Problem Difficulty Time Allotted
Number Description Level (min.)
1A Analyze transactions and compute net income. Moderate 40–50
2A Analyze transactions and prepare income statement, Moderate 50–60
owner’s equity statement, and balance sheet.
3A Prepare income statement, owner’s equity statement, and Moderate 50–60
balance sheet.
4A Analyze transactions and prepare financial statements. Moderate 40–50
5A Determine financial statement amounts and prepare Moderate 40–50
owner’s equity statement.
1-2 Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only)
, WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 1
ACCOUNTING IN ACTION
Number LO BT Difficulty Time (min.)
BE1 3 AP Simple 2–4
BE2 3 AP Simple 3–5
BE3 3 AP Moderate 4–6
BE4 3 AP Moderate 4–6
BE5 3 C Simple 2–4
BE6 4 C Simple 2–4
BE7 4 C Simple 2–4
BE8 3 C Simple 2–4
BE9 4 C Simple 1–2
BE10 5 AP Simple 3–5
BE11 5 C Simple 2–4
DI1 1 K Simple 2–4
DI2 2 K Simple 2–4
DI3 3 AP Simple 6–8
DI4 4 AP Moderate 8–10
DI5 3, 5 AP Moderate 10–12
EX1 1 C Moderate 5–7
EX2 1 C Simple 6–8
EX3 2 C Moderate 6–8
EX4 2 C Moderate 6–8
EX5 3 C Simple 4–6
EX6 4 C Simple 6–8
EX7 4 C Simple 4–6
EX8 4 AP Moderate 12–15
EX9 5 AP Simple 12–15
EX10 5 AP Moderate 8–10
EX11 5 AP Moderate 6–8
EX12 5 AP Simple 8–10
EX13 5 AN Simple 8–10
EX14 5 AP Simple 10–12
EX15 5 AP Simple 6–8
EX16 5 AP Moderate 6–8
Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only) 1-3
,ACCOUNTING IN ACTION (Continued)
Number LO BT Difficulty Time (min.)
P1A 3, 4 AP Moderate 40–50
P2A 3–5 AP Moderate 50–60
P3A 5 AP Moderate 50–60
P4A 3–5 AP Moderate 40–50
P5A 4, 5 AP Moderate 40–50
BYP1 5 AN Simple 10–15
BYP2 5 AN, E Simple 10–15
BYP3 5 AN, E Simple 10–15
BYP4 6 C, AN Simple 15–20
BYP5 4 E Moderate 15–20
BYP6 5 E Simple 12–15
BYP7 2 E Simple 10–12
BYP8 2 E Moderate 15–20
BYP9 – AP Moderate 15–20
BYP10 – C Simple 10–15
1-4 Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only)
, Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only)
BLOOM’S TAXONOMY TABLE
Correlation Chart between Bloom’s Taxonomy, Learning Objectives and End-of-Chapter Exercises and Problems
Learning Objective Knowledge Comprehension Application Analysis Synthesis Evaluation
1. Identify the activities and users DI1-1 Q1-1 Q1-5
associated with accounting. Q1-2 E1-1
Q1-3 E1-2
Q1-4
3. Explain the building blocks of Q1-7 Q1-6
accounting: ethics, principles, Q1-8 E1-3
and assumptions. Q1-9 E1-4
Q1-10
DI1-1
3. State the accounting equation, DI1-2 Q1-11 BE1-9 BE1-1 P1-1A
and define its components. BE1-5 Q1-12 E1-5 BE1-2 P1-2A
Q1-13 BE1-3 P1-4A
BE1-4 DI1-5
BE1-8
4. Analyze the effects of business Q1-14 BE1-6 DI1-4 P1-4A
transactions on the accounting Q1-15 BE1-7 E1-8 P1-5A
equation. Q1-16 E1-6 P1-1A
Q1-18 E1-7 P1-2A
5. Describe the four financial Q1-17 Q1-20 E1-14 E1-13
statements and how they are Q1-19 Q1-21 E1-15
prepared. BE1-11 BE1-10 E1-16
DI1-5 E1-17
E1-8 P1-2A
E1-9 P1-3A
E1-10 P1-4A
E1-11 P1-5A
E1-12
Broadening Your Perspective Real–World Focus FASB Codification Financial Reporting All About You
Considering Comparative Analysis Comparative Analysis
People, Planet, Decision–Making Across
and Profit the Organization
Communication Activity
Ethics Case
1-5