The second volume is where this course starts to look like the profession it leads to. Accounting, Volume 2, Ninth Canadian Edition by Horngren leaves the mechanics of recording behind and spends its chapters on how a company finances itself and reports the result: shares issued, debt raised, investments held, cash generated, ratios read by somebody on the outside. The questions change with it. They stop asking you to record a transaction and start asking what a given transaction does to the statements and to the measures built on them.
Why this test bank helps
Effects questions are unforgiving because a small misunderstanding produces a confidently wrong answer. If you think a stock dividend changes total equity, every question touching it will be wrong in the same way, and re-reading the chapter will not surface the error because the sentence you misread still reads fine. Practice surfaces it immediately, and the rationale under each item states the effect on each element explicitly so the misconception is corrected rather than repeated.
What’s inside
- Questions covering the Volume 2 chapters of the ninth Canadian edition in the book’s own order.
- A mix of computational, classification and effects items in realistic exam proportions.
- A written rationale under every question, stating the effect on assets, liabilities and equity where relevant.
- Substantial coverage of the cash flow statement and the analysis chapters.
- One organized PDF, downloadable immediately after checkout.
Topics covered
- Partnerships — formation, sharing agreements, changes in ownership and dissolution.
- Corporate share capital — issuing shares, reacquisitions and the composition of shareholders’ equity.
- Dividends and retained earnings — cash dividends, stock dividends, splits and their differing effects.
- Long-term liabilities — bonds, present value fundamentals, amortization and instalment notes.
- Investments — classification, measurement, the equity method and the basis for consolidation.
- Income statement presentation — discontinued operations, comprehensive income and earnings per share.
- The cash flow statement — activity classification and preparation under the indirect and direct methods.
- Financial statement analysis — trend and common-size analysis and the main ratio families.
Who it’s for
Canadian college and university students taking the second half of introductory financial accounting from Volume 2 of the ninth Canadian edition, and students revising these chapters before an intermediate accounting or finance unit.
How to use it (the right way)
For each transaction question, write the effect on assets, liabilities and equity before you select an option; most of the marks in this volume depend on that habit. Work closed-book, and revisit missed items after a gap rather than immediately. This is a study aid, to be used in line with your institution’s academic-integrity policy — preparation and self-assessment, not a shortcut around the coursework and never something taken into a graded assessment.
Sample question (shows the format — your download contains the full set)
Q. A company reports profit of $450,000, preferred dividends of $30,000 and a weighted average of 210,000 common shares outstanding. Basic earnings per share is:
- A. $2.14
- B. $2.00
- C. $2.29
- D. $1.86
Answer: B. Preferred dividends are deducted first because earnings per share measures the return to common shareholders, giving $420,000 over 210,000 shares, or $2.00. A divides profit by shares without deducting the preferred dividends. C and D come from adding the dividends back or deducting them twice, both common slips when the deduction is applied at the wrong stage.
Edition & format
- Matches: Accounting, Volume 2, Ninth Canadian Edition, by Horngren (ISBN 9780133098723).
- Format: Digital PDF, delivered instantly after checkout.
- Access: Lifetime — re-download from your account at any time.
Volumes cover different chapters. Please confirm the volume, edition and ISBN above match your course outline before buying.
Frequently asked questions
Which volume and edition is this? Volume 2 of the ninth Canadian edition, ISBN 9780133098723, covering the corporate reporting and analysis chapters.
How is the download provided? Instantly at the end of checkout, from the confirmation page and from your account thereafter.
Do all questions include reasoning? Yes. Every item has a written rationale, and computational answers show the figures used.
Is using a test bank permitted? As a study aid it is like any other revision resource. Follow your institution’s academic-integrity policy and never take it into a graded assessment.
See more of this subject in Accounting Test Banks.
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