Solution Manual for Accounting Principles Volume 1 &
Volume 2, 9th Canadian Edition Jerry J. Weygandt,
Verified Chapters 1 – 20
,TABLE OF CONTENTS
Volume 1
1. Accounting in Action 2.
The Recording Process 3.
Adjusting the Accounts
4. Completion of the Accounting Cycle
5. Accounting for Merchandising Operations 6.
Inventory Costing
7. Internal Control and Cash 8.
Accounting for Receivables 9.
Long-Lived Assets
10. Current Liabilities and Payroll
Volume 2
9. Long-Lived Assets
10. Current Liabilities and Payroll 11.
Financial Reporting Concepts 12.
Accounting for Partnerships 13.
Introduction to Corporations
14. Corporations: Additional Topics and IFRS 15. Non-
Current Liabilities
16. Investments
17. The Cash Flow Statement
18. Financial Statement Analysis
, CHAPTER 1
Accounting in Action
Learning Objectives
1. Identify the use and users of accounting and the objective of financial
reporting.
2. Compare the different forms of business organization.
3. Explain the building blocks of accounting: ethics and the concepts
included in the conceptual framework.
4. Describe the components of the financial statements and explain
the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
, Summary Rof RQuestions Rby RLearning RObjectives Rand RBloom‘s RTaxonomy
Item R LO BT Item LO BT Item R R LO BT Item R LO BT Item RLO BT
Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
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
BriefRExercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 C 6. 3 C 10. 4 AP 14. 4,5 AP 18. 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 5. 1,3,5 K 9. 3,5,6 C 13. 4,5 AP 17. 6 AP
2. 1 C 6. 4 AP 10. 5 C 14. 6 AP
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. R 2,3 R R AP 5. 3,5 C 8. 4,5,6 AP 11. R3,4,5,6 RAP
3. 4 AP 6. 4,6 AP 9. 6 AP
Volume 2, 9th Canadian Edition Jerry J. Weygandt,
Verified Chapters 1 – 20
,TABLE OF CONTENTS
Volume 1
1. Accounting in Action 2.
The Recording Process 3.
Adjusting the Accounts
4. Completion of the Accounting Cycle
5. Accounting for Merchandising Operations 6.
Inventory Costing
7. Internal Control and Cash 8.
Accounting for Receivables 9.
Long-Lived Assets
10. Current Liabilities and Payroll
Volume 2
9. Long-Lived Assets
10. Current Liabilities and Payroll 11.
Financial Reporting Concepts 12.
Accounting for Partnerships 13.
Introduction to Corporations
14. Corporations: Additional Topics and IFRS 15. Non-
Current Liabilities
16. Investments
17. The Cash Flow Statement
18. Financial Statement Analysis
, CHAPTER 1
Accounting in Action
Learning Objectives
1. Identify the use and users of accounting and the objective of financial
reporting.
2. Compare the different forms of business organization.
3. Explain the building blocks of accounting: ethics and the concepts
included in the conceptual framework.
4. Describe the components of the financial statements and explain
the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
, Summary Rof RQuestions Rby RLearning RObjectives Rand RBloom‘s RTaxonomy
Item R LO BT Item LO BT Item R R LO BT Item R LO BT Item RLO BT
Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
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
BriefRExercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 C 6. 3 C 10. 4 AP 14. 4,5 AP 18. 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 5. 1,3,5 K 9. 3,5,6 C 13. 4,5 AP 17. 6 AP
2. 1 C 6. 4 AP 10. 5 C 14. 6 AP
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. R 2,3 R R AP 5. 3,5 C 8. 4,5,6 AP 11. R3,4,5,6 RAP
3. 4 AP 6. 4,6 AP 9. 6 AP
