For
Financial and Managerial
Accounting
3rd Edition
By
Jerry Weygandt
Paul Kimmel
Donald Kieso
, CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief A
Learning Objectives Questions Exercises Do It! Exercises Problems
1. Identify the activities and 1, 2, 3, 4, 5 1 1, 2
users associated with
accounting.
2. Explain the building blocks of 6, 7, 8, 9, 10 2 3, 4
accounting: ethics, principles,
and assumptions.
3. State the accounting 11, 12, 13, 14. 1, 2, 3, 4, 5, 8, 3 5
equation, and define its 22 9
components.
4. Analyze the effects of 15, 16, 18 6, 7 4 6, 7, 8 1A, 2A, 4A,
business transactions on the 5A
accounting equation.
5. Describe the four financial 17, 19, 20, 21, 10, 11 5 8, 9, 10, 11, 2A, 3A, 4A,
statements and how they are 12, 13, 14, 15, 5A
prepared. 16, 17, 18
Copyright © 2018 WILEY Weygandt, Financial and Managerial Accounting, 3/e, Solutions Manual (For Instructor Use Only) 1-1
,ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time Allotted
Number Description Level (min.)
1A Analyze transactions and compute net income. Moderate 40–50
2A Analyze transactions and prepare income statement, Moderate 50–60
retained earnings statement, and balance sheet.
3A Prepare income statement, retained earnings statement, Moderate 50–60
and balance sheet.
4A Analyze transactions and prepare financial statements. Moderate 40–50
5A Determine financial statement amounts and prepare Moderate 40–50
retained earnings statement.
1-2 Copyright © 2018 WILEY Weygandt, Financial and Managerial Accounting, 3/e, Solutions Manual (For Instructor Use Only)
, WEYGANDT FINANCIAL AND MANAGERIAL ACCOUNTING 3E
CHAPTER 1
ACCOUNTING IN ACTION
Number LO BT Difficulty Time (min.)
BE1 3 AP Easy 2–4
BE2 3 AP Easy 3–5
BE3 3 AP Easy 4–6
BE4 3 AP Moderate 4–6
BE5 3 C Easy 2–4
BE6 4 C Easy 2–4
BE7 4 C Easy 2–4
BE8 3 C Easy 2–4
BE9 3 C Easy 1–2
BE10 5 AP Easy 3–5
BE11 5 C Easy 2–4
DI1 1 K Easy 2–4
DI2 2 K Easy 2–4
DI3 3 K Easy 2–4
DI4 4 AP Easy 6–8
DI5 5 AP Moderate 8–10
EX1 1 C Easy 5–7
EX2 1 C Easy 6–8
EX3 2 C Moderate 6–8
EX4 2 C Moderate 6–8
EX5 3 C Easy 4–6
EX6 4 C Easy 6–8
EX7 4 C Easy 4–6
EX8 4, 5 AP Moderate 12–15
EX9 5 AP Easy 12–15
EX10 5 AP Moderate 8–10
EX11 5 AN Moderate 6–8
EX12 5 AP Easy 8–10
EX13 5 AN Moderate 8–10
EX14 5 AP Easy 10–12
EX15 5 AP Easy 6–8
EX16 5 AP Moderate 6–8
EX17 5 AP Moderate 8–10
EX18 5 C Easy 4–6
Copyright © 2018 WILEY Weygandt, Financial and Managerial Accounting, 3/e, Solutions Manual (For Instructor Use Only) 1-3