Solution Manual For Principles Of Accounting 12th Edition
ISBN-10: 8126545895, ISBN-13: 978-8126545896
CHAPTER 1: Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
|
Learning Objectives |
Questions |
Brief
Exercises |
Do It! |
Exercises |
A
Problems |
|||||
| 1. Identify the activities and users associated with accounting. | 1, 2, 3, 4, 5 | 1 | 1, 2 | |||||||
| 2. Explain the building blocks of accounting: ethics, principles, and assumptions. | 6, 7, 8, 9, 10 | 2 | 3, 4 | |||||||
| 3. State the accounting equation, and define its components. | 11, 12, 13, 22 | 1, 2, 3, 4, 5, 8 | 3, 5 | 5 | 1A, 2A 4A | |||||
| 4. Analyze the effects of business transactions on the accounting equation. | 14, 15, 16, 18 | 6, 7, 9 | 4 | 6, 7, 8 | 1A, 2A, 4A, 5A | |||||
| 5. Describe the four financial statements and how they are prepared. | 17, 19, 20, 21 | 10, 11 | 5 | 9, 10, 11, 12, 13, 14, 15, 16 | 2A, 3A, 4A, 5A |
ASSIGNMENT CHARACTERISTICS TABLE
| Problem
Number |
Description |
Difficulty
Level |
Time Allotted (min.) | |||
| 1A | Analyze transactions and compute net income. | Moderate | 40–50 | |||
| 2A | Analyze transactions and prepare income statement, owner’s equity statement, and balance sheet. | Moderate | 50–60 | |||
| 3A | Prepare income statement, owner’s equity statement, and balance sheet. | Moderate | 50–60 | |||
| 4A | Analyze transactions and prepare financial statements. | Moderate | 40–50 | |||
| 5A | Determine financial statement amounts and prepare owner’s equity statement. | Moderate | 40–50 |
WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 1
ACCOUNTING IN ACTION
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