E 1.07 – Listed Below are Several Terms and Phrases
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Pair each item from List A with List B.
Pair each item from List A with List B.
Asks you to agree or disagree with the financial reporting for Wagner, Spooner, Cypress, Rudeen and asks for assumptions, concepts, etc.
Asks you agree or disagree with the reporting practice and reason for Dumars, Vosburgh, Dower, etc.
Asks you to ID accounting concepts for inflation, information, expenses, measurement, timeliness, etc.
Determine if each item is macroscopic, microscopic or particulate.
Determine if each item is a chemical or physical change.
Asks to classify a bunch of costs of the hospital as to what is the cost object and if it’s direct or indirect, such as wages of nurses, prescription drugs, heating, salaries, etc.
Has 8 scenarios and stories and asks what constraint applies. Aks about buying a printer, Don Kirk, Allied changed it’s revenue, etc.
They ask you to pair items from an A-list to a B-list that is most appropriate.
Asks to ID accounting concepts that apply for 7 scenarios such as Marley, Apple, HP, Crosby, etc.