Accounting Principles 7th Canadian Edition, 7e Weygandt Donald Kieso
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Kimmel Trenholm Warren Novak (Solutions Manual All Chapters, 100%
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Original Verified, A+ Grade) l l l l
CHAPTER 1 l
Accounting in Action l l
ASSIGNMENT CLASSIFICATION TABLE l l
Brief Problems Problems
Learning Objectives l Questions l Exercises Exercises Set A l l Set B l l
1. Identify the use and
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users of accounting
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and the objective of
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financial reporting.
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2. Compare different
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forms of business
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organization.
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3. Explain the building
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blocks of accounting:
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ethics and the
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concepts included in
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the conceptual
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framework.
4. Describe the
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l l 3, 4, 6, 7,
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components of the
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financial statements
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and explain the
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accountingequation.
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5. Analyze the effects of
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business transactions
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on the accounting
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equation.
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6. Prepare financial
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statements.
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Solutions Manual 1-1 Chapter 1
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,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE l l
Problem Difficulty Time
Number
l Description Level
l Allotted (min.)
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1A Identify users and use of accounting information.
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2A Determine forms of business organization and
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types of accounting standards.
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3A Determine missing items.
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4A Classify accounts and prepare accounting
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equation.
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5A Assess accounting treatment.
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6A Analyze transactions and calculate owner’s equity.
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7A Analyze transactions and prepare balance sheet.
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8A Analyze transactions and prepare financial
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statements.
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9A Prepare financial statements.
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10A Determine missing amounts, and comment.
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11A Discuss errors and prepare corrected balance
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sheet.
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1B Identify users and use of accounting information.
l l l l l l Simple 15-20
2B Determine forms of business organization and
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types of accounting standards.
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3B Determine missing items.
l l Moderate 20-25
4B Classify accounts and prepare accounting
l l l l Simple 20-30
equation.
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5B Assess accounting treatment.
l l Moderate 20-25
6B Analyze transactions and calculate owner’s equity.
l l l l l Simple 35-45
7B Analyze transactions and prepare balance sheet.
l l l l l Simple 40-50
8B Analyze transactions and prepare financial
l l l l Moderate 40-50
statements.
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9B Prepare financial statements.
l l Simple 35-45
10B Determine missing amounts, and comment.
l l l l Moderate 35-45
11B Discuss errors and prepare corrected balance
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sheet.
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Solutions Manual 1-2 Chapter 1
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,Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition
BLOOM’S TAXONOMY TABLE l l
Correlation Chart between Bloom’s Taxonomy, Learning Objectives and End-of-
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Chapter Material
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Evaluat
Learning Objective l Knowledge Comprehension Application Analysis Synthesis ion
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1. Identify the use and
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users of accounting
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and the objective of
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financial reporting.
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2. Compare different
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Q1-4 P1-2A
forms of business
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BE1-2
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organization . l l
BE1-4
l P1-11B
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BE1-
l
10E1-3
l
E1-7
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3. Explain the building
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Q1-6 Q1-5 P1-2A BE1-3
blocks of accounting:
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Q1-7
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l P1-2B
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ethics and thel l l
E1-5
l Q1-9
l P1-3A
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concepts included in
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Q1-
l P1-3B
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the conceptuall l
10Q1-
l P1-7A
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framework. l
11 P1-7B
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BE1-4
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BE1-5
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4. Describe the
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components of the l l Q1-13 BE1-9
financial statements l Q1-14 BE1-10
and explain the l l Q1-16 BE1-14
accounting equation. l
BE1-11 BE1-15
E1-6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
Solutions Manual 1-3 Chapter 1
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, Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Accounting Principles, Seventh Canadian Edition
BLOOM’S TAXONOMY TABLE (Continued)
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Evaluat
Learning Objective
l Knowledge Comprehension Application Analysis Synthesis ion
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5. Analyze the effects
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of business
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transactions on the l l E1-8 BE1-13
accounting equation.
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E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6. Prepare financial
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statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
Broadening Yourl BYP1-1 Santé Saga
l BYP1-3 BYP1-4 BYP1-2
Perspective BYP1- 6 l BYP1-5
Solutions Manual 1-4 Chapter 1
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