# Solution Manual For Principles Of Accounting 12th Edition

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Edition: 12th Edition

Resource Type: Solution Manual

## 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

 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

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