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Solution Manual For Financial and Managerial Accounting, 9th Edition By John Wild Chapter 1-24 With Appendix B,C&D A+ $14.99
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Solution Manual For Financial and Managerial Accounting, 9th Edition By John Wild Chapter 1-24 With Appendix B,C&D A+
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Solution Manual For Financial and Managerial Accounting, 9th Edition By John Wild Chapter 1-24 With Appendix B,C&D A+

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  • March 6, 2024
  • 1604
  • 2023/2024
  • Exam (elaborations)
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  • 9th edition b
  • 9th edition by john wild
  • solution manual
  • appendix bcd
  • financial and managerial accounting 9th edition b
  • financial and managerial accounting

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Wild & Shaw, Financial and Managerial Accounting 9e Solutions Manual: Chapter 1




Solution Manual For
Financial and Managerial Accounting, 9th Edition By John Wild
Chapter 1-24
With Appendix B,C&D




Chapter 1
Accounting in Business

QUICK STUDIES
Quick Study 1-1 (10 minutes)

1. f Artificial Intelligence
2. c Recording
3. h Recordkeeping (bookkeeping)


Quick Study 1-2 (10 minutes)
a. External user g. External user
b. External user h. External user
c. External user i. Internal user
d. External user j. External user
e. Internal user k. External user
f. External user l. External user


Quick Study 1-3 (10 minutes)

1
Copyright © 2022 by McGraw Hill.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill.

, Wild & Shaw, Financial and Managerial Accounting 9e Solutions Manual: Chapter 1



1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization


Quick Study 1-4 (5 minutes)
1. Principle 3. Assumption
2. Assumption 4. Principle
Quick Study 1-5 (10 minutes)
Attribute Present Proprietorship Partnership Corporation LLC
1. Business taxed no no yes no
2. Limited liability no no yes yes
3. Legal entity no no yes yes



Quick Study 1-6 (10 minutes)
1. Revenue recognition principle
2. Measurement (cost) principle
3. Business entity assumption




Quick Study 1-7 (5 minutes)
Assets = Liabilities + Equity
$700,000 (a) $280,000 $420,000
$500,000 (b) $250,000 (b) $250,000



Quick Study 1-8 (10 minutes)
1.
Assets = Liabilities + Equity
$75,000 (a) $35,000 $40,000
(b) $95,000 $25,000 $70,000
$85,000 $20,000 (c) $65,000

1
Copyright © 2022 by McGraw Hill.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill.

, Wild & Shaw, Financial and Managerial Accounting 9e Solutions Manual: Chapter 1




2.
+ Common
Assets = Liabilities - Dividends + Revenues - Expenses
Stock
$40,000 $16,000 $20,000 $ 0 (a) $12,000 $ 8,000
$80,000 $32,000 $44,000 (b) $2,000 $24,000 $18,000
Quick Study 1-9 (5 minutes)
a. Increase
b. Decrease
c. Increase
d. Decrease



Quick Study 1-10 (15 minutes)

Assets = Liabilities + Equity
Accounts Accounts Common
Cash + = + - Dividends + Revenues - Expenses
Recble. Payable Stock

(a) $5,500 = $5,500
Consulting


(b) + $4,000 = + 4,000
Commission


Bal. 5,500 + 4,000 = + 9,500

(c) -1,400 = - $1,400
Wages


Bal. 4,100 + 4,000 = + 9,500 - 1,400

(d) +1,000 + - 1,000 = -

Bal. 5,100 + 3,000 = + 9,500 - 1,400

(e) -700 + = - 700
Cleaning


Bal. $4,400 + $3,000 = + $9,500 - $2,100




2
Copyright © 2022 by McGraw Hill.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill.

, Wild & Shaw, Financial and Managerial Accounting 9e Solutions Manual: Chapter 1



Quick Study 1-11 (15 minutes)

Assets = Liabilities + Equity
Accts. Common Divi-
Cash + Supplies + Equip. + Land = + - + Rev. - Exp.
Pay. Stock dends

(a) $15,000 = $15,000

(b) -500 + $500 =

Bal. 14,500 + 500 = + 15,000

(c) + $10,000 = 10,000

Bal. 14,500 + 500 + 10,000 = + 25,000

(d) + 200 = +$200

Bal. 14,500 + 700 + 10,000 = 200 + 25,000

(e) -9,000 + $9,000 =

Bal. $5,500 + $700 + $10,000 + $9,000 = $200 + $25,000




Quick Study 1-12 (10 minutes)

a. Balance sheet e. Balance sheet
b. Statement of cash flows f. Statement of cash flows
c. Balance sheet g. Income statement
d. Income statement h. Balance sheet
Quick Study 1-13 (5 minutes)
1. Expenses 4. Dividends 7. Expenses
2. Revenues 5. Expenses 8. Revenues
3. Expenses 6. Revenues


Quick study 1-14 (5 minutes)
1. Assets 3. Assets 5. Assets
2. Liabilities 4. Liabilities 6. Assets
3
Copyright © 2022 by McGraw Hill.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill.

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