SOLUTION MANUAL Accounting Principles, 9th Canadian Edition Volume 1 & 2 By Jerry Weygandt, Donald Kieso, TABLE OF CONTENTS Volume 1 1. Accounting in Action 2. The Recording Process 3. Adjusting the Accounts 4. Completion of the Accounting Cycle 5. Accounting for Merchandising Operations 6. Inventory Costing 7. Internal Control and Cash 8. Accounting for Receivables 9. Long -Lived Assets 10. Current Liabilities and Payroll Volume 2 9. Long -Lived Assets 10. Current Liabilities and Payroll 11. Financial Reporting Concepts 12. Accounting for Partnerships 13. Introduction to Corporations 14. Corporations: Additional Topics and IFRS 15. Non -Current Liabilities 16. Investments 17. The Cash F low Statement 18. Financial Statement Analysis 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. 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 2. 1 3. 1 4. 2 C C C K 5. 3 6. 3 7. 3 8. 3 C K K C 9. 3 10. 3 11. 3 12. 4 C C C K 13. 4 14. 4 15. 4 16. 4 K K C K 17. 5 18. 5 19. 6 20. 6 C AP K C Brief Exercises 1. 1 2. 2 3. 3 4. 3 K C AN C 5. 3 6. 3 7. 4 8. 4 C C C AP 9. 4 10. 4 11. 4 12. 5 AP AP K AP 13. 5 14. 4,5 15. 4,6 16. 6 AP AP AP AP 17. 6 18. 6 AP AP Exerc ises 1. 1 2. 1 3. 2 4. 3 C C C C 5. 1,3,5 6. 4 7. 4 8. 5 K AP AP C 9. 3,5,6 10. 5 11. 5 12. 4,5 C C C AP 13. 4,5 14. 6 15. 6 16. 6 AP AP AP AP 17. 6 AP Probl ems 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