ACG 2021 Lecture 1: Chapter 1 - Detailed Notes

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28 Nov 2019
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CHAPTER 1
ACCOUNTING IN ACTION
SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S
TAXONOMY
Item
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True-False Statements
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1
K
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sg33.
1
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2.
1
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10.
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18.
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26.
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sg34.
2
K
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1
C
11.
2
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19.
4
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sg35.
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12.
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20.
5
C
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C
sg36.
4
C
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2
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13.
2
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5
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29.
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C
sg37.
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K
6.
2
C
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2
K
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5
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30.
7
C
sg38.
6
K
7.
2
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15.
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31.
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sg39.
7
K
8.
2
C
16.
4
K
24.
6
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32.
8
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sg40.
8
K
Multiple Choice Questions
41.
1
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69.
4
C
97.
6
K
125.
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st153.
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42.
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70.
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126.
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st154.
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71.
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99.
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127.
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AP
sg155.
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44.
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C
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100.
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C
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AP
st156.
2
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73.
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101.
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129.
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AP
sg157.
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102.
6
C
130.
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st158.
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47.
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75.
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103.
6
AP
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8
C
sg159.
5
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1
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76.
5
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104.
6
AP
132.
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sg160.
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49.
2
C
77.
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105.
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AP
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sg161.
7
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50.
2
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78.
5
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106.
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AP
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AP
sg162.
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C
51.
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C
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AP
sg163.
8
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52.
2
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80.
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108.
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C
136.
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AP
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81.
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109.
6
AP
137.
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AP
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54.
2
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82.
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110.
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138.
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AP
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a55.
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83.
5
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139.
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a56.
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84.
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AP
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a57.
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141.
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a58.
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62.
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118.
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AP
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63.
3
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6
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119.
7
C
147.
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AN
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64.
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sg15
2.
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.
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Test Bank for Accounting Principles, Eleventh Edition
FOR INSTRUCTOR USE ONLY
1 - 2
SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S
TAXONOMY
Brief Exercises
178.
2
C
181.
6
AP
184.
7
C
187.
8
AP
179.
6
K
182.
6
AP
185.
8
AP
188.
8
AP
180.
6
K
182.
6
C
418
6.
8
C
Exercises
189.
2,4
K
197.
6
C
205.
7
C
213.
8
AP
221.
8
AN
190.
6
C
198.
6,7
C
206.
7
C
214.
8
AP
222.
8
C
191.
6
C
199.
6,7
C
207.
7
AP
215.
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AP
223.
8
AP
192.
6
AP
200.
6,7
AP
208.
7
C
216.
8
AN
224.
8
AP
193.
6
C
201.
7
AP
209.
7
C
217.
8
AP
225.
8
AP
194.
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AP
202.
7
AP
210.
7
C
218.
8
AP
195.
6
AN
203.
7
C
211.
7
C
219.
8
C
196.
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AN
204.
7
AN
212.
7
C
220.
8
AP
Completion Statements
226.
1
K
228.
2
K
230.
4
K
232.
5
K
234.
6
K
227.
2
K
229.
2
K
231.
4
K
233.
6
K
235.
8
K
SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Learning Objective 1
1.
TF
33.
TF
43.
MC
46.
MC
152.
MC
226.
C
2.
TF
41.
MC
44.
MC
47.
MC
153.
MC
3.
TF
42.
MC
45.
MC
48.
MC
154.
MC
Learning Objective 2
4.
TF
8.
TF
12.
TF
49.
MC
53.
MC
155.
MC
227.
C
5.
TF
9.
TF
13.
TF
50.
MC
54.
MC
156.
MC
228.
C
6.
TF
10.
TF
14.
TF
51.
MC
59.
MC
178.
BE
229.
C
7.
TF
11.
TF
34.
TF
52.
MC
60.
MC
175.
Ex
Learning Objective 3
15.
TF
35.
TF
61.
MC
62.
MC
63.
MC
Learning Objective 4
16.
TF
19.
TF
65.
MC
68.
MC
71.
MC
157.
MC
230.
C
17.
TF
36.
TF
66.
MC
69.
MC
72.
MC
158.
MC
231.
C
18.
TF
64.
MC
67.
MC
70.
MC
73.
MC
189.
Ex
Learning Objective 5
20.
TF
37.
TF
77.
MC
81.
MC
85.
MC
232.
C
21.
TF
74.
MC
78.
MC
82.
MC
86.
MC
22.
TF
75.
MC
79.
MC
83.
MC
87.
MC
23.
TF
76.
MC
80.
MC
84.
MC
159.
MC
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Accounting in Action
FOR INSTRUCTOR USE ONLY
1 - 3
SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE
Learning Objective 6
24.
TF
91.
MC
98.
MC
105.
MC
182.
BE
195.
Ex
234.
C
25.
TF
92.
MC
99.
MC
106.
MC
183.
BE
196.
Ex
26.
TF
93.
MC
100.
MC
107.
MC
190.
Ex
197.
Ex
38.
TF
94.
MC
101.
MC
160.
MC
191.
Ex
198.
Ex
88.
MC
95.
MC
102.
MC
179.
BE
192.
Ex
199.
Ex
89.
MC
96.
MC
103.
MC
180.
BE
193.
Ex
200.
Ex
90.
MC
97.
MC
104.
MC
181.
BE
194.
Ex
233.
C
Learning Objective 7
27.
TF
113.
MC
120.
MC
185.
Ex
205.
Ex
197.
Ex
217.
Ex
28.
TF
115.
MC
121.
MC
186.
Ex
206.
Ex
198.
Ex
29.
TF
116.
MC
161.
MC
201.
Ex
207.
Ex
213.
Ex
30.
TF
117.
MC
162.
MC
202.
Ex
208.
Ex
214.
Ex
39.
TF
118.
MC
184.
BE
203.
Ex
209.
Ex
215.
Ex
112.
MC
119.
MC
184.
Ex
204.
Ex
196.
Ex
216.
Ex
Learning Objective 8
31.
TF
129.
MC
139.
MC
149.
MC
201.
Ex
225.
Ex
32.
TF
130.
MC
140.
MC
150.
MC
202.
Ex
235.
C
40.
TF
131.
MC
141.
MC
151.
MC
217.
Ex
122.
MC
132.
MC
142.
MC
163.
MC
218.
Ex
123.
MC
133.
MC
143.
MC
185.
BE
219.
Ex
124.
MC
134.
MC
144.
MC
186.
BE
220.
Ex
125.
MC
135.
MC
145.
MC
187.
BE
221.
Ex
126.
MC
136.
MC
146.
MC
188.
BE
222.
Ex
127.
MC
137.
MC
147.
MC
199.
Ex
223.
Ex
128.
MC
138.
MC
148.
MC
200.
Ex
224.
Ex
Learning Objective 9
a55.
MC
a56.
MC
a57.
MC
a58.
MC
Learning Objective 10
164.
MC
166.
MC
168.
MC
170.
MC
172.
MC
174.
MC
176.
MC
165.
MC
167.
MC
169.
MC
171.
MC
173.
MC
175.
MC
177.
MC
Note: TF = True-False BE = Brief Exercise C = Completion
MC = Multiple Choice Ex = Exercise
This chapter also contains one set of ten Matching questions and Short-Answer Essay questions.
A summary table of all learning outcomes, including AACSB, AICPA, and IMA professional
standards, is available on the Weygandt Accounting Principles 11e instructor web site.
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