Type:
Solution Manual
Resource:
Accounting Tools for Business Decision Making
Edition:
5th Edition
Author(s):
Paul D. Kimmel Jerry J. Weygandt Donald E. Kieso
CHAPTER 1 Introduction to Financial Statements Learning Objectives 1. 2. 3. 4. 5.
Describe the primary forms of business organization. Identify the users and uses of accounting information. Explain the three principal types of business activity. Describe the content and purpose of each of the financial statements. Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation. Describe the components that supplement the financial statements in an annual report.
6.
Summary of Questions by Learning Objectives and Bloom’s Taxonomy Item
LO
BT
Item
LO
BT
Item
LO
BT
Item
LO
BT
Item
LO
BT
Questions 1. 2. 3. 4. 5. 1. 2. 3.
1 1 1 2 2 1 2 3
K K K C C K K K
6. 7. 8. 9.
4. 5.
2 3 4 4
4 4, 5
C C K C
10. 11. 12. 13.
4 4 4 4
C K C AP
14. 15. 16. 17.
5 5 5 5
K K AP C
18. 19. 20. 21.
6 6 6 5
K C K C
C AP
Brief Exercises 6. 4, 5 K 7. 4 K
8. 9.
5 5
AP AP
10. 11.
5 6
K K
4.
6
C
Do It! Review Exercises 1.
1
C
2.
3
K
3.
4,5
AP
Exercises 1. 2. 3. 4.
1, 2, 4, 6 3 3, 4 4
K C C AP
5.
4
AP
9.
4, 5
AP
12.
5
AP
15.
5
AP
6. 7. 8.
4 4 4, 5
AP AP C
10. 11.
4, 5 4, 5
AP AP
13. 14.
5 5
AP AP
16. 17.
5 6
AP K
4.
4, 5
AP
5.
4, 5
AP
4.
4, 5
AP
5.
4, 5
AP
Problems: Set A 1.
1
C
2.
2, 4, 5
3.
4, 5
AP
K Problems: Set B
1. .
1
C
2.
2, 4,
3.
4, 5
AP
Kimmel, Accounting, 5/e, Solutions Manual
(For Instructor Use Only)
1-1
5
1-2
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K
(For Instructor Use Only)