??
ED
OV
PR
AP
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IA
UV
ST
, TABLE OF CONTENTS
Solutions Manual: Intermediate Accounting Volume 1, 14th
Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J.
ST
McConomy (2025)
UV
Chapter 1. The Canadian Financial Reporting Environment
Chapter 2. Conceptual Framework Underlying Financial Reporting
Chapter 3. Data, Decisions, and Measurement
IA
Chapter 4. Reporting Financial Performance
Chapter 5. Financial Position and Cash Flows
Chapter 6. Revenue Recognition
?_
Chapter 7. Cash and Receivables
Chapter 8. Inventory
AP
Chapter 9. Investments
Chapter 10. Property, Plant, and Equipment: Accounting Model Basics
Chapter 11. Depreciation, Impairment, and Disposition
PR
Chapter 12. Intangible Assets and Goodwill
OV
ED
? ?
, CHAPTER 0
Accounting Cycle Review
ST
SOLUTIONS TO BRIEF EXERCISES
BRIEF EXERCISE 0.1
UV
Assets Liabilities Shareholders’ Equity
(a) + + NE
(b) + NE +
(c) – NE –
IA
LO 1 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting
?_
BRIEF EXERCISE 0.2
Assets = Liabilities + Shareholders’ Equity
AP
Accounts Accounts Bonds Common Retained
Cash + Receivable + Supplies = Payable + Payable + Shares + Earnings
(1) +$60,000 +$60,000
PR
(2) –9,000 –$9,000 Paid
div.
(3) +13,000 –$13,000
OV
(4) +$3,100 +$3,100
LO 1 BT: AP Difficulty: Medium TOT: 5 min. AACSB: Analytic AICPA FC: Reporting
ED
??
, BRIEF EXERCISE 0.3
Assets = Liabilities + Shareholders’
Equity
ST
Cash + Inventory + Machinery = Accounts + Common + Retained
and Payable Shares Earnings
Equipment
UV
(1) -$286,176 +$286,176
(2) +137,590 +$137,590 Issued
shares
IA
(3) +$68,480 +$68,480
?_
LO 1 BT: AP Difficulty: Medium TOT: 3 min. AACSB: Analytic AICPA FC: Reporting
BRIEF EXERCISE 0.4
AP
Debit Credit Normal
Effect Effect Balance
(a) Accounts Payable Decrease Increase Credit
(b) Advertising Expense Increase Decrease Debit
PR
(c) Service Revenue Decrease Increase Credit
(d) Accounts Receivable Increase Decrease Debit
(e) Retained Earnings Decrease Increase Credit
(f) Dividends Increase Decrease Debit
OV
LO 2 BT: K Difficulty: Medium TOT: 4 min. AACSB: None AICPA FC: Reporting
ED
??
ED
OV
PR
AP
?_
IA
UV
ST
, TABLE OF CONTENTS
Solutions Manual: Intermediate Accounting Volume 1, 14th
Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J.
ST
McConomy (2025)
UV
Chapter 1. The Canadian Financial Reporting Environment
Chapter 2. Conceptual Framework Underlying Financial Reporting
Chapter 3. Data, Decisions, and Measurement
IA
Chapter 4. Reporting Financial Performance
Chapter 5. Financial Position and Cash Flows
Chapter 6. Revenue Recognition
?_
Chapter 7. Cash and Receivables
Chapter 8. Inventory
AP
Chapter 9. Investments
Chapter 10. Property, Plant, and Equipment: Accounting Model Basics
Chapter 11. Depreciation, Impairment, and Disposition
PR
Chapter 12. Intangible Assets and Goodwill
OV
ED
? ?
, CHAPTER 0
Accounting Cycle Review
ST
SOLUTIONS TO BRIEF EXERCISES
BRIEF EXERCISE 0.1
UV
Assets Liabilities Shareholders’ Equity
(a) + + NE
(b) + NE +
(c) – NE –
IA
LO 1 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting
?_
BRIEF EXERCISE 0.2
Assets = Liabilities + Shareholders’ Equity
AP
Accounts Accounts Bonds Common Retained
Cash + Receivable + Supplies = Payable + Payable + Shares + Earnings
(1) +$60,000 +$60,000
PR
(2) –9,000 –$9,000 Paid
div.
(3) +13,000 –$13,000
OV
(4) +$3,100 +$3,100
LO 1 BT: AP Difficulty: Medium TOT: 5 min. AACSB: Analytic AICPA FC: Reporting
ED
??
, BRIEF EXERCISE 0.3
Assets = Liabilities + Shareholders’
Equity
ST
Cash + Inventory + Machinery = Accounts + Common + Retained
and Payable Shares Earnings
Equipment
UV
(1) -$286,176 +$286,176
(2) +137,590 +$137,590 Issued
shares
IA
(3) +$68,480 +$68,480
?_
LO 1 BT: AP Difficulty: Medium TOT: 3 min. AACSB: Analytic AICPA FC: Reporting
BRIEF EXERCISE 0.4
AP
Debit Credit Normal
Effect Effect Balance
(a) Accounts Payable Decrease Increase Credit
(b) Advertising Expense Increase Decrease Debit
PR
(c) Service Revenue Decrease Increase Credit
(d) Accounts Receivable Increase Decrease Debit
(e) Retained Earnings Decrease Increase Credit
(f) Dividends Increase Decrease Debit
OV
LO 2 BT: K Difficulty: Medium TOT: 4 min. AACSB: None AICPA FC: Reporting
ED
??
