SOLUTION MANUAL
All Chapters Included
,Financial And Managerial Accounting 4th Edition by Jerry J Weygandt,
Paul D Kimmel, Jill E Mitchel
CHAPTER 1 Accounting in Action .................................................................................................... 6
ANSWERS TO QUESTIONS ................................................................................................................................
SOLUTIONS TO BRIEF EXERCISES ....................................................................................................................
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................... 1
SOLUTIONS TO EXERCISES .............................................................................................................................18
CHAPTER 2 .................................................................................................................................... 4
The Recording Process .................................................................................................................................... 4
ANSWERS TO QUESTIONS .............................................................................................................................. 4
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................. 50
SOLUTIONS FOR DO IT! REVIEW EXERCISES ................................................................................................ 5
SOLUTIONS TO EXERCISES ............................................................................................................................ 58
SOLUTIONS TO PROBLEMS .............................................................................................................................7
CHAPTER 3 ...................................................................................................................................100
Adjusting the Accounts ..................................................................................................................................100
ANSWERS TO QUESTIONS .............................................................................................................................10
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................10
SOLUTIONS FOR DO IT! EXERCISES ..............................................................................................................11
SOLUTIONS TO EXERCISES ........................................................................................................................... 11
SOLUTIONS TO PROBLEMS ........................................................................................................................... 13
CHAPTER 4 ................................................................................................................................... 17
Completing the Accounting Cycle .................................................................................................................. 17
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................ 17
SOLUTIONS FOR DO IT! REVIEW EXERCISES ...............................................................................................18
SOLUTIONS TO EXERCISES ...........................................................................................................................18
CHAPTER 5 .................................................................................................................................. 298
Accounting for Merchandising Operations ................................................................................................... 298
ANSWERS TO QUESTIONS ............................................................................................................................300
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 30
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 310
SOLUTIONS TO EXERCISES ........................................................................................................................... 31
CHAPTER 6 .................................................................................................................................. 37
Inventories .................................................................................................................................................... 37
ANSWERS TO QUESTIONS ............................................................................................................................ 38
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................38
SOLUTIONS TO EXERCISES .......................................................................................................................... 39
SOLUTIONS TO PROBLEMS ........................................................................................................................... 41
CHAPTER 7 .................................................................................................................................. 44
Fraud, Internal Control, and Cash ................................................................................................................ 44
ANSWERS TO QUESTIONS ............................................................................................................................44
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 450
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 45
SOLUTIONS TO EXERCISES .......................................................................................................................... 458
SOLUTIONS TO PROBLEMS ...........................................................................................................................46
CHAPTER 8 .................................................................................................................................. 49
Accounting for Receivables ........................................................................................................................... 49
ANSWERS TO QUESTIONS ............................................................................................................................49
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 49
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,SOLUTIONS FOR DO IT! REVIEW EXERCISES .............................................................................................. 50
SOLUTIONS TO EXERCISES .......................................................................................................................... 50
SOLUTIONS TO PROBLEMS ........................................................................................................................... 51
CHAPTER 9 .................................................................................................................................. 544
Plant Assets, Natural Resources, and Intangible Assets ............................................................................... 54
ANSWERS TO QUESTIONS ............................................................................................................................ 54
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 54
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 55
SOLUTIONS TO EXERCISES .......................................................................................................................... 558
SOLUTIONS TO PROBLEMS ...........................................................................................................................56
CHAPTER 10 ................................................................................................................................ 600
Liabilities ...................................................................................................................................................... 600
ANSWERS TO QUESTIONS ............................................................................................................................600
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 60
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 61
SOLUTIONS TO EXERCISES ...........................................................................................................................61
SOLUTIONS TO PROBLEMS .......................................................................................................................... 630
CHAPTER 11 ................................................................................................................................. 670
Corporations: Organization, Stock Transactions, and Stockholders‘ Equity ................................................670
ANSWERS TO QUESTIONS ............................................................................................................................ 67
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 67
SOLUTIONS FOR DO IT! REVIEW EXERCISES ...............................................................................................68
SOLUTIONS TO EXERCISES .......................................................................................................................... 68
SOLUTIONS TO PROBLEMS ...........................................................................................................................70
CHAPTER 12 ................................................................................................................................. 74
Statement of Cash Flows ...............................................................................................................................74
ANSWERS TO QUESTIONS ............................................................................................................................ 74
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................75
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................... 75
SOLUTIONS TO EXERCISES .......................................................................................................................... 760
SOLUTIONS TO PROBLEMS ...........................................................................................................................77
CHAPTER 13 .................................................................................................................................80
Financial Analysis: The Big Picture .............................................................................................................. 80
ANSWERS TO QUESTIONS ............................................................................................................................80
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 808
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................... 81
SOLUTIONS TO EXERCISES ...........................................................................................................................81
SOLUTIONS TO PROBLEMS .......................................................................................................................... 830
CHAPTER 14 .................................................................................................................................854
Managerial Accounting ................................................................................................................................. 85
ANSWERS TO QUESTIONS ............................................................................................................................85
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 858
SOLUTIONS FOR DO IT! EXERCISES .............................................................................................................86
SOLUTIONS TO EXERCISES .......................................................................................................................... 86
CHAPTER 15 .................................................................................................................................906
Job Order Costing ..........................................................................................................................................90
ANSWERS TO QUESTIONS ............................................................................................................................908
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 91
SOLUTIONS TO EXERCISES ...........................................................................................................................91
SOLUTIONS TO PROBLEMS ...........................................................................................................................92
, CHAPTER 16 ................................................................................................................................. 95
Process Costing ............................................................................................................................................. 95
ANSWERS TO QUESTIONS ............................................................................................................................ 95
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................95
SOLUTIONS FOR DO IT! EXERCISES .............................................................................................................96
SOLUTIONS TO EXERCISES .......................................................................................................................... 96
SOLUTIONS TO PROBLEMS .......................................................................................................................... 98
CHAPTER 17 ................................................................................................................................ 101
Activity-Based Costing ................................................................................................................................. 101
ANSWERS TO QUESTIONS ...........................................................................................................................101
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 101
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................. 1028
SOLUTIONS TO EXERCISES .........................................................................................................................103
SOLUTIONS TO PROBLEMS .........................................................................................................................104
CHAPTER 18 ............................................................................................................................... 107
Cost-Volume-Profit ......................................................................................................................................107
ANSWERS TO QUESTIONS ...........................................................................................................................107
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 107
SOLUTIONS FOR DO IT! EXERCISES ........................................................................................................... 108
SOLUTIONS TO EXERCISES .........................................................................................................................108
SOLUTIONS TO PROBLEMS .........................................................................................................................109
CHAPTER 19 ................................................................................................................................ 112
Cost-Volume-Profit Analysis: Additional Issues .......................................................................................... 112
ANSWERS TO QUESTIONS ...........................................................................................................................112
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 113
SOLUTIONS TO DO IT! EXERCISES ..............................................................................................................1138
SOLUTIONS TO EXERCISES ..........................................................................................................................114
SOLUTIONS TO PROBLEMS ......................................................................................................................... 116
CHAPTER 20 ...............................................................................................................................1200
Incremental Analysis ...................................................................................................................................1200
ANSWERS TO QUESTIONS .......................................................................................................................... 120
SOLUTIONS TO BRIEF EXERCISES ..............................................................................................................120
SOLUTIONS FOR DO IT! EXERCISES ........................................................................................................... 1208
SOLUTIONS TO EXERCISES ......................................................................................................................... 121
CHAPTER 21 ............................................................................................................................... 1249
Pricing ......................................................................................................................................................... 124
ANSWERS TO QUESTIONS ........................................................................................................................... 125
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 125
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................. 1258
SOLUTIONS TO EXERCISES ......................................................................................................................... 126
SOLUTIONS TO PROBLEMS ......................................................................................................................... 127
CHAPTER 22 ............................................................................................................................... 130
Budgetary Planning ..................................................................................................................................... 130
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 1310
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................ 131
SOLUTIONS TO EXERCISES ......................................................................................................................... 131
SOLUTIONS TO PROBLEMS ......................................................................................................................... 133
CHAPTER 23 ............................................................................................................................... 139
Budgetary Control and Responsibility Accounting ...................................................................................... 139
ANSWERS TO QUESTIONS .......................................................................................................................... 139
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All Chapters Included
,Financial And Managerial Accounting 4th Edition by Jerry J Weygandt,
Paul D Kimmel, Jill E Mitchel
CHAPTER 1 Accounting in Action .................................................................................................... 6
ANSWERS TO QUESTIONS ................................................................................................................................
SOLUTIONS TO BRIEF EXERCISES ....................................................................................................................
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................... 1
SOLUTIONS TO EXERCISES .............................................................................................................................18
CHAPTER 2 .................................................................................................................................... 4
The Recording Process .................................................................................................................................... 4
ANSWERS TO QUESTIONS .............................................................................................................................. 4
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................. 50
SOLUTIONS FOR DO IT! REVIEW EXERCISES ................................................................................................ 5
SOLUTIONS TO EXERCISES ............................................................................................................................ 58
SOLUTIONS TO PROBLEMS .............................................................................................................................7
CHAPTER 3 ...................................................................................................................................100
Adjusting the Accounts ..................................................................................................................................100
ANSWERS TO QUESTIONS .............................................................................................................................10
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................10
SOLUTIONS FOR DO IT! EXERCISES ..............................................................................................................11
SOLUTIONS TO EXERCISES ........................................................................................................................... 11
SOLUTIONS TO PROBLEMS ........................................................................................................................... 13
CHAPTER 4 ................................................................................................................................... 17
Completing the Accounting Cycle .................................................................................................................. 17
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................ 17
SOLUTIONS FOR DO IT! REVIEW EXERCISES ...............................................................................................18
SOLUTIONS TO EXERCISES ...........................................................................................................................18
CHAPTER 5 .................................................................................................................................. 298
Accounting for Merchandising Operations ................................................................................................... 298
ANSWERS TO QUESTIONS ............................................................................................................................300
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 30
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 310
SOLUTIONS TO EXERCISES ........................................................................................................................... 31
CHAPTER 6 .................................................................................................................................. 37
Inventories .................................................................................................................................................... 37
ANSWERS TO QUESTIONS ............................................................................................................................ 38
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................38
SOLUTIONS TO EXERCISES .......................................................................................................................... 39
SOLUTIONS TO PROBLEMS ........................................................................................................................... 41
CHAPTER 7 .................................................................................................................................. 44
Fraud, Internal Control, and Cash ................................................................................................................ 44
ANSWERS TO QUESTIONS ............................................................................................................................44
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 450
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 45
SOLUTIONS TO EXERCISES .......................................................................................................................... 458
SOLUTIONS TO PROBLEMS ...........................................................................................................................46
CHAPTER 8 .................................................................................................................................. 49
Accounting for Receivables ........................................................................................................................... 49
ANSWERS TO QUESTIONS ............................................................................................................................49
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 49
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,SOLUTIONS FOR DO IT! REVIEW EXERCISES .............................................................................................. 50
SOLUTIONS TO EXERCISES .......................................................................................................................... 50
SOLUTIONS TO PROBLEMS ........................................................................................................................... 51
CHAPTER 9 .................................................................................................................................. 544
Plant Assets, Natural Resources, and Intangible Assets ............................................................................... 54
ANSWERS TO QUESTIONS ............................................................................................................................ 54
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 54
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 55
SOLUTIONS TO EXERCISES .......................................................................................................................... 558
SOLUTIONS TO PROBLEMS ...........................................................................................................................56
CHAPTER 10 ................................................................................................................................ 600
Liabilities ...................................................................................................................................................... 600
ANSWERS TO QUESTIONS ............................................................................................................................600
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 60
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 61
SOLUTIONS TO EXERCISES ...........................................................................................................................61
SOLUTIONS TO PROBLEMS .......................................................................................................................... 630
CHAPTER 11 ................................................................................................................................. 670
Corporations: Organization, Stock Transactions, and Stockholders‘ Equity ................................................670
ANSWERS TO QUESTIONS ............................................................................................................................ 67
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 67
SOLUTIONS FOR DO IT! REVIEW EXERCISES ...............................................................................................68
SOLUTIONS TO EXERCISES .......................................................................................................................... 68
SOLUTIONS TO PROBLEMS ...........................................................................................................................70
CHAPTER 12 ................................................................................................................................. 74
Statement of Cash Flows ...............................................................................................................................74
ANSWERS TO QUESTIONS ............................................................................................................................ 74
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................75
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................... 75
SOLUTIONS TO EXERCISES .......................................................................................................................... 760
SOLUTIONS TO PROBLEMS ...........................................................................................................................77
CHAPTER 13 .................................................................................................................................80
Financial Analysis: The Big Picture .............................................................................................................. 80
ANSWERS TO QUESTIONS ............................................................................................................................80
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 808
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................... 81
SOLUTIONS TO EXERCISES ...........................................................................................................................81
SOLUTIONS TO PROBLEMS .......................................................................................................................... 830
CHAPTER 14 .................................................................................................................................854
Managerial Accounting ................................................................................................................................. 85
ANSWERS TO QUESTIONS ............................................................................................................................85
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 858
SOLUTIONS FOR DO IT! EXERCISES .............................................................................................................86
SOLUTIONS TO EXERCISES .......................................................................................................................... 86
CHAPTER 15 .................................................................................................................................906
Job Order Costing ..........................................................................................................................................90
ANSWERS TO QUESTIONS ............................................................................................................................908
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................. 91
SOLUTIONS TO EXERCISES ...........................................................................................................................91
SOLUTIONS TO PROBLEMS ...........................................................................................................................92
, CHAPTER 16 ................................................................................................................................. 95
Process Costing ............................................................................................................................................. 95
ANSWERS TO QUESTIONS ............................................................................................................................ 95
SOLUTIONS TO BRIEF EXERCISES ................................................................................................................95
SOLUTIONS FOR DO IT! EXERCISES .............................................................................................................96
SOLUTIONS TO EXERCISES .......................................................................................................................... 96
SOLUTIONS TO PROBLEMS .......................................................................................................................... 98
CHAPTER 17 ................................................................................................................................ 101
Activity-Based Costing ................................................................................................................................. 101
ANSWERS TO QUESTIONS ...........................................................................................................................101
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 101
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................. 1028
SOLUTIONS TO EXERCISES .........................................................................................................................103
SOLUTIONS TO PROBLEMS .........................................................................................................................104
CHAPTER 18 ............................................................................................................................... 107
Cost-Volume-Profit ......................................................................................................................................107
ANSWERS TO QUESTIONS ...........................................................................................................................107
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 107
SOLUTIONS FOR DO IT! EXERCISES ........................................................................................................... 108
SOLUTIONS TO EXERCISES .........................................................................................................................108
SOLUTIONS TO PROBLEMS .........................................................................................................................109
CHAPTER 19 ................................................................................................................................ 112
Cost-Volume-Profit Analysis: Additional Issues .......................................................................................... 112
ANSWERS TO QUESTIONS ...........................................................................................................................112
SOLUTIONS TO BRIEF EXERCISES ............................................................................................................... 113
SOLUTIONS TO DO IT! EXERCISES ..............................................................................................................1138
SOLUTIONS TO EXERCISES ..........................................................................................................................114
SOLUTIONS TO PROBLEMS ......................................................................................................................... 116
CHAPTER 20 ...............................................................................................................................1200
Incremental Analysis ...................................................................................................................................1200
ANSWERS TO QUESTIONS .......................................................................................................................... 120
SOLUTIONS TO BRIEF EXERCISES ..............................................................................................................120
SOLUTIONS FOR DO IT! EXERCISES ........................................................................................................... 1208
SOLUTIONS TO EXERCISES ......................................................................................................................... 121
CHAPTER 21 ............................................................................................................................... 1249
Pricing ......................................................................................................................................................... 124
ANSWERS TO QUESTIONS ........................................................................................................................... 125
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 125
SOLUTIONS TO DO IT! EXERCISES ............................................................................................................. 1258
SOLUTIONS TO EXERCISES ......................................................................................................................... 126
SOLUTIONS TO PROBLEMS ......................................................................................................................... 127
CHAPTER 22 ............................................................................................................................... 130
Budgetary Planning ..................................................................................................................................... 130
SOLUTIONS TO BRIEF EXERCISES .............................................................................................................. 1310
SOLUTIONS FOR DO IT! EXERCISES ............................................................................................................ 131
SOLUTIONS TO EXERCISES ......................................................................................................................... 131
SOLUTIONS TO PROBLEMS ......................................................................................................................... 133
CHAPTER 23 ............................................................................................................................... 139
Budgetary Control and Responsibility Accounting ...................................................................................... 139
ANSWERS TO QUESTIONS .......................................................................................................................... 139
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