THE PURPOSE AND USE OF FINANCIAL STATEMENTS SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, LEVEL OF DIFFICULTY, BLOOM’S TAXONOMY, CPA CODES, AND AACSB CODES Item LO LODBloom’s CPA AACSB ItemLOLODBloom’s CPA AACSB Item LOLODBloom’s CPAAACSB True-False Statements 1. 1 E K F AN 13. 2 E K F AN 25. 4 M K F AN 2. 1 E C F AN 14. 2 E K F AN 26. 4 M K F AN 3. 1 E C F AN 15. 2 M K F AN 27. 4 E K F AN 4. 1 E K F AN 16. 2 E K F AN 28. 4 M K F AN 5. 1 E K F AN 17. 3 E K F AN 29. 4 E K F AN 6. 1 E K F AN 18. 3 E K F AN 30. 4 M C F AN 7. 1 M C F AN 19. 3 M K F AN 31. 4 E C F AN 8. 1 M C F AN 20. 3 E K F AN 32. 4 E K F AN 9. 1 M C F AN 21. 3 M K F AN 33. 4 M C F AN 10. 1 M C F AN 22. 3 E C F AN 34. 4 E K F AN 11. 1 M C F AN 23. 4 M K F AN 12. 2 E K F AN 24. 4 E K F AN Multiple Choice Questions 35. 1 E K F AN 58. 3 E C F AN 81. 4 E C F AN 36. 1 E K F AN 59. 3 E C F AN 82. 4 E K F AN 37. 1 M K F AN 60. 3 M C F AN 83. 4 E C F AN 38. 1 M K F AN 61. 3 M K F AN 84. 4 H AP F AN 39. 1 E K F AN 62. 3 M K F AN 85. 4 M AP F AN 40. 1 E K F AN 63. 3 M C F AN 86. 4 M AP F AN 41. 1 E K F AN 64. 3 E K F AN 87. 4 M AP F AN 42. 1 E K F AN 65. 3 E C F AN 88. 4 M K F AN 43. 1 E K F AN 66. 3 E C F AN 89. 4 M C F AN 44. 1 E C F AN 67. 3 E K F AN 90. 4 M K F AN 45. 1 M C F AN 68. 3 E K F AN 91. 4 E K F AN 46. 2 M K F AN 69. 3 E K F AN 92. 4 M K F AN 47. 2 M K F AN 70. 3 E K F AN 93. 4 M C F AN 48. 2 M K F AN 71. 3 M C F AN 94. 4 M K F AN 49. 2 E K F AN 72. 4 M K F AN 95. 4 E K F AN 50. 2 E K F AN 73. 4 M C F AN 96. 4 E C F AN 51. 2 E C F AN 74. 4 E K F AN 97. 4 E K F AN 52. 2 E K F AN 75. 4 E C F AN 98. 4 E C F AN 53. 2 M K F AN 76. 4 M K F AN 99. 4 E C F AN 54. 2 E C F AN 77. 4 H C F AN 100. 4 H C F AN 55. 2 M K F AN 78. 4 E K F AN 101. 4 M C F AN