CHAPTER 1 INTRODUCTION TO FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE 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. 3 K 33. 3 K 2. 1 K 10. 1 K 18. 2 C 26. 3 K 34. 3 K 3. 1 K 11. 1 K 19. 2 K 27. 3 K 35. 3 K 4. 1 K 12. 2 K 20. 3 K 28. 3 C 36. 3 K 5. 1 K 13. 2 K 21. 3 K 29. 3 C 37. 3 K 6. 1 K 14. 2 K 22. 3 K 30. 3 C 38. 3 K 7. 1 K 15. 2 K 23. 3 K 31. 3 C 39. 3 K 8. 1 K 16. 2 K 24. 3 K 32. 3 C 40. 3 C Multiple Choice Questions 41. 1 K 68. 1 K 95. 3 AP 122. 3 AP 149. 3 K 42. 1 K 69. 1 K 96. 3 K 123. 3 AN 150. 3 C 43. 1 K 70. 1 K 97. 2 C 124. 3 AN 151. 3 C 44. 1 K 71. 1 K 98. 2 C 125. 3 K 152. 3 C 45. 1 K 72. 1 C 99. 3 K 126. 3 K 153. 3 AP 46. 1 K 73. 1 K 100. 3 K 127. 3 K 154. 3 AP 47. 1 K 74. 1 K 101. 3 K 128. 3 AP 155. 3 AP 48. 1 K 75. 1 C 102. 3 C 129. 3 AP 156. 3 AP 49. 1 K 76. 2 C 103. 3 K 130. 3 AP 157. 3 AP 50. 1 K 77. 2 C 104. 3 C 131. 3 AP 158. 3 AP 51. 1 C 78. 2 K 105. 3 K 132. 3 AN 159. 3 K 52. 1 C 79. 2 K 106. 3 K 133. 3 AN 160. 3 K 53. 1 K 80. 2 K 107. 3 K 134. 3 AN 161. 3 AN 54. 1 K 81. 2 K 108. 3 K 135. 3 AN 162. 3 AN 55. 1 C 82. 2 K 109. 3 C 136 3 AN 163. 3 AN 56. 1 K 83. 2 K 110. 3 K 137. 3 K 164. 3 AN 57. 1 K 84. 2 K 111. 3 K 138. 3 K 165. 3 AN 58. 1 K 85. 2 K 112. 3 K 139. 3 K 166. 3 K 59. 1 K 86. 2 K 113. 3 C 140. 3 K 167. 3 K 60. 1 K 87. 2 K 114. 3 K 141. 3 K 168. 3 K 61. 1 K 88. 2 K 115. 3 C 142. 3 K 169. 3 K 62. 1 K 89. 2 K 116. 3 K 143. 3 K 170. 3 K 63. 1 K 90. 2 K 117. 3 K 144. 3 K 171. 3 K 64. 1 K 91. 2 K 118. 3 C 145. 3 K 172. 3 K 65. 1 K 92. 2 K 119. 3 AP 146. 3 K 173. 3 C 66. 1 K 93. 2 K 120. 3 AP 147. 3 C 174. 3 K 67. 1 K 94. 3 AP 121. 3 AP 148. 3 K Brief Exercises 175. 1 C 179. 3 AP 183. 3 AP 187. 3 C 191. 3 AN 176. 2 C 180. 3 C 184. 3 AP 188. 3 AN 177. 3 AP 181. 3 AP 185. 3 K 189. 3 C 178. 154. 3 AP 182. 3 K 186. 3 C 190. 3 AN Exercises 192. 3 AP 194. 3 AP 196. 3 AN 198. 3 AP 200. 3 AP 193. 3 AP 195. 3 AP 197. 3 AP 199. 3 AN 201. 3 AN