ASSIGNMENT CLASSIFICATION TABLE

Solutions Manual for Accounting Principles IFRS Version, 1st Edition, Global Edition Weygandt, Kimmel, Kieso (All Chapters Download link at the end of this file) 1 / 4

CHAPTER 1

Accounting in Action

ASSIGNMENT CLASSIFICATION TABLE

Learning Objectives

Questions Brief Exercises

Do It!

Exercises

Problems

• Identify the activities and

users associated with accounting.

1, 2, 3, 4, 5 1 1, 2

• Explain the building blocks of

accounting: ethics, principles,

and assumptions.

6, 7, 8, 9, 10 2 3

• State the accounting

equation, and define its components.

11, 12, 13, 22 1, 2, 3, 4, 5, 6 3 5 1

• Analyze the effects of

business transactions on the accounting equation.

14, 15, 16, 18 7, 8, 9 4 6, 7, 8 1, 2, 4, 5

• Describe the four financial

statements and how they are prepared.

17, 19, 20, 21 10, 11 5 9, 10, 11, 12,

13, 14, 15, 16,

17, 18

2, 3, 4, 5

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ASSIGNMENT CHARACTERISTICS TABLE

Problem Number

Description Difficulty Level Time Allotted (min.)

• Analyze transactions and compute net income. Moderate 40–50

• Analyze transactions and prepare income statement,

owner’s equity statement, and statement of financial position.Moderate 50–60

• Prepare income statement, owner’s equity statement, and

statement of financial position.Moderate 50–60

• Analyze transactions and prepare financial statements. Moderate 40–50

• Determine financial statement amounts and prepare

owner’s equity statement.Moderate 40–50

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WEYGANDT ACCOUNTING PRINCIPLES IFRS 1E

CHAPTER 1

ACCOUNTING IN ACTION

Number LO BT Difficulty Time (min.) BE1 3 AP Simple 2–4 BE2 3 AP Simple 3–5 BE3 3 AP Moderate 4–6 BE4 3 AP Moderate 4–6 BE5 3 C Simple 2–4 BE6 3 C Simple 2–4 BE7 4 C Simple 2–4 BE8 4 C Simple 2–4 BE9 4 C Simple 1–2 BE10 5 AP Simple 3–5 BE11 5 C Simple 2–4 DI1 1 K Simple 2–4 DI2 2 K Simple 2–4 DI3 3 AP Simple 6–8 DI4 4 AP Moderate 8–10 DI5 5 AP Moderate 10–12 EX1 1 C Moderate 5–7 EX2 1 C Simple 6–8 EX3 2 C Moderate 6–8 EX4 2 C Moderate 6–8 EX5 3 C Simple 4–6 EX6 4 C Simple 6–8 EX7 4 C Simple 4–6 EX8 4 AP Moderate 12–15 EX9 5 AP Simple 12–15 EX10 5 AP Moderate 8–10 EX11 5 AP Moderate 6–8 EX12 5 AP Simple 8–10 EX13 5 AN Simple 8–10 EX14 5 AP Simple 10–12 EX15 5 AP Simple 6–8 EX16 5 AP Moderate 6–8 EX17 5 AP Moderate 6–8 EX18 5 C Simple 2–4

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