100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.6 TrustPilot
logo-home
Exam (elaborations)

Solution manual financial accounting tools for business decision making 10th edition kimmel, weygandt j...

Rating
-
Sold
-
Pages
502
Grade
A+
Uploaded on
26-09-2024
Written in
2024/2025

Solution manual for financial accounting tools for business decision making 10th edition paul d kimmel CHAPTER1 IntroductiontoFinancialStatements LearningObjectives 1. 2. 3. *4. Identifytheformsofbusinessorganizationandtheusesofaccountinginformation. Explainthethreeprincipaltypesofbusinessactivity. Describethe fourfinancialstatementsandhowtheyareprepared. Explainthecareer opportunitiesinaccounting. ANSWERSTOQUESTIONS 1. Thethreebasicformsofbusinessorganizationsare(1)soleproprietorship,(2)partnership,and (3)corporation. LO1 BT:K Difficulty:E TOT:1min.AACSB:KnowledgeAICPABC:GovernancePerspective 2. Advantagesofacorporationarelimitedliability(stockholdersnotbeingpersonallyliableforcor poratedebts),easytransferabilityofownership,andeaseofraisingfunds.Disadvantagesofacorporationareincrease d taxationandgovernmentregulations. LO1 BT:K Difficulty:E TOT:1min.AACSB:KnowledgeAICPABC:GovernancePerspective 3. Proprietorshipsandpartnershipsreceivefavorabletaxtreatmentcompared tocorporationsandareeasiertoformthancorporations.Theyarealsoownercontrolled.Disadvantagesofproprietorship sandpartnershipsareunlimitedliability(proprietors/partnersarepersonallyliablefor anddifficultyinobtainingfinancingcomparedtocorporations. LO1 BT:K Difficulty:E TOT:1min.AACSB:KnowledgeAICPABC:GovernancePerspective alldebts) 4.Yes.Companiescanchooseoneofthehybridbusinessforms,limitedliabilitycorporations(LLCs)orsubchapterScorporations ,whichcombinethetaxadvantagesofpartnershipswiththelimitedliabilityofcorporations. LO1 BT:K Difficulty:E TOT:1 min.AACSB:KnowledgeAICPABC:GovernancePerspective 5. Yes.Apersoncannotearnaliving,spendmoney,buyoncredit,makeaninvestment,orpaytaxeswithoutreceiving,using,o rdispensingfinancialinformation.Accountingprovidesfinancialinformationtointerestedusersthroughthe preparationanddistribution offinancialstatements. LO1 BT:C Difficulty:E TOT:1min.AACSB:KnowledgeAICPAAC:Reporting 6. Internalusersaremanagerswhoplan,organize,andrunabusiness.Toassistmanagement,accountingprovidestimelyint ernalreports.Examplesincludefinancialcomparisonsofoperating

Show more Read less
Institution
Financial Accounting Tools For Business Decision
Course
Financial Accounting Tools For Business Decision











Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Institution
Financial Accounting Tools For Business Decision
Course
Financial Accounting Tools For Business Decision

Document information

Uploaded on
September 26, 2024
Number of pages
502
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

0123451678963927
:5696;59279;;136456<7==4>7?@545167
7D
72
5
7
AA BC
25AA BC
7>1@< ?7




-01
23
241
3
574 489212  



!"#"#$#%
&'#('%)!'*'%"!+)!'*!')!!#('!!#*'*"#*!',

-
./

, +
,-./012+34+56787968:+;<8<=>=7<?+87@+AB?67=??+C=96?6D7?EE+
5D9B?+,D>F87G4+H=IJKLMNOPQRSTUV+
,-./012+W4+X7Y=?<67Z+87@+56787967Z+C=96?6D7?+87@+<[=+.99DB7<67Z+;G?<=>EE+
5D9B?+,D>F87G4+,[6FD<:=+\=]6987+^_6::+
,-./012+̀4+aF=_8<67Z+C=96?6D7?+87@+<[=+.99DB7<67Z+;G?<=>E+
5D9B?+,D>F87G4+,[6FD<:=+\=]6987+^_6::+
,-./012+b4+.@cB?<>=7<?d+56787968:+;<8<=>=7<?d+87@+<[=+,:D?67Z+/_D9=??EE+
5D9B?+,D>F87G4+,[6FD<:=+\=]6987+^_6::+
,-./012+e4+,D>>B7698<67Z+87@+.78:Gf67Z+.99DB7<67Z+X7gD_>8<6D7EE+
5D9B?+,D>F87G4+.FF:=+X79V+
,-./012+h4+2=FD_<67Z+87@+X7<=_F_=<67Z+;8:=?+2=Y=7B=d+2=9=6Y8i:=?d+87@+,8?[EE+
5D9B?+,D>F87G4+;j=9[=_?+kV;V.V+
,-./012+l4+2=FD_<67Z+87@+X7<=_F_=<67Z+,D?<+Dg+^DD@?+;D:@+87@+X7Y=7<D_GEE+
5D9B?+,D>F87G4+-8_:=GIC8Y6@?D7d+X79V+
,-./012+m4+2=FD_<67Z+87@+X7<=_F_=<67Z+/_DF=_<Gd+/:87<d+87@+1nB6F>=7<o+X7<87Z6i:=?o+87@+p8<B_8:+2=?DB_9=?EE+
5D9B?+,D>F87G4+5=@1]+,D_FD_8<6D7+
,-./012+q4+2=FD_<67Z+87@+X7<=_F_=<67Z+H68i6:6<6=?E+
5D9B?+,D>F87G4+;<8_iB9j?+
,-./012+3r4+2=FD_<67Z+87@+X7<=_F_=<67Z+AD7@+;=9B_6<6=?EE+
5D9B?+,D>F87G4+.>8fD7+
stuvwxyRzz{RyO|}NL~TRKT€RSTLON|NOL~TRL}U‚ƒ}„€ONQPRxM~L†E+
5D9B?+,D>F87G4+\69_D?Dg<+
,-./012+3W4+;<8<=>=7<+Dg+,8?[+5:D‡?E+
5D9B?+,D>F87G4+p8<6D78:+A=Y=_8Z=+,D_FD_8<6D7+
,-./012+3`4+.78:Gf67Z+56787968:+;<8<=>=7<?EE+
5D9B?+,D>F87G4+0[=+-D>=+C=FD<+
.//1pCXˆ+.4+2=FD_<67Z+87@+X7<=_F_=<67Z+X7Y=?<>=7<?+67+a<[=_+,D_FD_8<6D7?E+
5D9B?+,D>F87G4+0[=+‰8:<+C6?7=G+,D>F87G+
.//1pCXˆ+A4+08_Z=<+,D_FD_8<6D7d+5D_>+3rIŠ+.77B8:+2=FD_<EE+
.//1pCXˆ+,4+‰8:>8_<+X79Vd+5D_>+3rIŠ+.77B8:+2=FD_<E+
.//1pCXˆ+C4+X7@B?<_G+28<6D+2=FD_<EE+
.//1pCXˆ+14+/_=?=7<+87@+5B<B_=+‹8:B=+08i:=? +
+
+
+
5kHH+;aHk0Xap+\.pk.H+5a2+
ŒŽŽ‘’“”•Ž–Ž—’˜˜–™’š›–”Ž’œ”žŸ–’¡¢’£–Ÿ’
’
¡¢’
Œ Ÿ
 ޤ’¥”›— ž+
’
’
’
03156
0789  88888
6
88


 
888
6

56789   !"#$%&"'()*'$*#

, 123456789:
;<=3=><3?8@5356A6=5B83=C8DEB<=6BB8F6><B<G=B:
8
8HI@JKL@8MN8OPK@MQNI@:
8RSTUVVWXYZ[Y\:[]:^:]_]Z̀a:Zb^Z:VWcc̀VZ]:^Yd:efWV`]]`]:g^Y^c_h`]i:a`^]Xf`]i:^Yd:f`VWfd]j:
k[Y^YV[^c:[YkWfa^Z[WY:^lWXZ:^Y:Wf\^Y[h^Z[WY:^Yd:f`eWfZ]:Zb^Z:[YkWfa^Z[WY:ZW:d`V[][WY:
a^m`f]n:
:
oSTp[Y^YV[^c:^VVWXYZ[Y\:[YqWcq`]:ef`e^f^Z[WY:Wk:Zb`:kWXf:l^][V:k[Y^YV[^c:]Z^Z̀a`YZ]:^Yd:f`c^Z̀d:
d[]VcW]Xf`]:kWf:̀rZ̀fY^c:d`V[][WY:a^m`f]n:s^Y^\`f[^c:^VVWXYZ[Y\:[YqWcq`]:Zb`:ef`e^f^Z[WY:Wk:
d`Z^[c̀d:ec^Y]i:lXd\`Z]i:kWf`V^]Z]i:^Yd:e`fkWfa^YV`:f`eWfZ]:kWf:[YZ̀fY^c:d`V[][WY:a^m`f]n:
:
tSTp[Y^YV[^c:f`eWfZ]:^f`:X]`d:l_:lWZb:[YZ̀fY^c:^Yd:̀rZ̀fY^c:\fWXe]:^Yd:[Yd[q[dX^c]n:ub`:[YZ̀fY^c:
\fWXe]:^f`:VWaef[]`d:Wk:Zb`:q^f[WX]:a^Y^\`f]:Wk:Zb`:̀YZ[Z_n:ub`:̀rZ̀fY^c:\fWXe]:[YVcXd`:Zb`:
WvY`f]i:[Yq`]ZWf]i:Vf`d[ZWf]i:\Wq`fYa`YZ^c:^\`YV[`]i:WZb`f:[YZ̀f`]Z̀d:e^fZ[`]i:^Yd:Zb`:eXlc[V:
^Z:c^f\`n:
:
wSTxYq`]ZWf]:eXfVb^]`:^cc:Wf:e^fZ:Wk:^:lX][Y`]]:^Yd:bWe`:ZW:\^[Y:l_:f`V`[q[Y\:e^fZ:Wk:vb^Z:Zb`:
VWae^Y_:̀^fY]:^YdyWf:]`cc[Y\:Zb`[f:WvY`f]b[e:[YZ̀f`]Z:[Y:Zb`:VWae^Y_:[Y:Zb`:kXZXf`:^Z:^:
b[\b`f:ef[V`:Zb^Y:Zb`_:e^[dn:zf`d[ZWf]:c̀Yd:aWY`_:ZW:^:VWae^Y_:kWf:^:]e`V[k[V:c̀Y\Zb:Wk:
Z[a`:^Yd:bWe`:ZW:\^[Y:l_:Vb^f\[Y\:[YZ̀f`]Z:WY:Zb`:cW^Yn:




-01
23
241
3
574 489212  



!"#"#$#%
&'#('%)!'*'%"!+)!'*!')!!#('!!#*'*"#*!',

-
./0

, ,-./01213456789:1725;14<=206>2864015201?71@7A607@12312137B2<28712554C0860=1708689D1E01
2554C0860=170868916318;714<=206>286401A4<1F;65;1A6020562G1@28212<71841?7154GG7587@D1H9B652G1
2554C0860=17086867312<7121?C360733:1215;C<5;:121=4I7<0J7082G1C068:121C06I7<3689120@148;7<1
040B<4A6814<=206>28640313C5;123121;43B682G120@121F7GA2<714<=206>28640D1E1?C360733189B652GG91631
@7A607@120@18<7287@12312137B2<28717086891?752C3718;714F07<3:15<7@684<3:160I7384<3:120@148;7<1
6087<7387@1B2<86731077@18417I2GC28716831B7<A4<J2057120@16831B4870862G137B2<287G91A<4J148;7<1
70868673120@1A<4J168314F07<3D1
1
K-. LMNOPQRPSTMTONOUTP VWTOXUMTYZOP[YTWO1
\]^./054J71_8287J7081 2̀a1_8287J70814A1b2<060=3c1_8287J70814A1
/054J7c1_8287J70814A1dB7<2864031
\e^.f2G20571_;7781 `?a1_8287J70814A1g6020562G1h43686401
\i^.j23;1gG4F1_8287J7081 5̀a11_8287J70814A1j23;1gG4F31
1
k-.H;71;72@60=14A1725;14A18;71A4C<1<7lC6<7@1A6020562G138287J708313;4CG@1605GC@718;71
A4GG4F60=m1
\]^.n2J714A18;717086891
\e^.n2J714A18;7138287J7081
\i^.o28714A18;7138287J708:14<18;71B7<64@14A186J71
\p^.q06814A1J723C<71
1
r-.2̀a1 H;71BC<B43714A18;716054J7138287J7081631841B<73708160A4<J2864012?4C818;71<7I70C73:1
7sB70373:120@18;7107816054J714A12017086891A4<1213B756A67@1B7<64@14A186J7D1
\e^.H;71BC<B43714A18;71?2G205713;7781631841<7B4<818;71A6020562G1B436864014A1201708689128121
=6I701@287:18;28163:1841<7B4<8160A4<J2864012?4C818;71233783:1G62?6G68673120@1tuvwxyvz{|}t~1
7lC68914A18;7170868912314A1213B756A651@287D1
\i^. H;71BC<B43714A18;7138287J70814A1523;1AG4F31631841B<73708160A4<J2864012?4C818;71AG4F14A1
523;1608418;717086891̀34C<573a:18;71AG4F14A1523;14C814A18;717086891̀C373a:120@18;710781
605<723714<1@75<72371601523;1@C<60=18;71B7<64@D1
\p^.H;7138287J70814A1tuvwxyvz{|}t~17lC6891<7B4<8318;715;20=731601725;14A18;71wv€‚ƒ~t„
tuvwxyvz{|}t~„|†‡uƒ12554C0831@C<60=18;712554C0860=1B7<64@:1605GC@60=1633C7120@1
<7BC<5;23714A13845ˆ120@18;71F2918;28107816054J7120@1@638<6?C864014A1@6I6@70@31
2AA7587@18;71<782607@172<060=314A18;7154JB2091@C<60=18;281B7<64@D1
1
‰-.H;716054J7138287J708120@18;7138287J70814A1523;1AG4F312<71@287@1Šg4<18;71‹72<1b0@7@1
o757J?7<1ŒŽ1?752C3718;791<7B4<818;7160AG4F3120@14C8AG4F314A1<734C<5731@C<60=121B7<64@1
4A186J7D1/015408<238:18;71?2G205713;7781631@287@1ŠE81o757J?7<1ŒŽ1?752C371681<7B<7370831
8;71<734C<573:14?G6=286403:120@1tuvwxyvz{|}t~17lC6891281213B756A651@287D1




!04167
289 9999
9
7
99

 

999
7

6789  ! "#$%&'#()*+(%+$

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
reagandave Miami Dade College
View profile
Follow You need to be logged in order to follow users or courses
Sold
276
Member since
4 year
Number of followers
9
Documents
1896
Last sold
1 day ago
The Succesful Student's Vault

"Need to ace your exams? Look no further! This shop provides high-quality, comprehensive study guides and practice questions for high school students in Mathematics, Physics, and Chemistry. As a former top-performing student, I know what it takes to succeed and have designed these materials to be both effective and easy to understand. Boost your grades today!"

3.4

34 reviews

5
13
4
8
3
1
2
2
1
10

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions