TO ooGET ooALL ooCHAPTERS ooEMAIL ooME ooAT>>>
o
o
Solution Manual For Financial Accounting,
oo oo oo oo
8th Canadian Edition by Libby, Hodge,
oo oo oo oo oo
Kanaan, Sterling Chapters 1 - 13,
oo oo oo oo oo
Complete
oo
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o 1
o
, o
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o ooGET ooALL ooCHAPTERS ooEMAIL ooME
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TABLE OF CONTENTS oo oo
CHAPTER ooONE
Financial ooStatements ooand ooBusiness ooDecisions
CHAPTER ooTWO
Investing ooand ooFinancing ooDecisions ooand oothe ooAccounting ooSystem
CHAPTER ooTHREE
Operating ooDecisions ooand oothe ooAccounting ooSystem
CHAPTER ooFOUR
Adjustments, ooFinancial ooStatements, ooand oothe ooClosing ooProcess
CHAPTER ooFIVE
Reporting ooand ooInterpreting ooSales ooRevenue, ooReceivables, ooand ooCash
CHAPTER ooSIX
Reporting ooand ooInterpreting ooCost ooof ooSales ooand ooInventory
CHAPTER ooSEVEN
Reporting ooand ooInterpreting ooLong-Lived ooAssets
CHAPTER ooEIGHT
Reporting ooand ooInterpreting ooCurrent ooLiabilities
CHAPTER ooNINE
Reporting ooand ooInterpreting ooNon-current ooLiabilities
CHAPTER ooTEN
Reporting ooand ooInterpreting ooShareholders' ooEquity
CHAPTER ooELEVEN
Statement ooof ooCash ooFlows
CHAPTER ooTWELVE
Communicating ooAccounting ooInformation ooand ooAnalyzing ooFinancial ooStatements
CHAPTER ooTHIRTEEN
Reporting ooand ooInterpreting ooInvestments ooin ooOther ooCorporations
1-
o 2
o
, o
o
CHAPTER ONE oo
Financial Statements and Business Decisions
oo oo oo oo
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ANSWERS TO QUESTIONS
oo oo
1. Accounting oois ooa oosystem oothat oocollects ooand ooprocesses oo(analyzes, oomeasures, ooand
o o records) oofinancial ooinformation ooabout ooan ooorganization ooand ooreports oothat ooinformation
ooto o o decision oomakers. oo
2. Financial ooaccounting ooinvolves oopreparation ooof oothe oofour oobasic oofinancial oostatements ooand
o o related oodisclosures oofor ooexternal oodecision oomakers. ooManagerial ooaccounting ooinvolves
o o the oopreparation ooof oodetailed ooplans, oobudgets, ooforecasts, ooand ooperformance ooreports oofor
o o internal oodecision oomakers. oo
3. Financial ooreports ooare ooused ooby ooboth oointernal ooand ooexternal oogroups ooand ooindividuals.
ooThe o o internal oogroups ooare oocomprised ooof oothe oovarious oomanagers ooof oothe ooentity. ooThe
ooexternal o o groups ooinclude oothe ooowners, ooinvestors, oocreditors, oogovernmental ooagencies,
ooother o o interested ooparties, ooand oothe oopublic ooat oolarge. oo
4. Investors oopurchase ooall ooor oopart ooof oo a oobusiness ooand oohope ooto oogain ooby ooreceiving oopart
ooof o o what oothe oocompany ooearns ooand/or ooselling oothe oocompany ooin oothe oofuture ooat ooa
oohigher ooprice o o than oothey oopaid. oo Creditors oolend oomoney ooto ooa oocompany oofor ooa
oospecific oolength ooof ootime ooand o o hope ooto oogain ooby oocharging oointerest ooon oothe ooloan. oo
5. In ooa oosociety ooeach ooorganization oocan oobe oodefined ooas ooa ooseparate ooaccounting ooentity. ooAn
o o accounting ooentity oois oothe ooorganization oofor oowhich oofinancial oodata ooare ooto oobe
oocollected. o o Typical ooaccounting ooentities ooare ooa oobusiness, ooa oochurch, ooa oogovernmental
oounit, ooa o o university ooand ooother oononprofit ooorganizations oosuch ooas ooa oohospital ooand ooa
oowelfare o o organization. ooA oobusiness ootypically oois oodefined ooand ootreated ooas ooa ooseparate
oo entity o o because oothe ooowners, oocreditors, ooinvestors, ooand ooother oointerested ooparties
1-
o 3
o
, o need ooto o o evaluate ooits ooperformance ooand ooits oopotential ooseparately oofrom ooother
oo
o
entities ooand oofrom ooits o o owners. oo
oo
1-
o 4
o
o
o
Solution Manual For Financial Accounting,
oo oo oo oo
8th Canadian Edition by Libby, Hodge,
oo oo oo oo oo
Kanaan, Sterling Chapters 1 - 13,
oo oo oo oo oo
Complete
oo
1-
o 1
o
, o
TO
o ooGET ooALL ooCHAPTERS ooEMAIL ooME
oo AT>>>
TABLE OF CONTENTS oo oo
CHAPTER ooONE
Financial ooStatements ooand ooBusiness ooDecisions
CHAPTER ooTWO
Investing ooand ooFinancing ooDecisions ooand oothe ooAccounting ooSystem
CHAPTER ooTHREE
Operating ooDecisions ooand oothe ooAccounting ooSystem
CHAPTER ooFOUR
Adjustments, ooFinancial ooStatements, ooand oothe ooClosing ooProcess
CHAPTER ooFIVE
Reporting ooand ooInterpreting ooSales ooRevenue, ooReceivables, ooand ooCash
CHAPTER ooSIX
Reporting ooand ooInterpreting ooCost ooof ooSales ooand ooInventory
CHAPTER ooSEVEN
Reporting ooand ooInterpreting ooLong-Lived ooAssets
CHAPTER ooEIGHT
Reporting ooand ooInterpreting ooCurrent ooLiabilities
CHAPTER ooNINE
Reporting ooand ooInterpreting ooNon-current ooLiabilities
CHAPTER ooTEN
Reporting ooand ooInterpreting ooShareholders' ooEquity
CHAPTER ooELEVEN
Statement ooof ooCash ooFlows
CHAPTER ooTWELVE
Communicating ooAccounting ooInformation ooand ooAnalyzing ooFinancial ooStatements
CHAPTER ooTHIRTEEN
Reporting ooand ooInterpreting ooInvestments ooin ooOther ooCorporations
1-
o 2
o
, o
o
CHAPTER ONE oo
Financial Statements and Business Decisions
oo oo oo oo
TO ooGET ooALL ooCHAPTERS ooEMAIL ooME
oo AT>>>
ANSWERS TO QUESTIONS
oo oo
1. Accounting oois ooa oosystem oothat oocollects ooand ooprocesses oo(analyzes, oomeasures, ooand
o o records) oofinancial ooinformation ooabout ooan ooorganization ooand ooreports oothat ooinformation
ooto o o decision oomakers. oo
2. Financial ooaccounting ooinvolves oopreparation ooof oothe oofour oobasic oofinancial oostatements ooand
o o related oodisclosures oofor ooexternal oodecision oomakers. ooManagerial ooaccounting ooinvolves
o o the oopreparation ooof oodetailed ooplans, oobudgets, ooforecasts, ooand ooperformance ooreports oofor
o o internal oodecision oomakers. oo
3. Financial ooreports ooare ooused ooby ooboth oointernal ooand ooexternal oogroups ooand ooindividuals.
ooThe o o internal oogroups ooare oocomprised ooof oothe oovarious oomanagers ooof oothe ooentity. ooThe
ooexternal o o groups ooinclude oothe ooowners, ooinvestors, oocreditors, oogovernmental ooagencies,
ooother o o interested ooparties, ooand oothe oopublic ooat oolarge. oo
4. Investors oopurchase ooall ooor oopart ooof oo a oobusiness ooand oohope ooto oogain ooby ooreceiving oopart
ooof o o what oothe oocompany ooearns ooand/or ooselling oothe oocompany ooin oothe oofuture ooat ooa
oohigher ooprice o o than oothey oopaid. oo Creditors oolend oomoney ooto ooa oocompany oofor ooa
oospecific oolength ooof ootime ooand o o hope ooto oogain ooby oocharging oointerest ooon oothe ooloan. oo
5. In ooa oosociety ooeach ooorganization oocan oobe oodefined ooas ooa ooseparate ooaccounting ooentity. ooAn
o o accounting ooentity oois oothe ooorganization oofor oowhich oofinancial oodata ooare ooto oobe
oocollected. o o Typical ooaccounting ooentities ooare ooa oobusiness, ooa oochurch, ooa oogovernmental
oounit, ooa o o university ooand ooother oononprofit ooorganizations oosuch ooas ooa oohospital ooand ooa
oowelfare o o organization. ooA oobusiness ootypically oois oodefined ooand ootreated ooas ooa ooseparate
oo entity o o because oothe ooowners, oocreditors, ooinvestors, ooand ooother oointerested ooparties
1-
o 3
o
, o need ooto o o evaluate ooits ooperformance ooand ooits oopotential ooseparately oofrom ooother
oo
o
entities ooand oofrom ooits o o owners. oo
oo
1-
o 4
o
