Solutions Manual For Accounting Principles 7th Canadian Edition, 7eWe
j j j j j j j j j
ygandt Donald KiesoKimmel Trenholm Warren Novak
j j j j j
CHAPTER 1 j
Accounting in Action j j
ASSIGNMENT CLASSIFICATION TABLE
j j
BriefjE Problemsj Problemsj
LearningjObjectives Questions xercises Exercises SetjA SetjB
1.jIdentifyjthejusejandju 1,j2,j3 1 1,j2,j5 1 1
sersjofjaccountingja
ndjthejobjectivejofjfin
ancialjreporting.
2.jComparejdifferentjf 4 2 3, 2 2
ormsjofjbusinessjo
rganization.
3.jExplainjthejbuilding 5,j6,j7,j8, 3,j4,j5,j6 4,j5,j9,j10 2,j5,j7, 2,j5,j7,j11
blocksjofjaccounting: 9,j10,j11 11
ethicsjandjthe
conceptsjincludedjin
thejconceptual
framework.
4.jDescribejthe 12,j13,j14. 7,j8,j9, 6,j7,j13 3,j4,j6,j7, 3,j4,j6,j7,
componentsjofjthe 15,j16 10,j11,j15 8,j11 8,j11
financialjstatements
andjexplainjthe
accountingjequation.
5.jAnalyzejthejeffectsjof 17,j18 12,j13,j14 5,j8,j9, 5,j7,j8, 6,j7,j8,j9,
businessjtransactions 10,j11, 11 10,j11
onjthejaccounting 12,j13
equation.
6.jPreparejfinancial 19,j20 14,j15,j16 9,j14,j15, 6,j7,j8,j9, 2,j5,j7,j11
statements. 17,j18 16,j17 10,j11
SolutionsjManual 1-1 Chapterj1
.
,Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
ASSIGNMENT CHARACTERISTICS TABLE
j j
Problemj Difficultyj Time
Number Description Level Allottedj(min.)
1A Identifyjusersjandjusejofjaccountingjinformation. Simple 15-20
2A Determinejformsjofjbusinessjorganizationjandjty Simple 15-20
pesjofjaccountingjstandards.
3A Determinejmissingjitems. Moderate 20-25
4A Classifyjaccountsjandjpreparejaccountingje Simple 20-30
quation.
5A Assessjaccountingjtreatment. Moderate 20-25
6A Analyzejtransactionsjandjcalculatejowner’sjequity. Simple 35-45
7A Analyzejtransactionsjandjpreparejbalancejsheet. Simple 40-50
8A Analyzejtransactionsjandjpreparejfinancialjs Moderate 40-50
tatements.
9A Preparejfinancialjstatements. Simple 35-45
10A Determinejmissingjamounts,jandjcomment. Moderate 35-45
11A Discussjerrorsjandjpreparejcorrectedjbalancejs Moderate 45-55
heet.
1B Identifyjusersjandjusejofjaccountingjinformation. Simple 15-20
2B Determinejformsjofjbusinessjorganizationjandjty Simple 15-20
pesjofjaccountingjstandards.
3B Determinejmissingjitems. Moderate 20-25
4B Classifyjaccountsjandjpreparejaccountingje Simple 20-30
quation.
5B Assessjaccountingjtreatment. Moderate 20-25
6B Analyzejtransactionsjandjcalculatejowner’sjequity. Simple 35-45
7B Analyzejtransactionsjandjpreparejbalancejsheet. Simple 40-50
8B Analyzejtransactionsjandjpreparejfinancialjs Moderate 40-50
tatements.
9B Preparejfinancialjstatements. Simple 35-45
10B Determinejmissingjamounts,jandjcomment. Moderate 35-45
11B Discussjerrorsjandjpreparejcorrectedjbalancejs Moderate 45-55
heet.
SolutionsjManual 1-2 Chapterj1
.
,Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
BLOOM’S TAXONOMY TABLE
j j
Correlationj ChartjbetweenjBloom’sjTaxonomy,j LearningjObjectivesjandjEnd-of-
jChapterjMaterial
Evaluatj
LearningjObjective Knowledge Comprehension Application Analysis Synthesis ion
1.jIdentifyjthejusejandju Q1- Q1- P1-
sersjofjaccountingja 3jBE1 1jQ1- 1AjP1-
ndjthejobjectivejofjfin -1jE1- 2jE1- 1B
ancialjreporting. 5 1jE1-
2
2.jComparejdifferentjf Q1- P1-
ormsjofjbusinessjo 4jBE1- 2AjP1-
rganizationj. 2jBE1- 2BjP1-
4jBE1- 11B
10jE1-
3jE1-7
3.jExplainjthejbuildingjblo Q1- Q1- P1- BE1-3
cksjofjaccounting:jethi 6jQ1- 5jQ1- 2AjP1-
csjandjthejconceptsjin 7jE1- 8jQ1- 2BjP1-
cludedjinjthejconcept 5 9jQ1- 3AjP1-
ualjframework. 10jQ1- 3BjP1-
11 7A
BE1- P1-
4jBE1- 7BjP1-
5 11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.j Describejthe Q1-12 BE1-7 BE1-8
componentsjofjthe Q1-13 BE1-9
financialjstatements Q1-14 BE1-10
andjexplainjthe Q1-16 BE1-14
accountingjequation. BE1-11 BE1-
15jE1-6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
SolutionsjManual 1-3 Chapterj1
.
, Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
BLOOM’S TAXONOMY TABLE (Continued)
j j j
Evaluatj
LearningjObjective Knowledge Comprehension Application Analysis Synthesis ion
5.j Analyzejthejeffects Q1-19 Q1-17 Q1-18
ofjbusiness E1-5 Q1-20 BE1-12
transactionsjonjthe E1-8 BE1-13
accountingjequation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.j Preparejfinancial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
BroadeningjYour BYP1-1 SantéjSaga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-j6 BYP1-5
SolutionsjManual 1-4 Chapterj1
.
j j j j j j j j j
ygandt Donald KiesoKimmel Trenholm Warren Novak
j j j j j
CHAPTER 1 j
Accounting in Action j j
ASSIGNMENT CLASSIFICATION TABLE
j j
BriefjE Problemsj Problemsj
LearningjObjectives Questions xercises Exercises SetjA SetjB
1.jIdentifyjthejusejandju 1,j2,j3 1 1,j2,j5 1 1
sersjofjaccountingja
ndjthejobjectivejofjfin
ancialjreporting.
2.jComparejdifferentjf 4 2 3, 2 2
ormsjofjbusinessjo
rganization.
3.jExplainjthejbuilding 5,j6,j7,j8, 3,j4,j5,j6 4,j5,j9,j10 2,j5,j7, 2,j5,j7,j11
blocksjofjaccounting: 9,j10,j11 11
ethicsjandjthe
conceptsjincludedjin
thejconceptual
framework.
4.jDescribejthe 12,j13,j14. 7,j8,j9, 6,j7,j13 3,j4,j6,j7, 3,j4,j6,j7,
componentsjofjthe 15,j16 10,j11,j15 8,j11 8,j11
financialjstatements
andjexplainjthe
accountingjequation.
5.jAnalyzejthejeffectsjof 17,j18 12,j13,j14 5,j8,j9, 5,j7,j8, 6,j7,j8,j9,
businessjtransactions 10,j11, 11 10,j11
onjthejaccounting 12,j13
equation.
6.jPreparejfinancial 19,j20 14,j15,j16 9,j14,j15, 6,j7,j8,j9, 2,j5,j7,j11
statements. 17,j18 16,j17 10,j11
SolutionsjManual 1-1 Chapterj1
.
,Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
ASSIGNMENT CHARACTERISTICS TABLE
j j
Problemj Difficultyj Time
Number Description Level Allottedj(min.)
1A Identifyjusersjandjusejofjaccountingjinformation. Simple 15-20
2A Determinejformsjofjbusinessjorganizationjandjty Simple 15-20
pesjofjaccountingjstandards.
3A Determinejmissingjitems. Moderate 20-25
4A Classifyjaccountsjandjpreparejaccountingje Simple 20-30
quation.
5A Assessjaccountingjtreatment. Moderate 20-25
6A Analyzejtransactionsjandjcalculatejowner’sjequity. Simple 35-45
7A Analyzejtransactionsjandjpreparejbalancejsheet. Simple 40-50
8A Analyzejtransactionsjandjpreparejfinancialjs Moderate 40-50
tatements.
9A Preparejfinancialjstatements. Simple 35-45
10A Determinejmissingjamounts,jandjcomment. Moderate 35-45
11A Discussjerrorsjandjpreparejcorrectedjbalancejs Moderate 45-55
heet.
1B Identifyjusersjandjusejofjaccountingjinformation. Simple 15-20
2B Determinejformsjofjbusinessjorganizationjandjty Simple 15-20
pesjofjaccountingjstandards.
3B Determinejmissingjitems. Moderate 20-25
4B Classifyjaccountsjandjpreparejaccountingje Simple 20-30
quation.
5B Assessjaccountingjtreatment. Moderate 20-25
6B Analyzejtransactionsjandjcalculatejowner’sjequity. Simple 35-45
7B Analyzejtransactionsjandjpreparejbalancejsheet. Simple 40-50
8B Analyzejtransactionsjandjpreparejfinancialjs Moderate 40-50
tatements.
9B Preparejfinancialjstatements. Simple 35-45
10B Determinejmissingjamounts,jandjcomment. Moderate 35-45
11B Discussjerrorsjandjpreparejcorrectedjbalancejs Moderate 45-55
heet.
SolutionsjManual 1-2 Chapterj1
.
,Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
BLOOM’S TAXONOMY TABLE
j j
Correlationj ChartjbetweenjBloom’sjTaxonomy,j LearningjObjectivesjandjEnd-of-
jChapterjMaterial
Evaluatj
LearningjObjective Knowledge Comprehension Application Analysis Synthesis ion
1.jIdentifyjthejusejandju Q1- Q1- P1-
sersjofjaccountingja 3jBE1 1jQ1- 1AjP1-
ndjthejobjectivejofjfin -1jE1- 2jE1- 1B
ancialjreporting. 5 1jE1-
2
2.jComparejdifferentjf Q1- P1-
ormsjofjbusinessjo 4jBE1- 2AjP1-
rganizationj. 2jBE1- 2BjP1-
4jBE1- 11B
10jE1-
3jE1-7
3.jExplainjthejbuildingjblo Q1- Q1- P1- BE1-3
cksjofjaccounting:jethi 6jQ1- 5jQ1- 2AjP1-
csjandjthejconceptsjin 7jE1- 8jQ1- 2BjP1-
cludedjinjthejconcept 5 9jQ1- 3AjP1-
ualjframework. 10jQ1- 3BjP1-
11 7A
BE1- P1-
4jBE1- 7BjP1-
5 11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.j Describejthe Q1-12 BE1-7 BE1-8
componentsjofjthe Q1-13 BE1-9
financialjstatements Q1-14 BE1-10
andjexplainjthe Q1-16 BE1-14
accountingjequation. BE1-11 BE1-
15jE1-6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
SolutionsjManual 1-3 Chapterj1
.
, Weygandt,jKieso,jKimmel,jTrenholm,jWarren,jNovak AccountingjPrinciples,jSeventhjCanadianjEdition
BLOOM’S TAXONOMY TABLE (Continued)
j j j
Evaluatj
LearningjObjective Knowledge Comprehension Application Analysis Synthesis ion
5.j Analyzejthejeffects Q1-19 Q1-17 Q1-18
ofjbusiness E1-5 Q1-20 BE1-12
transactionsjonjthe E1-8 BE1-13
accountingjequation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.j Preparejfinancial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
BroadeningjYour BYP1-1 SantéjSaga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-j6 BYP1-5
SolutionsjManual 1-4 Chapterj1
.
