nciples
Weygandt, Solutions Manual For Accounting Principles 8th Canadian Edition
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
(Volume 1) Jerry Weygandt, Donald Kieso, Paul Kimmel, Barbara
Trenholm, Valerie Warren, Lori Novak
CHAPTER 1
Accounting in Action
Learning Objectives
1. Identify the use and users of accounting and the objective of
financial reporting.
2. Compare the different forms of business organization.
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
explain the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
Solutions Manual 1.1 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth 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
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
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 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
Solutions Manual 1.2 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth Canadian Edition
Legend: The following abbreviations will appear throughout the
solutions manual file.
LO Learning objective
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
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
Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
PS and DM Problem-Solving and Decision-Making
Comm. Communication
Self-Mgt. Self-Management
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
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth Canadian Edition
ASSIGNMENT CLASSIFICATION TABLE
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
users of accounting
and the objective of
financial reporting.
2. Compare the different 4 2 3, 2 2
forms of business
organization.
3. Explain the building 5, 6, 7, 8, 3, 4, 5, 6 4, 5, 9, 10 2, 5, 7, 2, 5, 7, 11
blocks of accounting: 9, 10, 11 11
ethics and the
concepts included in
the conceptual
framework.
4. Describe the 12, 13, 14. 7, 8, 9, 6, 7, 13 3, 4, 6, 7, 3, 4, 6, 7,
components of the 15, 16 10, 11, 15 8, 11 8, 11
financial statements
and explain the
accounting equation.
5. Analyze the effects of 17, 18 12, 13, 14 5, 8, 9, 5, 7, 8, 6, 7, 8, 9,
business transactions 10, 11, 11 10, 11
on the accounting 12, 13
equation.
6. Prepare financial 19, 20 14, 15, 16 9, 14, 15, 6, 7, 8, 9, 2, 5, 7, 11
statements. 17, 18 16, 17 10, 11
Solutions Manual 1.4 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
Weygandt, Solutions Manual For Accounting Principles 8th Canadian Edition
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
(Volume 1) Jerry Weygandt, Donald Kieso, Paul Kimmel, Barbara
Trenholm, Valerie Warren, Lori Novak
CHAPTER 1
Accounting in Action
Learning Objectives
1. Identify the use and users of accounting and the objective of
financial reporting.
2. Compare the different forms of business organization.
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
explain the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
Solutions Manual 1.1 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth 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
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
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 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
Solutions Manual 1.2 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth Canadian Edition
Legend: The following abbreviations will appear throughout the
solutions manual file.
LO Learning objective
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
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
Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
PS and DM Problem-Solving and Decision-Making
Comm. Communication
Self-Mgt. Self-Management
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
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
,nciples
Weygandt,
8thSolutions
Canadian
Donald Kieso,
Manual
Edition
Paul
For
(Volume
Kimmel,
Accounting
1)Barbara
Jerry
Principles
Weygandt,
Trenholm,
8th Canadian
Donald
ValerieKieso,
Warren,
Edition
Paul
(Volume
Lori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
1)Barbara
Jerry Weygandt,
Trenholm,Donald
ValerieKieso,
Warren,
PaulLori
Kimmel,
Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS
Barbara Trenholm, Valerie Warren, Lori N
Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Eighth Canadian Edition
ASSIGNMENT CLASSIFICATION TABLE
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
users of accounting
and the objective of
financial reporting.
2. Compare the different 4 2 3, 2 2
forms of business
organization.
3. Explain the building 5, 6, 7, 8, 3, 4, 5, 6 4, 5, 9, 10 2, 5, 7, 2, 5, 7, 11
blocks of accounting: 9, 10, 11 11
ethics and the
concepts included in
the conceptual
framework.
4. Describe the 12, 13, 14. 7, 8, 9, 6, 7, 13 3, 4, 6, 7, 3, 4, 6, 7,
components of the 15, 16 10, 11, 15 8, 11 8, 11
financial statements
and explain the
accounting equation.
5. Analyze the effects of 17, 18 12, 13, 14 5, 8, 9, 5, 7, 8, 6, 7, 8, 9,
business transactions 10, 11, 11 10, 11
on the accounting 12, 13
equation.
6. Prepare financial 19, 20 14, 15, 16 9, 14, 15, 6, 7, 8, 9, 2, 5, 7, 11
statements. 17, 18 16, 17 10, 11
Solutions Manual 1.4 Chapter 1
.
Barbara
Weygandt,
Trenholm,
Solutions
Donald Valerie
Kieso,
ManualPaul
Warren,
For Kimmel,
Accounting
Lori Novak.pdfSolutions
Barbara
Principles
Trenholm,
8th Canadian
Valerie
ManualWarren,
Edition
For Accounting
(Volume
Lori Novak.pdfY!G*EIH(*#Y!(*#Y#*!#!&**#*GESMSS*(@U(*UE@&*EH*HJE@&EH*@(o8
Principles
1) Jerry Weygandt,
8th Canadian
Donald
Edition
Kieso,
(Volume
Paul Kimmel,
1) Jerry Barbara
Weygandt,
Trenholm,
Donald Valerie
Kieso, Paul
Warren,
Kimmel,
Lori N
B
