E
15.
2
E
25.
3
E
35.
4
E
45.
4
M
6.
1
E
16.
3
E
26.
4
M
36.
4
E
46.
4
E
7.
1
E
17.
3
E
27.
4
E
37.
4
E
8.
1
E
18.
3
M
28.
4
M
38.
4
E
9.
1
E
19.
3
M
29.
4
M
39.
4
E
10.
1
E
20.
3
E
30.
4
E
40.
4
M
Multiple Choice Questions
47.
1
E
60.
2
E
73.
3
E
86.
4
M
99.
4
M
48.
1
E
61.
2
E
74.
3
E
87.
4
H
100.
4
M
49.
1
M
62.
2
E
75.
3
E
88.
4
E
101.
4
E
50.
1
M
63.
2
E
76.
3
E
89.
4
M
102.
4
M
51.
1
E
64.
2
M
77.
3
E
90.
4
E
103.
4
M
52.
1
E
65.
2
E
78.
3
E
91.
4
E
104.
4
M
53.
1
E
66.
2
M
79.
3
E
92.
4
E
105.
4
E
54.
1
E
67.
3
E
80.
3
E
93.
4
E
106.
4
E
55.
1
E
68.
3
E
81.
3
E
94.
4
H
107.
4
E
56.
1
E
69.
3
E
82.
4
M
95.
4
M
108.
4
E
57.
2
M
70.
3
E
83.
4
M
96.
4
M
109.
4
E
58.
2
M
71.
3
E
84.
4
E
97.
4
M
110.
4
H
59.
2
M
72.
3
M
85.
4
E
98.
4
M
Exercises
111.
3
M
116.
4
M
121.
4
E
126.
4
E
131.
4
M
112.
3
M
117.
4
E
122.
4
H
127.
4
E
132.
4
H
113.
4
H
118.
4
E
123.
4
E
128.
4
E
114.
4
M
119.
4
M
124.
4
E
129.
4
M
115.
4
E
120.
4
H
125.
4
E
130.
4
E
Matching
133.
1–4
E,M
Short-Answer Essay
134.
1
E
136.
2
M
138.
4
E
140.
4
E
135.
1,2
M
137.
4
M
139.
4
M
141.
4
M
Note: E = Easy M = Medium H = HardSUMMARY OF STUDY OBJECTIVES BY QUESTION TYPE
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Study Objective 1
1.
TF
5.
TF
9.
TF
49.
MC
53.
MC
133-1.
Ma
2.
TF
6.
TF
10.
TF
50.
MC
54.
MC
134.
SAE
3.
TF
7.
TF
47.
MC
51.
MC
55.
MC
135.
SAE
4.
TF
8.
TF
48.
MC
52.
MC
56.
MC
Study Objective 2
11.
TF
14.
TF
58.
MC
61.
MC
64.
MC
133-2.
Ma
136.
SAE
12.
TF
15.
TF
59.
MC
62.
MC
65.
MC
133-3.
Ma
13.
TF
57.
MC
60.
MC
63.
MC
66.
MC
135.
SAE
Study Objective 3
16.
TF
21.
TF
67.
MC
72.
MC
77.
MC
111.
Ex
133-7.
Ma
17.
TF
22.
TF
68.
MC
73.
MC
78.
MC
112.
Ex
133-8.
Ma
18.
TF
23.
TF
69.
MC
74.
MC
79.
MC
133-4.
Ma
19.
TF
24.
TF
70.
MC
75.
MC
80.
MC
133-5.
Ma
20.
TF
25.
TF
71.
MC
76.
MC
81.
MC
133-6.
Ma
Study Objective 4
26.
TF
37.
TF
83.
MC
94.
MC
105.
MC
118.
Ex
129.
Ex
27.
TF
38.
TF
84.
MC
95.
MC
106.
MC
119.
Ex
130.
Ex
28.
TF
39.
TF
85.
MC
96.
MC
107.
MC
120.
Ex
131.
Ex
29.
TF
40.
TF
86.
MC
97.
MC
108.
MC
121.
Ex
132.
Ex
30.
TF
41.
TF
87.
MC
98.
MC
109.
MC
122.
Ex
133-9.
Ma
31.
TF
42.
TF
88.
MC
99.
MC
110.
MC
123.
Ex
133-10.
Ma
32.
TF
43.
TF
89.
MC
100.
MC
113.
Ex
124.
Ex
137.
SAE
33.
TF
44.
TF
90.
MC
101.
MC
114.
Ex
125.
Ex
138.
SAE
34.
TF
45.
TF
91.
MC
102.
MC
115.
Ex
126.
Ex
139.
SAE
35.
TF
46.
TF
92.
MC
103.
MC
116.
Ex
127.
Ex
140.
SAE
36.
TF
82.
MC
93.
MC
104.
MC
117.
Ex
128.
Ex
141.
SAE
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