CHAPTER 1 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 LOD Bloom’s CPAAACSB Item LOLOD Bloom’s CPA AACSB Item LOLOD Bloom’s CPA AACSB 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 61. 3 M C F AN 87. 4 M C F AN 36. 1 E K F AN 62. 3 E C F AN 88. 4 E C F AN 37. 1 M K F AN 63. 3 E C F AN 89. 4 E C F AN 38. 1 M K F AN 64. 3 M C F AN 90. 4 E K F AN 39. 1 E K F AN 65. 3 M K F AN 91. 4 E C F AN 40. 1 E K F AN 66. 3 M K F AN 92. 4 H AP F AN 41. 1 E K F AN 67. 3 M C F AN 93. 4 M AP F AN 42. 1 E K F AN 68. 3 E K F AN 94. 4 M AP F AN 43. 1 E K F AN 69. 3 E C F AN 95. 4 M AP F AN 44. 1 E C F AN 70. 3 E C F AN 96. 4 M K F AN 45. 1 M C F AN 71. 3 E K F AN 97. 4 M C F AN 46. 1 E K F AN 72. 3 E K F AN 98. 4 M K F AN 47. 1 E K F AN 73. 3 E K F AN 99. 4 E K F AN 48. 2 E C F AN 74. 3 E K F AN 100. 4 M K F AN 49. 2 E K F AN 75. 3 M C F AN 101. 4 M C F AN 50. 2 M K F AN 76. 3 E C F AN 102. 4 M K F AN 51. 2 M K F AN 77. 3 E C F AN 103. 4 E K F AN 52. 2 M K F AN 78. 4 M AP F AN 104. 4 E C F AN 53. 2 E K F AN 79. 4 E C F AN 105. 4 E K F AN 54. 2 E K F AN 80. 4 M K F AN 106. 4 E C F AN 55. 2 E C F AN 81. 4 M C F AN 107. 4 E C F AN 56. 2 E K F AN 82. 4 E K F AN 108. 4 H C F AN 57. 2 M K F AN 83. 4 E C F AN 109. 4 M C F AN 58. 2 E C F AN 84. 4 M K F AN 110. 4 M C F AN 59. 2 M K F AN 85. 4 H C F AN 60. 3 E K F AN 86. 4 E K F AN