Solutions Manual for Accounting Principles, Ninth Canadian Edition By

Solutions Manual for Accounting Principles, Ninth Canadian Edition By Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak (All Chapters)

CHAPTER 1

Accounting in Action Learning Objectives 1.Identify the use and users of accounting and the objective of financial reporting.

2.Compare the different forms of business organization.

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 explain the accounting equation.

5.Analyze the effects of business transactions on the accounting equation.

6.Prepare financial statements. 1 / 4

Solutions Manual for Accounting Principles, Ninth Canadian Edition By Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak

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 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

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

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

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

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 for Accounting Principles, Ninth Canadian Edition By Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak

Legend: The following abbreviations will appear throughout the

solutions manual file.

LO Learning objective BT Bloom's Taxonomy K Knowledge C Comprehension AP Application AN Analysis S Synthesis E Evaluation

Difficulty: Level of difficulty

S Simple M Moderate C Complex

Time: Estimated time to complete in minutes

AACSB Association to Advance Collegiate Schools of Business Communication Communication Ethics Ethics Analytic Analytic Tech. Technology Diversity Diversity Reflec. Thinking Reflective Thinking CPA CM CPA Canada Competency Map Ethics Professional and Ethical Behaviour PS and DM Problem-Solving and Decision-Making Comm. Communication Self-Mgt. Self-Management Team & Lead Teamwork and Leadership Reporting Financial Reporting Stat. & Gov. Strategy and Governance Mgt. Accounting Management Accounting Audit Audit and Assurance Finance Finance Tax Taxation

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Solutions Manual for Accounting Principles, Ninth Canadian Edition By Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak

ASSIGNMENT CLASSIFICATION TABLE

Learning Objectives

Questions Brief Exercises

Exercises Problems Set A Problems Set B

• Identify the use and

users of accounting and the objective of financial reporting.

1, 2, 3

1

1, 2, 5

1

1

• Compare the different

forms of business organization.

4 2 3, 2 2

• Explain the building

blocks of accounting:

ethics and the concepts included in the conceptual framework.

5, 6, 7, 8,

9, 10, 11

3, 4, 5, 6 3, 4, 5, 9,

10

2, 5, 7,

11

2, 5, 7, 11

• Describe the

components of the financial statements and explain the accounting equation.

12, 13, 14.

15, 16

7, 8, 9,

10, 11, 15

6, 7, 13 3, 4, 6, 7,

8, 11

3, 4, 6, 7,

8, 11

• Analyze the effects of

business transactions on the accounting equation.

17, 18 12, 13, 14 5, 8, 9,

10, 11,

12, 13

5, 7, 8,

11

6, 7, 8, 9,

10, 11

• Prepare financial

statements.

19, 20 14, 15, 16

17, 18

9, 14, 15,

16, 17

6, 7, 8, 9,

10, 11

2, 5, 7, 11

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