SOLUTION MANUAL FOR Accounting Principles, Volume 2, 8th Canadian Edition by by Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel , Barbara Trenholm ISBN: 978-1119502555 COMPLETE GUIDE 100 % VERIFIED A+ GRADE ASSURED!!!!LATEST UPDATE!!!!!

SolutionsrManual 11.1 Chapterr11
.

,Solutions Manual Accounting Principles 8th Canadian Edition (Vol
r r r r r r rr



ume 2) Jerry Weygandt, Donald Kieso, Paul Kimmel, Barbara Trenho
r r r r r r r r rr



lm, ValerieWarren, Lori Novak r r r




CHAPTER 11 r




Financial Reporting Concepts r r




Learning Objectives
r




1. Explain the importance of having a conceptual framework of ac
r r r r r r r r r


counting, and list the key components.
r r r r r


2. Explain the objective of financial reporting, and define the el
r r r r r r r r r


ements of the financial statements.
r r r r


3. Apply the fundamental and enhancing qualitative charact
r r r r r r


eristics of the conceptual framework to financial reporting
r r r r r r r r


situations.
4. Apply the recognition and measurement criteria of the co
r r r r r r r r


nceptual framework to financial reporting situations.
r r r r r


5. Apply the foundational concepts, assumptions, and constraints
r r r r r r r


of the conceptual framework to financial reporting situations.
r r r r r r r




SolutionsrManual 11.2 Chapterr11
.

, Weygandt,rKieso,rKimmel,rTrenholm,rWarren,rNovak AccountingrPrinciples,rEighthrCanadianrEdition




Summary of Questions by Learning Objectives and Bloom’s Taxonomy
r r r r r r r r




Item LO BT Item LO BT Item LO BT Item r LO BT Item LO BT r


Questions
1. 1 C 6. 3 C 11. 3,4 C
r 16. 4 AN 21. 3,5
r C
r r
2. 2 K
r 7. 3 K
r 12. 4 17. 4 K
r r 22. 5
r r
C C
3. 2 8. 3 13. 4 K 18. 4 C r 23. 5 r
C C r
C
4. 2 9. 3 r 14. 4 19. 4 AN 24. 5
K
r K r r

5. 3 10. C
3 15. 4 20. 2,5 C C
K AN
K
Brief Exercises
r


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




SolutionsrManual 11.3 Chapterr11
.

, Weygandt,rKieso,rKimmel,rTrenholm,rWarren,rNovak AccountingrPrinciples,rEighthrCanadianrEdition




Summary of Legend: The following abbreviations will appear throughout th
r r r r r r r r r


e solutions manual file.
r r r




LO Learning objective r


Bloom's T r


BT axonomy
K Knowledge
C
Comprehension
AP Application
r


AN
Analysis r


S Synthesis
E Evaluation
Difficulty: Level of difficulty
r r r


S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes r r r r r


AACSB Association to Advance Collegiate Schools of Business C
r r r r r r r


ommunication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
r r


CPA CM r CPA Canada Competency Map
r r r


Ethics
Professional and Ethical Behaviour PS r r r r r


and DM
r Problem-Solving and Decision- r r


Making Comm. Communication
r


Self-Mgt. Self-Management
Team & Lead r r


Teamwork and Leadership r r r


Reporting Financial Reporting r


Stat. & Gov.
r r


Strategy and Governance r r r


Mgt. Accounting
r


Management Accounting r r



SolutionsrManual 11.4 Chapterr11
.