Ask what a graduate should be able to read and the answer is usually a statement of cash flows — the statement that is hardest to dress up, and the one most students learn to build by rote without ever seeing what it shows. Intermediate Accounting, 19th Edition by Earl K. Stice and James D. Stice keeps pulling the technical chapters back toward that question of what the statements tell a reader, and its assessment mixes computation with interpretation more than most texts at this level.
Why this test bank helps
An interpretation question fails differently from a computation: you can produce the right number and still choose the wrong conclusion. The rationale under each item here connects the two, naming the entry, the statement line it moves and what a reader would infer — why a gain is removed from operating cash flow, why a particular classification flatters a ratio. Practising both halves at once is what this course actually rewards, and what makes the numbers stick.
What’s inside
- Questions arranged chapter by chapter across the nineteenth edition, in the book’s own order.
- Multiple choice, true/false and short computational items in a typical paper’s proportions.
- A written rationale under every question, linking the computation to what it signals.
- Extra weight on the cash flow and analysis chapters this text emphasizes.
- One organized PDF, downloadable the moment checkout completes.
Topics covered
- Reporting and the framework — the objectives of financial reporting, the elements and the qualities of useful information.
- Cash flow statements — the indirect and direct methods, classification of each activity and non-cash disclosures.
- Receivables and revenue — recognition, estimating uncollectible amounts, and the sale or pledging of receivables.
- Inventory — cost formulas, the retail method, and the effect of an inventory error across two periods.
- Operating assets — acquisition cost, depreciation methods, impairment, exchanges and intangibles.
- Debt and equity financing — bond issuance and amortization, leases, share transactions and dividends.
- Investments and income taxes — classification of securities, the equity method and deferred tax computation.
- Analysis — computing the ratios, judging earnings quality, and what a movement in a measure actually indicates.
Who it’s for
Intermediate accounting students working from the nineteenth edition, on programs that assess interpretation and analysis alongside the technical computations.
How to use it (the right way)
Attempt a block closed-book, then for every computational item add one sentence saying what the number tells a statement reader before you check the answer. Items where you can produce the figure but not the sentence are the ones to revisit first. This is a study aid, to be used in line with your institution’s academic-integrity policy — for preparation and self-testing, not a substitute for the coursework.
Sample question (shows the format — your download contains the full set)
Q. Net income is $180,000. Depreciation expense is $25,000, accounts receivable rose $14,000, inventory fell $6,000, accounts payable fell $9,000, and equipment was sold at a $4,000 gain. What is cash provided by operating activities?
- A. $184,000
- B. $192,000
- C. $188,000
- D. $172,000
Answer: A. Add back the $25,000 of depreciation, deduct the $4,000 gain because the whole proceeds of the disposal belong in investing, then adjust working capital: a $14,000 rise in receivables is revenue not yet collected, a $6,000 fall in inventory is cost recognized without new cash leaving, and a $9,000 fall in payables means cash paid exceeded expense. That gives $184,000. B adds the gain instead of removing it and counts the same cash twice, C leaves the gain in altogether, and D treats the inventory decrease as a use of cash rather than a source.
Edition & format
- Matches: Intermediate Accounting, 19th Edition, by Earl K. Stice and James D. Stice (ISBN 9781133957911).
- Format: Digital PDF, delivered instantly after checkout.
- Access: Lifetime — re-download from your account whenever you need it.
Chapter order and problem data change between editions. Please confirm the edition and ISBN above match the book your course assigned before you buy.
Frequently asked questions
Which edition does this cover? The nineteenth edition, ISBN 9781133957911. Other editions renumber the chapters, so their question sets are listed separately.
How is it delivered? By instant download at the end of checkout, with the file also kept in your account for repeat access.
Does every question have a rationale? Yes, and where a question is about interpretation the explanation says what the figure signals, not only how it was produced.
Is it acceptable to study from this? As preparation, yes — it is a practice resource like any other. Use it in line with your institution’s academic-integrity policy and never inside a graded assessment.
See more study material for this subject in Accounting Test Banks.
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