https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
SOLUTIONS MANUAL
to accompany
MANAGERIAL
ACCOUNTING
Tools for Business Decision Making
2ND Edition
Jerry J. Weygandt PhD, CPA
Arthur Andersen Alumni Professor of Accounting
University of Wisconsin
Madison, Wisconsin
Donald E. Kieso PhD, CPA
KPMG Peat Marwick Emeritus Professor of Accountancy
Northern Illinois University
DeKalb, Illinois
Paul D. Kimmel PhD, CPA
Associate Professor of Accounting
University of Wisconsin--Milwaukee
Milwaukee, Wisconsin
John Wiley & Sons, Inc.
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
COVER PHOTO Ron Behrmann/International Stock.
To order books or for customer service call 1-800-CALL-WILEY (225-5945).
Copyright 2002 by John Wiley & Sons, Inc.
Excerpts from this work may be reproduced by
instructors for distribution on a not-for-profit basis for
testing or instructional purposes only to students enrolled
in courses for which the textbook has been adopted. Any
other reproduction or translation of this work beyond
that permitted by Sections 107 or 108 of the 1976 United
States Copyright Act without the permission of the
copyright owner is unlawful. Requests for permission or
further information should be addressed to the
Permissions Department, John Wiley & Sons, Inc., 605
Third Avenue, New York, NY 10158-0012.
ISBN 0-471-41641-X
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
Printed and bound by Victor Graphics, Inc.
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
!"#$%#$&'
!
!
()%*+,%'$"'$-%'.#&$)/,$")'
'
0/112%3%#$+)4'5+$%)6+2&'+#7'8%+,-6#9':67&'
'
!-+1$%)';' 5+#+9%)6+2':,,"/#$6#9'
'
!-+1$%)'<' =">'?)7%)'!"&$':,,"/#$6#9'
'
!-+1$%)'@' ()",%&&'!"&$':,,"/#$6#9'
'
!-+1$%)'A' :,$6B6$4CD+&%7'!"&$6#9'
'
!-+1$%)'E' !"&$CF"2/3%C()"*6$'G%2+$6"#&-61&'
'
!-+1$%)'H' D/79%$+)4'(2+##6#9'
'
!-+1$%)'I' D/79%$+)4'!"#$)"2'+#7'G%&1"#&6>626$4':,,"/#$6#9'
'
!-+1$%)'J' (%)*")3+#,%'KB+2/+$6"#'8-)"/9-'0$+#7+)7'!"&$&'
'
!-+1$%)'L' .#,)%3%#$+2':#+24&6&'
'
!-+1$%)';M' !+16$+2'D/79%$6#9'
'
!-+1$%)';;' ()6,6#9'N%,6&6"#&'
'
!-+1$%)';<' 0$+$%3%#$'"*'!+&-'O2"P&'
'
!-+1$%)';@' O6#+#,6+2'0$+$%3%#$':#+24&6&'
'
:11%#76Q'!' 863%'F+2/%'"*'5"#%4'
'
0"2/$6"#&'$"'!+&%&'*")'5+#+9%3%#$'N%,6&6"#'5+R6#9'
'
!"31)%-%#&6B%'!N'()">2%3S' !-+1$%)&';'$"';;'
'
'
! ! !
"""!
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
, https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
!"#$%&#'()'(*#'+,-(".&()"'
!
!
$%&!'(&)&*+,+"-*!-.!+%&!)/01&2+!3,++&(!-.!+%&!+%"(+&&*!2%,'+&()!"*!!"#"$%&'"()*++,-#.'#$/)0%+,#1)21'3
.',#!")!.-44-5&6!07!8/&)+"-*)9!0("&.!&:&(2")&)9!&:&(2")&)9!'(-04&3)9!,!;(-/'!6&2")"-*!2,)&9!,!3,*,;&(",4!
,*,47)")!'(-04&39!,!(&,4<5-(46!.-2/)!'(-04&39!,*!&:'4-("*;!+%&!=&0!,))";*3&*+9!,!2-33/*"2,+"-*!,2+"#"+79!
,!(&)&,(2%!,))";*3&*+9!,*!&+%"2)!2,)&9!,*6!,!)&+!-.!."#&!2-3'(&%&*)"#&!2,)&)!"*!,*!,''&*6":!>,+!+%&!0,2?!
-.!+%&!0--?@A!$%")!B-4/+"-*)!C,*/,4!2-*+,"*)!)/;;&)+&6!,*)5&()!+-!+%&!8/&)+"-*)!,*6!2-3'4&+&!)-4/+"-*)!
+-!,44!-.!+%&)&!,))";*3&*+!"+&3)A!
!
/--01,2#,('34%--0$0&%(0),'5%64#7! D!/*"8/&!.&,+/(&!-.!-/(!B-4/+"-*)!C,*/,4!")!,!+,04&!+%,+!2,+&;-("E&)!
+%&!&*6<-.<2%,'+&(!"+&3)!>8/&)+"-*)9!0("&.!&:&(2")&)9!&:&(2")&)9!'(-04&3)9!,*6!,4+&(*,+"#&!'(-04&3)@!07!
)+/67!-01&2+"#&)!"*!&,2%!2%,'+&(A!
!
/--01,2#,('3*%"%&(#"0-(0&-'5%64#7! F,2%!2%,'+&(!-.!+%")!B-4/+"-*)!C,*/,4!2-*+,"*)!,!+,04&!-..&("*;G!
>H@!,!)%-(+!6&)2("'+"-*!-.!&,2%!'(-04&3!,*6!,4+&(*,+"#&!'(-04&39!>I@!,*!"*6"2,+"-*!-.!+%&!4&#&4!-.!6".."2/4+7!
>)"3'4&9!3-6&(,+&9!-(!2-3'4&:@9!,*6!>J@!+%&!&)+"3,+&6!+"3&!"*!3"*/+&)A!
!
84))29-'5%:),)2;'5%64#7! F,2%!2%,'+&(!.&,+/(&)!,!2-((&4,+"-*!2%,(+!)%-5"*;!+%&!(&4,+"-*)%"'!0&+5&&*!
K4--3L)!+,:-*-37!-.!4&,(*"*;!,*6!)+/67!-01&2+"#&!.-(!&,2%!&*6<-.<2%,'+&(!"+&39!,44-5"*;!.-(!3-(&!+,(;&+&6!
,))";*3&*+)!,*6!,))&))3&*+A!
!
<.#-(0),-7! $%&!8/&)+"-*)!,+!+%&!&*6!-.!&,2%!2%,'+&(!'(-#"6&!,!0,)")!.-(!24,))(--3!6")2/))"-*!-.!+%&!
+-'"2)!'(&)&*+&6!"*!+%&!2%,'+&(!,*6!)&(#&!,)!,*!,"6!+-!+%&!)+/6&*+)!"*!+&)+"*;!+%&"(!/*6&()+,*6"*;!-.!+%&!
+&:+!3,+&(",4)A!$%&7!6&,4!5"+%!0-+%!2-*2&'+/,4!,*6!'(-2&6/(,4!3,++&()A!$%&!)&8/&*2&!-.!8/&)+"-*)!;&*<
&(,447!2-((&)'-*6)!+-!+%&!+-'"2,4!2-#&(,;&!"*!+%&!+&:+A!M/44!,*6!2-3'4&+&!,*)5&()!+-!+%&)&!8/&)+"-*)!,(&!
'(&)&*+&6!"*!+%")!3,*/,4A!
!
8"0#$'=:#"&0-#-7! F,2%!0("&.!&:&(2")&!.-2/)&)!-*!-*&!-.!+%&!)+/67!-01&2+"#&)!4")+&6!,+!+%&!0&;"**"*;!-.!+%&!
2%,'+&(A!K&2,/)&!+%&)&!0("&.!&:&(2")&)!,(&!)+(,";%+.-(5,(6!,*6!)"3'4&9!+%&7!0/"46!+%&!)+/6&*+L)!2-*."6&*2&!
,*6!+&)+!0,)"2!)?"44)A!
!
=:#"&0-#-7! N&*&(,4479!+%&!&:&(2")&)!2-#&(!,!)'&2"."2!+-'"2!,*6!(&8/"(&!4&))!+"3&!,*6!&..-(+!+-!)-4#&!+%,*!
+%&!'(-04&3)A!O*!,66"+"-*!+-!)&(#"*;!,)!)/''4&3&*+,4!,))";*3&*+!3,+&(",49!+%&!&:&(2")&)!3,7!0&!/)&6!.-(!
24,))!6")2/))"-*!,*6!.-(!&:,3"*,+"-*!'/('-)&)A!
!
!")64#2-7! =%&(&,)!+%&!;-,4!-.!+%&!&:&(2")&)!")!0(&#"+7!-.!)-4/+"-*!+"3&!,*6!2-#&(,;&!-.!&))&*+",4!'("*<
2"'4&)!-(!3&+%-6-4-;7!5"+%!3"*"3/3!6".."2/4+79!+%&!'(-04&3)!,(&!6&)";*&6!+-!6&#&4-'!,!'(-.&))"-*,4!4&#&4!
-.!,2%"&#&3&*+!,*69!+%&(&.-(&9!,(&!;&*&(,447!3-(&!2%,44&*;"*;!+-!)-4#&A!=&!%,#&!,((,*;&6!+%&!'(-04&3)9!
,)!3/2%!,)!'-))"04&9!"*!+%&!),3&!-(6&(!,)!+%&!6")2/))"-*!"*!+%&!2%,'+&(A!B-3&!-.!+%&!'(-04&3)!,(&!(-/<
+"*&!,*6!2,*!0&!)-4#&6!07!.-44-5"*;!'(-2&6/(&)!+%,+!,(&!"44/)+(,+&6!"*!+%&!+&:+A!$%&!3-(&!6".."2/4+!'(-04&3)!
3,7!04&*6!,!6"#&()"+7!-.!'("*2"'4&)!"*+-!,!)"*;4&!)"+/,+"-*!(&8/"("*;!,!)&("&)!-.!)+&')9!2-3'/+,+"-*)9!-(!)-4/<
+"-*)!,*6!6&3,*6!"*+&('(&+,+"-*9!,*,47)")9!,*6!1/6;3&*+A!
! D66"+"-*,4479!,!.,(!;(&,+&(!*/30&(!-.!'(-04&3)!%,)!0&&*!'(-#"6&6!+%,*!+%&!"*)+(/2+-(!2,*!(&,)-*,047!
/)&!"*!,!)"*;4&!-..&("*;!-.!+%&!2-/()&A!D*!,4+&(*,+"#&!)&+!-.!'(-04&3)!)"3"4,(!"*!*,+/(&!,*6!2-#&(,;&!+-!+%&!
."()+!)&+!-.!'(-04&3)!")!'(-#"6&6!)-!+%,+!,))";*3&*+)!)"3"4,(!"*!2-#&(,;&!,*6!6".."2/4+7!2,*!0&!#,("&6!.(-3!
)&3&)+&(!+-!)&3&)+&(A!
! ! !
"#!
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
SOLUTIONS MANUAL
to accompany
MANAGERIAL
ACCOUNTING
Tools for Business Decision Making
2ND Edition
Jerry J. Weygandt PhD, CPA
Arthur Andersen Alumni Professor of Accounting
University of Wisconsin
Madison, Wisconsin
Donald E. Kieso PhD, CPA
KPMG Peat Marwick Emeritus Professor of Accountancy
Northern Illinois University
DeKalb, Illinois
Paul D. Kimmel PhD, CPA
Associate Professor of Accounting
University of Wisconsin--Milwaukee
Milwaukee, Wisconsin
John Wiley & Sons, Inc.
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
COVER PHOTO Ron Behrmann/International Stock.
To order books or for customer service call 1-800-CALL-WILEY (225-5945).
Copyright 2002 by John Wiley & Sons, Inc.
Excerpts from this work may be reproduced by
instructors for distribution on a not-for-profit basis for
testing or instructional purposes only to students enrolled
in courses for which the textbook has been adopted. Any
other reproduction or translation of this work beyond
that permitted by Sections 107 or 108 of the 1976 United
States Copyright Act without the permission of the
copyright owner is unlawful. Requests for permission or
further information should be addressed to the
Permissions Department, John Wiley & Sons, Inc., 605
Third Avenue, New York, NY 10158-0012.
ISBN 0-471-41641-X
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
Printed and bound by Victor Graphics, Inc.
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
!"#$%#$&'
!
!
()%*+,%'$"'$-%'.#&$)/,$")'
'
0/112%3%#$+)4'5+$%)6+2&'+#7'8%+,-6#9':67&'
'
!-+1$%)';' 5+#+9%)6+2':,,"/#$6#9'
'
!-+1$%)'<' =">'?)7%)'!"&$':,,"/#$6#9'
'
!-+1$%)'@' ()",%&&'!"&$':,,"/#$6#9'
'
!-+1$%)'A' :,$6B6$4CD+&%7'!"&$6#9'
'
!-+1$%)'E' !"&$CF"2/3%C()"*6$'G%2+$6"#&-61&'
'
!-+1$%)'H' D/79%$+)4'(2+##6#9'
'
!-+1$%)'I' D/79%$+)4'!"#$)"2'+#7'G%&1"#&6>626$4':,,"/#$6#9'
'
!-+1$%)'J' (%)*")3+#,%'KB+2/+$6"#'8-)"/9-'0$+#7+)7'!"&$&'
'
!-+1$%)'L' .#,)%3%#$+2':#+24&6&'
'
!-+1$%)';M' !+16$+2'D/79%$6#9'
'
!-+1$%)';;' ()6,6#9'N%,6&6"#&'
'
!-+1$%)';<' 0$+$%3%#$'"*'!+&-'O2"P&'
'
!-+1$%)';@' O6#+#,6+2'0$+$%3%#$':#+24&6&'
'
:11%#76Q'!' 863%'F+2/%'"*'5"#%4'
'
0"2/$6"#&'$"'!+&%&'*")'5+#+9%3%#$'N%,6&6"#'5+R6#9'
'
!"31)%-%#&6B%'!N'()">2%3S' !-+1$%)&';'$"';;'
'
'
! ! !
"""!
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
, https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
!"#$%&#'()'(*#'+,-(".&()"'
!
!
$%&!'(&)&*+,+"-*!-.!+%&!)/01&2+!3,++&(!-.!+%&!+%"(+&&*!2%,'+&()!"*!!"#"$%&'"()*++,-#.'#$/)0%+,#1)21'3
.',#!")!.-44-5&6!07!8/&)+"-*)9!0("&.!&:&(2")&)9!&:&(2")&)9!'(-04&3)9!,!;(-/'!6&2")"-*!2,)&9!,!3,*,;&(",4!
,*,47)")!'(-04&39!,!(&,4<5-(46!.-2/)!'(-04&39!,*!&:'4-("*;!+%&!=&0!,))";*3&*+9!,!2-33/*"2,+"-*!,2+"#"+79!
,!(&)&,(2%!,))";*3&*+9!,*!&+%"2)!2,)&9!,*6!,!)&+!-.!."#&!2-3'(&%&*)"#&!2,)&)!"*!,*!,''&*6":!>,+!+%&!0,2?!
-.!+%&!0--?@A!$%")!B-4/+"-*)!C,*/,4!2-*+,"*)!)/;;&)+&6!,*)5&()!+-!+%&!8/&)+"-*)!,*6!2-3'4&+&!)-4/+"-*)!
+-!,44!-.!+%&)&!,))";*3&*+!"+&3)A!
!
/--01,2#,('34%--0$0&%(0),'5%64#7! D!/*"8/&!.&,+/(&!-.!-/(!B-4/+"-*)!C,*/,4!")!,!+,04&!+%,+!2,+&;-("E&)!
+%&!&*6<-.<2%,'+&(!"+&3)!>8/&)+"-*)9!0("&.!&:&(2")&)9!&:&(2")&)9!'(-04&3)9!,*6!,4+&(*,+"#&!'(-04&3)@!07!
)+/67!-01&2+"#&)!"*!&,2%!2%,'+&(A!
!
/--01,2#,('3*%"%&(#"0-(0&-'5%64#7! F,2%!2%,'+&(!-.!+%")!B-4/+"-*)!C,*/,4!2-*+,"*)!,!+,04&!-..&("*;G!
>H@!,!)%-(+!6&)2("'+"-*!-.!&,2%!'(-04&3!,*6!,4+&(*,+"#&!'(-04&39!>I@!,*!"*6"2,+"-*!-.!+%&!4&#&4!-.!6".."2/4+7!
>)"3'4&9!3-6&(,+&9!-(!2-3'4&:@9!,*6!>J@!+%&!&)+"3,+&6!+"3&!"*!3"*/+&)A!
!
84))29-'5%:),)2;'5%64#7! F,2%!2%,'+&(!.&,+/(&)!,!2-((&4,+"-*!2%,(+!)%-5"*;!+%&!(&4,+"-*)%"'!0&+5&&*!
K4--3L)!+,:-*-37!-.!4&,(*"*;!,*6!)+/67!-01&2+"#&!.-(!&,2%!&*6<-.<2%,'+&(!"+&39!,44-5"*;!.-(!3-(&!+,(;&+&6!
,))";*3&*+)!,*6!,))&))3&*+A!
!
<.#-(0),-7! $%&!8/&)+"-*)!,+!+%&!&*6!-.!&,2%!2%,'+&(!'(-#"6&!,!0,)")!.-(!24,))(--3!6")2/))"-*!-.!+%&!
+-'"2)!'(&)&*+&6!"*!+%&!2%,'+&(!,*6!)&(#&!,)!,*!,"6!+-!+%&!)+/6&*+)!"*!+&)+"*;!+%&"(!/*6&()+,*6"*;!-.!+%&!
+&:+!3,+&(",4)A!$%&7!6&,4!5"+%!0-+%!2-*2&'+/,4!,*6!'(-2&6/(,4!3,++&()A!$%&!)&8/&*2&!-.!8/&)+"-*)!;&*<
&(,447!2-((&)'-*6)!+-!+%&!+-'"2,4!2-#&(,;&!"*!+%&!+&:+A!M/44!,*6!2-3'4&+&!,*)5&()!+-!+%&)&!8/&)+"-*)!,(&!
'(&)&*+&6!"*!+%")!3,*/,4A!
!
8"0#$'=:#"&0-#-7! F,2%!0("&.!&:&(2")&!.-2/)&)!-*!-*&!-.!+%&!)+/67!-01&2+"#&)!4")+&6!,+!+%&!0&;"**"*;!-.!+%&!
2%,'+&(A!K&2,/)&!+%&)&!0("&.!&:&(2")&)!,(&!)+(,";%+.-(5,(6!,*6!)"3'4&9!+%&7!0/"46!+%&!)+/6&*+L)!2-*."6&*2&!
,*6!+&)+!0,)"2!)?"44)A!
!
=:#"&0-#-7! N&*&(,4479!+%&!&:&(2")&)!2-#&(!,!)'&2"."2!+-'"2!,*6!(&8/"(&!4&))!+"3&!,*6!&..-(+!+-!)-4#&!+%,*!
+%&!'(-04&3)A!O*!,66"+"-*!+-!)&(#"*;!,)!)/''4&3&*+,4!,))";*3&*+!3,+&(",49!+%&!&:&(2")&)!3,7!0&!/)&6!.-(!
24,))!6")2/))"-*!,*6!.-(!&:,3"*,+"-*!'/('-)&)A!
!
!")64#2-7! =%&(&,)!+%&!;-,4!-.!+%&!&:&(2")&)!")!0(&#"+7!-.!)-4/+"-*!+"3&!,*6!2-#&(,;&!-.!&))&*+",4!'("*<
2"'4&)!-(!3&+%-6-4-;7!5"+%!3"*"3/3!6".."2/4+79!+%&!'(-04&3)!,(&!6&)";*&6!+-!6&#&4-'!,!'(-.&))"-*,4!4&#&4!
-.!,2%"&#&3&*+!,*69!+%&(&.-(&9!,(&!;&*&(,447!3-(&!2%,44&*;"*;!+-!)-4#&A!=&!%,#&!,((,*;&6!+%&!'(-04&3)9!
,)!3/2%!,)!'-))"04&9!"*!+%&!),3&!-(6&(!,)!+%&!6")2/))"-*!"*!+%&!2%,'+&(A!B-3&!-.!+%&!'(-04&3)!,(&!(-/<
+"*&!,*6!2,*!0&!)-4#&6!07!.-44-5"*;!'(-2&6/(&)!+%,+!,(&!"44/)+(,+&6!"*!+%&!+&:+A!$%&!3-(&!6".."2/4+!'(-04&3)!
3,7!04&*6!,!6"#&()"+7!-.!'("*2"'4&)!"*+-!,!)"*;4&!)"+/,+"-*!(&8/"("*;!,!)&("&)!-.!)+&')9!2-3'/+,+"-*)9!-(!)-4/<
+"-*)!,*6!6&3,*6!"*+&('(&+,+"-*9!,*,47)")9!,*6!1/6;3&*+A!
! D66"+"-*,4479!,!.,(!;(&,+&(!*/30&(!-.!'(-04&3)!%,)!0&&*!'(-#"6&6!+%,*!+%&!"*)+(/2+-(!2,*!(&,)-*,047!
/)&!"*!,!)"*;4&!-..&("*;!-.!+%&!2-/()&A!D*!,4+&(*,+"#&!)&+!-.!'(-04&3)!)"3"4,(!"*!*,+/(&!,*6!2-#&(,;&!+-!+%&!
."()+!)&+!-.!'(-04&3)!")!'(-#"6&6!)-!+%,+!,))";*3&*+)!)"3"4,(!"*!2-#&(,;&!,*6!6".."2/4+7!2,*!0&!#,("&6!.(-3!
)&3&)+&(!+-!)&3&)+&(A!
! ! !
"#!
https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky https://www.stuvia.com/user/gabrielucky
