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SOLUTION MANUAL i
Accounting Principles, 9th Canadian Edition
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Volume 1 & 2 i i
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By Jerry Weygandt, Donald Kieso,
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Accounting Principles, 9th Canadian Edition
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,AccountingPrinciples,9thCanadianEdition
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TABLEOFCONTENTS u u
Volume 1 u
1. AccountinguinuAction
2. TheuRecordinguProcess
3. AdjustingutheuAccounts
4. CompletionuofutheuAccountinguCycle
5. AccountinguforuMerchandisinguOperations
6. InventoryuCosting
7. InternaluControluanduCash
8. AccountinguforuReceivables
9. Long-LiveduAssets
10. CurrentuLiabilitiesuanduPayroll
Volume 2 u
9. Long-LiveduAssets
10. CurrentuLiabilitiesuanduPayroll
11. FinancialuReportinguConcepts
12. AccountinguforuPartnerships
13. IntroductionutouCorporations
14. Corporations:uAdditionaluTopicsuanduIFRS
15. Non-CurrentuLiabilities
16. Investments
17. TheuCashuFlowuStatement
18. FinancialuStatementuAnalysis
CHAPTER1 u
Accounting Principles, 9th Canadian Edition
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,AccountingPrinciples,9thCanadianEdition
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Accounting inAction u u
LearningObjectives
1. Identify the use and users of accounting and the objective offi
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nancialreporting.
2. Compare the different forms of business organization.
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3. Explain the building blocks of accounting: ethics and thec
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oncepts 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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accountingequation. i
6. Preparefinancialstatements.
Accounting Principles, 9th Canadian Edition
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, AccountingPrinciples,9thCanadianEdition u u u u
Summaryof Questions byLearning Objectives and Bloom‘s Taxonomy
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Item LOu iu i Item LO BT Item u iu LO BT Item LO u iu BT Item LO BT ui
Questions
1. 1 C u 5. 3 C u 9. 3 C u 13. 4 Ku 17. 5 Cu
2. 1 C u 6. 3 K u 10. 3 C u 14. 4 Ku 18. 5 AP u
3. 1 C 7. 3 K 11. 3 C 15. 4 C 19. 6 K
4. 2 K 8. 3 C 12. 4 K 16. 4 K 20. 6 C
BriefExercises
1. 1 K u 5. 3 C u 9. 4 AP u 13. 5 AP 17.
u 6 AP u
2. 2 C
u 6. 3 C u 10. 4 AP u 14. 4,5 AP 18.
u 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 u 5. 1,3,5 K u 9. C 13. 4,5 AP 17.
u 6 AP
2. 1 C u 6. 4 AP u 10. 5 C 14. 6 AP u
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. ,4,5,6 AP 10. 6 AN
2. 2,3 AP
u u 5. 3,5 C 8. AP 11. 3,4,5,6 AP
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3. 4 AP 6. 4,6 AP 9. 6 AP
Accounting Principles, 9th Canadian Edition
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