Financial Accounting with IFRS, 4th Edition (Weygandt) – Instructor's Solution Manual

Financial Accounting with IFRS Latest Edition - Weygandt Solution Manual



CHAPTER 1

Accounting in Action


ASSIGNMENT CLASSIFICATION TABLE


Brief
Questions Exercises
Learning Objectives Exercises Do It! Problems



1. Identify the activities and users 1, 2, 3, 4, 5 1 1, 2
associated with accounting.



2. Explain the building blocks of 6, 7, 8, 9, 10 2 3, 4
accounting: ethics, principles,
and assumptions.



3. State the accounting equation, 11, 12, 13, 22 1, 2, 3, 4, 5, 6 3 5 1
and define its components.



4. Analyze the effects of business 14, 15, 16, 18 7, 8, 9 4 6, 7, 8 1, 2, 4, 5
transactions on the accounting
equation.



5. Describe the five financial 17, 19, 20, 21 10, 11 5 9, 10, 11, 12, 2, 3, 4, 5
statements and how they are 13, 14, 15, 16,
prepared. 17, 18

,ASSIGNMENT CHARACTERISTICS TABLE


Problem Difficulty Time Allotted
(min.)
Number Description Level



1 Analyze transactions and compute net income. Moderate 40–50



2 Analyze transactions and prepare income statement, Moderate 50–60
retained earnings statement, and statement of financial
position.


3 Prepare income statement, retained earnings statement, Moderate 50–60
and statement of financial position.


4 Analyze transactions and prepare financial statements. Moderate 40–50



5 Determine financial statement amounts and prepare Moderate 40–50
retained earnings statement.

, WEYGANDT FINANCIAL ACCOUNTING IFRS 4E
CHAPTER 1
ACCOUNTING IN ACTION


Number LO BT Difficulty Time (min.)

BE1 3 AP Simple 2–4

BE2 3 AP Simple 3–5

BE3 3 AP Moderate 4–6

BE4 3 AP Moderate 4–6

BE5 3 C Simple 2–4

BE6 3 C Simple 2–4

BE7 4 C Simple 2–4

BE8 4 C Simple 2–4

BE9 4 C Simple 1–2

BE10 5 AP Simple 3–5

BE11 5 C Simple 2–4

DI1 1 K Simple 2–4

DI2 2 K Simple 2–4

DI3 3 AP Simple 6–8

DI4 4 AP Moderate 8–10

DI5 5 AP Moderate 10–12

EX1 1 C Moderate 5–7

EX2 1 C Simple 6–8

, EX3 2 C Moderate 6–8

EX4 2 C Moderate 6–8

EX5 3 C Simple 4–6

EX6 4 C Simple 6–8

EX7 4 C Simple 4–6

EX8 4 AP Moderate 12–15

EX9 5 AP Simple 12–15

EX10 5 AP Moderate 8–10

EX11 5 AP Moderate 6–8

EX12 5 AP Simple 8–10

EX13 5 AN Simple 8–10

EX14 5 AP Simple 10–12

EX15 5 AP Simple 6–8

EX16 5 AP Moderate 6–8

EX17 5 AP Moderate 6–8

EX18 5 C Simple 2–4