Accounting Principles, 9th Canadian Edition
i i i i
SOLUTION MANUAL i
Accounting Principles, 9th Canadian Edition
i i i i i
Volume 1 & 2 i i i
By Jerry Weygandt, Donald Kieso,
i i i i
Accounting Principles, 9th Canadian Edition
i i i i
,Accounting Principles, 9th Canadian Edition
i i i i
TABLE OF CONTENTS i i
Volume 1 i
1. Accounting iin iAction
2. The iRecording iProcess
3. Adjusting ithe iAccounts
4. Completion iof ithe iAccounting iCycle
5. Accounting ifor iMerchandising iOperations
6. Inventory iCosting
7. Internal iControl iand iCash
8. Accounting ifor iReceivables
9. Long-Lived iAssets
10. Current iLiabilities iand iPayroll
Volume 2 i
9. Long-Lived iAssets
10. Current iLiabilities iand iPayroll
11. Financial iReporting iConcepts
12. Accounting ifor iPartnerships
13. Introduction ito iCorporations
14. Corporations: iAdditional iTopics iand iIFRS
15. Non-Current iLiabilities
16. Investments
17. The iCash iFlow iStatement
18. Financial iStatement iAnalysis
CHAPTER 1 i
Accounting Principles, 9th Canadian Edition
i i i i
,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
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.
Solutions Manual 1.1 Chapter 1
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
Item LO BT Item LO BT Item LO BT Item LO BT Item LO 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
Brief Exercises
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. 2,3 AP 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
Solutions Manual 1.2 Chapter 1
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
i i i i
SOLUTION MANUAL i
Accounting Principles, 9th Canadian Edition
i i i i i
Volume 1 & 2 i i i
By Jerry Weygandt, Donald Kieso,
i i i i
Accounting Principles, 9th Canadian Edition
i i i i
,Accounting Principles, 9th Canadian Edition
i i i i
TABLE OF CONTENTS i i
Volume 1 i
1. Accounting iin iAction
2. The iRecording iProcess
3. Adjusting ithe iAccounts
4. Completion iof ithe iAccounting iCycle
5. Accounting ifor iMerchandising iOperations
6. Inventory iCosting
7. Internal iControl iand iCash
8. Accounting ifor iReceivables
9. Long-Lived iAssets
10. Current iLiabilities iand iPayroll
Volume 2 i
9. Long-Lived iAssets
10. Current iLiabilities iand iPayroll
11. Financial iReporting iConcepts
12. Accounting ifor iPartnerships
13. Introduction ito iCorporations
14. Corporations: iAdditional iTopics iand iIFRS
15. Non-Current iLiabilities
16. Investments
17. The iCash iFlow iStatement
18. Financial iStatement iAnalysis
CHAPTER 1 i
Accounting Principles, 9th Canadian Edition
i i i i
,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
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.
Solutions Manual 1.1 Chapter 1
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
Item LO BT Item LO BT Item LO BT Item LO BT Item LO 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
Brief Exercises
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. 2,3 AP 5. 3,5 C 8. 4,5,6 AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
Solutions Manual 1.2 Chapter 1
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
