Case Study:Page 966-997

Financial Accoun�ng with Interna�onal Financial Repor�ng Standards, 4e Weygandt, Kimmel, Kieso (Solu�ons Manual All Chapters, 100% Original Verified, A+ Grade) Part 1: Solution Manual: Page 1-965 Part 2:

Case Study:Page 966-997

Part 3: Case Study Answers: Page 998-1052 Part 4: Lecture Notes: Page 1053-1294 1 / 4

Copyright © 2019 WILEY Weygandt Financial Accounting, IFRS, 4/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 Problems 1.Identify the activities and users associated with accounting.

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

2.Explain the building blocks of

accounting: ethics, principles,

and assumptions.

6, 7, 8, 9, 10 2 3, 4

3.State the accounting equation, and define its components.

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

4.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

5.Describe the five 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

Part 1 2 / 4

1-2Copyright © 2019 WILEY Weygandt Financial Accounting, IFRS, 4/e, Solutions Manual (For Instructor Use Only)

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,

retained earnings statement, and statement of financial position.Moderate 50–60

• Prepare income statement, retained earnings statement,

and statement of financial position.Moderate 50–60

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

retained earnings statement.Moderate 40–50 3 / 4

Copyright © 2019 WILEY Weygandt Financial Accounting, IFRS, 4/e, Solutions Manual (For Instructor Use Only) 1-3

WEYGANDT FINANCIAL ACCOUNTING IFRS 4E

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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