Solutions Manual For Accounting Principles 7th Canadian Edition, 7e We
x x x x x x x x xx
ygandt Donald KiesoKimmel Trenholm Warren Novak
x x x x x
CHAPTER 1 x
Accounting in Action x x
ASSIGNMENT CLASSIFICATION TABLE
x x
BriefxEx Problemsx Problems
LearningxObjectives Questions ercises Exercises SetxA xSetxB
1.xIdentifyxthexusexandx 1,x2,x3 1 1,x2,x5 1 1
usersxofxaccountingx
andxthexobjectivexofx
financialxreporting.
2.xComparexdifferentx 4 2 3, 2 2
formsxofxbusinessx
organization.
3.xExplainxthexbuildingxbl 5,x6,x7,x8, 3,x4,x5,x6 4,x5,x9,x10 2,x5,x7, 2,x5,x7,x11
ocksxofxaccounting:xet 9,x10,x11 11
hicsxandxthexconcepts
xincludedxin
thexconceptualxframew
ork.
4.xDescribexthexcomponen 12,x13,x14. 7,x8,x9, 6,x7,x13 3,x4,x6,x7, 3,x4,x6,x7,
tsxofxthexfinancialxstate 15,x16 10,x11,x15 8,x11 8,x11
mentsxandxexplainxthex
accountingxequation.
5.xAnalyzexthexeffectsxofx 17,x18 12,x13,x14 5,x8,x9, 5,x7,x8, 6,x7,x8,x9,
businessxtransactions 10,x11, 11 10,x11
xonxthexaccountingxeq 12,x13
uation.
6.xPreparexfinancialxstatem 19,x20 14,x15,x16 9,x14,x15, 6,x7,x8,x9, 2,x5,x7,x11
ents. 17,x18 16,x17 10,x11
SolutionsxManual 1-1 Chapterx1
.
,Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
ASSIGNMENT CHARACTERISTICS TABLE
x x
ProblemxN Difficulty Time
umber Description xLevel Allottedx(min.)
1A Identifyxusersxandxusexofxaccountingxinformation. Simple 15-20
2A Determinexformsxofxbusinessxorganizationxandxtype Simple 15-20
sxofxaccountingxstandards.
3A Determinexmissingxitems. Moderate 20-25
4A Classifyxaccountsxandxpreparexaccountingxequation Simple 20-30
.
5A Assessxaccountingxtreatment. Moderate 20-25
6A Analyzextransactionsxandxcalculatexowner’sxequity. Simple 35-45
7A Analyzextransactionsxandxpreparexbalancexsheet. Simple 40-50
8A Analyzextransactionsxandxpreparexfinancialxstatemen Moderate 40-50
ts.
9A Preparexfinancialxstatements. Simple 35-45
10A Determinexmissingxamounts,xandxcomment. Moderate 35-45
11A Discussxerrorsxandxpreparexcorrectedxbalancexshe Moderate 45-55
et.
1B Identifyxusersxandxusexofxaccountingxinformation. Simple 15-20
2B Determinexformsxofxbusinessxorganizationxandxtype Simple 15-20
sxofxaccountingxstandards.
3B Determinexmissingxitems. Moderate 20-25
4B Classifyxaccountsxandxpreparexaccountingxequation Simple 20-30
.
5B Assessxaccountingxtreatment. Moderate 20-25
6B Analyzextransactionsxandxcalculatexowner’sxequity. Simple 35-45
7B Analyzextransactionsxandxpreparexbalancexsheet. Simple 40-50
8B Analyzextransactionsxandxpreparexfinancialxstatemen Moderate 40-50
ts.
9B Preparexfinancialxstatements. Simple 35-45
10B Determinexmissingxamounts,xandxcomment. Moderate 35-45
11B Discussxerrorsxandxpreparexcorrectedxbalancexshe Moderate 45-55
et.
SolutionsxManual 1-2 Chapterx1
.
,Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
BLOOM’S TAXONOMY TABLE
x x
CorrelationxChartxbetweenxBloom’sxTaxonomy,xLearningxObjectivesxandxEnd-of-
xChapterxMaterial
Evaluat
LearningxObjective Knowledge Comprehension Application Analysis Synthesis xion
1.x Identifyx thex usex and Q1-3 Q1-1 P1-1A
usersxofxaccounting BE1-1 Q1-2 P1-1B
andxthexobjectivexof E1-5 E1-1
financialxreporting. E1-2
2.xComparexdifferentx Q1- P1-
formsxofxbusinessx 4xBE1 2AxP1-
organizationx. - 2BxP1-
2xBE1 11B
-4
BE1-10
E1-3
E1-7
3.xExplainxthexbuildingxbl Q1- Q1- P1- BE1-3
ocksxofxaccounting:xet 6xQ1 5xQ1- 2AxP1
hicsxandxthexconcepts - 8xQ1- -
xincludedxinxthexconce 7xE1 9xQ1- 2BxP1
ptualxframework. -5 10xQ1 -
-11 3AxP1
BE1- -
4xBE1 3BxP1
-5 -7A
P1-
7BxP1-
11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.x Describexthe Q1-12 BE1-7 BE1-8
componentsxofxthe Q1-13 BE1-9
financialxstatements Q1-14 BE1-10
andxexplainxthe Q1-16 BE1-14
accountingxequation. BE1-11 BE1-
15xE1-
6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
SolutionsxManual 1-3 Chapterx1
.
, Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
BLOOM’S TAXONOMY TABLE (Continued)
x x x
Evaluat
LearningxObjective Knowledge Comprehension Application Analysis Synthesis xion
5.x Analyzexthexeffects Q1-19 Q1-17 Q1-18
ofxbusiness E1-5 Q1-20 BE1-12
transactionsxonxthe E1-8 BE1-13
accountingxequation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.x Preparexfinancial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
BroadeningxYour BYP1-1 SantéxSaga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-x6 BYP1-5
SolutionsxManual 1-4 Chapterx1
.
x x x x x x x x xx
ygandt Donald KiesoKimmel Trenholm Warren Novak
x x x x x
CHAPTER 1 x
Accounting in Action x x
ASSIGNMENT CLASSIFICATION TABLE
x x
BriefxEx Problemsx Problems
LearningxObjectives Questions ercises Exercises SetxA xSetxB
1.xIdentifyxthexusexandx 1,x2,x3 1 1,x2,x5 1 1
usersxofxaccountingx
andxthexobjectivexofx
financialxreporting.
2.xComparexdifferentx 4 2 3, 2 2
formsxofxbusinessx
organization.
3.xExplainxthexbuildingxbl 5,x6,x7,x8, 3,x4,x5,x6 4,x5,x9,x10 2,x5,x7, 2,x5,x7,x11
ocksxofxaccounting:xet 9,x10,x11 11
hicsxandxthexconcepts
xincludedxin
thexconceptualxframew
ork.
4.xDescribexthexcomponen 12,x13,x14. 7,x8,x9, 6,x7,x13 3,x4,x6,x7, 3,x4,x6,x7,
tsxofxthexfinancialxstate 15,x16 10,x11,x15 8,x11 8,x11
mentsxandxexplainxthex
accountingxequation.
5.xAnalyzexthexeffectsxofx 17,x18 12,x13,x14 5,x8,x9, 5,x7,x8, 6,x7,x8,x9,
businessxtransactions 10,x11, 11 10,x11
xonxthexaccountingxeq 12,x13
uation.
6.xPreparexfinancialxstatem 19,x20 14,x15,x16 9,x14,x15, 6,x7,x8,x9, 2,x5,x7,x11
ents. 17,x18 16,x17 10,x11
SolutionsxManual 1-1 Chapterx1
.
,Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
ASSIGNMENT CHARACTERISTICS TABLE
x x
ProblemxN Difficulty Time
umber Description xLevel Allottedx(min.)
1A Identifyxusersxandxusexofxaccountingxinformation. Simple 15-20
2A Determinexformsxofxbusinessxorganizationxandxtype Simple 15-20
sxofxaccountingxstandards.
3A Determinexmissingxitems. Moderate 20-25
4A Classifyxaccountsxandxpreparexaccountingxequation Simple 20-30
.
5A Assessxaccountingxtreatment. Moderate 20-25
6A Analyzextransactionsxandxcalculatexowner’sxequity. Simple 35-45
7A Analyzextransactionsxandxpreparexbalancexsheet. Simple 40-50
8A Analyzextransactionsxandxpreparexfinancialxstatemen Moderate 40-50
ts.
9A Preparexfinancialxstatements. Simple 35-45
10A Determinexmissingxamounts,xandxcomment. Moderate 35-45
11A Discussxerrorsxandxpreparexcorrectedxbalancexshe Moderate 45-55
et.
1B Identifyxusersxandxusexofxaccountingxinformation. Simple 15-20
2B Determinexformsxofxbusinessxorganizationxandxtype Simple 15-20
sxofxaccountingxstandards.
3B Determinexmissingxitems. Moderate 20-25
4B Classifyxaccountsxandxpreparexaccountingxequation Simple 20-30
.
5B Assessxaccountingxtreatment. Moderate 20-25
6B Analyzextransactionsxandxcalculatexowner’sxequity. Simple 35-45
7B Analyzextransactionsxandxpreparexbalancexsheet. Simple 40-50
8B Analyzextransactionsxandxpreparexfinancialxstatemen Moderate 40-50
ts.
9B Preparexfinancialxstatements. Simple 35-45
10B Determinexmissingxamounts,xandxcomment. Moderate 35-45
11B Discussxerrorsxandxpreparexcorrectedxbalancexshe Moderate 45-55
et.
SolutionsxManual 1-2 Chapterx1
.
,Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
BLOOM’S TAXONOMY TABLE
x x
CorrelationxChartxbetweenxBloom’sxTaxonomy,xLearningxObjectivesxandxEnd-of-
xChapterxMaterial
Evaluat
LearningxObjective Knowledge Comprehension Application Analysis Synthesis xion
1.x Identifyx thex usex and Q1-3 Q1-1 P1-1A
usersxofxaccounting BE1-1 Q1-2 P1-1B
andxthexobjectivexof E1-5 E1-1
financialxreporting. E1-2
2.xComparexdifferentx Q1- P1-
formsxofxbusinessx 4xBE1 2AxP1-
organizationx. - 2BxP1-
2xBE1 11B
-4
BE1-10
E1-3
E1-7
3.xExplainxthexbuildingxbl Q1- Q1- P1- BE1-3
ocksxofxaccounting:xet 6xQ1 5xQ1- 2AxP1
hicsxandxthexconcepts - 8xQ1- -
xincludedxinxthexconce 7xE1 9xQ1- 2BxP1
ptualxframework. -5 10xQ1 -
-11 3AxP1
BE1- -
4xBE1 3BxP1
-5 -7A
P1-
7BxP1-
11A
BE1-6 P1-11B
E1-4
E1-9
E1-10
P1-5A
P1-5B
4.x Describexthe Q1-12 BE1-7 BE1-8
componentsxofxthe Q1-13 BE1-9
financialxstatements Q1-14 BE1-10
andxexplainxthe Q1-16 BE1-14
accountingxequation. BE1-11 BE1-
15xE1-
6
E1-7
E1-13
P1-4A
P1-4B
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
SolutionsxManual 1-3 Chapterx1
.
, Weygandt,xKieso,xKimmel,xTrenholm,xWarren,xNovak AccountingxPrinciples,xSeventhxCanadianxEdition
BLOOM’S TAXONOMY TABLE (Continued)
x x x
Evaluat
LearningxObjective Knowledge Comprehension Application Analysis Synthesis xion
5.x Analyzexthexeffects Q1-19 Q1-17 Q1-18
ofxbusiness E1-5 Q1-20 BE1-12
transactionsxonxthe E1-8 BE1-13
accountingxequation. E1-9 BE1-14
E1-10 E1-12
E1-11 E1-13
P1-5A P1-7A
P1-5B P1-7B
P1-8A
P1-8B
P1-11A
P1-11B
6.x Preparexfinancial Q1-19 BE1-15 P1-10A
statements. Q1-20 BE1-16 P1-10B
E1-9 BE1-17
BE1-18
E1-14
E1-15
E1-16
E1-17
P1-6A
P1-6B
P1-7A
P1-7B
P1-8A
P1-8B
P1-9A
P1-9B
P1-11A
P1-11B
BroadeningxYour BYP1-1 SantéxSaga BYP1-3 BYP1-4 BYP1-2
Perspective BYP1-x6 BYP1-5
SolutionsxManual 1-4 Chapterx1
.
