CHAPTER 1 ACCOUNTING IN ACTION SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 9. 1 K 17. 2 K 25. 4 K sg33. 1 K 2. 1 K 10. 1 K 18. 2 K 26. 4 K sg34. 1 K 3. 1 C 11. 1 K 19. 2 K 27. 4 K sg35. 2 K 4. 1 K 12. 2 K 20. 2 C 28. 5 C sg36. 2 C 5. 1 K 13. 2 K 21. 3 K 29. 5 C sg37. 2 K 6. 1 C 14. 2 K 22. 3 K 30. 6 C sg38. 3 K 7. 1 K 15. 2 K 23. 3 K 31. 6 K sg39. 4 K 8. 1 C 16. 2 K 24. 4 K 32. 6 K sg40. 5 K Multiple Choice Questions 41. 1 K 69. 2 C 97. 3 K 125. 5 K st153. 1 K 42. 1 K 70. 2 K 98. 3 K 126. 5 K st154. 1 K 43. 1 K 71. 2 K 99. 3 K 127. 5 AP sg155. 2 K 44. 1 C 72. 2 C 100. 3 C 129. 5 AP st156. 2 K 45. 1 K 73. 2 K 101. 3 K 129. 5 AP sg157. 2 K 46. 1 K 74. 2 K 102. 3 C 130. 5 K st158. 2 K 47. 1 K 75. 2 K 103. 3 AP 131. 5 C sg159. 3 K 48. 1 K 76. 2 K 104. 3 AP 132. 5 K sg160. 4 K 49. 1 C 77. 2 K 105. 3 AP 133. 5 K sg161. 4 C 50. 1 C 78. 2 K 106. 3 AP 134. 5 AP sg162. 5 C 51. 1 C 79. 2 C 107. 3 AP 135. 5 AP sg163. 6 K 52. 1 C 80. 2 C 108. 3 C 136. 5 AP 164. 7 K 53. 1 C 81. 2 K 109. 3 AP 137. 5 AP 165. 7 K 54. 1 C 82. 2 K 110. 3 C 138. 5 AP 166. 7 K a55. 6 K 83. 2 C 111. 3 C 139. 5 AP 167. 7 K a56. 6 K 84. 2 K 112. 4 C 140. 5 AP 168. 7 K a57. 6 K 85. 2 K 113. 4 C 141. 5 AP 169. 7 K a58. 6 C 86. 2 K 114. 3 C 142. 5 AP 170. 7 K 59. 1 K 87. 2 K 115. 4 C 143. 5 AP 171. 7 K 60. 1 K 88. 3 K 116. 4 K 144. 5 AP 172. 7 K 61. 2 C 89. 3 K 117. 4 C 145. 5 AP 173. 7 K 62. 2 K 90. 3 K 118. 4 C 146. 5 AP 174. 7 K 63. 2 C 91. 3 C 119. 4 C 147. 5 AN 175. 7 K 64. 2 K 92. 3 K 120. 4 AN 148. 5 AN 176. 7 K 65. 2 K 93. 3 K 121. 4 C 149. 5 AN 177. 7 K 66. 2 C 94. 3 C 122. 5 C 150. 5 AN 67. 2 K 95. 3 K 123. 5 C 151. 5 AN 68. 2 K 96. 3 K 124. 5 K sg152. 1 K sg This question also appears in the Study Guide. st This question also appears in a self-test at the student companion website. a This question covers a topic in an appendix to the chapter.