Solution Manual for Accounting Principles 9th Canadian Edition Volume 1 and Volume 2 by Jerry J. Weygandt Donald E. Kieso Paul D. Kimmel Barbara Trenholm Wayne Irvine Warren | 2025–2026 Study Guide and Instructor Resource

Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xNinthxCanadianxEdition




SolutionsxManual 1.1 Chapterx1
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,Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xNinthxCanadianxEdition




CHAPTER 1 x




Accounting in Action x x




Learning Objectives
x




1. Identify the use and users of accounting and the objective of fin
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ancial reporting.
x



2. Compare the different forms of business organization.
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3. Explain the building blocks of accounting: ethics and the co
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ncepts 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.
x x x



5. Analyze the effects of business transactions on the a
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ccounting equation. x



6. Prepare financial statements.
x x




SolutionsxManual 1.2 Chapterx1
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, Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xNinthxCanadianxEdition




Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO
x BT Item LO BT Item LO x BT Item LO BT x



Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C x

x x x x

2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
3. 1 x
7. 3 11.x
3 15. 4 x x
19. 6 K x

C K C C
4. 2 8. 3 12. 4 16. 4 20. 6 C
K C K K
Brief Exercises
x



1. 1 K x 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
x

2. 2 C x 6. 3 C 10. 4 A 14. 4,5 A
x x 18. 6 A
x



3. 3 AN 7. 4 11.x
4 P 15. 4,6 P x x P
4. 3 C 8. 4 C 12. 5 K 16. 6 AP
AP
AP AP
Exercises
1. 1 C 5. 1,3,5 K 9. 3,5,6 C 13. 4,5 AP
x 17. 6 AP
x x

2. 1 C 6. 4 AP 10. 5 C 14. 6 A x



3. 2 x
7. 4 A x11. 5 15. 6 P x
x

C C
4. 3 8. 5 P 12. 4,5 16. 6 AP
C AP
C AP
Problems
1. 1 S 4. 4 AP 7. 3,4,5,6 AP 10. 6 AN
2. 2,3 AP x 5. 3,5 C 8. 4,5,6 A 11. 3,4,5,6 AP
x x x



3. 4 AP 6. 4,6 AP 9. 6 P
AP




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Legend: The following abbreviations will appear throughout the solutions
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manual file. x




LO Learning objective x



Bloom's T x



BT axonomy
K Knowledge
C
Comprehension
AP Application
x



AN
Analysis x



S Synthesis
E Evaluation
Difficulty: Level of difficulty
x x x



S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes x x x x x



AACSB Association to Advance Collegiate Schools of Business C
x x x x x x x



ommunication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
x x



CPA CM x CPA Canada Competency Map
x x x



Ethics
Professional and Ethical Behaviour PS x x x x x



and DM x Problem-Solving and Decision- x x



Making Comm. Communication
x



Self-Mgt. Self-Management
Team & Lead x x



Teamwork and Leadership x x x



Reporting Financial Reporting x



Stat. & Gov.
x x



Strategy and Governance x x x



Mgt. Accounting
x




SolutionsxManual 1.4 Chapterx1
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