Solution Manual for Accounting Principles Volume 1 &
ty ty ty ty ty ty ty ty
Volume 2, 9th Canadian Edition Jerry J. Weygandt,
ty t y ty ty ty ty ty ty ty
Verified Chapters 1 – 20
ty t y ty ty ty
,TABLE OF CONTENTS ty ty
Volume 1 ty
1. Accounting in Action
ty ty ty ty
ty 2. The Recording
ty ty
ty Process 3. Adjusting the ty ty ty ty
ty Accounts
4.Completion of the Accounting Cycle ty ty ty ty
5.Accounting for Merchandising Operations ty ty ty ty
ty 6. Inventory Costing
ty ty
7. Internal Control and Cash
ty ty ty ty ty
ty 8. Accounting for
ty ty
ty Receivables 9. Long-Lived ty ty ty
Assets
ty
10. Current Liabilities and Payroll
ty ty ty ty
ty ty Volume 2 ty
9.Long-Lived Assets ty
10.Current Liabilities and Payroll ty ty ty ty
ty 11. Financial Reporting Concepts
ty ty ty
ty ty 12. Accounting for Partnerships
ty ty ty ty
ty 13. Introduction to Corporations
ty ty ty
14. Corporations: Additional Topics and IFRS
ty ty ty ty ty ty
ty 15. Non-Current Liabilities
ty ty
16.Investments
17.The Cash Flow Statement ty ty ty
18.Financial Statement Analysis ty ty
, CHAPTER 1 ty
Accounting in Action ty ty
Learning Objectives
ty
1. Identify the use and users of accounting and the objective of
ty ty ty ty ty ty ty ty ty ty
financial reporting.
t y ty
2. Compare the different forms of business organization.
ty ty ty ty ty ty
3. Explain the building blocks of accounting: ethics and the
ty ty ty ty ty ty ty ty
concepts included in the conceptual framework.
t y ty ty ty ty ty
4. Describe the components of the financial statements and
ty ty ty ty ty ty ty
explain the accounting equation.
t y ty ty ty
5. Analyze the effects of business transactions on the
ty ty ty ty ty ty ty
accounting equation.
ty ty
6. Prepare financial statements.
ty ty
, Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
ty ty ty ty ty ty ty ty
Item LO BT Item LO
ty BT Item LO BT Item LO BT
ty t y ty Item LO BT
ty
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
Brief Exercises
ty
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
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
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
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
t y ty t y 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
ty ty
3. 4 AP 6. 4,6 AP 9. 6 AP
ty ty ty ty ty ty ty ty
Volume 2, 9th Canadian Edition Jerry J. Weygandt,
ty t y ty ty ty ty ty ty ty
Verified Chapters 1 – 20
ty t y ty ty ty
,TABLE OF CONTENTS ty ty
Volume 1 ty
1. Accounting in Action
ty ty ty ty
ty 2. The Recording
ty ty
ty Process 3. Adjusting the ty ty ty ty
ty Accounts
4.Completion of the Accounting Cycle ty ty ty ty
5.Accounting for Merchandising Operations ty ty ty ty
ty 6. Inventory Costing
ty ty
7. Internal Control and Cash
ty ty ty ty ty
ty 8. Accounting for
ty ty
ty Receivables 9. Long-Lived ty ty ty
Assets
ty
10. Current Liabilities and Payroll
ty ty ty ty
ty ty Volume 2 ty
9.Long-Lived Assets ty
10.Current Liabilities and Payroll ty ty ty ty
ty 11. Financial Reporting Concepts
ty ty ty
ty ty 12. Accounting for Partnerships
ty ty ty ty
ty 13. Introduction to Corporations
ty ty ty
14. Corporations: Additional Topics and IFRS
ty ty ty ty ty ty
ty 15. Non-Current Liabilities
ty ty
16.Investments
17.The Cash Flow Statement ty ty ty
18.Financial Statement Analysis ty ty
, CHAPTER 1 ty
Accounting in Action ty ty
Learning Objectives
ty
1. Identify the use and users of accounting and the objective of
ty ty ty ty ty ty ty ty ty ty
financial reporting.
t y ty
2. Compare the different forms of business organization.
ty ty ty ty ty ty
3. Explain the building blocks of accounting: ethics and the
ty ty ty ty ty ty ty ty
concepts included in the conceptual framework.
t y ty ty ty ty ty
4. Describe the components of the financial statements and
ty ty ty ty ty ty ty
explain the accounting equation.
t y ty ty ty
5. Analyze the effects of business transactions on the
ty ty ty ty ty ty ty
accounting equation.
ty ty
6. Prepare financial statements.
ty ty
, Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
ty ty ty ty ty ty ty ty
Item LO BT Item LO
ty BT Item LO BT Item LO BT
ty t y ty Item LO BT
ty
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
Brief Exercises
ty
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
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
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
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
t y ty t y 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
ty ty
3. 4 AP 6. 4,6 AP 9. 6 AP