solution manual for accounting principles volume 1 and volume 2 9th canadian edition

Weygandt,MKieso,MKimmel,MTrenholm,MWarren,MNov AccountingMPrinciples,MNinthMCanadianMEditio
ak n




CHAPTER 1 M




Accounting in Action M M




Learning Objectives
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1. Identify the use and users of accounting and the objective o
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ffinancial reporting.
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2. Compare the different forms of business organization.
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3. Explain the building blocks of accounting: ethics and th
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e concepts included in the conceptual framework.
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4. Describe the components of the financial statements an
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d explain the accounting equation.
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5. Analyze the effects of business transactions on th
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e accounting equation.
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6. Prepare financial statements.
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Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO
M BT Item LO M BT Item LO M BT Item LO BT M


Questions
1. 1 C M 5. 3 C M 9. 3 C M 13. 4 KM 17. 5 C M


2. 1 C M 6. 3 K M 10. 3 C M 14. 4 KM 18. 5 AP
3. 1 C 7. 3 K 11. 3 C 15. 4 C 19. 6 MK
4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
Brief Exercises
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1. 1 K M 5. 3 C M 9. 4 AP M 13. 5 AP 17.
M 6 AP M


2. 2 CM 6. 3 C M 10. 4 AP M 14. 4,5 AP 18.
M 6 AP
3. 3 AN 7. 4 C 11. 4 K 15. 4,6 AP
4. 3 C 8. 4 AP 12. 5 AP 16. 6 AP
Exercises
1. 1 C M 5. 1,3,5 K M 9. 3,5,6 C M 13. 4,5 AP 17.
M 6 AP
2. 1 C M 6. 4 AP M 10. 5 C M 14. 6 AP M


3. 2 C 7. 4 AP 11. 5 C 15. 6 AP
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. 2,3 AP
M M 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
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3. 4 AP 6. 4,6 AP 9. 6 AP




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Legend: The following abbreviations will appear throughout thesolu
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tions manual file.
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LO Learning objective M


Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
AN Analysis
S Synthesis
E Evaluation
Difficulty: Level of difficulty
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S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes
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AACSB Association to Advance Collegiate Schools of Busines
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s Communication
M Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking M Reflective Thinking M


CPA CMM CPA Canada Competency Map
M M M


Ethics Professional and Ethical Behaviour M M M


PS and DM
M M Problem-Solving and Decision-Making M M


Comm. Communication
Self-Mgt. Self-Management
Team & Lead M Teamwork and Leadership
M M M


Reporting Financial Reporting M


Stat. & Gov.
M M Strategy and Governance M M


Mgt. Accounting
M Management Accounting M


Audit Audit and Assurance M M


Finance Finance
Tax Taxation



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ASSIGNMENT CLASSIFICATION TABLE
M M




Brief Problems Problems
LearningMObjectives Questions Exercises Exercises SetMA SetMB

1.MIdentifyMtheMuseMan 1,M2,M3 1 1,M2,M5 1 1
dMusersMofMaccounti
ngMandMtheMobjectiv
eMofMfinancialMreport
ing.
2.MCompareMtheMdifferen 4 2 3, 2 2
tMformsMofMbusinessMo
rganization.

3.MExplainMtheMbuildingM 5,M6,M7,M8, 3,M4,M5,M6 3,M4,M5,M9, 2,M5,M7, 2,M5,M7,M11
blocksMofMaccounting 9,M10,M11 10 11
:MethicsMandMtheMconc
eptsMincludedMinMtheM
conceptual
framework.
4.MDescribeMtheMcompo 12,M13,M14. 7,M8,M9, 6,M7,M13 3,M4,M6,M7, 3,M4,M6,M7,
nentsMofMtheMfinancia 15,M16 10,M11,M15 8,M11 8,M11
lMstatementsMandMex
plainMtheMaccounting
Mequation.



5.MAnalyzeMtheMeffectsMo 17,M18 12,M13,M14 5,M8,M9, 5,M7,M8, 6,M7,M8,M9,
fMbusinessMtransaction 10,M11, 11 10,M11
sMonMtheMaccountingMe 12,M13
quation.

6.MPrepareMfinancia 19,M20 14,M15,M16 9,M14,M15, 6,M7,M8,M9, 2,M5,M7,M11
lMstatements. 17,M18 16,M17 10,M11




SolutionsMManua 1.4 ChapterM
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