Solutions Manual For Accounting Principles 7th Canadian Edition, 7e
@ @ @ @ @ @ @ @ @@
Weygandt Donald KiesoKimmel Trenholm Warren Novak
@ @ @ @ @
CHAPTER 1 @
Accounting in Action @ @
ASSIGNMENT CLASSIFICATION TABLE
@ @
Brief@Ex Problems@ Problems
Learning@Objectives Questions ercises Exercises Set@A @Set@B
1.@Identify@the@use@an 1,@2,@3 1 1,@2,@5 1 1
d@users@of@account
ing@and@the@objecti
ve@of@financial@rep
orting.
2.@Compare@differen 4 2 3, 2 2
t@forms@of@busine
ss@organization.
3.@Explain@the@building@ 5,@6,@7,@8, 3,@4,@5,@6 4,@5,@9,@10 2,@5,@7, 2,@5,@7,@11
blocks@of@accounting: 9,@10,@11 11
@ethics@and@the@conc
epts@included@in
the@conceptual@framew
ork.
4.@Describe@the@compon 12,@13,@14. 7,@8,@9, 6,@7,@13 3,@4,@6,@7, 3,@4,@6,@7,
ents@of@the@financial@s 15,@16 10,@11,@15 8,@11 8,@11
tatements@and@explain
@the@accounting@equati
on.
5.@Analyze@the@effects@ 17,@18 12,@13,@14 5,@8,@9, 5,@7,@8, 6,@7,@8,@9,
of@business@transacti 10,@11, 11 10,@11
ons@on@the@accounti 12,@13
ng@equation.
6.@Prepare@financial@state 19,@20 14,@15,@16 9,@14,@15, 6,@7,@8,@9, 2,@5,@7,@11
ments. 17,@18 16,@17 10,@11
Solutions@Manua 1-1 Chapter@
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,Weygandt,@Kieso,@Kimmel,@Trenholm,@Warren,@Nov Accounting@Principles,@Seventh@Canadian@Editi
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ASSIGNMENT CHARACTERISTICS TABLE
@ @
Problem@N Difficulty Time
umber Description @Level Allotted@(min.)
1A Identify@users@and@use@of@accounting@information. Simple 15-20
2A Determine@forms@of@business@organization@and@t Simple 15-20
ypes@of@accounting@standards.
3A Determine@missing@items. Moderate 20-25
4A Classify@accounts@and@prepare@accounting@equat Simple 20-30
ion.
5A Assess@accounting@treatment. Moderate 20-25
6A Analyze@transactions@and@calculate@owner’s@equity Simple 35-45
.
7A Analyze@transactions@and@prepare@balance@sheet. Simple 40-50
8A Analyze@transactions@and@prepare@financial@state Moderate 40-50
ments.
9A Prepare@financial@statements. Simple 35-45
10A Determine@missing@amounts,@and@comment. Moderate 35-45
11A Discuss@errors@and@prepare@corrected@balance@s Moderate 45-55
heet.
1B Identify@users@and@use@of@accounting@information. Simple 15-20
2B Determine@forms@of@business@organization@and@t Simple 15-20
ypes@of@accounting@standards.
3B Determine@missing@items. Moderate 20-25
4B Classify@accounts@and@prepare@accounting@equat Simple 20-30
ion.
5B Assess@accounting@treatment. Moderate 20-25
6B Analyze@transactions@and@calculate@owner’s@equity Simple 35-45
.
7B Analyze@transactions@and@prepare@balance@sheet. Simple 40-50
8B Analyze@transactions@and@prepare@financial@state Moderate 40-50
ments.
9B Prepare@financial@statements. Simple 35-45
10B Determine@missing@amounts,@and@comment. Moderate 35-45
11B Discuss@errors@and@prepare@corrected@balance@s Moderate 45-55
heet.
Solutions@Manua 1-2 Chapter@
l 1
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,Weygandt,@Kieso,@Kimmel,@Trenholm,@Warren,@Nov Accounting@Principles,@Seventh@Canadian@Editi
ak on
BLOOM’S TAXONOMY TABLE
@ @
Correlation@Chart@between@Bloom’s@Taxonomy,@Learning@Objectives@and@End-
of-@Chapter@Material
Evaluat
Learning@Objective Knowledge Comprehension Application Analysis Synthesis @ion
1.@ Identify@ the@ use@ and Q1-3 Q1-1 P1-1A
users@of@accounting BE1-1 Q1-2 P1-1B
and@the@objective@of E1-5 E1-1
financial@reporting. E1-2
2.@Compare@differen Q1- P1-
t@forms@of@busin 4@BE 2A@P1-
ess@organization@ 1- 2B@P1-
. 2@BE 11B
1-4
BE1-10
E1-3
E1-7
3.@Explain@the@building@ Q1- Q1- P1- BE1-3
blocks@of@accounting: 6@Q 5@Q1- 2A@P
@ethics@and@the@con 1- 8@Q1- 1-
cepts@included@in@th 7@E 9@Q1- 2B@P
e@conceptual@framew 1-5 10@Q 1-
ork. 1-11 3A@P
BE1- 1-
4@BE 3B@P
1-5 1-7A
P1-
7B@P1-
11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.@ Describe@the Q1-12 BE1-7 BE1-8
components@of@the Q1-13 BE1-9
financial@statements Q1-14 BE1-10
and@explain@the Q1-16 BE1-14
accounting@equation. BE1-11 BE1-
15@E1-
6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
Solutions@Manua 1-3 Chapter@
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BLOOM’S TAXONOMY TABLE (Continued)
@ @ @
Evaluat
Learning@Objective Knowledge Comprehension Application Analysis Synthesis @ion
5.@ Analyze@the@effects Q1-19 Q1-17 Q1-18
of@business E1-5 Q1-20 BE1-12
transactions@on@the E1-8 BE1-13
accounting@equation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.@ Prepare@financial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
Broadening@Your BYP1-1 Santé@Saga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-@6 BYP1-5
Solutions@Manua 1-4 Chapter@
l 1
.
@ @ @ @ @ @ @ @ @@
Weygandt Donald KiesoKimmel Trenholm Warren Novak
@ @ @ @ @
CHAPTER 1 @
Accounting in Action @ @
ASSIGNMENT CLASSIFICATION TABLE
@ @
Brief@Ex Problems@ Problems
Learning@Objectives Questions ercises Exercises Set@A @Set@B
1.@Identify@the@use@an 1,@2,@3 1 1,@2,@5 1 1
d@users@of@account
ing@and@the@objecti
ve@of@financial@rep
orting.
2.@Compare@differen 4 2 3, 2 2
t@forms@of@busine
ss@organization.
3.@Explain@the@building@ 5,@6,@7,@8, 3,@4,@5,@6 4,@5,@9,@10 2,@5,@7, 2,@5,@7,@11
blocks@of@accounting: 9,@10,@11 11
@ethics@and@the@conc
epts@included@in
the@conceptual@framew
ork.
4.@Describe@the@compon 12,@13,@14. 7,@8,@9, 6,@7,@13 3,@4,@6,@7, 3,@4,@6,@7,
ents@of@the@financial@s 15,@16 10,@11,@15 8,@11 8,@11
tatements@and@explain
@the@accounting@equati
on.
5.@Analyze@the@effects@ 17,@18 12,@13,@14 5,@8,@9, 5,@7,@8, 6,@7,@8,@9,
of@business@transacti 10,@11, 11 10,@11
ons@on@the@accounti 12,@13
ng@equation.
6.@Prepare@financial@state 19,@20 14,@15,@16 9,@14,@15, 6,@7,@8,@9, 2,@5,@7,@11
ments. 17,@18 16,@17 10,@11
Solutions@Manua 1-1 Chapter@
l 1
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,Weygandt,@Kieso,@Kimmel,@Trenholm,@Warren,@Nov Accounting@Principles,@Seventh@Canadian@Editi
ak on
ASSIGNMENT CHARACTERISTICS TABLE
@ @
Problem@N Difficulty Time
umber Description @Level Allotted@(min.)
1A Identify@users@and@use@of@accounting@information. Simple 15-20
2A Determine@forms@of@business@organization@and@t Simple 15-20
ypes@of@accounting@standards.
3A Determine@missing@items. Moderate 20-25
4A Classify@accounts@and@prepare@accounting@equat Simple 20-30
ion.
5A Assess@accounting@treatment. Moderate 20-25
6A Analyze@transactions@and@calculate@owner’s@equity Simple 35-45
.
7A Analyze@transactions@and@prepare@balance@sheet. Simple 40-50
8A Analyze@transactions@and@prepare@financial@state Moderate 40-50
ments.
9A Prepare@financial@statements. Simple 35-45
10A Determine@missing@amounts,@and@comment. Moderate 35-45
11A Discuss@errors@and@prepare@corrected@balance@s Moderate 45-55
heet.
1B Identify@users@and@use@of@accounting@information. Simple 15-20
2B Determine@forms@of@business@organization@and@t Simple 15-20
ypes@of@accounting@standards.
3B Determine@missing@items. Moderate 20-25
4B Classify@accounts@and@prepare@accounting@equat Simple 20-30
ion.
5B Assess@accounting@treatment. Moderate 20-25
6B Analyze@transactions@and@calculate@owner’s@equity Simple 35-45
.
7B Analyze@transactions@and@prepare@balance@sheet. Simple 40-50
8B Analyze@transactions@and@prepare@financial@state Moderate 40-50
ments.
9B Prepare@financial@statements. Simple 35-45
10B Determine@missing@amounts,@and@comment. Moderate 35-45
11B Discuss@errors@and@prepare@corrected@balance@s Moderate 45-55
heet.
Solutions@Manua 1-2 Chapter@
l 1
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,Weygandt,@Kieso,@Kimmel,@Trenholm,@Warren,@Nov Accounting@Principles,@Seventh@Canadian@Editi
ak on
BLOOM’S TAXONOMY TABLE
@ @
Correlation@Chart@between@Bloom’s@Taxonomy,@Learning@Objectives@and@End-
of-@Chapter@Material
Evaluat
Learning@Objective Knowledge Comprehension Application Analysis Synthesis @ion
1.@ Identify@ the@ use@ and Q1-3 Q1-1 P1-1A
users@of@accounting BE1-1 Q1-2 P1-1B
and@the@objective@of E1-5 E1-1
financial@reporting. E1-2
2.@Compare@differen Q1- P1-
t@forms@of@busin 4@BE 2A@P1-
ess@organization@ 1- 2B@P1-
. 2@BE 11B
1-4
BE1-10
E1-3
E1-7
3.@Explain@the@building@ Q1- Q1- P1- BE1-3
blocks@of@accounting: 6@Q 5@Q1- 2A@P
@ethics@and@the@con 1- 8@Q1- 1-
cepts@included@in@th 7@E 9@Q1- 2B@P
e@conceptual@framew 1-5 10@Q 1-
ork. 1-11 3A@P
BE1- 1-
4@BE 3B@P
1-5 1-7A
P1-
7B@P1-
11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.@ Describe@the Q1-12 BE1-7 BE1-8
components@of@the Q1-13 BE1-9
financial@statements Q1-14 BE1-10
and@explain@the Q1-16 BE1-14
accounting@equation. BE1-11 BE1-
15@E1-
6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
Solutions@Manua 1-3 Chapter@
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ak on
BLOOM’S TAXONOMY TABLE (Continued)
@ @ @
Evaluat
Learning@Objective Knowledge Comprehension Application Analysis Synthesis @ion
5.@ Analyze@the@effects Q1-19 Q1-17 Q1-18
of@business E1-5 Q1-20 BE1-12
transactions@on@the E1-8 BE1-13
accounting@equation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.@ Prepare@financial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
Broadening@Your BYP1-1 Santé@Saga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-@6 BYP1-5
Solutions@Manua 1-4 Chapter@
l 1
.
