SOLUTION MANUAL
Accounting Principles, 9th Canadian Edition Volume 1 & 2
By Jerry Weygandt, Donald Kieso,
TABLE OF CONTENTS
Accounting Principles, 9th Canadian Edition
,Accounting Principles, 9th Canadian Edition
Volume 1
1. Accounting in Action
2. The Recording Process
3. Adjusting the Accounts
4. Completion of the Accounting Cycle
5. Accounting for Merchandising Operations
6. Inventory Costing
7. Internal Control and Cash
8. Accounting for Receivables
9. Long-Lived Assets
10. Current Liabilities and Payroll
Volume 2
9. Long-Lived Assets
10. Current Liabilities and Payroll
11. Financial Reporting Concepts
12. Accounting for Partnerships
13. Introduction to Corporations
14. Corporations: Additional Topics and IFRS
15. Non-Current Liabilities
16. Investments
17. The Cash Flow Statement
18. Financial Statement Analysis
CHAPTER 1
Accounting Principles, 9th Canadian Edition
,Accounting Principles, 9th Canadian Edition
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.
Accounting Principles, 9th Canadian Edition
, Accounting Principles, 9th Canadian Edition
Summary sof sQuestions sby sLearning sObjectives sand sBloom‘s sTaxonomy
Item s LO BT Item LO BT Item s LO BT Item s LO BT Item s LO BT
Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C
s 6. 3 sK 10. 3 sC 14. 4 K
s 18. 5 sAP
3. 1 C
s 7. 3 sK 11. 3 sC 15. 4 C
s 19. 6 K
s
4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
Brief sExercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 sC 6. 3 sC 10. 4 sAP 14. 4,5 sAP 18. 6 sAP
3. 3 sA 7. 4 sC 11. 4 sK 15. 4,6 sAP
4. 3 N 8. 4 AP 12. 5 AP 16. 6 AP
C
Exercises
1. 1 C 5. 1,3,5 K 9. 3,5,6 C 13. 4,5 AP 17. 6 AP
2. 1 C
s 6. 4 sAP 10. 5 C
s 14. 6 sAP
3. 2 C
s 7. 4 sAP 11. 5 C
s 15. 6 sAP
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. s 2,3 s AP 5. 3,5 C 8. 4,5,6 AP 11. s 3,4,5,6 sAP
3. 4 AP 6. 4,6 AP 9. 6 AP
Accounting Principles, 9th Canadian Edition