Solutions Manual For
Accounting Principles 12th Edition by Weygandt Kimmel Kieso
Chapter 1-6statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences
of ls for applying theory
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief A
Learning Objectives Questions Exercises Do It! Exercises Problems
1. Identify the activities and 1, 2, 3, 4, 5 1 1, 2
users associated with
accounting.
2. Explain the building blocks of 6, 7, 8, 9, 10 2 3, 4
accounting: ethics, principles,
and assumptions.
3. State the accounting 11, 12, 13, 22 1, 2, 3, 4, 5, 8 3, 5 5 1A, 2A 4A
equation, and define its
components.
4. Analyze the effects of 14, 15, 16, 18 6, 7, 9 4 6, 7, 8 1A, 2A, 4A,
business transactions on the 5A
accounting equation.
5. Describe the four financial 17, 19, 20, 21 10, 11 5 9, 10, 11, 12, 2A, 3A, 4A,
statements and how they are 13, 14, 15, 16 5A
prepared.
ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time Allotted
Number Description Level (min.)
1A Analyze transactions and compute net income. Moderate 40–50
2A Analyze transactions and prepare income statement, Moderate 50–60
owner’s equity statement, and balance sheet.
3A Prepare income statement, owner’s equity statement, and Moderate 50–60
balance sheet.
4A Analyze transactions and prepare financial statements. Moderate 40–50
1-1
,statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 1
ACCOUNTING IN ACTION
Number LO BT Difficulty Time (min.)
BE1 3 AP Simple 2–4
BE2 3 AP Simple 3–5
BE3 3 AP Moderate 4–6
BE4 3 AP Moderate 4–6
BE5 3 C Simple 2–4
BE6 4 C Simple 2–4
BE7 4 C Simple 2–4
BE8 3 C Simple 2–4
BE9 4 C Simple 1–2
BE10 5 AP Simple 3–5
BE11 5 C Simple 2–4
DI1 1 K Simple 2–4
DI2 2 K Simple 2–4
DI3 3 AP Simple 6–8
DI4 4 AP Moderate 8–10
DI5 3, 5 AP Moderate 10–12
EX1 1 C Moderate 5–7
EX2 1 C Simple 6–8
EX3 2 C Moderate 6–8
EX4 2 C Moderate 6–8
EX5 3 C Simple 4–6
EX6 4 C Simple 6–8
EX7 4 C Simple 4–6
EX8 4 AP Moderate 12–15
EX9 5 AP Simple 12–15
EX10 5 AP Moderate 8–10
EX11 5 AP Moderate 6–8
EX12 5 AP Simple 8–10
1-2
, EX13 5 AN Simple 8–10
statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
ACCOUNTING IN ACTION (Continued)
Number LO BT Difficulty Time (min.)
P1A 3, 4 AP Moderate 40–50
P2A 3–5 AP Moderate 50–60
P3A 5 AP Moderate 50–60
P4A 3–5 AP Moderate 40–50
P5A 4, 5 AP Moderate 40–50
BYP1 5 AN Simple 10–15
BYP2 5 AN, E Simple 10–15
BYP3 5 AN, E Simple 10–15
BYP4 6 C, AN Simple 15–20
BYP5 4 E Moderate 15–20
BYP6 5 E Simple 12–15
BYP7 2 E Simple 10–12
BYP8 2 E Moderate 15–20
BYP9 – AP Moderate 15–20
BYP10 – C Simple 10–15
1-3
, Learning Objective Knowledge Comprehension Application Analysis Synthesis Evaluation
1. Identify the activities and users DI1-1 Q1-1 Q1-5
associated with accounting. Q1-2 E1-1
Q1-3 E1-2
Q1-4
3. Explain the building blocks of Q1-7 Q1-6
accounting: ethics, principles, Q1-8 E1-3
and assumptions. Q1-9 E1-4
Q1-10
DI1-1
3. State the accounting equation, DI1-2 Q1-11 BE1-9 BE1-1 P1-1A
and define its components. BE1-5 Q1-12 E1-5 BE1-2 P1-2A
Q1-13 BE1-3 P1-4A
BE1-4 DI1-5
BE1-8
4. Analyze the effects of business Q1-14 BE1-6 DI1-4 P1-4A
transactions on the accounting Q1-15 BE1-7 E1-8 P1-5A
equation. Q1-16 E1-6 P1-1A
Q1-18 E1-7 P1-2A
5. Describe the four financial Q1-17 Q1-20 E1-14 E1-13
statements and how they are Q1-19 Q1-21 E1-15
prepared. BE1-11 BE1-10 E1-16
DI1-5 E1-17
E1-8 P1-2A
E1-9 P1-3A
E1-10 P1-4A
E1-11 P1-5A
E1-12
Broadening Your Perspective Real–World Focus FASB Codification Financial Reporting All About You
Considering Comparative Analysis Comparative Analysis
People, Planet, Decision–Making Across
and Profit the Organization
Communication Activity
Ethics Case
statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
1-5
Accounting Principles 12th Edition by Weygandt Kimmel Kieso
Chapter 1-6statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences
of ls for applying theory
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief A
Learning Objectives Questions Exercises Do It! Exercises Problems
1. Identify the activities and 1, 2, 3, 4, 5 1 1, 2
users associated with
accounting.
2. Explain the building blocks of 6, 7, 8, 9, 10 2 3, 4
accounting: ethics, principles,
and assumptions.
3. State the accounting 11, 12, 13, 22 1, 2, 3, 4, 5, 8 3, 5 5 1A, 2A 4A
equation, and define its
components.
4. Analyze the effects of 14, 15, 16, 18 6, 7, 9 4 6, 7, 8 1A, 2A, 4A,
business transactions on the 5A
accounting equation.
5. Describe the four financial 17, 19, 20, 21 10, 11 5 9, 10, 11, 12, 2A, 3A, 4A,
statements and how they are 13, 14, 15, 16 5A
prepared.
ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time Allotted
Number Description Level (min.)
1A Analyze transactions and compute net income. Moderate 40–50
2A Analyze transactions and prepare income statement, Moderate 50–60
owner’s equity statement, and balance sheet.
3A Prepare income statement, owner’s equity statement, and Moderate 50–60
balance sheet.
4A Analyze transactions and prepare financial statements. Moderate 40–50
1-1
,statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 1
ACCOUNTING IN ACTION
Number LO BT Difficulty Time (min.)
BE1 3 AP Simple 2–4
BE2 3 AP Simple 3–5
BE3 3 AP Moderate 4–6
BE4 3 AP Moderate 4–6
BE5 3 C Simple 2–4
BE6 4 C Simple 2–4
BE7 4 C Simple 2–4
BE8 3 C Simple 2–4
BE9 4 C Simple 1–2
BE10 5 AP Simple 3–5
BE11 5 C Simple 2–4
DI1 1 K Simple 2–4
DI2 2 K Simple 2–4
DI3 3 AP Simple 6–8
DI4 4 AP Moderate 8–10
DI5 3, 5 AP Moderate 10–12
EX1 1 C Moderate 5–7
EX2 1 C Simple 6–8
EX3 2 C Moderate 6–8
EX4 2 C Moderate 6–8
EX5 3 C Simple 4–6
EX6 4 C Simple 6–8
EX7 4 C Simple 4–6
EX8 4 AP Moderate 12–15
EX9 5 AP Simple 12–15
EX10 5 AP Moderate 8–10
EX11 5 AP Moderate 6–8
EX12 5 AP Simple 8–10
1-2
, EX13 5 AN Simple 8–10
statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
ACCOUNTING IN ACTION (Continued)
Number LO BT Difficulty Time (min.)
P1A 3, 4 AP Moderate 40–50
P2A 3–5 AP Moderate 50–60
P3A 5 AP Moderate 50–60
P4A 3–5 AP Moderate 40–50
P5A 4, 5 AP Moderate 40–50
BYP1 5 AN Simple 10–15
BYP2 5 AN, E Simple 10–15
BYP3 5 AN, E Simple 10–15
BYP4 6 C, AN Simple 15–20
BYP5 4 E Moderate 15–20
BYP6 5 E Simple 12–15
BYP7 2 E Simple 10–12
BYP8 2 E Moderate 15–20
BYP9 – AP Moderate 15–20
BYP10 – C Simple 10–15
1-3
, Learning Objective Knowledge Comprehension Application Analysis Synthesis Evaluation
1. Identify the activities and users DI1-1 Q1-1 Q1-5
associated with accounting. Q1-2 E1-1
Q1-3 E1-2
Q1-4
3. Explain the building blocks of Q1-7 Q1-6
accounting: ethics, principles, Q1-8 E1-3
and assumptions. Q1-9 E1-4
Q1-10
DI1-1
3. State the accounting equation, DI1-2 Q1-11 BE1-9 BE1-1 P1-1A
and define its components. BE1-5 Q1-12 E1-5 BE1-2 P1-2A
Q1-13 BE1-3 P1-4A
BE1-4 DI1-5
BE1-8
4. Analyze the effects of business Q1-14 BE1-6 DI1-4 P1-4A
transactions on the accounting Q1-15 BE1-7 E1-8 P1-5A
equation. Q1-16 E1-6 P1-1A
Q1-18 E1-7 P1-2A
5. Describe the four financial Q1-17 Q1-20 E1-14 E1-13
statements and how they are Q1-19 Q1-21 E1-15
prepared. BE1-11 BE1-10 E1-16
DI1-5 E1-17
E1-8 P1-2A
E1-9 P1-3A
E1-10 P1-4A
E1-11 P1-5A
E1-12
Broadening Your Perspective Real–World Focus FASB Codification Financial Reporting All About You
Considering Comparative Analysis Comparative Analysis
People, Planet, Decision–Making Across
and Profit the Organization
Communication Activity
Ethics Case
statutory law.Critical Thinking: Law students must think critically about the ethical implications of legal decisions and analyze the potential consequences of ls for applying theory
1-5
