Solutions Manual for Accounting
Principles Volume 1 & Volume 2, 9th
Canadian Edition
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Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
CHAPTER 1
Accounting in Action
Learning Objectives
N us
1. Identify the use and users of accounting and the objective of
financial reporting.
2. Compare the different forms of business organization.
U
3. Explain the building blocks of accounting: ethics and the
concepts included in the conceptual framework.
Tr
R ted
4. Describe the components of the financial statements and
explain the accounting equation.
5. Analyze the effects of business transactions on the
SE s
accounting equation.
6. Prepare financial statements.
D ch
O o
C la
S
Solutions Manual 1.1 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
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
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
4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
N us
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
U
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
Tr
R ted
Exercises
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
SE s
3. 2 C 7. 4 AP 11. 5 C 15. 6 AP
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
D ch
3. 4 AP 6. 4,6 AP 9. 6 AP
O o
C la
S
Solutions Manual 1.2 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
Legend: The following abbreviations will appear throughout the
solutions manual file.
LO Learning objective
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
N us
AP Application
AN Analysis
S Synthesis
U
E Evaluation
Difficulty: Level of difficulty
Tr
S Simple
R ted
M Moderate
C Complex
SE s
Time: Estimated time to complete in minutes
AACSB Association to Advance Collegiate Schools of Business
Communication Communication
Ethics Ethics
Analytic Analytic
D ch
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
O o
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
PS and DM Problem-Solving and Decision-Making
C la
Comm. Communication
Self-Mgt. Self-Management
S
Team & Lead Teamwork and Leadership
Reporting Financial Reporting
Stat. & Gov. Strategy and Governance
Mgt. Accounting Management Accounting
Audit Audit and Assurance
Finance Finance
Tax Taxation
Solutions Manual 1.3 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
Principles Volume 1 & Volume 2, 9th
Canadian Edition
Tr
us
te
ds
ch
ol
ar
Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
CHAPTER 1
Accounting in Action
Learning Objectives
N us
1. Identify the use and users of accounting and the objective of
financial reporting.
2. Compare the different forms of business organization.
U
3. Explain the building blocks of accounting: ethics and the
concepts included in the conceptual framework.
Tr
R ted
4. Describe the components of the financial statements and
explain the accounting equation.
5. Analyze the effects of business transactions on the
SE s
accounting equation.
6. Prepare financial statements.
D ch
O o
C la
S
Solutions Manual 1.1 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
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
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
4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
N us
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
U
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
Tr
R ted
Exercises
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
SE s
3. 2 C 7. 4 AP 11. 5 C 15. 6 AP
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
D ch
3. 4 AP 6. 4,6 AP 9. 6 AP
O o
C la
S
Solutions Manual 1.2 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
Legend: The following abbreviations will appear throughout the
solutions manual file.
LO Learning objective
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
N us
AP Application
AN Analysis
S Synthesis
U
E Evaluation
Difficulty: Level of difficulty
Tr
S Simple
R ted
M Moderate
C Complex
SE s
Time: Estimated time to complete in minutes
AACSB Association to Advance Collegiate Schools of Business
Communication Communication
Ethics Ethics
Analytic Analytic
D ch
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
O o
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
PS and DM Problem-Solving and Decision-Making
C la
Comm. Communication
Self-Mgt. Self-Management
S
Team & Lead Teamwork and Leadership
Reporting Financial Reporting
Stat. & Gov. Strategy and Governance
Mgt. Accounting Management Accounting
Audit Audit and Assurance
Finance Finance
Tax Taxation
Solutions Manual 1.3 Chapter 1
r
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
Trustedscholar
