100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Accounting Principles 7th Canadian Edition Volume 2 - Test Bank CA$32.05   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting Test Banks
  4.  
  5. Accounting Test Banks
  6.  
  7. Accounting Test Banks

Exam (elaborations)

Accounting Principles 7th Canadian Edition Volume 2 - Test Bank

 7 views  0 purchase
  • Course
  • Accounting Test Banks
  • Institution
  • Accounting Test Banks

CHAPTER 11 Financial Reporting Concepts ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Exercises Problems Set A Problems Set B 1. Explain the importance of having a conceptual framework of accounting, and list the key components. 1 1 9 1 1 ...

[Show more]

Preview 4 out of 1114  pages

Document information

  • August 17, 2023
  • 1114
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • accounting principles 7th canadian edition volume
  • test bank

Written for

  • Accounting Test Banks
  • Accounting Test Banks
  • Accounting Test Banks
All documents for this subject (1)

Seller

avatar-seller
ExamsExpert

Reviews received

Content preview

Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition



CHAPTER 9

Long-Lived Assets

ASSIGNMENT CLASSIFICATION TABLE
Brief Problems Problems
Learning Objectives Questions Exercises Exercises Set A Set B

1. Calculate the cost of 1, 2, 3, 4, 1, 2, 3, 4 1, 2, 3, 12 1, 2, 3, 4, 1, 2, 3, 4,
property, plant, and 5 6 6
equipment.

2. Apply depreciation 6, 7, 8, 9, 5, 6, 7, 8, 2, 3, 4, 5, 2, 3, 6, 7, 2, 3, 6, 7,
methods to property, plant, 9 12 8, 9 8, 9, 12
and equipment.

3. Explain the factors that 9, 10, 11, 10, 11 6, 7, 8 4, 5, 6, 12 4, 5, 6
cause changes in periodic 12, 13,
depreciation and calculate
revised depreciation for
property, plant, and
equipment.

4. Demonstrate how to 14, 15, 12, 13, 14 9, 10 6, 7, 8, 9 6, 7, 8, 9
account for property, plant, 16, 17,
and equipment disposals.

5. Record natural resource 18, 19, 20 15 11 12 12
transactions and calculate
depletion.

6. Identify the basic 21, 22 16 12, 13, 14 10, 11 10, 11
accounting issues for
intangible assets and
goodwill.

7. Illustrate the reporting and 23, 24 17, 18, 19 15, 16 9, 11, 12, 9, 11, 12,
analysis of long-lived assets. 13 13




Solutions Manual 9-1
Chapter 9
© 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.

,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition



ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time
Number Description Level Allotted (min.)

1A Record property transactions. Simple 20-30

2A Allocate cost and calculate partial period depreciation. Moderate 20-30

3A Determine cost; calculate and compare depreciation under Moderate 30-40
different methods.

4A Account for operating and capital expenditures and asset Moderate 20-30
impairments.

5A Record impairment and calculate revised depreciation. Moderate 20-30

6A Record acquisition, depreciation, impairment and disposal of Moderate 25-35
land and building.

7A Calculate and compare depreciation and gain or loss on Moderate 30-40
disposal under three methods of depreciation.

8A Record acquisition, depreciation and disposal of equipment. Moderate 30-40

9A Record property, plant and equipment transactions; prepare Complex 40-50
partial financial statements.

10A Correct errors in recording intangible asset transactions. Complex 15-20

11A Record intangible asset transactions; prepare partial balance Moderate 30-40
sheet.

12A Record natural resource transactions; prepare partial financial Moderate 25-30
statements.

13A Calculate ratios and comment. Moderate 15-25

1B Record property transactions. Simple 20-30

2B Allocate cost and calculate partial period depreciation. Moderate 20-30

3B Determine cost; calculate and compare depreciation under Moderate 30-40
different methods.

4B Account for operating and capital expenditures and asset Moderate 20-30
impairments.

5B Record impairment and calculate revised depreciation. Moderate 20-30

6B Record acquisition, depreciation, impairment and disposal of Moderate 25-35
land and buildings.




Solutions Manual 9-2
Chapter 9
© 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.

,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition


ASSIGNMENT CHARACTERISTICS TABLE (Continued)

Problem Difficulty Time
Number Description Level Allotted (min.)

7B Calculate and compare depreciation and gain or loss on Moderate 30-40
disposal under three methods of depreciation.

8B Record acquisition, depreciation and disposal of furniture. Moderate 30-40

9B Record property, plant and equipment transactions; prepare Complex 40-50
partial financial statements.

10B Correct errors in recording intangible asset transactions. Complex 15-20

11B Record intangible asset transactions; prepare partial balance Moderate 30-40
sheet.

12B Record equipment, note payable, and natural resource Moderate 25-30
transactions; prepare partial financial statements.

13B Calculate ratios and comment. Moderate 15-25




Solutions Manual 9-3
Chapter 9
© 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.

, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition



BLOOM’S TAXONOMY TABLE
Correlation Chart between Bloom's Taxonomy, Study Objectives and End-of-
Chapter Exercises and Problems
Learning Objective Knowledge Comprehension Application Analysis Synthesis Evaluation
1. Calculate the cost of Q9-1 Q9-3 BE9-1 P9-2A
property, plant, and Q9-2 Q9-4 BE9-2 P9-3A
equipment. BE9-3 Q9-5 BE9-4 P9-4A
E9-3 E9-1 P9-6A
E9-2 P9-1B
E9-12 P9-2B
P9-1A P9-3B
P9-4B
P9-6B
2. Apply depreciation Q9-7 Q9-6 BE9-5 P9-3A
methods to property, Q9-9 Q9-8 BE9-6 P9-6A
plant, and equipment. Q9-10 BE9-7 P9-7A
Q9-11 BE9-8 P9-8A
E9-3 BE9-9 P9-9A
E9-2 P9-2B
E9-4 P9-3B
E9-5 P9-6B
E9-12 P9-7B
P9-2A P9-8B
P9-9B
P9-12B
3. Explain the factors Q9-9 Q9-10 BE9-10 P9-5A
that cause changes in Q9-12 Q9-11 BE9-11 P9-6A
periodic depreciation Q9-13 E9-6 P9-12A
and calculate revised E9-7 P9-4B
depreciation for E9-8 P9-5B
property, plant, and P9-4A P9-6B
equipment.

4. Demonstrate how to Q9-16 Q9-14 BE9-12 P9-8A
account for property, Q9-15 BE9-13 P9-9A
plant, and equipment Q9-17 BE9-14 P9-6B
disposals. E9-9 P9-7B
E9-10 P9-8B
P9-6A P9-9B
P9-7A
5. Record natural Q9-18 Q9-19 BE9-15 P9-12A
resource transactions Q9-20 E9-11 P9-12B
and calculate
depletion.
6. Identify the basic Q9-21 BE9-16 P9-10A
accounting issues for Q9-22 E9-12 P9-11A
intangible assets and E9-13 P9-10B
goodwill. E9-14 P9-11B
7. Illustrate the reporting Q9-23 Q9-24 BE9-18 P9-11A E9-16
and analysis of long- BE9-17 BE9-19 P9-12A P9-13A
lived assets. E9-15 P9-9B P9-13B
P9-9A P9-11B
P9-12B



Solutions Manual 9-4
Chapter 9
© 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$32.05. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$32.05
  • (0)
  Add to cart