Financial_Accounting_IFRS_3rd_Edition_Solutions_Manual.pdf

Financial Accounting IFRS 3rd Edition Solutions Manual Weygandt Kimmel
Kieso
Completed download Instructor Manual, Solutions Manual Answer all chapters,
matcha creations problem, Solutions for appendix chapter:
https://testbankarea.com/download/financial-accounting-ifrs-3rd-edition-solutions-
manual-weygandt-kimmel-kieso/
TEST BANK for Financial Accounting IFRS 3rd Edition by Jerry J.
Weygandt, Paul D. Kimmel, Donald E. Kieso
Completed download:
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weygandt-kimmel-kieso/
CHAPTER 3
Adjusting the Accounts

ASSIGNMENT CLASSIFICATION TABLE

Brief A B
Learning Objectives Questions Exercises Do It! Exercises Problems Problems

*1. Explain the time period 1 1 1
assumption.

*2. Explain the accrual basis 2, 3, 4, 5 1 2, 3, 10,16
of accounting.

*3. Explain the reasons for 6, 7 1
adjusting entries.

*4. Identify the major types 8, 18 2, 8 4, 6, 11
of adjusting entries.

*5. Prepare adjusting 8, 9, 10, 11, 2, 3, 4, 5, 2 5, 6, 7, 8, 9, 1A, 2A, 3A, 1B, 2B, 3B,
entries for deferrals. 12, 13, 18, 6, 8 10, 11, 12, 4A, 5A, 6A 4B, 5B
19, 20 13, 15

*6. Prepare adjusting 8, 14, 15, 2, 7, 8 3 5, 6, 7, 8, 1A, 2A, 3A, 1B, 2B, 3B,
entries for accruals. 16, 17, 18, 9, 10, 11, 4A, 5A, 6A 4B, 5B
19, 20 12, 13, 15

*7. Describe the nature and 21 9, 10 4 10, 11, 12, 1A, 2A, 3A, 1B, 2B, 3B,


Weygandt Financial Accounting IFRS 3e Solutions Manual 3-1

, purpose of an adjusted 13, 14 5A, 6A 5B
trial balance.

*8. Prepare adjusting 22 11 17, 18 6A
entries for the alternative
treatment of deferrals.

*9. Discuss financial 23, 24, 25, 12, 13 19, 20, 21,
reporting concepts. 26, 27, 28 14, 15 22, 23

*Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the
chapter.




Weygandt Financial Accounting IFRS 3e Solutions Manual 3-2

,ASSIGNMENT CHARACTERISTICS TABLE

Problem Difficulty Time
Number Description Level Allotted (min.)

1A Prepare adjusting entries, post to ledger accounts, Simple 40–50
and prepare an adjusted trial balance.

2A Prepare adjusting entries, post, and prepare adjusted Simple 50–60
trial balance and financial statements.

3A Prepare adjusting entries and financial statements. Moderate 40–50

4A Prepare adjusting entries. Moderate 30–40

5A Journalize transactions and follow through accounting Moderate 60–70
cycle to preparation of financial statements.

*6A* Prepare adjusting entries, adjusted trial balance, Moderate 40–50
and financial statements using appendix.

1B Prepare adjusting entries, post to ledger accounts, Simple 40–50
and prepare an adjusted trial balance.

2B Prepare adjusting entries, post, and prepare adjusted Simple 50–60
trial balance and financial statements.

3B Prepare adjusting entries and financial statements. Moderate 40–50

4B Prepare adjusting entries. Moderate 30–40

5B Journalize transactions and follow through accounting Moderate 60–70
cycle to preparation of financial statements.




Weygandt Financial Accounting IFRS 3e Solutions Manual 3-3

, WEYGANDT FINANCIAL ACCOUNTING, IFRS EDITION, 3e
CHAPTER 3
ADJUSTING THE ACCOUNTS

Number LO BT Difficulty Time (min.)
BE1 3 C Simple 4–6
BE2 4–6 AN Moderate 6–8
BE3 5 AN Simple 3–5
BE4 5 AN Simple 3–5
BE5 5 AN Simple 2–4
BE6 5 AN Simple 2–4
BE7 6 AN Simple 4–6
BE8 4–6 AN Simple 5–7
BE9 7 AP Simple 4–6
BE10 7 AP Simple 2–4
BE11* 8 AN Moderate 3–5
BE12* 9 K Simple 3–5
BE13* 9 K Simple 2–4
BE14* 9 K Simple 2–4
BE15* 9 K Simple 1–2
DI1 1, 2 K Simple 2–4
DI2 5 AN Simple 6–8
DI3 6 AN Simple 4–6
DI4 7 AN Moderate 20–30
EX1 1 C Simple 3–5
EX2 2 E Moderate 10–15
EX3 2 AP Simple 6–8
EX4 4 AN Simple 5–6
EX5 5, 6 AN Moderate 10–15
EX6 4–6 AN Moderate 10–12
EX7 5, 6 AN Moderate 8–10
EX8 5, 6 AN Moderate 8–10
EX9 5, 6 AN Simple 8–10
EX10 2, 5–7 AN Moderate 8–10
EX11 4–7 AN Moderate 12–15
EX12 5–7 AN Moderate 8–10

Weygandt Financial Accounting IFRS 3e Solutions Manual 3-4