Canadian Edition Volumes 1 & 2
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SOLUTIONS
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MANUAL
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Jerry J. Weygandt
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Donald E. Kieso
Paul D. Kimmel
Barbara Trenholm
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Christine Warren
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Comprehensive Solutions Manual for Instructors
and Students
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© Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm & Christine
Warren.
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All rights reserved. Reproduction or distribution without permission is prohibited.
© Successhands
, Solutions Manual for Accounting Principles, Ninth Canadian Edition (Volumes 1 & 2)
Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm & Valerie Warren
ISBN: 9781119786603
ST
VOLUME 1
Chapter 1. Accounting in Action
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Chapter 2. The Recording Process
Chapter 3. Adjusting the Accounts
Chapter 4. Completion of the Accounting Cycle
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Chapter 5. Accounting for Merchandising Operations
Chapter 6. Inventory Costing
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Chapter 7. Internal Control and Cash
Chapter 8. Accounting for Receivables
Chapter 9. Long-Lived Assets
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Chapter 10. Current Liabilities and Payroll
VOLUME 2
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Chapter 11. Financial Reporting Concepts
Chapter 12. Accounting for Partnerships
Chapter 13. Introduction to Corporations
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Chapter 14. Corporations—Additional Topics and IFRS
Chapter 15. Non-Current Liabilities
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Chapter 16. Investments
Chapter 17. The Cash Flow Statement
Chapter 18. Financial Statement Analysis
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© Successhands
, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Ninth Canadian Edition
CHAPTER 1
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Accounting in Action
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Learning Objectives
1. Identify the use and users of accounting and the objective of
financial reporting.
2. Compare the different forms of business organization.
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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
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explain the accounting equation.
5. Analyze the effects of business transactions on the
accounting equation.
6. Prepare financial statements.
PNPO
RISO
SVE
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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
SMT
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
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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
ICAO
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
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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
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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
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Solutions Manual 1.2 Chapter 1
© 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.