Volume 2, 9th Canadian Edition Jerry J. Weygandt,
Verified Chapters 1 – 20
,TABLE OF CONTENTS TG TG
Volume 1 TG
1. Accounting in Action
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2. The Recording Process
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TG 3. Adjusting the Account
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s
4. Completion of the Accounting Cycle TG TG TG TG
5. Accounting for Merchandising Operations TG TG TG TGTG
6. Inventory Costing
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7. Internal Control and Cash
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8. Accounting for Receivables
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G9. Long-Lived Assets
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10. Current Liabilities and Payroll
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GVolume 2 TG
9. Long-Lived Assets TG
10. Current Liabilities and Payroll
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11. Financial Reporting Concepts
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12. Accounting for Partnerships 1
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3. Introduction to Corporations
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14. Corporations: Additional Topics and IFRS 1
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5. Non-Current Liabilities
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16. Investments
17. The Cash Flow Statement
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18. Financial Statement Analysis TG TG
, CHAPTER 1 T
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Accounting in Action TG TG
Learning Objectives
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1. Identify the use and users of accounting and the objective of f
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inancial 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 e
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xplain the accounting equation.
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5. Analyze the effects of business transactions on the a
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ccounting equation. TG
6. Prepare financial statements.
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, Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO BT Item LO
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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
Brief Exercises
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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 10. 6 AN
2. 2,3
T G TGT G AP 5. 3,5 C 8. AP4,5,6 A 11. 3,4,5,6 AP
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3. 4 AP 6. 4,6 AP 9. 6 P
A
P