Solutions Manual For Accounting Principles 6th Canadian Edition
(Volume 1) WeygandtKieso Kimmel Trenholm Kinnear Barlow
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief Problems Problems
Study Objectives Questions Exercises Exercises Set A Set B
1. Identify the use and 1, 2, 3, 4, 1, 2 1 1 1
users of accounting 5
and the objective of
financial reporting.
2. Compare different 6, 7, 8, 9 3, 4, 10 2, 3, 7 2, 5, 2, 5, 11
forms of business
organizations and
explain how Canadian
accounting standards
apply to these
organizations.
3. Describe the 10, 11, 12, 5, 6, 7, 8, 3, 4, 5, 6 3, 4, 6, 3, 4, 6, 7,
components of the 13, 14 9, 13, 14 7, 11 11
financial statements
and explain the
accounting equation.
4. Determine what events 15, 16 10 7, 8 5, 7, 8, 5, 7, 8, 11
are recognized in the 11
financial statements
and how the events
are measured.
5. Analyze the effects of 17, 18 11, 12, 13 9, 10, 11, 6, 7, 8,11 6, 7, 8,11
business transactions 12
on the accounting
equation.
6. Prepare financial 19, 20 14, 15, 16 13, 14, 7, 8, 9, 7, 8, 9,
statements. 17, 18 15, 16 10, 11 10, 11
Solutions Manual 1-1 Chapter 1
.
,Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time
Number Description Level Allotted (min.)
1A Identify users and use of accounting information. Simple 15-20
2A Determine forms of business organization and Simple 15-20
types of accounting standards.
3A Determine missing items. Moderate 20-25
4A Classify accounts and prepare accounting Simple 20-30
equation.
5A Assess accounting treatment. Moderate 20-25
6A Analyze transactions and calculate owner’s equity. Simple 35-45
7A Analyze transactions and prepare balance sheet. Simple 40-50
8A Analyze transactions and prepare financial Moderate 40-50
statements.
9A Prepare financial statements. Simple 35-45
10A Determine missing amounts, and comment. Moderate 35-45
11A Discuss errors and prepare corrected balance Moderate 45-55
sheet.
1B Identify users and use of accounting information. Simple 15-20
2B Determine forms of business organization and Simple 15-20
types of accounting standards.
3B Determine missing items. Moderate 20-25
4B Classify accounts and prepare accounting Simple 20-30
equation.
5B Assess accounting treatment. Moderate 20-25
6B Analyze transactions and calculate owner’s equity. Simple 35-45
7B Analyze transactions and prepare balance sheet. Simple 40-50
8B Analyze transactions and prepare financial Moderate 40-50
statements.
9B Prepare financial statements. Simple 35-45
10B Determine missing amounts, and comment. Moderate 35-45
11B Discuss errors and prepare corrected balance Moderate 45-55
sheet.
Solutions Manual 1-2 Chapter 1
.
,Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
BLOOM’S TAXONOMY TABLE
Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-
Chapter Material
Evaluat
Study Objective Knowledge Comprehension Application Analysis Synthesis ion
1. Identify the use and Q1-4 Q1-1 BE1-2 P1-1A
users of accounting BE1-1 Q1-2 P1-1B
and the objective of E1-3 Q1-3
financial reporting. Q1-5
E1-1
2. Compare different Q1-8 Q1-6 P1-2A
forms of business Q1-7 P1-2B
organizations and Q1-9 P1-11B
explain how BE1-3
Canadian BE1-4
accounting BE1-10
standards apply to E1-2
these organizations. E1-7
P1-5A
P1-5B
3. Describe the Q1-10 BE1-5 BE1-6
components of the Q1-11 E1-6 BE1-7
financial statements Q1-12 BE1-8
and explain the Q1-13 BE1-9
accounting Q1-14 BE1-13
equation. E1-3 BE1-14
E1-4
E1-5
P1-3A
P1-3B
P1-4A
P1-4B
P1-6A
P1-6B
P1-11A
P1-11B
4. Determine what Q1-16 Q1-15 P1-7A
events are BE1-10 P1-7B
recognized in the E1-7 P1-8A
financial statements E1-8 P1-8B
and how the events P1-5A P1-11A
are measured. P1-5B P1-11B
5. Analyze the effects Q1-17 Q1-18
of business E1-9 E1-10
transactions on the E1-11
accounting equation. E1-12
BE1-11
BE1-12
BE1-13
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
Solutions Manual 1-3 Chapter 1
.
, Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
BLOOM’S TAXONOMY TABLE (Continued)
Evaluat
Study Objective Knowledge Comprehension Application Analysis Synthesis ion
P1-11A
P1-11B
6. Prepare financial Q1-19 BE1-14 P1-10A
statements. Q1-20 BE1-15 P1-10B
BE1-16
BE1-17
BE1-18
E1-13
E1-14
E1-15
E1-16
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
Broadening Your BYP1-1 Continuing BYP1-3 BYP1-4 BYP1-2
Perspective Cookie Chronicle BYP1-5
BYP1-6
Solutions Manual 1-4 Chapter 1
.
(Volume 1) WeygandtKieso Kimmel Trenholm Kinnear Barlow
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief Problems Problems
Study Objectives Questions Exercises Exercises Set A Set B
1. Identify the use and 1, 2, 3, 4, 1, 2 1 1 1
users of accounting 5
and the objective of
financial reporting.
2. Compare different 6, 7, 8, 9 3, 4, 10 2, 3, 7 2, 5, 2, 5, 11
forms of business
organizations and
explain how Canadian
accounting standards
apply to these
organizations.
3. Describe the 10, 11, 12, 5, 6, 7, 8, 3, 4, 5, 6 3, 4, 6, 3, 4, 6, 7,
components of the 13, 14 9, 13, 14 7, 11 11
financial statements
and explain the
accounting equation.
4. Determine what events 15, 16 10 7, 8 5, 7, 8, 5, 7, 8, 11
are recognized in the 11
financial statements
and how the events
are measured.
5. Analyze the effects of 17, 18 11, 12, 13 9, 10, 11, 6, 7, 8,11 6, 7, 8,11
business transactions 12
on the accounting
equation.
6. Prepare financial 19, 20 14, 15, 16 13, 14, 7, 8, 9, 7, 8, 9,
statements. 17, 18 15, 16 10, 11 10, 11
Solutions Manual 1-1 Chapter 1
.
,Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE
Problem Difficulty Time
Number Description Level Allotted (min.)
1A Identify users and use of accounting information. Simple 15-20
2A Determine forms of business organization and Simple 15-20
types of accounting standards.
3A Determine missing items. Moderate 20-25
4A Classify accounts and prepare accounting Simple 20-30
equation.
5A Assess accounting treatment. Moderate 20-25
6A Analyze transactions and calculate owner’s equity. Simple 35-45
7A Analyze transactions and prepare balance sheet. Simple 40-50
8A Analyze transactions and prepare financial Moderate 40-50
statements.
9A Prepare financial statements. Simple 35-45
10A Determine missing amounts, and comment. Moderate 35-45
11A Discuss errors and prepare corrected balance Moderate 45-55
sheet.
1B Identify users and use of accounting information. Simple 15-20
2B Determine forms of business organization and Simple 15-20
types of accounting standards.
3B Determine missing items. Moderate 20-25
4B Classify accounts and prepare accounting Simple 20-30
equation.
5B Assess accounting treatment. Moderate 20-25
6B Analyze transactions and calculate owner’s equity. Simple 35-45
7B Analyze transactions and prepare balance sheet. Simple 40-50
8B Analyze transactions and prepare financial Moderate 40-50
statements.
9B Prepare financial statements. Simple 35-45
10B Determine missing amounts, and comment. Moderate 35-45
11B Discuss errors and prepare corrected balance Moderate 45-55
sheet.
Solutions Manual 1-2 Chapter 1
.
,Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
BLOOM’S TAXONOMY TABLE
Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-
Chapter Material
Evaluat
Study Objective Knowledge Comprehension Application Analysis Synthesis ion
1. Identify the use and Q1-4 Q1-1 BE1-2 P1-1A
users of accounting BE1-1 Q1-2 P1-1B
and the objective of E1-3 Q1-3
financial reporting. Q1-5
E1-1
2. Compare different Q1-8 Q1-6 P1-2A
forms of business Q1-7 P1-2B
organizations and Q1-9 P1-11B
explain how BE1-3
Canadian BE1-4
accounting BE1-10
standards apply to E1-2
these organizations. E1-7
P1-5A
P1-5B
3. Describe the Q1-10 BE1-5 BE1-6
components of the Q1-11 E1-6 BE1-7
financial statements Q1-12 BE1-8
and explain the Q1-13 BE1-9
accounting Q1-14 BE1-13
equation. E1-3 BE1-14
E1-4
E1-5
P1-3A
P1-3B
P1-4A
P1-4B
P1-6A
P1-6B
P1-11A
P1-11B
4. Determine what Q1-16 Q1-15 P1-7A
events are BE1-10 P1-7B
recognized in the E1-7 P1-8A
financial statements E1-8 P1-8B
and how the events P1-5A P1-11A
are measured. P1-5B P1-11B
5. Analyze the effects Q1-17 Q1-18
of business E1-9 E1-10
transactions on the E1-11
accounting equation. E1-12
BE1-11
BE1-12
BE1-13
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
Solutions Manual 1-3 Chapter 1
.
, Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition
BLOOM’S TAXONOMY TABLE (Continued)
Evaluat
Study Objective Knowledge Comprehension Application Analysis Synthesis ion
P1-11A
P1-11B
6. Prepare financial Q1-19 BE1-14 P1-10A
statements. Q1-20 BE1-15 P1-10B
BE1-16
BE1-17
BE1-18
E1-13
E1-14
E1-15
E1-16
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
Broadening Your BYP1-1 Continuing BYP1-3 BYP1-4 BYP1-2
Perspective Cookie Chronicle BYP1-5
BYP1-6
Solutions Manual 1-4 Chapter 1
.
