Test Bank for Accounting Principles, Twelfth Edition by Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso Study Guide and Practice Question Resource

Solutions Manual Accounting Principles 12th Edition
Weygandt Kimmel Kieso (test bank link avaiable)
Complete download: https://testbankarea.com/?p=298
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, 22 1, 2, 3, 4, 5, 8 3, 5 5 1A, 2A 4A
equation, and define its
components.

4. Analyze the effects of 14, 15, 16, 18 6, 7, 9 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 9, 10, 11, 12, 2A, 3A, 4A,
statements and how they are 13, 14, 15, 16 5A
prepared.




Weygandt, Accounting Principles, 12/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
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.




1-2 Copyright © 2015 John Wiley & Sons, Inc. Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instructor Use Only)

, 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 g 3, 5 g g AP g Moderate g 10–12 g




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 g




Weygandt, Accounting Principles, 12/e, Solutions Manual
g g g g g (For Instructor Use Only)
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, ACCOUNTING IN ACTION (Continued) g g g g




Number LO BT Difficulty Time (min.)
g




P1A 3, 4
g 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
g AP Moderate 40–50
BYP1 5 AN Simple 10–15
BYP2 5 AN, E g Simple 10–15
BYP3 g 5 g AN, E g g Simple g 10–15 g




BYP4 6 C, AN
g Simple 15–20
BYP5 4 E Moderate 15–20
BYP6 5 E Simple 12–15
BYP7 2 E Simple 10–12
BYP8 g 2 g E g Moderate g 15–20 g




BYP9 g – g AP g Moderate g 15–20 g




BYP10 – C Simple g 10–15 g




1-4
g Copyright © 2015 John Wiley & Sons, Inc.
g g g g g g g ggg Weygandt, Accounting Principles, 12/e, Solutions Manual (For Instr
g g g g g gggg g



uctor Use Only)
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