Accounting Principles, 8th Canadian Edition
- Accounting Principles Third Canadian Edition Chapter 15 Solutions Test
- Accounting Principles Third Canadian Edition Chapter 15 Solutions Review
- Accounting Principles Third Canadian Edition Chapter 15 Solutions 1
By Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie R. Warren, Lori Novak
Our top selling introductory accounting product Accounting Principles helps students succeed with its proven pedagogical framework, technical currency and an unparalleled robust suite of study and practice resources. It has been praised for its outstanding visual design, excellent writing style and clarity of presentation. The new eighth edition provides more opportunities to use technology and new features that empower students to apply what they have learned in the classroom to the world outside the classroom.
The next generation of WileyPLUS for Accounting Principles, 8th Canadian Edition gives instructors the freedom and flexibility to tailor content and easily manage their course in order to keep students engaged and on track.
Schedule a Demo Sign Up for a Test DriveAdopt WileyPLUSHear from our Authors
Opportunities for Practice
A complete range of materials guide students through the basic levels of understanding—starting with questions, followed by brief exercises, exercises, problems and then integrative cases to broaden their perspectives. Questions can also be filtered by CPA competencies.
Students Engage with Multimedia Resources
Tutorials on the accounting cycle, demonstration problems, concept tutorials, as well as Office Hour Videos linked directly to the point of learning all help to reinforce concepts. The Office Hour Videos and the Applied Skills Videos let students preview material before class or review content outside of class.
Career Resource Centers.
These resources provide a variety of helpful options to bridge the gap between the classroom and careers. Here students will find career coaching videos, tools to create an e-portfolio and job/internship search resources, just to name a few.
- Accounting Weekly Updates: Stay updated and informed on the very latest in accounting news stories. Each week, instructors receive links to 3-5 new articles, video clips, business news stories, and so much more with discussion questions to elaborate on the stories during class.
- Bloom’s Taxonomy: Questions,exercises and problems at the end of each chapter have been classified by the knowledge level required in answering each one.
- Excel Template and Tutorial: Accompanying the continuing Santé Smoothie chronicle are the spreadsheets needed.
- New Lightboard Videos: These videos feature a professor walking through the key concepts of Accounting Principles. These videos provide students 24-hour assistance and are a great study tool for reviewing content after class and for preparing for quizzes/exams.
- Current Topics: Accounting changes frequently and with each revision Accounting Principles updates its content. Accounting standard updates are included in the course and align with students’ next course in accounting, Intermediate Accounting. Both Accounting Principles and Intermediate Accounting follow the same pedagogy. In fact, many of the same authors work on both courses and all authors collaborate to provide accounting students with a firm foundation in accounting and the tools to succeed in the field of accounting.
- Additional Problem Material: In order toget accounting, you have to do With each course update, we continue to increase the number of problems per chapter so instructors never have to worry about running out of materials to assign.
Features Include:
Barbara Trenholm, FCPA, FCA, ICD.D, is a professor emerita at the University of New Brunswick, for which she continues to teach on a part-time basis. Her teaching and educational leadership has been widely recognized with numerous local, national, and international teaching awards. She also served a three-year term as a Teaching Scholar at the University of New Brunswick.
Barbara is a member of the boards of several public, Crown, and private corporations, including Plazacorp Retail REIT, NB Power, and the International Development Research Centre. She is a past board member of Atomic Energy of Canada Limited, the Canadian Institute of Chartered Accountants (now known as CPA Canada), and the Atlantic School of Chartered Accountancy (now known as CPA Atlantic School of Business), and past president of the New Brunswick Institute of Chartered Accountants (now known as CPA New Brunswick). She has extensive service as chair and a member of a wide range of committees at the provincial, national, and international levels of the accounting profession. In addition to her involvement with her profession, she has also served in leadership roles at the university and in the community.
She has presented at many conferences and published widely in the field of accounting education and standard setting in journals, including Accounting Horizons, Journal of the Academy of Business Education, CAmagazine, CGA Magazine, and CMA Magazine. She is also part of the Canadian author team of Weygandt, Kieso, Kimmel, Trenholm, Warren, and Novak, Accounting Principles, published by John Wiley & Sons Canada, Ltd.
Valerie Warren has been an accounting instructor at Kwantlen Polytechnic University in BC since 2007. Over the last 10 years, Valerie has taught a variety of accounting courses including introductory, intermediate, and advanced accounting, auditing, accounting theory, and financial statement presentation and analysis. Valerie is currently the chair of the accounting department at KPU. To keep in touch with public practice, Valerie also performs practice reviews for CPABC. Valerie is also the author of Auditing: A Practical Approach, 3rd Canadian Edition published by Wiley in 2018.
Lori Novak is an instructor at Red River College in Winnipeg, Manitoba. Her teaching experience includes course development and delivery in financial accounting, management accounting, and general business courses. Ms. Novak has a Bachelor of Commerce degree from Laurentian University and is in the process of completing a Master of Business Administration. She has professional accounting experience with Palmer, Badger & Co, Chartered Professional Accountants, as well as industry experience working in management. She has served on various volunteer boards as treasurer and fundraising manager in her community.
Volume One
Chapter 1: Accounting in Action
Chapter 2: The Recording Process
Chapter 3: Adjusting the Accounts
Chapter 4: Completion of the Accounting Cycle
Chapter 5: Accounting for Merchandising Operations
Chapter 6: Inventory Costing
Chapter 7: Internal Control and Cash
Chapter 8: Accounting for Receivables
Chapter 9: Long-Lived Assets
Chapter 10: Current Liabilities and Payroll
Volume Two
Chapter 9: Long-Lived Assets
Chapter 10: Current Liabilities and Payroll
Chapter 11: Financial Reporting Concepts
Chapter 12: Accounting for Partnerships
Chapter 13: Introduction to Corporations
Chapter 14: Corporations: Additional Topics and IFRS
Chapter 15: Non-current Liabilities
Chapter 16: Investments
Chapter 17: The Cash Flow Statement
Chapter 18: Financial Statement Analysis
Table of Contents
- HOW TO STUDY ACCOUNTING
- CHAPTER 13: CORPORATIONS: ORGANIZATION AND CAPITAL STOCK TRANSACTIONS
- CHAPTER 14: CORPORATIONS: DIVIDENDS, RETAINED EARNINGS, AND INCOME REPORTING
- CHAPTER 15: LONG-TERM LIABILITIES
- CHAPTER 16: INVESTMENTS
- CHAPTER 17: STATEMENT OF CASH FLOWS
- CHAPTER 18: FINANCIAL STATEMENT ANALYSIS
- CHAPTER 19: MANAGERIAL ACCOUNTING
- CHAPTER 20: JOB ORDER COSTING
- CHAPTER 21: PROCESS COSTING
- CHAPTER 22: COST-VOLUME-PROFIT
- CHAPTER 23: BUDGETARY PLANNING
- CHAPTER 24: BUDGETARY CONTROL AND RESPONSIBILITY ACCOUNTING
- CHAPTER 25: STANDARD COSTS AND BALANCED SCORECARD
- CHAPTER 26: INCREMENTAL ANALYSIS AND CAPITAL BUDGETING
Basic
# | Problem | Worksheet | Combined | Description |
---|---|---|---|---|
B-15.01 | excel | Correction of an error – entry and reporting | ||
B-15.02 | excel | Disposal of a business unit | ||
B-15.03 | excel | Reporting Comprehensive Income | ||
B-15.04 | excel | Reporting changes in accounting methods | ||
B-15.05 | excel | Concepts including OCI/ROA/EBIT/EBITDA/etc. | ||
B-15.06 | excel | Earnings per share | ||
B-15.07 | excel | P/E, PEG, Dividend rates | ||
B-15.08 | excel | Book value per share | ||
B-15.09 | excel | Return on assets and return on equity | ||
B-15.10 | excel | Qualitative characteristics of accounting | ||
B-15.11 | excel | Identification of professional organizations | ||
B-15.12 | excel | Accounting assumptions | ||
B-15.13 | excel | Concepts in international accounting | ||
B-15.14 | excel | Foreign currency transactions – purchasing activity | ||
B-15.15 | excel | Foreign currency transactions – sales activity |
Involved
# | Problem | Worksheet | Combined | Description |
---|---|---|---|---|
I-15.01 | excel | Income reporting for complex fact situation | ||
I-15.02 | excel | Earnings per share – basic and diluted | ||
I-15.03 | excel | Ratios and valuations | ||
I-15.04 | excel | Team-based approach to foreign currency transactions |
Self-Grading
Problem | Description | |
---|---|---|
1 | excel | Self-Grading Problem |
MyExceLab
Description | Problem |
---|---|
Calculating Basic EPS | excel |
Profit and Equity Ratios | excel |
Special Reporting | excel |
Accounting Qualities | excel |
Key Assumptions | excel |
Foreign Currency Transactions | excel |
The preceding table includes links to “Basic” and “Involved” problems. Each excel link will download the file containing a spreadsheet for the problem and a template worksheet on which you can prepare the solution electronically. If you see a light bulb icon on a worksheet, just mouse over above the icon and a comment box will appear. The comments include useful suggestions for improving your spreadsheet skills.
You may not post or redistribute, electronically or otherwise, any solution material. Violation of this policy constitutes a copyright violation.
Accounting Principles Third Canadian Edition Chapter 15 Solutions Test
Alternative problems, with solutions, may be found at our partner website Bookboon. Video solutions to selected problems are available to students enrolling in the online course. The pdf version of the solutions manual also includes links to the video solutions. You can purchase the solutions manual in the bookstore.
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- Step 1 of 5
- Step 2 of 5• An interest bearing security or long-term promissory note thata company represents while borrowing money from outsiders is calledbond.• When the selling price of a bond is equal to face value, thebond is said to be issued at face value.• When the selling price of a bond is lower than its face value,the bond is said to be issued at a discount.• When the selling price of a bond is higher than its facevalue, the bond is said to be issued at a premium.
- Step 3 of 5Prepare journal entry to record the sale of bonds on March 1,2017.DateAccount Title and ExplanationPost Ref.Debit($)Credit($)2017Cash (A+) Doom 3 resurrection of evil mods.294,000March1Discount on Bonds Payable (L–)6,000Bonds Payable (L+)300,000(To record the sales of bonds at discount)Explanation:• Cash is an asset and it increases by $294,000. Therefore,debit cash account by $294,000.• Discount on bonds payable is a contra liability and itdecreases by $6,000. Therefore, debit discount on bonds payableaccount by $6,000.• Bonds payable is a long-term liability and it increases by$300,000. Therefore, credit bonds payable account by $300,000. Why is it important to be patient.
- Step 4 of 5Working notes:Calculate the amount of cash received from the sale ofbonds.
- Step 5 of 5Calculate the amount of discount on bonds payable.
Accounting Principles Third Canadian Edition Chapter 15 Solutions Review
Table of Contents
Accounting Principles Third Canadian Edition Chapter 15 Solutions 1
- HOW TO STUDY ACCOUNTING
- CHAPTER 13: CORPORATIONS: ORGANIZATION AND CAPITAL STOCK TRANSACTIONS
- CHAPTER 14: CORPORATIONS: DIVIDENDS, RETAINED EARNINGS, AND INCOME REPORTING
- CHAPTER 15: LONG-TERM LIABILITIES
- CHAPTER 16: INVESTMENTS
- CHAPTER 17: STATEMENT OF CASH FLOWS
- CHAPTER 18: FINANCIAL STATEMENT ANALYSIS
- CHAPTER 19: MANAGERIAL ACCOUNTING
- CHAPTER 20: JOB ORDER COSTING
- CHAPTER 21: PROCESS COSTING
- CHAPTER 22: COST-VOLUME-PROFIT
- CHAPTER 23: BUDGETARY PLANNING
- CHAPTER 24: BUDGETARY CONTROL AND RESPONSIBILITY ACCOUNTING
- CHAPTER 25: STANDARD COSTS AND BALANCED SCORECARD
- CHAPTER 26: INCREMENTAL ANALYSIS AND CAPITAL BUDGETING