Solutions Manual - Accounting Principles, Volume 1, 10th Canadian Edition – Weygandt, Kimmel, Mitchell, Warren, Novak

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Accounting Principles,
Volume 1, 10th Canadian
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Edition
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SOLUTIONS
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MANUAL
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Jerry J. Weygandt Paul D. Kimmel Jill E. Mitchell Donald E. Kieso Barbara Trenholm
Wayne V. Warren Lori Novak
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Comprehensive Solutions Manual for
Instructors and Students
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9781394277735
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© Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell, et al. All rights reserved.
Reproduction or distribution without permission is prohibited.

, SOLUTION MANUAL FOR
ACCOUNTING PRINCIPLES, VOLUME 1, 10TH CANADIAN EDITION JERRY
J. WEYGANDT, PAUL D. KIMMEL, JILL E. MITCHELL, VALERIE WARREN,
LORI NOVAK
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CHAPTER 1-10
CHAPTER 1
Accounting in Action
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Learning Objectives
1. Identify the use and users of accounting and the objective of
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financial reporting.
2. Compare the different forms of business organization.
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3. Explain the building blocks of accounting: ethics and the
concepts included in the conceptual framework.
4. Describe the components of the financial statements and
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explain the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
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, Summary of Questions by Learning Objectives and Bloom‘s Taxonomy

Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
Questions
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1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
3. 1 C 7. 3 K 11. 3 C 15. 4 C 19. 6 K
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4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
Brief Exercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 C 6. 3 C 10. 4 AP 14. 4,5 AP 18. 6 AP
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3. 3 AN 7. 4 C 11. 4 K 15. 4,6 AP
4. 3 C 8. 4 AP 12. 5 AP 16. 6 AP
Exercises
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1. 1 C 5. 1,3,5 K 9. 3,5,6 C 13. 4,5 AP 17. 6 AP
2. 1 C 6. 4 AP 10. 5 C 14. 6 AP
3. 2 C 7. 4 AP 11. 5 C 15. 6 AP
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4. 3 C 8. 5 C 12. 4,5 AP 16. 6 AP
Problems
1. 1 S 4. 4 AP 7. 3,4,5,6 AP 10. 6 AN
2. 2,3 AP 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
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3. 4 AP 6. 4,6 AP 9. 6 AP

Legend: The following abbreviations will appear throughout the
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solutions manual file.

LO Learning objective
Bloom's
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BT Taxonomy
K Knowledge
C Comprehension
AP Application
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AN Analysis
S Synthesis
E Evaluation
Difficulty: Level of difficulty
S Simple

, M Moderate
C Complex
Time: Estimated time to complete in minutes
AACSB Association to Advance Collegiate Schools of Business
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Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
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Diversity Diversity
Reflec. Thinking Reflective Thinking
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
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PS and DM Problem-Solving and Decision-Making
Comm. Communication
Self-Mgt. Self-Management
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Team & Lead Teamwork and Leadership
Reporting Financial Reporting
Stat. & Gov. Strategy and Governance
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Mgt. Accounting Management Accounting
Audit Audit and Assurance
Finance Finance
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Tax Taxation


ASSIGNMENT CLASSIFICATION TABLE
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Brief Problems Problems
Learning Objectives Questions Exercises Exercises Set A Set B

1. Identify the use and 1, 2, 3 1 1, 2, 5 1 1
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users of accounting
and the objective of
financial reporting.

2. Compare the different 4 2 3, 2 2
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forms of business
organization.