ASSIGNMENT CLASSIFICATION TABLE

Principles of Financial Accounting (chapter 1-18) 12e Jerry Weygandt Paul Kimmel Donald Kieso

(Solutions Manual All Chapters)

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Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only) 1-1

CHAPTER 1

Accounting in Action

ASSIGNMENT CLASSIFICATION TABLE

Learning Objectives

Questions Brief Exercises

Do It!

Exercises A 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, 4

• State the accounting

equation, and define its components.

11, 12, 13, 22 1, 2, 3, 4, 5, 8 3, 5 5 1A, 2A 4A

• Analyze the effects of

business transactions on the accounting equation.

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

5A

• 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

2A, 3A, 4A,

5A

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1-2 Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only)

ASSIGNMENT CHARACTERISTICS TABLE

Problem Number

Description Difficulty Level Time Allotted (min.)

1A Analyze transactions and compute net income. Moderate 40–50

2A Analyze transactions and prepare income statement, owner’s equity statement, and balance sheet.Moderate 50–60

3A Prepare income statement, owner’s equity statement, and balance sheet.Moderate 50–60

4A Analyze transactions and prepare financial statements. Moderate 40–50

5A Determine financial statement amounts and prepare owner’s equity statement.Moderate 40–50

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Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only) 1-3

WEYGANDT ACCOUNTING PRINCIPLES 12E

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 4 C Simple 2–4 BE7 4 C Simple 2–4 BE8 3 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 3, 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

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