SOLUTIONS
MANUAL:College Accounting A Practical
Approach 14th Canadian Edition
,INSTRUCTOR’S SOLUTIONS
MANUAL
Brenda Ridgeley-Ketchell
Okanagan College
College Accounting: A
Practical Approach
Fourteenth Canadian Edition
Jeffrey Slater
North Shore Community College
Debra Good
Conestoga College
© 2021 Pearson Canada All
Rights Reserved 4-1
,ISBN: 978-0-13-543694-3
Copyright © 2021 Pearson Canada Inc., Toronto,
Ontario. All rights reserved. This work is
protected by Canadian copyright laws and is
provided solely for the use of instructors in
teaching their courses and assessing student
learning. Dissemination or sale of any part of this
work (including on the Internet) will destroy the
integrity of the work and is not permitted. The
copyright holder grants permission to instructors
who have adopted College Accounting by Slater and
Good, to post this material online only if the use
of the website is restricted by access codes to
students in the instructor’s class that is using the
textbook and provided the reproduced material
bears this copyright notice.
© 2021 Pearson Canada All
Rights Reserved 4-1
, 1
Accounting Concepts and
Procedures: An
Introduction
ANSWERS TO
DISCUSSION
QUESTIONS AND
CRITICAL
THINKING/ETHICAL
CASE
1. The functions of accounting are to
analyze, record, classify, summarize,
report and interpret information.
2. Sole proprietorship—one owner,
unlimited liability; easy to form
Partnership—two or more owners;
unlimited liability, easy to form
Corporation—one or more shareholders;
limited liability; more difficult to form.
© 2021 Pearson Canada All
Rights Reserved 4-1
MANUAL:College Accounting A Practical
Approach 14th Canadian Edition
,INSTRUCTOR’S SOLUTIONS
MANUAL
Brenda Ridgeley-Ketchell
Okanagan College
College Accounting: A
Practical Approach
Fourteenth Canadian Edition
Jeffrey Slater
North Shore Community College
Debra Good
Conestoga College
© 2021 Pearson Canada All
Rights Reserved 4-1
,ISBN: 978-0-13-543694-3
Copyright © 2021 Pearson Canada Inc., Toronto,
Ontario. All rights reserved. This work is
protected by Canadian copyright laws and is
provided solely for the use of instructors in
teaching their courses and assessing student
learning. Dissemination or sale of any part of this
work (including on the Internet) will destroy the
integrity of the work and is not permitted. The
copyright holder grants permission to instructors
who have adopted College Accounting by Slater and
Good, to post this material online only if the use
of the website is restricted by access codes to
students in the instructor’s class that is using the
textbook and provided the reproduced material
bears this copyright notice.
© 2021 Pearson Canada All
Rights Reserved 4-1
, 1
Accounting Concepts and
Procedures: An
Introduction
ANSWERS TO
DISCUSSION
QUESTIONS AND
CRITICAL
THINKING/ETHICAL
CASE
1. The functions of accounting are to
analyze, record, classify, summarize,
report and interpret information.
2. Sole proprietorship—one owner,
unlimited liability; easy to form
Partnership—two or more owners;
unlimited liability, easy to form
Corporation—one or more shareholders;
limited liability; more difficult to form.
© 2021 Pearson Canada All
Rights Reserved 4-1
