ACCOUNTING PRINCIPLES 12TH EDITION BY JERRY WEYGANDT, PAUL KIMMEL, DONALD KIESO SOLUTIONS MANUAL
CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises
Questions
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
.
.
Do It!
Exercises
A Problems
Learning Objectives
.
1-1