Accounting Principles 14th Edition Weygandt Solution Manual
Solution Manual for Accounting Principles 14th Edition By Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell, ISBN: 9781565332614, ISBN: 1119707080, ISBN: 9781119707080
TABLE OF CONTENTS
1 Accounting in Action 1-1
2 The Recording Process 2-1
3 Adjusting the Accounts 3-1
4 Completing the Accounting Cycle 4-1
5 Accounting for Merchandising Operations 5-1
6 Inventories 6-1
7 Accounting Information Systems 7-1
8 Fraud, Internal Control, and Cash 8-1
9 Accounting for Receivables 9-1
10 Plant Assets, Natural Resources, and Intangible Assets 10-1
11 Current Liabilities and Payroll Accounting 11-1
12 Accounting for Partnerships 12-1
13 Corporations: Organization and Capital Stock Transactions 13-1
14 Corporations: Dividends, Retained Earnings, and Income Reporting 14-1
15 Long-Term Liabilities 15-1
16 Investments 16-1
17 Statement of Cash Flows 17-1
18 Financial Analysis: The Big Picture 18-1
19 Managerial Accounting 19-1
20 Job Order Costing 20-1
21 Process Costing 21-1
22 Cost-Volume-Profit 22-1
23 Incremental Analysis 23-1
24 Budgetary Planning 24-1
25 Budgetary Control and Responsibility Accounting 25-1
26 Standard Costs and Balanced Scorecard 26-1
27 Planning for Capital Investments 27-1
ANSWERS TO QUESTIONS
1. This is true. Virtually every organization and person in our society uses accounting information. Businesses, investors, creditors, government agencies, and not-for-profit organizations must use accounting information to operate effectively.
LO1 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting
2. Accounting is the process of identifying, recording, and communicating the economic events of an organization to interested users of the information. The first activity of the accounting process is to identify economic events that are relevant to a particular business. Once identified and measured, the events are recorded to provide a history of the financial activities of the organization. Recording consists of keeping a chronological diary of these measured events in an orderly and systematic manner. The information is communicated through the preparation and distribution of accounting reports, the most common of which are called financial statements.
A vital element in the communication process is the accountant’s ability and responsibility to analyze and interpret the reported information.
LO1 BT: C Difficulty: Easy TOT: 4 min. AACSB: None AICPA FC: Reporting
