Solutions Manual for Accounting Principles 14th Edition – Weygandt, Kimmel, Kieso

SolutionskManualkForkAccountingkPrinciplesk7thkCanadiankEdition,k7ekkW
eygandtkDonaldkKiesoKimmelkTrenholmkWarrenkNovak

CHAPTER 1 k




Accounting in Action k k




ASSIGNMENTkCLASSIFICATIONkTABLE
BriefkEx Problemsk Problems
LearningkObjectives Questions ercises Exercises SetkA kSetkB


1.kIdentifykthekusekand 1,k2,k3 1 1,k2,k5 1 1
kuserskofkaccountin
gkandkthekobjectivek
ofkfinancialkreportin
g.
2.kComparekdifferent 4 2 3, 2 2
kformskofkbusines
skorganization.

3.kExplainkthekbuildingkb 5,k6,k7,k8, 3,k4,k5,k6 4,k5,k9,k10 2,k5,k7, 2,k5,k7,k11
lockskofkaccounting:ke 9,k10,k11 11
thicskandkthekconcept
skincludedkin
thekconceptualkframew
ork.
4.kDescribekthekcompone 12,k13,k14. 7,k8,k9, 6,k7,k13 3,k4,k6,k7, 3,k4,k6,k7,
ntskofkthekfinancialkstat 15,k16 10,k11,k15 8,k11 8,k11
ementskandkexplainkth
ekaccountingkequation.

5.kAnalyzekthekeffectskof 17,k18 12,k13,k14 5,k8,k9, 5,k7,k8, 6,k7,k8,k9,
kbusinessktransaction 10,k11, 11 10,k11
skonkthekaccountingk 12,k13
equation.

6.kPreparekfinancialkstate 19,k20 14,k15,k16 9,k14,k15, 6,k7,k8,k9, 2,k5,k7,k11
ments. 17,k18 16,k17 10,k11




SolutionskManual 1-1 Chapterk1
.

,Weygandt,kKieso,kKimmel,kTrenholm,kWarren,kNova AccountingkPrinciples,kSeventhkCanadiankEditio
k n



ASSIGNMENTkCHARACTERISTICSkTABLE
ProblemkN Difficulty Time
umber Description kLevel Allottedk(min.)

1A Identifykuserskandkusekofkaccountingkinformation. Simple 15-20

2A Determinekformskofkbusinesskorganizationkandktyp Simple 15-20
eskofkaccountingkstandards.
3A Determinekmissingkitems. Moderate 20-25

4A Classifykaccountskandkpreparekaccountingkequatio Simple 20-30
n.
5A Assesskaccountingktreatment. Moderate 20-25

6A Analyzektransactionskandkcalculatekowner’skequity. Simple 35-45
7A Analyzektransactionskandkpreparekbalanceksheet. Simple 40-50

8A Analyzektransactionskandkpreparekfinancialkstateme Moderate 40-50
nts.
9A Preparekfinancialkstatements. Simple 35-45

10A Determinekmissingkamounts,kandkcomment. Moderate 35-45
11A Discusskerrorskandkpreparekcorrectedkbalanceksh Moderate 45-55
eet.

1B Identifykuserskandkusekofkaccountingkinformation. Simple 15-20

2B Determinekformskofkbusinesskorganizationkandktyp Simple 15-20
eskofkaccountingkstandards.
3B Determinekmissingkitems. Moderate 20-25

4B Classifykaccountskandkpreparekaccountingkequatio Simple 20-30
n.
5B Assesskaccountingktreatment. Moderate 20-25

6B Analyzektransactionskandkcalculatekowner’skequity. Simple 35-45

7B Analyzektransactionskandkpreparekbalanceksheet. Simple 40-50

8B Analyzektransactionskandkpreparekfinancialkstateme Moderate 40-50
nts.
9B Preparekfinancialkstatements. Simple 35-45
10B Determinekmissingkamounts,kandkcomment. Moderate 35-45

11B Discusskerrorskandkpreparekcorrectedkbalanceksh Moderate 45-55
eet.




SolutionskManual 1-2 Chapterk1
.

,Weygandt,kKieso,kKimmel,kTrenholm,kWarren,kNova AccountingkPrinciples,kSeventhkCanadiankEditio
k n



BLOOM’SkTAXONOMYkTABLE
CorrelationkChartkbetweenkBloom’skTaxonomy,kLearningkObjectiveskandkEnd-of-
kChapterkMaterial



Evaluat
LearningkObjective Knowledge Comprehension Application Analysis Synthesis kion
1.k Identifyk thek usek and Q1-3 Q1-1 P1-1A
userskofkaccounting BE1-1 Q1-2 P1-1B
andkthekobjectivekof E1-5 E1-1
financialkreporting. E1-2

2.kComparekdifferent Q1- P1-
kformskofkbusines 4kBE1 2AkP1-
skorganizationk. - 2BkP1-
2kBE1 11B
-4
BE1-10
E1-3
E1-7

3.kExplainkthekbuildingkb Q1- Q1- P1- BE1-3
lockskofkaccounting:ke 6kQ1 5kQ1- 2AkP1
thicskandkthekconcept - 8kQ1- -
skincludedkinkthekcon 7kE1 9kQ1- 2BkP1
ceptualkframework. -5 10kQ1 -
-11 3AkP1
BE1- -
4kBE1 3BkP1
-5 -7A
P1-
7BkP1-
11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B

4.k Describekthe Q1-12 BE1-7 BE1-8
componentskofkthe Q1-13 BE1-9
financialkstatements Q1-14 BE1-10
andkexplainkthe Q1-16 BE1-14
accountingkequation. BE1-11 BE1-
15kE1-
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



SolutionskManual 1-3 Chapterk1
.

, Weygandt,kKieso,kKimmel,kTrenholm,kWarren,kNova AccountingkPrinciples,kSeventhkCanadiankEditio
k n



BLOOM’SkTAXONOMYkTABLEk(Continued)

Evaluat
LearningkObjective Knowledge Comprehension Application Analysis Synthesis kion
5.k Analyzekthekeffects Q1-19 Q1-17 Q1-18
ofkbusiness E1-5 Q1-20 BE1-12
transactionskonkthe E1-8 BE1-13
accountingkequation. 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.k Preparekfinancial 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
BroadeningkYour BYP1-1 SantékSaga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-k6 BYP1-5




SolutionskManual 1-4 Chapterk1
.