Test Bank 1 Testbank logo
Login / Register
Wishlist
0 items / $0.00
Menu
Test Bank 1 Testbank logo
0 items / $0.00
  • Home
  • HEALTH PROFESSIONS
    • Nursing
    • Pharmacology/Surgical
    • Surgical Technology
    • Health and Disease
    • Blood Banking
    • Medical
    • Medicine
    • Emergency Care
    • Nutritional Care
    • Dental Materials
    • Cancer
    • Drug
  • BUSINESS & MANAGEMENT
    • Accounting
    • Marketing
    • Management
    • Statistics
    • Auditing
    • Business
    • Business Statistics
    • Banking
    • Financial
    • Financial Accounting
    • PERSONAL FINANCE
    • Investment
    • Taxation of Business
  • EXAMS
    • ATI Exam
    • Hesi Exam
    • Physical/Examination
  • SCIENCE & TECHNOLOGY
    • Biology
    • Chemistry
    • Biochemistry
    • Basic Chemistry
    • Environmental Science
    • Geography
    • Math
    • Psychology
    • Anatomy & Physiology
    • Astronomy
    • Information Technology
    • Microbiology/Biology
    • Neuropsychology
    • Pediatric Primary
    • Research Method
  • Engineering
    • Information Technology
    • Computing Technology
    • Data Analysis
    • Database
    • Web Design
    • Web Development
  • Humanities
    • Communication
    • Economics
    • Education
    • History
    • Sociology
    • Human Development
    • Human Physiology
    • Human Sexuality
    • Politics
    • Criminology
    • Criminal Justic
    • Art
    • Leadership
    • Learning
    • Legal Environment
    • Lifespan
    • Relationship
  • Blog
Sale
Fundamental Accounting Principles 14th Canadian Edition Volume 2 By Larson – Test Bank
HomeAccounting Fundamental Accounting Principles 14th Canadian Edition Volume 2 By Larson – Test Bank
Previous product
Cost Accounting A Managerial Emphasis 14th Edition By Charles – Test Bank
Cost Accounting A Managerial Emphasis 14th Edition By Charles – Test Bank $55.00 $45.00
Back to products
Next product
Fundamental Accounting Principles 24th Edition By John Wild – Test Bank
Fundamental Accounting Principles 24th Edition By John Wild – Test Bank $55.00 $45.00

Fundamental Accounting Principles 14th Canadian Edition Volume 2 By Larson – Test Bank

$55.00 $45.00

Compare
Add to wishlist
SKU: 479241 Category: Accounting
Share
  • Description
  • Reviews (0)
  • Shipping & Delivery
Description

Fundamental Accounting Principles 14th Canadian Edition Volume 2 By Larson – Test Bank

c11 Key

1. A liability is a future payment of assets or services that a company is currently obligated to make as a result of past transactions or events.
TRUE

Difficulty: Easy
Larson – Chapter 11 #1
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

2. A company’s obligations not expected to be paid within the longer of one year of the balance sheet date or the next operating cycle are reported as current liabilities.
FALSE

Difficulty: Easy
Larson – Chapter 11 #2
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

3. All expected future payments are liabilities.
FALSE

Difficulty: Moderate
Larson – Chapter 11 #3
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

4. A liability exists because of a past event that creates a future obligation for future sacrifices.
FALSE

Difficulty: Hard
Larson – Chapter 11 #4
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

5. Long-term liabilities are obligations of a company requiring payment within one year.
FALSE

Difficulty: Easy
Larson – Chapter 11 #5
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

6. A long-term liability can have a current component.
TRUE

Difficulty: Moderate
Larson – Chapter 11 #6
Learning Objective: 11-01 Describe the characteristics of liabilities and explain the difference between current and long-term liabilities.
Type: Knowledge

7. Amounts received in advance from a customer for future products or services are initially recorded as liabilities.
TRUE

Difficulty: Easy
Larson – Chapter 11 #7
Learning Objective: 11-02 Identify and describe known current liabilities.
Type: Knowledge

8. Trade accounts payable are amounts owed to suppliers for products or services purchased on credit.
TRUE

Difficulty: Easy
Larson – Chapter 11 #8
Learning Objective: 11-02 Identify and describe known current liabilities.
Type: Knowledge

9. Unearned revenue is another name for sales revenue.
FALSE

Difficulty: Easy
Larson – Chapter 11 #9
Learning Objective: 11-02 Identify and describe known current liabilities.
Type: Knowledge

10. Sales taxes payable is credited and cash is debited when firms send sales taxes collected from customers to the government.
FALSE

Difficulty: Moderate
Larson – Chapter 11 #10
Learning Objective: 11-02 Identify and describe known current liabilities.
Type: Knowledge

Related

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Fundamental Accounting Principles 14th Canadian Edition Volume 2 By Larson – Test Bank” Cancel reply

Your email address will not be published. Required fields are marked *

Shipping & Delivery

Related products

Sale
Advanced Assessment Interpreting Findings 3rd Edition By Goolsby Grubbs – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Advanced Assessment Interpreting Findings 3rd Edition By Goolsby Grubbs – Test Bank

$55.00 $45.00
Sale
Advanced Accounting 11th Edition By Beams – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Advanced Accounting 11th Edition By Beams – Test Bank

$55.00 $45.00
Sale
Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank

$55.00 $45.00
Sale
Accounting For Governmental Nonprofit Entities 18th Edition By Reck – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting For Governmental & Nonprofit Entities 18th Edition By Reck – Test Bank

$55.00 $45.00
Sale
Accounting Principles 7th Canadian Edition Volume 1 By Jerry – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting Principles 7th Canadian Edition Volume 1 By Jerry – Test Bank

$55.00 $45.00
Sale
Accounting 25th Edition By Warren – Test Bank 1
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting 25th Edition By Warren – Test Bank

$55.00 $45.00
Sale
Accounting For Governmental And Nonprofit Entities 17th Edition By Reck – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting For Governmental And Nonprofit Entities 17th Edition By Reck – Test Bank

$55.00 $45.00
Sale
Accounting 26th Edition By Warren – Test Bank
Compare
Quick view
Add to wishlist
Add to cart
Close

Accounting 26th Edition By Carl Warren James – Test Bank

$55.00 $45.00
Test Bank 1
  • 451 Wall Street, UK, London
  • Phone: (064) 332-1233
  • admin@testbank.biz
MAIN
  • Home
  • Blog
  • Guide
  • FAQs
  • Contact us
  • Account
CATEGORIES
  • Test Banks & Solutions
  • List Of Products
  • Nursing Test Bank
  • Accounting Test Bank
  • Exams Test Bank
  • Surgical Test Bank
NEED HELP?
  • Privacy Policy
  • Refund & Returns
  • Terms And Conditions
  • Shipping Policy
  • Billing Term & Conditions
  • Submit your Request

NEW REQUEST

We have the biggest collection of authentic Test Banks with many more being uploaded every day so if you can’t find your desired Test Bank or Solution Manual then please Submit Request and we will send it to your inbox.

2023 TestBank | All Rights Reserved.
payments
  • Menu
  • Categories
  • Test Banks & Solutions
  • List Of Products
  • Nursing Test Bank
  • Accounting Test Bank
  • Exams Test Bank
  • Surgical Test Bank
  • Home
  • HEALTH PROFESSIONS
    • Nursing
    • Pharmacology/Surgical
    • Surgical Technology
    • Health and Disease
    • Blood Banking
    • Medical
    • Medicine
    • Emergency Care
    • Nutritional Care
    • Dental Materials
    • Cancer
    • Drug
  • BUSINESS & MANAGEMENT
    • Accounting
    • Marketing
    • Management
    • Statistics
    • Auditing
    • Business
    • Business Statistics
    • Banking
    • Financial
    • Financial Accounting
    • PERSONAL FINANCE
    • Investment
    • Taxation of Business
  • EXAMS
    • ATI Exam
    • Hesi Exam
    • Physical/Examination
  • SCIENCE & TECHNOLOGY
    • Biology
    • Chemistry
    • Biochemistry
    • Basic Chemistry
    • Environmental Science
    • Geography
    • Math
    • Psychology
    • Anatomy & Physiology
    • Astronomy
    • Information Technology
    • Microbiology/Biology
    • Neuropsychology
    • Pediatric Primary
    • Research Method
  • Engineering
    • Information Technology
    • Computing Technology
    • Data Analysis
    • Database
    • Web Design
    • Web Development
  • Humanities
    • Communication
    • Economics
    • Education
    • History
    • Sociology
    • Human Development
    • Human Physiology
    • Human Sexuality
    • Politics
    • Criminology
    • Criminal Justic
    • Art
    • Leadership
    • Learning
    • Legal Environment
    • Lifespan
    • Relationship
  • Blog
  • Wishlist
  • Login / Register
Shopping cart
close

Sign in

close

Lost your password?

No account yet?

Create an Account
Start typing to see products you are looking for.