Accounting Principles (12th Edition) Complete Solutions Manual with Full Answers

Solutions Manual For
Accounting Principles, 12th Edition Weygandt Kimmel 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.


Explain the building blocks of 6, 7, 8, 9, 10
2. accounting: ethics, principles, and 2 3, 4
assumptions.


State the accounting 11, 12, 13, 22 1, 2, 3, 4, 5, 8
3. equation, and define its 3, 5 5
components. 1A, 2A 4A


Analyze the effects of 14, 15, 16, 18 6, 7, 9
4. business transactions on the accounting equation. 4 6, 7, 8
1A, 2A, 4A,
5A
Describe the four financial 17, 19, 20, 21 10, 11
statements and how they are prepared.
5. 5
9, 10, 11, 12, 2A, 3A, 4A,
13, 14, 15, 16 5A

,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
owner’s equity statement, and balance sheet.


3A Prepare income statement, owner’s equity statement, and Moderate 50–60
balance sheet.

4A Analyze transactions and prepare financial statements. Moderate 40–50

5A Determine financial statement amounts and prepare Moderate 40–50
owner’s equity statement.

, WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 1
ACCOUNTING IN ACTION


Number LO BT Difficulty Time (min.)


BE1 3 AP Simple 2–4
BE2 3 AP Simple 3–5
BE3 3 AP Moderate 4–6
BE4 3 AP Moderate 4–6
BE5 3 C Simple 2–4
BE6 4 C Simple 2–4
BE7 4 C Simple 2–4
BE8 3 C Simple 2–4
BE9 4 C Simple 1–2
BE10 5 AP Simple 3–5
BE11 5 C Simple 2–4
DI1 1 K Simple 2–4
DI2 2 K Simple 2–4
DI3 3 AP Simple 6–8
DI4 4 AP Moderate 8–10
DI5 3, 5 AP Moderate 10–12
EX1 1 C Moderate 5–7
EX2 1 C Simple 6–8
EX3 2 C Moderate 6–8
EX4 2 C Moderate 6–8
EX5 3 C Simple 4–6
EX6 4 C Simple 6–8
EX7 4 C Simple 4–6
EX8 4 AP Moderate 12–15

, EX9 5 AP Simple 12–15
EX10 5 AP Moderate 8–10
EX11 5 AP Moderate 6–8
EX12 5 AP Simple 8–10
EX13 5 AN Simple 8–10
EX14 5 AP Simple 10–12
EX15 5 AP Simple 6–8
EX16 5 AP Moderate 6–8

ACCOUNTING IN ACTION (Continued)


Number LO BT Difficulty Time (min.)


P1A 3, 4 AP Moderate 40–50
P2A 3–5 AP Moderate 50–60
P3A 5 AP Moderate 50–60
P4A 3–5 AP Moderate 40–50
P5A 4, 5 AP Moderate 40–50
BYP1 5 AN Simple 10–15
BYP2 5 AN, E Simple 10–15
BYP3 5 AN, E Simple 10–15
BYP4 6 C, AN Simple 15–20
BYP5 4 E Moderate 15–20
BYP6 5 E Simple 12–15
BYP7 2 E Simple 10–12
BYP8 2 E Moderate 15–20
BYP9 – AP Moderate 15–20
BYP10 – C Simple 10–15