Solution Manual for Accounting Principles Volume 1 & Volume 2, 9th Canadian Edition Jerry J. Weygandt, Verified Chapters 1 - 20, Complete Newest Version

Weygandt, gKieso, gKimmel, gTrenholm, gWarren, gNovak Accounting gPrinciples, gNinth gCanadian gEdition




Solutions gManual 1.1 Chapter g1
© g2022 gJohn gWiley g& gSons gCanada, gLtd. gUnauthorized gcopying, gdistribution, gor gtransmission gof gthis gpage gis
prohibited.

,Weygandt, gKieso, gKimmel, gTrenholm, gWarren, gNovak Accounting gPrinciples, gNinth gCanadian gEdition




CHAPTER 1 g




Accounting in Action g g




Learning Objectives
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1. Identify the use and users of accounting and the objective of
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financial 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 the
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concepts included in the conceptual framework.
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4. Describe the components of the financial statements and
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explain the accounting equation.
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5. Analyze the effects of business transactions on the
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accounting equation.
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6. Prepare financial statements.
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Solutions gManual 1.2 Chapter g1
© g2022 gJohn gWiley g& gSons gCanada, gLtd. gUnauthorized gcopying, gdistribution, gor gtransmission gof gthis gpage gis
prohibited.

, Weygandt, gKieso, gKimmel, gTrenholm, gWarren, gNovak Accounting gPrinciples, gNinth gCanadian gEdition




Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO
g BT Item LO BT Item LO BT Item LO BT
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Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
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2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 A
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3. 1 g
7. 3 g
11. 3 15. g
4 g
19. 6 P
C K C C
4. 2 8. 3 12. 4 16. 4 20. 6 K
g

K C K K
C
Brief Exercises
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1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
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2. 2 C
g 6. 3 C 10. 4 A g 14. 4,5 A 18.
g 6 A
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3. 3 A
g 7. 4 g
11. 4 P 15. 4,6 P P
4. 3 N 8. 4 C 12. 5 K g 16. 6 A
g

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




Solutions gManual 1.3 Chapter g1
© g2022 gJohn gWiley g& gSons gCanada, gLtd. gUnauthorized gcopying, gdistribution, gor gtransmission gof gthis gpage gis
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, Weygandt, gKieso, gKimmel, gTrenholm, gWarren, gNovak Accounting gPrinciples, gNinth gCanadian gEdition




Legend: The following abbreviations will appear throughout the solutions
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manual file.
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LO Learning objective g



Bloom's
BT Taxonom
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y
K Knowledge
C Comprehension
AP Application
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AN Analysis
S
g Synthesis
E Evaluation
Difficulty: Level of difficulty
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S
g Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes g g g g g



AACSB Association to Advance Collegiate Schools of Business
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Communication
g Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
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CPA CM g CPA Canada Competency Map
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Ethics Professional and Ethical Behaviour g g g



PS and DM
g g Problem-Solving and Decision-Making
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Comm.
g Communication
Self-Mgt. Self-Management
Team & Lead Teamwork and Leadership
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Reporting
g Financial Reporting g



Stat. & Gov.g Strategy and Governance
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Mgt. Accounting
g g Management Accounting g



Audit
g Audit and Assurance g g



Finance Finance
Tax Taxation


Solutions gManual 1.4 Chapter g1
© g2022 gJohn gWiley g& gSons gCanada, gLtd. gUnauthorized gcopying, gdistribution, gor gtransmission gof gthis gpage gis
prohibited.