SOLUTION MANUAL For Financial Accounting Fundamentals, 8th Edition By John Wild, Verified Chapters 1 - 13, Complete Newest Version

SOLUTION MANUAL ty t y




FinancialAccountingFundamentals,8thEdition By
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John Wild, Chapter 1 - 13with appendix B&C
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,Chapter 1: Accounting in Business
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Chapter 2: Accounting for Business Transactions Chapter
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3: Adjusting Accounts for Financial Statements Chapter 4:
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Accounting for Merchandising Operations Chapter 5: Inv
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entories and Cost of Sales ty ty ty ty




Chapter 6: Cash, Fraud, and Internal Control Cha
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pter 7: Accounting for Receivables Chapter 8: A
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ccounting for Long- ty ty




Term Assets Chapter 9: Accounting for Current L
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iabilities

Chapter 10: Accounting for Long-
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Term Liabilities Chapter 11: Corporate Reporting and
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Analysis Chapter 12: Reporting Cash Flows
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Chapter 13: Analysis of Financial Statements
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,Chapter1 ty




Accounting in Business ty ty




QUICK STUDIES
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Quick Study 1-1 (10 minutes)
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1. f Artificial Intelligence t y




2. c Recording
3. h Recordkeeping (bookkeeping) t y




Quick Study 1-2 (10 minutes)
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a. External user t y g. External user
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b. External user t y h. External user
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c. External user t y i. Internal user
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d. External user t y j. External user
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e. Internal user t y k. External user
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f. External user t y l. External user
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Quick Study 1-
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3 (10 minutes)
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4. Opportunity
1. Opportunity 5. Pressure
2. Pressure 6. Rationalization
3. Rationalization


Quick Study 1-4 (5 minutes)
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, 1. Principle 3. Assumption
2. Assumption 4. Principle
Quick Study 1-
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5 (10 minutes)
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AttributeuPresent Proprietorship Partnership Corporation LLC
1. Business taxed t y no no yes no
2. Limited liability t y no no yes yes
3. Legal entity t y no no yes yes



Quick Study 1-6 (10 minutes)
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1. Revenue recognition principle
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2. Measurement (cost) principle t y t y




3. Business entity assumption
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Quick Study 1-7 (5 minutes)
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Assets = Liabilities + Equity
$700,000 (a) $280,000 $420,000
$500,000 (b) $250,000 (b) $250,000



Quick Study 1-8 (10 minutes)
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1.
Assets = Liabilities + Equity
$75,000 (a) $35,000 $40,000
(b) $95,000 $25,000 $70,000
$85,000 $20,000 (c) $65,000

2.
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Assets = Liabilities tock - t y u t y Dividends + uRevenues
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$40,000 $16,000 $20,000 $ 0 (a) $12,000
t y $ 8,000
$80,000 $32,000 $44,000 (b) $2,000t y $24,000 $18,000