Solution Manual for Accounting Principles Volumes 1 and 2 7th Canadian Edition by Weygandt

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ASSIGNMENT CLASSIFICATION CLASSIFICATION TABLE Questions

Brief Exerci rcises

Exercises

Probles !et "

Probles !et B

#. $%entif& the use an% users of accounting an% the objective of financial reporting.

#' (' )

#

#' (' *

#

#

(. +opare %ifferent fors of business organi,ation.

-

(

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(

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). Explain the buil%ing blocks of accounting: ethics an% the concepts inclu%e% in the conceptual fraeork. -. 4escribe the coponents of the financial stateents an% explain the accounting e5uation.

*' ' 0' 1' 2' #3' ##

)' -' *' 

-' *' 2' #3

(' *' 0' ##

(' *' 0' ##

#(' #)' #-. #*' #

0' 1' 2' #3' ##' #*

' 0' #)

)' -' ' 0' 1' ##

)' -' ' 0' 1' ##

*. "nal&,e the effects of business transactions on the accounting e5uation.

#0' #1

#(' #)' #-

*' 1' 2' #3' ##' #(' #)

*' 0' 0' 1' 1' ## ##

' 0' 0' 1' 1' 2' 2' #3' ##

. Prepare financial stateents.

#2' (3

#-' #*' # #0' #1

2' #-' #*' #' #0

' 0' 1' 2' #3' ##

(' *' 0' ##

Learning Ob Objectives

!olutions 6anual

#7# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

ASSIGNMENT CHARACTERISTICS TABLE Proble =uber

4escription

4ifficult& Level

#"

$%entif& users an% use of accounting inforation.

!iple

#*7(3

("

4eterine fors of business organi,ation an% t&pes of accounting stan%ar%s. 4eterine issing ites.

!iple

#*7(3

6o%erate

(37(*

!iple

(37)3

*"

+lassif& accounts an% prepare accounting e5uation. "ssess accounting treatent.

6o%erate

(37(*

"

"nal&,e transactions an% calculate onerAs e5uit&.

!iple

)*7-*

0"

"nal&,e transactions an% prepare balance sheet.

!iple

-37*3

1"

6o%erate

-37*3

2"

"nal&,e tr transactions an an% pr prepare fifinancial stateents. Prepare financial stateents.

!iple

)*7-*

#3"

4eterine issing aounts' an% coent.

6o%erate

)*7-*

##"

4iscuss errors an% prepare correcte% balance sheet.

6o%erate

-*7**

#B

$%entif& users an% use of accounting inforation.

!iple

#*7(3

(B

4eterine fors of business organi,ation an% t&pes of accounting stan%ar%s. 4eterine issing ites.

!iple

#*7(3

6o%erate

(37(*

!iple

(37)3

*B

+lassif& accounts an% prepare accounting e5uation. "ssess accounting treatent.

6o%erate

(37(*

B

"nal&,e transactions an% calculate onerAs e5uit&.

!iple

)*7-*

0B

"nal&,e transactions an% prepare balance sheet.

!iple

-37*3

1B

6o%erate

-37*3

2B

"nal&,e tr transactions an an% pr prepare fifinancial stateents. Prepare financial stateents.

!iple

)*7-*

#3B

4eterine issing aounts' an% coent.

6o%erate

)*7-*

##B

4iscuss errors an% prepare correcte% balance sheet.

6o%erate

-*7**

)" -"

)B -B

!olutions 6anual

>ie "llotte% ?in.@ ?in.@

#7( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BLOOM’S TAONOMY TABLE +orrelation +hart beteen BlooAs >axono&' Learning Objectives an% En%7of7 +hapter 6aterial

Learning Objective #. $%entif& the the use an% users of accounting an% the objective of financial reporting.

nole%ge Q#7) BE#7# E#7*

+oprehension Q#7# Q#7( E#7# E#7(

"pplication

(. +opare %ifferent fors of business organi,ation .

Q#7BE#7( BE#7BE#7#3 E#7) E#70

P#7(" P#7(B P#7##B

). Explain the buil%ing blocks of accounting: ethics an% the concepts inclu%e% in the conceptual fraeork.

Q#7 Q#70 E#7*

Q#7* Q#71 Q#72 Q#7#3 Q#7## BE#7BE#7* BE#7 E#7E#72 E#7#3 P#7*" P#7*B

P#7(" P#7(B P#7)" P#7)B P#70" P#70B P#7##" P#7##B

-. 4escribe the coponents of the financial stateents an% explain the accounting e5uation.

Q#7#( Q#7#) Q#7#Q#7# BE#7##

BE#70

BE#71 BE#72 BE#7#3 BE#7#BE#7#* E#7 E#70 E#7#) P#7-" P#7-B P#7" P#7B P#70" P#70B P#71" P#71B P#7##" P#7##B

!olutions 6anual

"nal&sis

!&nthesis P#7#" P#7#B

Evaluat ion

BE#7)

#7) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BLOOM’S TAONOMY TABLE !C"#$%#&'() Learning Objective *. "nal&,e the the effects effects of business transactions on the accounting e5uation.

Knowledge Q#7#2 E#7*

. Prepare financial stateents.

Broa%ening Cour Perspective

!olutions 6anual

+oprehension Q#7#0 Q#7(3 E#71 E#72 E#7#3 E#7## P#7*" P#7*B

Q#7#2 Q#7(3 E#72

BCP#7#

!antD !aga BCP#7 

Application "nal&sis Q#7#1 BE#7#( BE#7#) BE#7#E#7#( E#7#) P#70" P#70B P#71" P#71B P#7##" P#7##B BE#7#* BE#7# BE#7#0 BE#7#1 E#7#E#7#* E#7# E#7#0 P#7" P#7B P#70" P#70B P#71" P#71B P#72" P#72B P#7##" P#7##B BCP#7)

!&nthesis

Evaluat ion

P#7#3" P#7#3B

BCP#7-

BCP#7( BCP#7*

#7+hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

ANSWERS TO *UESTIONS #.

Ces. es. "ccou "ccount ntin ing g is the finan financi cial al infor infora ati tion on s&ste s&ste  that that provi provi%e %es s usef useful ul financ financial ial infor inforat ation ion to ever& ever& perso person n ho ho ons ons an% an% uses uses econo econoic ic resources or otherise engages in econoic activit&.

(.

$nte $ntern rnal al user users s are are thos those e ho plan plan'' organ rgani, i,e' e' an% an% run run busi busine ness sses es an% an% inclu%e anagers' supervisors' %irectors' an% copan& officers. External users ork for other organi,ations but have reasons to be intereste% in the copan& copan&As As financi financial al positio position n an% perfora perforance nce'' an% inclu%e inclu%e current current or potential investors ?oners@' an% cre%itors. $nter $nternal nal users users a& ant ant ans ansers ers to sever several al t&pes t&pes of 5ues 5uestio tions ns.. For For exaple' the finance %epartent ants to kno if there is enough cash to pa& the bills. >he arketing %epartent ants to kno hat price the business shoul% use in selling its pro%ucts to axii,e profits. >he huan resources %epartent ants to kno ho an& people the business can affor% to hire. >he pro%uction %epartent ants to kno hich pro%uct lines ake the business the ost profit. Exte Externa rnall users users a& a& ant ant ans ansers ers to severa severall t&pes t&pes of 5uest 5uestion ions. s. For For exaple' investors ant to kno if the copan& is earning enough to give the a return on their investent. +re%itors ant to kno if the copan& is able to pa& its %ebts as the& coe %ue. Labour unions ant to kno hethe hetherr the oners can affor% affor% to pa& increase% increase% ages an% benefits benefits.. +ustoers are intereste% in hether a copan& ill continue to honour its pro%uct arranties an% support its pro%uct lines. >axing authorities ant to kno hether the copan& respects the tax las. egulator& agencies ant to kno hether the copan& is respecting establishe% rules.

).

>he >he ain ain obje objecti ctive ve of of finan financi cial al repo reporti rting ng is is to prov provi% i%e e usefu usefull infor infora atio tion n to invest investors ors an% an% cre%it cre%itor ors s ?exter ?externa nall users users@@ to ake ake %ecis %ecision ions s about about a business. business. hese users ant to kno if the business is running successfull& an% can generate cash an% earn a profit.

!olutions 6anual

#7* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

*UESTIONS !C"#$%#&'() -.

*.

Prop Proprie rieto torsh rships ips'' partn partners ership hips s an% corpo corporat ration ions s are the the three three ain ain fors fors of business organi,ation. >he ain %ifference aong these three fors is the si,e of the business. !ince a proprietorship is a business one% b& one person' it has liite% resources. >he si,e of the business is t&picall& sall an% the life of the business is liite% to the life of the oner. >he si,e of businesses can expan% in the case of a partnership as ore oners are involve% in the %a& to %a& operations of the business. $n or%er to achieve a large si,e' ith a %iverse group of oners' the corporate for is use% to have eas& transferabilit& of the onership through the issuance of shares. "nother "nother iportant %ifference %ifference is that the corporation corporation is a separate separate legal entit& an% pa&s incoe taxes. $n a%%ition' the corporation is the onl& for here here oner oners s have have liite liite% % liabi liabilit lit& & ith ith respe respect ct to the the busin busines ess. s. >he >he folloing are the ain characteristics of each for: a@

" prop propri riet etor orsh ship ip is a priv privat ate e busi busine ness ss ith ith one one onerr ho ho has unliite% liabilit& for the business. >he proprietorship has a liite% life tie% to the life of the oner. oner. >here >here is transparen transparenc& c& beteen beteen the one onerr an% an% the the busi busine ness ss..
b@

" partnership has essentiall& the sae characteristics as a proprietorship except that in a partnership' there is ore than one oner. " partnership nee% not be a private business' although it usuall& is.

c@

For corp corpor orat atio ions ns'' the the one oners rs are one or ore ore share shareho hol% l%er ers s ho ho enjo& liite% liabilit&. >he corporation pa&s incoe taxes an% can have an in%efinite live since its onership units' in the for of shares' are easil& transferre% to other oners.

Ethi Ethics cs is a fun% fun%a aen enta tall busi busine ness ss conc concep ept. t. $f accou account ntan ants ts %o not have have a high high ethic ethical al stan% stan%ar ar%' %' the the infor inforati ation on the& the& pro% pro%uce uce ill ill not not have have an& cre%ibilit&. Ethics are iportant to stateent users because it provi%es the cofort that the financial inforation the& are using is cre%ible an% reliable.

!olutions 6anual

#7 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

*UESTIONS !C"#$%#&'() .

>he >he users users of finan financi cial al infor inforati ation on of publ publicl icl& & accou accounta ntable ble cop copan anies ies hav have e %iffe iffere rent nt nee% nee%s s than than the the user users s of fina financ ncia iall info infor rat atio ion n of priv privat ate e copanies. Publicl& tra%e% corporations are re5uire% to to present financial inforat inforation ion using using accoun accounting ting rules rules that are consiste consistent nt ith those use% use% globall&. >o %o this' public tra%e% copanies nee% to follo $nternational Fina Financ ncia iall epo eport rtin ing g !tan !tan%a %ar% r%s s ?$F ?$F!@ !@.. 4oin 4oing g so help helps s +ana +ana%i %ian an copanies copete in a global arket. But folloing this set of policies an% stan%ar%s is often not essential or cost effective for privatel& one% businesses. >he users of private copan& financial stateents often %o not re5uire the extensive easureents an% %isclosures re5uire% b& $F! an% thus private copanies a& report un%er "ccounting !tan%ar%s for Private Enterprises ?"!PE@.

0.

>he >he report reporting ing enti entit& t& conce concept pt state states s that that econo econoic ic event events s can be i%en i%entif tifie% ie% ith ith a parti particu cular lar unit unit of accou accounta ntabil bilit& it&.. >his >his conce concept pt re5uir re5uires es that that the the activities activities of the entit& be kept separate an% %istinct fro the activities of its oners an% all other econoic entities.

1.

"ccoun "ccounting ting infora inforation tion has relevan relevance ce if it akes akes a %iff %ifferen erence ce in in a %ecisio %ecision. n. Faithful representation shos the econoic realit& of events rather than just their legal for. Faithful Faithful representation representation is achieve% achieve% if the inforation is cop coplet lete' e' neutra neutrall an% an% free free fro fro ater aterial ial error error.. +opl +oplet ete e infor inforat atio ion n inclu%es all inforation necessar& to sho the econoic realit& of the transaction. "ccounting inforation is neutral if it is free fro bias inten%e% to attain a pre%eterine% result or encourage a particular behaviour .

2.

isto istoric rical al cost cost repr represe esents nts the the aou aount nt pai% pai% in a trans transact action ion.. >he fair fair valu value e of an asset is generall& the aount an asset coul% be sol% for in the arket. On the %ate of purchase' fair value an% cost are the sae. "s tie progresses' the fair value changes %epen%ing on the nature of the asset.

#3. $n or%er or%er for an even eventt to be recogni recogni,e% ,e% in the the account accounting ing recor% recor%s' s' the event event ust change the entit&As financial position. Exaples of events that are not transactions inclu%e hiring of eplo&ees an% signing a lease for preises. ##.

>he >he oneta onetar& r& unit conc concept ept state states s that onl& onl& transac transacti tion on %ata that that can be expresse% as an aount of one& a& be inclu%e% in the accounting recor%s. +onse5uentl&' inforation that cannot be objectivel& easure% in %olla %ollars rs canno cannott be inclu% inclu%e% e% as trans transac actio tions ns of the the busin business ess.. $t is also also assue% that the onetar& unit is stable ith respect to the value over several &ears. $n other or%s' inflation is ignore%.

!olutions 6anual

#70 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

*UESTIONS !C"#$%#&'() #(. >he basic basic accoun accounting ting e5uat e5uation ion is "ssets "ssets G Liabilit Liabilities ies H OnerIs OnerIs E5uit E5uit& & an% the expan%e% accounting e5uation is "ssets G Liabilities H OnerIs +apital J OnerAs 4raings H evenue J Expenses. >he e5uation is the basis for recor%ing an% suari,ing all of the econoic events an% transactions of a business. #). #).

?a@ ?a@

"sset ssets s are are reso resour urce ces s cont contro roll lle% e% b& b& a busi busine ness ss as as a resul resultt of past past event events s an% an% fro fro hich hich future future econ econo oic ic bene benefit fits s ?like ?like cash cash@@ are are expecte% to flo into the business. Liabilities are current obligations' arisi arising ng fro fro past past event events' s' the settl settlee eent nt of hic hich h ill ill inclu inclu%e %e an outflo of econoic benefits ?such as cash or services@ Put ore sipl&' liabilities are existing %ebts an% obligations. OnerIs e5uit& is the resi%ual assets in a business after %e%ucting liabilities.

?b@ ?b@

eve evenu nues es an% invest investen ents ts b& the oner oner increas increase e oner onerIs Is e5uit& e5uit&.. 4raings an% expenses %ecrease onerAs e5uit&.

#-. #-.

"cco "ccoun unts ts ece eceiv ivab able le repr repres esen entt aou aount nts s oe% oe% to the the busi busine ness ss b& its its custo custoer ers s for serv service ices s perfo perfore re% % or goo%s goo%s provi provi%e %e%' %' but but for hich hich collection has not &et been receive%. $t is an asset. "ccounts Pa&able represent represent aounts oe% b& the business for services or goo%s receive%' receive%' but for hich pa&ent has not &et been a%e. $t is a liabilit&.

#*. #*.

Profi Profitt or loss loss is the the result result of the calcula calculatio tion: n: reven revenues ues less less expens expenses. es. $f reven revenue ues s excee excee% % expen expense ses' s' the the busin busines ess s has has expe experie rienc nce% e% profit profit.. $f expenses excee% revenues' a loss is experience% b& the business.

#. #.

?a@ ?a@ ?b@ ?b@

"cco "ccoun unts ts for for ass asset ets' s' lia liabi bili liti ties es an% an% on oner erAAs e5ui e5uit& t& are are rep repor orte te% % on the balance sheet. "cco "ccoun unts ts for for reve revenu nue e an% an% expen expense ses s are are repor reporte te% % on the the inco incoe e stateent.

#0. Ces' a busines business s can enter enter into into a transacti transaction on in hich hich onl& onl& the left left si%e si%e of the accounting e5uation is affecte%. "n exaple oul% be a transaction here an increase in one asset is offset b& a %ecrease in another asset' such as hen e5uipent is purchase% for cash ?resulting in an increase in the e5uipent asset account hich is offset b& a %ecrease %ecrease in the cash asset account@.

!olutions 6anual


*UESTIONS !C"#$%#&'() #1. #1.

=o' =o' this treat treaten entt is not prope properr. hile hile the transa transacti ction on %oes %oes involve involve a %isburseent of cash' it %oes not represent an expense. Expenses are %ecreases in onerIs e5uit& resulting fro business activities entere% into for for the the purpo purpose se of earnin earning g profi profit. t. >his >his transa transacti ction on is a ith% ith%ra raal al of capital fro the business b& the oner an% shoul% be recor%e% as a %ecrease in both cash an% onerAs e5uit&.

#2. #2.

Fina Financ ncia iall stat state een ents ts are are prep prepar are% e% the the foll follo oin ing g or%e or%er: r: #@ $nco $ncoe e stateent (@ !tateent of onersA e5uit& an% )@ Balance sheet. >his se5u se5uenc ence e is neces necessa sar& r& becau because se the the prof profit it or loss loss calcu calcula late% te% on the incoe stateent is use% in the stateent of onerAs e5uit&' reporting the aoun aounts ts that that affec affectt the onerA onerAs s e5uit e5uit& & %urin %uring g the the &ear &ear. >he >he en%ing en%ing balance on the stateent of onerAs e5uit& is the &ear7en% balance of the onerAs capital account. >hat balance is nee%e% in the Balance sheet.

(3. $t is likel& likel& that that the use of roun roun%e% %e% figure figures s oul% oul% not change change the the %ecisio %ecisions ns a%e b& the users of the financial stateents. "s ell' presenting the infor inforat ation ion in this this anne annerr ake ake the state statee ents nts easie easierr to rea% rea% an% an% anal&,e' thereb& increasing their usefulness to the users.

!olutions 6anual


SOLUTIONS TO BRIEF EERCISES

BRIEF EERCISE 1-1 U0' U0'  O3#' M+5'$%#6 +#+6' C'(%$" C9%' %#+#%+ "%' L+,"& &#%"#

!+) K%#( " D'%0% D' %0%"# "# 4 8 2  1

!,) I#$'#+ " E$'# E$ '#+ + U0' U0'  I#$'#+ I#$'#+ E$'#+ I#$'#+ E$'#+

BRIEF EERCISE 1-2 !+) !,)

!)

P

C PP

BRIEF EERCISE 1-8 !+) !+)

T9' 0$&(' T9' 0$&('#$ #$ %0 ;"< ;"<%( %('( '( 3%$9 3%$9 $9' $9' ";;" ";;"$& $&#% #%$= $= $" 9'+ 9'+$$ "# +# '+.

!,)

A ;" ;"(& (&$ $%" %"# # 0&;' 0&;'< <%0 %0" " %69 %69$$ ,'" ,'"' ' +3+ +3+' ' " + ('' (''$ $ %# + ";+#=’0 ;"(&$ $9+$ %0 '+(= $" 09%; ,&$ 9%0/9' ,"#&0 %0 ,+0'( "# <"&' " 09%;'#$0.

!) !)

A ,+#5 ,+#5' ' %0 +,' +,' $" +;; +;;"< "<' ' + "+# "+# " " +# &#>&+ &#>&+% %% %'( '( +%= ','.

BRIEF EERCISE 1-4 !+) !,) !) !() !')

F F T T T

!olutions 6anual

#7#3 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BRIEF EERCISE 1- !+) !,) !) !()

F F T T

BRIEF EERCISE 1-? !+) !,) !) !() !')

. 1. 4. 2. 8.

M"#'$+= &#%$ H%0$"%+ "0$ R';"$%#6 '#$%$= R'<'#&' '"6#%$%"# G"%#6 "#'# +00&;$%"#

BRIEF EERCISE 1-7 C";"#'#$ !+) !,) !) !() !')

R'<'#&'0 A00'$0 O3#'’0 '>&%$= L%+,%%$%'0 E;'#0'0

B++#' S9''$ " I#"' S$+$''#$ I#"' S$+$''#$ B++#' S9''$ B++#' S9''$ B++#' S9''$ I#"' S$+$''#$

BRIEF EERCISE 1-@ !+)

7 7   24 24    1 1  !O3#' !O3#'0 0 E>&%$= E>&%$=))

!,) 1 1   1 1    241 241   !A00 !A00'$0 '$0)) !)

@ @   2 2    87 87  !L%+,% !L%+,%%$ %$%'0 %'0))

!olutions 6anual

#7## +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BRIEF EERCISE 1- !+)

12 12   282 282    82 82   !A00' !A00'$0) $0)

!,) !,) 1    1    !T"$+ %+,%%$%'0) !)

@ @   !@ !@   )  4 4   !O3#' !O3#'’ ’0 0 '>&%$= '>&%$=))

BRIEF EERCISE 1-1 A00'$0  L%+,%%$%'0  O3#'’0 E>&%$= @     O3#'’0 E>&%$=  A00'$0  L%+,%%$%'0 8  @   !+)

!@ !@    18 18 ) )  ! !    @ @ ) )  1 !O3#'0 '>&%$=)

!,) ! !     ) )  !8 !8    4 4   1 1  ))  @1 !A00'$0) !) !)

!@ !@    4 4 )  ! !     ) )  8 8  '#(%#6 ,++#' O3#'’0 '>&%$= 8  4  8  18 P"%$

BRIEF EERCISE 1-11 1. 2. 8. 4. . ?.

A"&#$0 ''%<+,' S++%'0 ;+=+,' E> E>&%;'#$ S&;;%'0 O3#'’0 +;%$+ N"$'0 ;+=+,'

!olutions 6anual

A L A A OE L

#7#( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BRIEF EERCISE 1-12 T+#0+$%"# !+) !,) !) !() !') !) !6)

A00'$0 2  J8 J2 1 J4 NE  / J 4

!9) !%)

O3#'0 E>&%$= D+3%#60 R'<'#&'0 NE NE NE  NE NE NE NE NE NE J4 NE NE NE

L%+,%%$%'0 2 NE NE J2 NE NE NE

C+;%$+ NE NE NE NE 1 NE NE

E E;'#0'0 NE NE J8 NE NE NE NE

NE

NE

NE

NE

NE

4

NE

NE

NE

NE

BRIEF EERCISE 1-18 !+) !,) !) !()

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BRIEF EERCISE 1-14 E R I E R E D

!olutions 6anual

!+) !,) !) !() !') !) !6)

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#7#) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BRIEF EERCISE 1-1 !+) !+) !,) !) !) !()

?@ ?@    2 2         (+3 (+3%# %#60 60 7 7   ? ?    88 88    ?@ ?@    ;"% ;"%$$ 8 8   ? ?   E#(% E#(%#6 #6 ,+ ,++# +#' ' 21 214 4  O;'# O;'#%# %#6 6 ,++ ,++# #' ' 21 21 ?  2  17  12  

BRIEF EERCISE 1-1? PRAIRIE COMPANY I#"' S$+$''#$ M"#$9 E#('( O$",' 81 217 R'<'#&'0 S'<%' '<'#&'................................................ E;'#0'0 A(<'$%0%#6 ';'#0'...................... ';'#0'......................................... ................... 8? R'#$ ';'#0'........................................... ';'#0'.................................................... ......... 2? T"$+ ';'#0'0............................................. P" P"%%$... $..... .... .... ....... ...... ...... ...... ...... ....... ...... ....... ...... ...... ...... ...... ....... ...... ........ ...... .... .... .... .... .... ....

28

?2 1?@ 1?@ 

BRIEF EERCISE 1-17 PRAIRIE COMPANY S$+$''#$ " O3#'0 E>&%$= M"#$9 E#('( O$",' 81 217 N. W""(0 C+;%$+ O$",' 1............................... A((: P"%$.......................................................... L'0 L'00: D+3%#60.............................................. ....... ........ N. W" W""(0 C+ C+;%$+ O O$",' 81 81.............................

!olutions 6anual

8? 1?@ 2@ ? 4?@

#7#+hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

BRIEF EERCISE 1-1@ PRAIRIE COMPANY B++#' S9''$ O$",' 81 217 A00'$0 C+09 ..................................... ....................................................... ..................................... ............................. ..........  8 A"&#$0 A"&#$0 ''%<+ ''%<+,'... ,'........ .......... .......... ......... ......... .......... ........... ................. .................... ......... 77 77 T"$+ +00'$0.......................... +00'$0............................................. ....................................... .................... 18?@ L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 A"&#$0 ;+=+,'.......................... ;+=+,'............................................. ............................. ..........   O3#'0 '>&%$= N. W""(0 +;%$+..................................... +;%$+.................................................... .................. ... 4?@ T"$+ %+,%%$%'0 %+,%%$%'0 +#( "3#'0 '>&%$=.................... '>&%$=.................... 18?@

!olutions 6anual

#7#* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

SOLUTIONS TO EERCISES EERCISE 1-1 !+)

C&0$"' S$"' +#+6' C+#+(+ R'<'#&' A6'#= S&;;%' L+,"& &#%"#0 C9%' F%#+#%+ O%' M+5'$%#6 +#+6' L"+# "%'

E - E$'#+ I - I#$'#+ E - E$'#+ E - E$'#+ E - E$'#+ I J I#$'#+ I - I#$'#+ E - E$'#+

!,) C+# C+# $9' $9' " ";+ ;+#= #= +" "( ( $" $" 6%< 6%<' ' "& "& ',' ','0 + ;+= ;+= +% +%0' 0' 

E

H"3 ("'0 $9' ";+#=’0 ;"%$+,%%$= ";+' 3%$9 "$9' ";+#%'0 %# $9' %#(&0$=

E

D" 3' #''( $" ,""3 "#'= %# $9' #'+ &$&'

I

W9+$ ("'0 %$ "0$ $" +#&+$&' '+9 &#%$ ;"(&'(

I

H+0 $9' ";+#= ;+%( + %#"' $+ +"&#$0 "3%#6

E

W9%9 ;"(&$ 09"&( 3' ';9+0%'

!olutions 6anual

I

#7# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

EERCISE 1-2 !+) !+)

C9%' 9%' F%#+ F%#+# #%%+ O% %'  C+# C+# && &&' '"# A$9 A$9' '$% $%+ I#. #. 6'#'+$' '#"&69 +09 $" ';+#( %$0 ;"(&$ %#' H&+# R'0"&' M+#+6'  W9+$ %0 &&'"# A$9'$%+ I#.’0 +##&+ 0++= ';'#0'

!,) !,) C'(% '(%$" $"  D"'0 "'0 && &&'" '"# # A$9 A$9' '$%+ $%+ I#. #. 9+< 9+<' '#" #"& &69 +09 +<+%+,' $" +5' %$0 "#$9= (',$ ;+='#$0 I#<'0$"  H"3 &9 (%( &&'"# A$9'$%+ I#. ;+= %# (%<%('#(0 +0$ ='+

EERCISE 1-8

P"; P";% %'$ '$" "09 09%; %; F F F F F F T F

!+) !,) !) !() !') !) !6) !9)

P+$ P+$#' #'0 09% 9%; ; F F F F F T T F

P&,%= T+('( C";"+$%"# T F T T T T F T

EERCISE 1-4 !+) !,) !) !() !') !)

2 1  ? 4 8

!olutions 6anual

F+%$9& ';'0'#$+$%"# R''<+#' N'&$+%$= U#('0$+#(+,%%$= V'%%+,%%$= C";++,%%$=


EERCISE 1- !+) !,) !) !() !') !) !6) !9) !%) !) !5) !)

@ 1 1 11 12  8 7 4 ? 2 

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EERCISE 1-? !+) !,) !,) !) !() !() !') !')

?@ - 4 -  - 8  2 1@ @ - ? ?@ @  112 2 S+' +0 !,) 112 2?2 ?2 - 2 217 7  4 4  212 12 J 1 112  1 1 

!olutions 6anual


EERCISE 1-7 T9' 0$+$''#$ " "3#'’0 " 3#'’0 '>&%$= %0 + +&+$%"# ;'0'#$'( %# 0$+$''#$ " $9''"' 3' +# &0' $9' ""3%#6 '>&+$%"# +#( 0"<' " $9' #"3# %# $9%0 >&'0$%"#: O3#'’0 '>&%$= ,'6%##%#6 " ;'%"(  O3#'’0 %#<'0$'#$0  P"%$ !"00) " $9' ;'%"( J O3#'’0 3%$9(+3+0  O3#'’0 '>&%$= '#( " ;'%"(

!+)

O3#'’ O3 #'’0 0 '>&%$= '>&%$= D'', D'',' ' 81 81 217 217  87 87  J 21 21   1?   1  P"%$!"00) -   1? P"%$!"00)  1? - 1   P"%$ !"00)  11

!,) O3#'’0 O3#'’0 '>&%$= '>&%$= D'' D'',' ,' 81 21@  44 44  - 2 2   1 1? !0'' +)  4  P"%$!"00) -   1 P"%$!"00)  1 - 1? - 4 P"%$ !"00)  !) !)

O3#'’ O3 #'’0 0 '>&%$= '>&%$= D'', D'',' ' 81 81 21 21  2 2  - 8 8   17

1 1   !0'' !0'' ,)  1 1    P" P"%$ %$! !"0 "00) 0) - ? ?    17 P"%$!"00)  17 - 1 - 1  ? P"%$ !"00)  7

!olutions 6anual


EERCISE 1-@ 1. 2. 8. 4. . ?. 7. @. . 1. 11. 12. 18. 14. 1. 1?.

A"&#$0 ;+=+,' A"&#$0 ''%<+,' C+09 E>&%;'#$ I#$''0$ ;+=+,' I#$''0$ '<'#&' I#$''0$ ';'#0' I#<'0 #<'0$ $' '#$ ,= $9' $9' "3 "3#' #' S'<%' '<'#&' P';+%( '#$ P. % %' ' +;% +;%$+ $+ !";'#%#6 ,++#') P. %' (+3%#60 S++%'0 ';'#0' S&;;%'0 S&;;%'0 ';'#0' U#'+#'( '<'#&'

!olutions 6anual

!+) L A A A L E> E> E> E> A

!,) BS BS BS BS BS IS IS OE IS BS

E> E> E> A E> L

OE OE IS BS IS BS

#7(3 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

EERCISE 1- !+) +#( !,) 1. T9%0 T9%0 +"& +"&#$% #$%#6 #6 $'+$ $'+$'#$ '#$ %0 %#" %#"'$ '$ +0 %$ <%"+$ <%"+$'0 '0 $9' 9%0$"%+ "0$ ;%#%;'. L+#( 3+0 ';"$'( +$ %$0 +5'$ <+&' 39'# %$ 09"&( 9+<' ,''# '"('( +#( ';"$'( +$ "0$. 2. T9%0 +"&#$%#6 $'+$'#$ %0 "'$. A$9"&69 + "%$'#$ " &$&' ;+='#$0 %0 ;&$ %#$" ;+' 39'# $9' '+0' %0 0%6#'( +# '9+#6' 9+0 #"$ ='$ $+5'# ;+' 0" $9'' %0 #" $+#0+$%"# $9+$ #''(0 $" ,' '"('(. A$ $9%0 $%' + $9+$ %0 '>&%'( "#'#%#6 $9%0 '+0' %0 $" (%0"0' $9' ('$+%0 " $9' "%$'#$ %# $9' #"$'0 $" $9' %#+#%+ 0$+$''#$0. 8. T9%0 T9%0 +"& +"&#$% #$%#6 #6 $'+$ $'+$'#$ '#$ %0 %#" %#"'$ '$ +0 %$ <%"+$ <%"+$'0 '0 $9' ';" ';"$ $%%#6 '#$%$ #$%$= = +00& 0&;$% ;$%"# "#.. A# "3 "3#' #'’ ’0 0 ;' ;'0"# "#+ + $+#0+$%"#0 09"&( ,' 5';$ 0';++$' " $9"0' " $9' ,&0%#'00. I#0$'+( " ,'%#6 9+6'( +0 +# ';'#0' $" $9' ,&0%#'00 $9' $+#0+$%"# 09"&( ,' '"('( +0 (+3%#60 $+5'# ,= $9' "3#'. 4. T9%0 T9%0 +" +"&#$ &#$%# %#6 6 $'+ $'+$ $'# '#$$ %0 %#" %#" ' '$ $ ,'+ ,'+&0 &0' ' +$ $9' $9' $%' " ;+='#$ $9' %#0&+#' "<'+6' 9+( #"$ ='$ ,''# &0'( &0'( &; &;.. T9 T9' ' +"& +"&#$ #$ 09"& 09"&( ( 9+<' 9+<' ,''# ,''# '" '"( ('( '( $" P';+%( I#0&+#'. E<'#$&+= 39'# $9' "<'+6' ';%'0 +$ $9' '#( " "#' ='+ $9' & +"&#$ " 12 3% 9+<' ,'"' %#0&+#' ';'#0'. . T9% T9%0 +"& "&#$ #$%# %#6 6 $'+ $'+$ $' '#$ %0 ;+$% +$%+ += = "' "' $. I$ %0 +00&'( $9+$ + ";+#= %0 + 6"%#6 "#'# &#'00 $9' #"$'0 0$+$' "$9'3%0'. C"#0'>&'#$= $9' 0$+$''#$ %# $9' #"$'0 $9+$ $9' ";+#= %0 + 6"%#6 "#'# #''( #"$ ,' +(('(. O# $9' "$9' 9+#( $9' ";+#= %0 '>&%'( $" +5' $9' (%0"0&' $9+$ %$ %0 ""3%#6 ASPE.

!olutions 6anual

#7(# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

EERCISE 1-1 !+) +#( !,) 1. T9% T9%0 %0 + $+ $+#0+ #0+$%"# $%"# $9+ $9+$ 09" 9"& &( ( ,' ' '"(' "('( ( %# $9' $9' +"&#$0 +0 $9'' 9+0 ,''# +# '9+#6' " +00'$0. C+09 3+0 '(&'( +#( '>&%;'#$ 3+0 %#'+0'(. T9' 9%0$"%+ "0$ "0$ " 1 1   09"& 09"&( ,' &0'( &0'( 39 39'# '# '" '"( (%# %#6 6 $9%0 $9%0 $+#0+$%"#. 2. T9% T9%0 %0 + $+ $+#0+ #0+$%"# $%"# $9+ $9+$ 09" 9"& &( ( ,' ' '"(' "('( ( %# $9' $9' +"&#$0 +0 $9'' 9+0 ,''# +# '9+#6' " +00'$0. C+09 3+0 '(&'( +#( '>&%;'#$ 3+0 %#'+0'(. T9' $+#0+$%"# %0 $" ,' '"('( %# C+#+(%+# &#(0 %# "(' $" " ""3 "3 $9' $9' " "#' #'$+ $+= = &# &#%$ %$ "# "#'; ';$ $ 0" $9' $9' +"& +"&#$ #$ $9+$ $9+$ 09"&( ,' &0'( 39'# '"(%#6 $9%0 $+#0+$%"# %0 2. 8. T9% T9%0 %0 + $+ $+#0+ #0+$%"# $%"# $9+ $9+$ 09" 9"& &( ( ,' ' '"(' "('( ( %# $9' $9' +" +"&# &#$0 $0 ,'+ ,'+&0 &0' ' + ;'" ;'" +# +#' ' ", ",% %6+ 6+$% $%"# "# 9+0 9+0 ,''# ,''# "; ";' '$' $'( ( '+ '+$' $'( ( $" + "#$ "#$+ +$ $ 3% 3%$9 $9 + &0$ &0$" "' ' +#( +#( +"&#$0 ''%<+,' 09"&( ,' %#'+0'( +0 $9' ";+#= #"3 9+0 + %69$ $" ;+='#$. ;+='#$. T9' +"&#$ +"&#$ " 4 4 09"&( ,' &0'( 39'# '"(%#6 $9%0 $+#0+$%"#. 4. T9%0 T9%0 %0 #" #"$$ + $+# $+#0+ 0+ $%"# $%"# +0 +# '9 '9+# +#6' 6' 9+0 9+0 #" #"$$ ='$ ='$ "&'(. . T9% T9%0 %0 + $+ $+#0+ #0+$%"# $%"# $9+ $9+$ 09" 9"& &( ( ,' ' '"(' "('( ( %# $9' $9' +"& +"&#$0 #$0 ,'+&0 ,'+&0' ' +# +00'$ +00'$ +09 +09 9+0 %#'+ %#'+0' 0'( ( +#( + %+,%%$= 9+0 ,''# '+$'( !&#'+#'( '<'#&') $" ;'" 0'<%'0 $" $9' &0$"' +$ + &$&' (+$'. T9' +"&#$ " 4 09"&( ,' &0'( %# 39'# '"(%#6 $9%0 $+#0+$%"#.

!olutions 6anual

#7(( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

EERCISE 1-11 1.

P&9 &9+ +0' %#< %#<'#$" #$"= = "# "# ' '(% (%$. $. I#'+ I#'+0'0 0'0 +# +00'$ +00'$ !%#<' !%#<'#$" #$"=) =) +#( %#'+ %#'+0'0 0'0 + %+,% %+,%%$= %$= !+"&#$0 ;+=+,').

2.

I#<' #<'0$' $'#$ + +(' ,= ,= "3 "3#'. I#'+ I#'+0'0 0'0 +# +00' +00'$$ !+09) !+09) +#( %#'+ %#'+0' 0'0 0 "3# "3#'’ '’0 0 '>&%$= '>&%$= !"3#'’0 +;%$+).

8.

P+='# ='#$$ " +"& "&#$ #$0 0 ;+= ;+=+,' ,'. D' D''+ '+0' 0'0 0 +# +00' +00'$$ !+0 !+09) 9) +#( +#( (' (''+ '+0' 0'0 0 + %+, %+,% %%$ %$= = !+"&#$0 ;+=+,').

4.

W%$9(+3+ " +09 ,= $9' "3#' " ;+='#$ " +# ';'#0'. D''+0'0 +# +00'$ !+09) +#( (''+0'0 "3#'’0 '>&%$= !(+3%#60 " ';'#0').

.

R'" R'"( ( 0++ 0++% %'0 '0 (& (&' ' $" '; ';"= "='' ''0. 0. I# I#'+ '+0' 0'0 0 + %+, %+,% %%$ %$= = !0+ !0++ +%' %'0 0 ;+=+ ;+=+, ,') ') +#( +#( (' (''+ '+0' 0'0 0 "3#'’0 '>&%$= !';'#0').

?.

C"' "'$ $ +# + +"& "&#$ #$0 0 ' ''%< '%<+ +,' ,'. I#'+0'0 "#' +00'$ !+09) +#( (''+0'0 +#"$9' +00'$ !+"&#$0 ''%<+,').

N"$': T9'0' +' '+;'0. T9'' +' "$9' "'$ '0;"#0'0.

!olutions 6anual

#7() +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.
e&gan%t' ieso' iel' >renhol' arren' =ovak

"ccounting Principles' ! eventh +ana%ian E%ition

EERCISE 1-12 A00'$0  A"&#$0 R'.

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  E>&%;'#$ 28

 A"&#$0 P+=+,' 4



 N"$' P+=+,'

O3#'0 E>&%$=  G. B%0$' C+;%$+ 2?

G. B%0$' D+3%#60

 R'<'#&'0 E;'#0'0

 2 J8

J2 7 J1 J

28 484

!olutions 6anual

L%+,%%$%'0

1 8 8 

J2

J1

1@ 1@ 

J1 J? J? 

2? 2? 

J J

7 7 

  484

#7(8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #

"ccounting Principles' !eventh +ana%ian E%ition

EERCISE 1-18 !+) !+)

1.

O3#' #' %#< %#<'0$'( $'( 1 1@  +09 +#( +#( '>& '>&%%; ;' '#$ 3% 3%$9 $9 $9' +% <+&' " ? %# $9' $ 9' ,&0%#'00. 2. P&9+ P&9+0' 0'( ( '>&%; '>&%;'# '#$$ " @ @  ;+= ;+=%#6 %#6 4 4 %# +09 +09 3%$9 $9' ,++#' " 4 "# +"&#$. 8. P'; P';+% +%( ( " " %#0& %#0&+ +# #' ' " " 7 7 +09 +09.. 4. E+#' #'( @8 8 %# 0'<% <%' '< '<'#& #&' ' ''% ''%<% <%#6 #6 8 8  +09 3%$9 $9' '+%#%#6 4@ "# +"&#$. . P+%( P+%( 2 2   +0 +09 9 "# +" +"&# &#$0 $0 ;+=+ ;+=+, ,'. '. ?. B. S$+ S$+ 3%$9 3%$9(' ('3 3 8 88 8 +09 +09 " " ;'0"# ;'0"#+ + &0'. &0'. 7. P+%( P+%( @ @  +09 +09 " " '# '#$$ " $9' $9' "#$ "#$9 9 " & &= =. @. C"' C"'$' $'( ( 18 18  +09 +09 " " &0$ &0$"' "'0 0 "# + +"&# "&#$. $. . P+%( 0++% +%' '0 " " 2 27 7. . 1. I#&'( I#&'( 42 42 " &$%%$%' &$%%$%'0 0 ';'#0' ';'#0' "# "# +"&#$. +"&#$.



EERCISE 1-18 !+) !+)

1.

O3#' #' %#< %#<'0$'( $'( 1 1@  +09 +#( +#( '>& '>&%%; ;' '#$ 3% 3%$9 $9 $9' +% <+&' " ? %# $9' $ 9' ,&0%#'00. 2. P&9+ P&9+0' 0'( ( '>&%; '>&%;'# '#$$ " @ @  ;+= ;+=%#6 %#6 4 4 %# +09 +09 3%$9 $9' ,++#' " 4 "# +"&#$. 8. P'; P';+% +%( ( " " %#0& %#0&+ +# #' ' " " 7 7 +09 +09.. 4. E+#' #'( @8 8 %# 0'<% <%' '< '<'#& #&' ' ''% ''%<% <%#6 #6 8 8  +09 3%$9 $9' '+%#%#6 4@ "# +"&#$. . P+%( P+%( 2 2   +0 +09 9 "# +" +"&# &#$0 $0 ;+=+ ;+=+, ,'. '. ?. B. S$+ S$+ 3%$9 3%$9(' ('3 3 8 88 8 +09 +09 " " ;'0"# ;'0"#+ + &0'. &0'. 7. P+%( P+%( @ @  +09 +09 " " '# '#$$ " $9' $9' "#$ "#$9 9 " & &= =. @. C"' C"'$' $'( ( 18 18  +09 +09 " " &0$ &0$"' "'0 0 "# + +"&# "&#$. $. . P+%( 0++% +%' '0 " " 2 27 7. . 1. I#&'( I#&'( 42 42 " &$%%$%' &$%%$%'0 0 ';'#0' ';'#0' "# "# +"&#$. +"&#$.

!,) R'<' R'<'#&' #&'0.. 0..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... .. R'#$ R'#$ ';' ';'#0 #0'. '... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ..... ..... ..... ..... ..... ..... ... S++ S++%'0 %'0 ';'# ';'#0'. 0'.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ........ .... U$%%$%'0 U$%%$%'0 ';'#0'.. ';'#0'....... .......... .......... ......... ......... .......... ............. .................. ................... ......... P"%$.... P"%$......... ......... ......... .......... .......... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ....... !)

@8 @8  !@ !@)) !27 !27) ) !42) !42) 48@ 48@

I#<'0$ I#<'0$' '#$. #$.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... 24 24  P"%$.... P"%$......... ......... ......... .......... .......... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ....... 48@ 48@ D+3%#60. D+3%#60..... ......... .......... .......... ......... ......... .......... .......... .............. ................... .................... ............ .. !88) !88) I#'+0' I#'+0' %# "3#'’0 "3#'’0 '>&%$=..... '>&%$=......... ......... ......... ......... .......... .......... ......... ......... ..... 2@ 2@

!olutions 6anual

#7(* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


EERCISE 1-14 STAR Q CO. I#"' S$+$''#$ M"#$9 E#('( &= 81 217 R'<'#&'0 S'<%' '<'#&'................................................ E;'#0'0 S++%'0 ';'#0'............................. ';'#0'............................................... .................. 27 R'#$ R'#$ ';' ';'#0 #0'. '... .... .... .... .... .... .... .... .... ..... ...... ...... ..... ..... ..... ..... ..... ..... ..... ..... ..... .... .. @ @ U$%%$%'0 U$%%$%'0 ';'#0'.. ';'#0'....... .......... ............. .................. .................... ................. ....... 42 T"$+ ';'#0'0............................................. P"%$ %$......................................................... ....... .......... .......... ....

@8

82 48@

STAR Q CO. S$+$''#$ " O3#'0 E>&%$= M"#$9 E#('( &= 81 217 B. S$+ C+;%$+ &= 1........................................... A((: I#<'0$'#$0...............................................24 P"%$ P"%$... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ........ ....... ... 48@ 48@ L'0 L'00: D+3%#60.............................................. ....... ........ B. S$+ C+;%$+ &= 81................................ ....... .......... ....





2@8@ 2@8@  2@8@ 88 2@

EERCISE 1-14 !C"#$%#&'()

!olutions 6anual

#7( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


STAR Q CO. B++#' S9''$ &= 81 217 A00'$0 C+09..... C+09 .......... .......... .......... ......... ......... .......... .......... ......... ......... ......... ......... .......... .......... ......... ........... ............. ......  8 8 A"&# A"&#$0 $0 ''%< ''%<+, +,'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ....... ... 84 84 P'; P';+% +%( ( %#0 %#0&+# &+#' '.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. 7 7 E>&%;'#$... E>&%;'#$........ ......... ......... .......... .......... ......... ......... ............. .................. .................... .................... .......... 14 14 T"$+ +00'$0.. +00'$0....... .......... .......... .......... ......... ......... ......... ......... .......... .......... ............ ............... ........ 27 27 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 A"&#$0 A"&#$0 ;+=+,'.. ;+=+,'....... .......... .......... .......... ......... ......... ......... ......... .......... .......... .......... .....  242 O3#'0 '>&%$= B. S$+ S$+ C+;%$+.. C+;%$+....... ......... ......... .......... .......... ......... ......... ......... ........... ................. .............. .... 2@ 2@ T"$+ %+,%%$% %+,%%$%'0 '0 +#( "3#'0 "3#'0 '>&%$=. '>&%$=...... ......... ......... .......... ..... 27 27

!olutions 6anual



EERCISE 1-1 ATLANTIC CRUISE CO. I#"' S$+$''#$ Y'+ Y'+ E#('( M+= 81 81 217 R'<'#&'0 T%5'$ ' '<'#&'.............................................. 8?4 E;'#0'0 S++%'0 ';'#0'.......................................... ';'#0'.......................................... 12? M+%# M+%#$' $'#+ #+# #' ' ';' ';'#0 #0'. '... .... .... .... .... .... .... .... ..... ...... ...... ..... ..... ..... .... @2@ @2@7 7 O$9' O$9' ';'# ';'#0'0 0'0... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ...... .. ?? ?? I#$'' I#$''0$ 0$ ';'# ';'#0'. 0'.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ...... 2? 2? A(<'$%0% A(<'$%0%#6 #6 ';'#0'.. ';'#0'...... ......... ......... ........... ................. .............. .... 8?4 8?4 I#0&+ I#0&+#' #' ';'#0 ';'#0'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ...... .. 2?? 2?? T"$+ ';'#0'0......................................... 884@? P"%$..................................................................  47 4714 ATLANTIC CRUISE CO. S$+$''#$ " O3#'0 E>&%$= Y'+ Y'+ E#('( M+= 81 81 217 I. T' T''5"<+ C+ C+;%$+ & &#' 1 21?................. A((: A((: I#<'0 I#<'0$' $'#$0 #$0... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ...... P"%$ P"%$... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ...... .. L'00: D+3%#60................................................ I. T''5"<+ C+;%$+ M+= 81 217................

!olutions 6anual

8111@2 @47 @47 471 4714 4

8 81 1 8?41@8 88 88288



EERCISE 1-1? ATLANTIC CRUISE CO. B++#' S9''$ M+= 81 217 A00'$0 C+09 C+09... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ....... ... A" A"&# &#$0 $0 '' ''%< %<+, +,' '.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ..... ..... ..... ..... ...... ...... ...... ...... ..... ..... ..... .. P'; P';+% +%( ( %#0& #0&+# +#' '.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. B&%(% B&%(%#6. #6.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... E>&%; E>&%;'#$ '#$... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ....... ... T"$+ "$+ +00'$0 +00'$0... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ...... ..

 2@ 2@ 42 42  1?@ 1?@  12@ 12@8 8 122 1227 7 88 88  7? 7?@8 @8

L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 N"$'0 ;+=+, ;+=+,'. '.... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ........ ........ ....... ... A"&# A"&#$0 $0 ;+=+, ;+=+,'.. '..... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ....... ... T"$+ "$+ %+,% %+,%%$% %$%'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... .. O3#'0 '>&%$= I. T' T''5 '5"<+ "<+ C+;%$ C+;%$+. +.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... .. T"$+ "$+ %+,% %+,%%$% %$%'0 '0 +#( "3# "3#' '0 0 '>&%$=. '>&%$=........ ............. ......

!olutions 6anual

87 87  477 477 42?7 42?7  882 88288 88 7? 7?@8 @8



EERCISE 1-17 !+)

R'<' R'<'#&' #&'0 0+ +;%# ;%#6 6 ''0. ''0.... ....... ........ ........ ........ ........ ........ ........ ........ ........ ...... R'<'#&'0 R'<'#&'06'#' 6'#'+ + 0$"'...... 0$"'.......... .......... ................ .................... ................ ...... T"$+ '<'#&'.. '<'#&'....... .......... .......... ......... ......... .......... .......... ......... ......... .......... .......... ..... O;'+$%#6 O;'+$%#6 ';'#0'0.... ';'#0'0........ ......... ......... ......... .......... .......... .............. ................... .......... P"%$.... P"%$......... ......... ......... .......... .......... ......... ......... ......... ......... .......... .......... ........... ................ .............. ....

1 1  4 4 1 1 1 1  4 4

!,) . C&,= C&,= C+;%$+ C+;%$+ A;% 1 21?..... 21?.......... ............... .................... ............ .. 17 17 A((: P"%$..... P"%$......... ......... ......... ......... .......... .......... ......... ......... ............ ................. ............... ..... 4 4 7 L'00: L'00: . C&,= C&,= D+3%#60... D+3%#60............. .................... .................... ................ ......   . C&,= C&,= C+;%$+ C+;%$+ M+9 M+9 81 81 217..... 217......... ......... ......... ......... .......... ..... 2 2

!olutions 6anual

#7)3 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


EERCISE 1-17 !C"#$%#&'() !) DEER PARK B++#' S9''$ M+9 81 217 A00'$0 C+09 ..................................... ........................................................ ........................................ .....................  4 A"&#$0 A"&#$0 ''%<+, ''%<+,'... '....... ......... ......... ......... .......... ............... .................... ............... ..... 21 21 S&;;% S&;;%'0 '0... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ....... ... 2 2 P'; P';+% +%( ( %#0& %#0&+ +# #'. '... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ...... ..... ..... ..... ? ? E>&%;'#$.................................................... E>&%;'#$.................................................................. ................ 11 T"$+ +00'$0............................ +00'$0............................................................. .................................148 148 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 ;+=+,'........................... ;+=+,'................................................... .............................. ......  7 A"&#$0 ;+=+,'............................ ;+=+,'................................................... ....................... 11 U#'+#'( U#'+#'( '<'#&'.. '<'#&'....... .......... .......... ......... ......... ................ ..................... ............. ... 1 1 T"$+ %+,%%$% %+,%%$%'0.. '0....... .......... .......... ......... ......... .............. ................... ................. ....... 1 1 O3#'0 '>&%$= . C&,= C&,= C+;%$+............................ C+;%$+............................................... ........................ ..... 2 T"$+ %+,%%$%'0 +#( "3#'0 '>&%$=...................148 '>&%$=................... 148

!olutions 6anual

#7)# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


SOLUTIONS TO PROBLEMS PROBLEM 1-1A 1. !+) !+) I# ('%( ('%(%# %#6 6 $" '$' '$'#( #( '(% '(%$$ $" + #'3 #'3 &0$" &0$"' ' P%' P%'0" 0"# # I#( #(& &0$%'0 %0 +# '$'#+ &0' &0' " $9' +"&#$%# $%#6 %#"+$%"# " %$0 &0$"'0. !,) !,) P%' P%'0" 0"# # I#(& I#(&0$ 0$% %'0 '0 3" 3"& &( ( "& "&0 0 %$0 %$0 +$$' +$$'#$ #$%" %"# # "# $9' $9' %#" %#"+$% +$%"# "# +,"&$ +,"&$ $9' &0$" &0$"'’ '’0 0 '"#" '"#"% % '0"& '0"&'0 '0 +#( +%0 $" $9"0' '0"&'0. T9' $'0 " $9' '(%$ $9'= +' '$'#(%#6 $" &0$"'0 '>&%'0 "'$%"# %# + 09"$ "$ ;'%"( " $%'. F&#(0 &0'( $" ;+= P%'0"# I#(&0$%'0 3"&( "' " +09 "# 9+#(. T9' ,++#' 09''$ 3% 09"3 % $9' #'3 &0$"' 9+0 '#"&69 +09 $" ''$ %$0 ", ,%%6+$%" $%"#0 %#&(%#6 $9"0' $" P%'0"# I#(&0$%'0. 2. !+) !+) T9' T9' "3 "3#' #' D'+# D'+# G&## G&##' '0" 0"# # %0 +# %#$' %#$'# #+ + &0' &0' " $9' $9' +"&#$%#6 %#"+$%"# " T"=0 +#( S;"$0 C". !,) !,) W9'# W9'# ('% ('%(% (%#6 #6 39 39% %9 9 +#& +#&+ +$ $&' &'( ( ;"(& ;"(&$ $0 0 6'#' 6'#'+ +$' $' $9' "0$ ;"%$ $9' %#"+$%"# $9+$ 3% ,' "0$ ''<+#$ $" $9' "3#' 3% ,' 09"3# "# $9' %#"' 0$+$''#$. T9' %#"' 0$+$''#$ ';"$0 $9' ;+0$ ;'"+#' " $9' ,&0%#'00 %# $'0 " %$0 '<'#&' ';'#0'0 +#( ;"%$. U0%#6 $9' ('$+%0 " '<'#&' +#( ';'#0'0 +$ + ;"(&$ %#' '<' $9' "3#' +# '0$+,%09 39%9 ;"(&$ %#' %0 "' ;"%$+,'. 8. !+) !+) T9' T9' ;'0%( ;'0%('# '#$$ " H%-$' H%-$'9 9 A(< A(<'# '#$& $&' ' %0 +# %#$' %#$'#+ #+ &0' &0' " $9' +"&#$%#6 %#"+$%"#. !,) !,) I# "(' "(' $" ('$' ('$' %# %#' ' % H%-$ H%-$' '9 A(< A(<'#$& #$&' ' %0 9" 9"(%# (%#6 '#"&69 +09 $" ,&= +((%$%"#+ '>&%;'#$ $9' ;'0%('#$ 09"&( '+%#' $9' ,&0%#'00’0 '"#"% '0"&'0 +#( +%0 $" $9"0' '0"&'0 %# "(' $" ('$'%#' % $9' #'' #''00 00+ += = +09 +09 %0 +<+% +<+%+ +, ,' ' $" ''$ ''$ ", ",% %6+ 6+$% $%"#0 "#0 +#( +#( +(('00 $9' '>&%;'#$ ;&9+0' ;+#0.

!olutions 6anual

#7)( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-1A !C"#$%#&'() 4. !+) !+) S$+ S$+#( #(' '# B+#5 +#5 %0 +# '$' $'#+ #+ &0' &0' " $9' $9' +"& "&#$ #$%%#6 %#" #" +$%"# $%"# " $9' $9' 0+ + ,& ,&0% 0%#' #'00 00 $9+ $9+$ %0 $9' $9' "+# "+# +;;%+#$. !,) !,) I# ('%( ('%(%# %#6 6 39 39'$ '$9' 9' $" '$' '$'#( #( + "+# "+# S$+# S$+#(' ('# # B+#5 B+#5 %0 %#$''0$'( %# $3" $9%#60$9' +,%%$= " $9' ";+#= $" +5' %#$''0$ ;+='#$0 "# +# +##&+ ,+0%0 " $9' #'$ %<' ='+0 +#( $9' +,%%$= $" ';+= $9' ;%#%;+ +"&#$ +$ $9' '#( " %<' ='+0. I# "(' $" '<+&+$' ,"$9 " $9'0' +$" +$"0 0 $9' "&0 "&0 09"&( 09"&( ,' "# ,&0%#' ,&0%#'00’ 00’0 0 '"#" '"#"% % '0" '0"& &' '0 0 +#( +#( +% +%0 0 $" $9"0 $9"0' ' '0" '0"& &' '0 0 %# "(' "(' $" ('$' ('$' %# %#' ' % $9' $9' #'' #''00 00+ += = +09 +09 %0 +<+% +<+%+ +, ,' ' $" ''$ ''$ ",% ", %6+ 6+$% $%"# "#0. 0. A0 3' 3'  S$+# S$+#(' ('# # B+#5 B+#5 3% 3%  ""5 ""5 +$ $9' $9' '"# '"#" "% % ;' ;'" "+ +# #' ' " $9' $9' ,& ,&0% 0%#' #'00 00 $9+ $9+$ 09" 9"& &( ( 6'#'+$' $9' #''00+= +09 " %$0 ";'+$%"#0 "# +# "#6"%#6 ,+0%0. T9%0 3% ,' $9' "0$ %;"$+#$ +$" %# ('$'%#%#6 % $9' ";+#= 3% 0&<%<' +#( ,' +,' $" ';+= $9' "+#. T+5%#6 I$ F&$9': W9'# +5%#6 ('%0%"#0 ,+0'( "# $9' %#+#%+ 0$+$''#$0 " + ,&0%#'00 &0'0 #''( $" '= "# $9' +%$9& ';'0'#$+$%"# " $9' %#+#%+ 0$+$''#$0. T9' %#(%<%(&+ ;';+%#6 $9' %#+#%+ 0$+$' 0$+$''#$ '#$0 0 &0$ &0$ +(9'' +(9'' $" $9' 9%6 9%69'0 9'0$$ 0$+#(+ 0$+#(+(0 (0 " '$9%+ '$9%+ ,'9+<%"& $" '#0&' $9+$ $9' ('%0%"# +5' %0 #"$ 9&$ ,= +0' " %0'+(%#6 %#+#%+ %#"+$%"#.

!olutions 6anual

#7)) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-2A 1. !+) T" 3% %5'= ";'+$' 9%0 3+5%#6 0'<%' +0 + ;";%'$"09%; ,'+&0' 9' %0 ;+##%#6 "# ";'+$%#6 %$ " + 09"$ $%' ;'%"( +#( + ;";%'$"09%; %0 $9' 0%;'0$ +#( +#( '+0 '+0$$ "0 "0$= $= ,& ,&0% 0%#' #'00 00 "6+ "6+#% #%+ +$% $%"# "# $" " " +#( +#( (%00"<'. !,) ASPE ASPE 3% %5' %5'= = ,' $9' +"&# +"&#$%# $%#6 6 0$+#(+( 0$+#(+( ""3 ""3'( '( +0 %$ %0 0%;' $" ""3. ""3. 2. !+) !+) "0' "0';9 ;9 +#( +#( S+, S+,+ + %69 %69$$ " " + ;+$ ;+$#' #'0 09% 9%; ; +0 %$ %0 + 0+ ";'+$%"# +#( 3"&( ,' '+0= $" 0'$ &;. H"3'<' + ";"+$%"# += "' ,'#'%$0 $9+$ $9' ;+$#'09%; 3% #"$ "'. "'. T9' ";"+$%"# ";"+$%"# 3% 3% 6%<' $9' %%$'( %%$'( %+,%%$= %+,%%$=.. A0" + ";"+$%"# += ,' $9' ,'0$ " " ,&0%#'00 " $9' ,'+&0' $9'= ;+# $" +%0' &#(0 %# $9' "%#6 ='+. ='+. I$ %0 '+0%' $" +%0' &#(0 %# + ";"+$%"#. A ";"+$%"# += +0" ''%<' "' +<"&+,' %#"' $+ $'+$'#$. !,) ASPE ASPE 3% %5' %5'= = ,' $9' +"&# +"&#$%# $%#6 6 0$+#(+( 0$+#(+( ""3 ""3'( '( +0 %$ %0 0%; 0%;' ' $" " ""3 "3.. T9' ,&0%# ,&0%#'0 '00 0 3"&( 3"&( #" #"$$ ,' + ;&,%= $+('( ";"+$%"# '>&%%#6 $9' &0' " IFRS. 8. !+) T9' ;"'00"0 09" 9"& &( %#" #";" ;"+$' $9' $9'% ,&0% &0%#'00 ,'+&0' " $9'% "#'#0 +,"&$ $9' '6+ %+,%%$%'0. A ";"+$%"# %0 $9' "#= " " ,&0%#'00 $9+$ ;"<%('0 %%$'( %+,%%$= $" %$0 "3#'0. !,) ASPE ASPE 3% %5' %5'= = ,' $9' +"&# +"&#$%# $%#6 6 0$+#(+( 0$+#(+( ""3 ""3'( '( +0 %$ %0 0%; 0%;' ' $" " ""3 "3.. T9 T9' ' ,& ,&0% 0%#' #'00 00 3" 3"& &( ( #" #"$$ ,' + ;&,%= $+('( ";"+$%"# '>&%%#6 $9' &0' " IFRS.

!olutions 6anual

#7)+hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-2A !C"#$%#&'() 4. !+) A,(& 3"&( %5'= %5'= " + ";"+$%"# ,'+&0' ,'+&0' 9' #''(0 #''(0 $" +%0' &#(0 $" %#<'0$ %# %#<'#$"%'0 +#( '>&%;'#$. H' 9+0 #" 0+<%#60 " ;'0"#+ +00'$0 +#( %$ %0 #"+= '+0%' '+0%' $" +%0' +%0' &#(0 $9"&69 + ";"+$%" ";"+$%"# # $9+# $9"&69 + ;";%'$"09%; " ;+$#'09%;. !,) ASPE ASPE 3% %5' %5'= = ,' $9' +"&# +"&#$%# $%#6 6 0$+#(+( 0$+#(+( ""3 ""3'( '( +0 %$ %0 0%; 0%;' ' $" " ""3 "3.. T9 T9' ' ,& ,&0% 0%#' #'00 00 3" 3"& &( ( #" #"$$ ,' + ;&,%= $+('( ";"+$%"# '>&%%#6 $9' &0' " IFRS. T+5%#6 I$ F&$9': T9' +(<+#$+6'0 " 0$+$%#6 + ,&0%#'00 +0 + ;";%'$"09%; +#( +$' %#";"+$%#6 $9' ,&0%#'00 %#&(': $9' '+0' " "+$%"# 0%;%%$= +#( '(&'( "0$0. A0 $9' ,&0%#'00 6"30 +#( $9' +((% +((%$% $%"# "#+ + "0$0 "0$0 +#( +#( +(% +(%#% #%0$ 0$+ +$% $%"# "# $9+$ $9+$ +' +' '>& '>&% %' '( " ";"+$%"#0 +' &0$%%'( %#";"+$%#6 $9' ,&0%#'00 ;"<%('0 +((%$%"#+ +(<+#$+6'0.

!olutions 6anual

#7)* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-8A !+) !+)

T"$+ "$+ +00 +00'$ '$0 0 !+# !+#.. 1 21 21). )... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ... T"$+ %+,%%$% %+,%%$%'0 '0 !+#. 1 21)...... 21)........... ......... .......... ................ ............... ..... T"$+ "$+ "3#' "3#'0 0 '>&%$= '>&%$= !+#. !+#. 1 21). 21)..... ........ ........ ........ ......... ......... ....

4 4    4 4 

!,) T"$+ "$+ %+, %+,% %%$ %$%' %'0 0 !D' !D'. . 81 81 21 21.. ..... ...... ...... ..... ..... ..... ..... ..... ..... ...... ...... ..... ..     T"$+ "$+ "3# "3#' '0 0 '>&%$= '>&%$= !D'. !D'. 81 81 21) 21) !) ,'"3....... ,'"3....... 7 7 T"$+ +00'$0 +00'$0 !D'. !D'. 81 21).... 21).............. ..................... ..................... ............ .. 12 12 !) !)

T"$+ "$+ "3 "3#' #' 0 0 '>&% '>&%$= $= !D' !D'.. 81 81 21 21). )... .... .... .... .... .... .... .... .... .... .... .... E>&+ $" "3#'0 '>&%$= !+#. 1 21?) 6%<'#

7 7  

!() T"$+ "$+ "3 "3#' #' 0 0 '>& '>&%$ %$= = !D' !D'. . 81 81 21 21). )... .... .... .... .... .... .... .... .... .... .... .... T"$+ "$+ " "3#' 3#'0 0 '>&%$= '>&%$= !+#. !+#. 1 21). 21).... ...... ...... ....... ........ ........ ........ .... I#'+ I#'+0' 0' %# "3#' "3#'0 0 '>&% '>&%$=. $=.... ....... ........ ........ ........ ........ ........ ........ ........ ....... ...

7 7   4 4  8 8 

I#'+ I#'+0' 0' %# "3#' "3#'0 0 '>&% '>&%$=. $=.... ....... ........ ........ ........ ........ ........ ........ ........ ....... ... L'00 L'00:: I#<' I#<'0$ 0$' '#$ #$0. 0... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ..... .... A((: D+3%#60. D+3%#60..... ......... ......... ......... ............ ................. .................... .................... ............ .. P"%$.... P"%$......... ......... ......... .......... .......... ......... ......... ......... ......... .......... .......... ......... .......... ............... .........

8 8  !7 !7 )) 1 48 48

!')

T"$+ "$+ '<'#& '<'#&'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ....... ... 182 182  L'00: L'00: P"%$ P"%$ !() +,"<'.... +,"<'......... .............. ................... .................... ................... ......... !48) ) T"$+ ';'#0'0 ';'#0'0..... .......... .......... ......... ............. ................... .................... .................... ..........  @ @

!)

T"$+ "$+ %+, %+,% %%$ %$%' %'0 0 !+ !+#. #. 1 21? 21?).. ).... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..     T"$+ "3#'0 "3#'0 '>&%$= !+#. !+#. 1 21?)...... 21?)............. ................. ............. ... 7 7 T"$+ +00'$0 !+#. 1 21?).... 21?)......... .......... ......... ......... .......... ............. ............ .... 12 12 A0" 0+' +0 !,) +,"<'

!6) T"$+ "$+ +00' +00'$0 $0 !D' !D'.. 81 21 21?). ?)... .... .... .... ..... ...... ...... ...... ..... ..... ...... ...... ...... ..... 14 14   T"$+ "$+ "3# "3#' '0 0 '>&%$= '>&%$= !D'. !D'. 81 81 21?). 21?).... ...... ...... ...... ....... ........ ...... .. 7 7 T"$+ "$+ %+,% %+,%%$% %$%'0 '0 !D' !D'.. 81 21? 21?).... )........ ........ ........ ........ ........ ........ ........ ....  48 48

!olutions 6anual

#7) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-8A !C"#$%#&'() !9) T"$+ "$+ "3 "3#' #' 0 0 '>& '>&%$ %$= = !D' !D'. . 81 81 21 21?). ?)... .... .... .... .... .... .... .... .... .... .... .... T"$+ "$+ "3# "3#' '0 0 '>&%$= '>&%$= !+#. !+#. 1 21?) 21?) !) +,"<'......... +,"<'......... I#'+ I#'+0' 0' %# "3#'0 "3#'0 '>&%$= '>&%$=... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ......

7 7   7 7  22 22 

I#'+ I#'+0' 0' %# "3#'0 "3#'0 '>&%$= '>&%$=... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... L'00: L'00: P"%$..... P"%$.......... .......... .......... ......... ......... .......... ............... ............. ... 4 4 I#<' I#<'0$ 0$' '#$ #$0. 0... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....  D+3%#60. D+3%#60...... .......... ......... ......... ......... ......... .......... .......... ......... ......... .......... .......... ......... .......... ......

22 22  4 4  1@ 1@

!%) !%)

P"% P"%$. $... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... .... .. 4 4   T"$+ ';'#0'0 ';'#0'0.... ......... ......... ......... .......... .......... ......... ........... ................. ................... .........   T"$+ '<'#&'0. '<'#&'0...... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ........... .... 18 18

!)

T"$+ "$+ +00'$0 +00'$0 !+#. !+#. 1 217 217)... )...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ .....14 .14   E>&+ $" $"$+ +00'$0 !D'. 81 21?) 6%<'#

!5)

T"$+ %+,%%$%'0 !+#. 1 217)...................................... 217)...................................... 48 E>&+ $" $"$+ %+,%%$%'0 !D'. 81 21?) !6) +,"<'

!) !)

T"$+ "$+ "3# "3#' '0 0 '>& '>&%$ %$= = !+# !+#.. 1 21 217.. 7.... ..... ..... ..... ..... ..... ..... ..... ....... ....... ... 7 7   E>&+ $" $"$+ "3#'0 '>&%$= !D'. 81 21?) 6%<'#

!) T"$+ "$+ +00'$0 +00'$0 !D'. !D'. 81 81 217). 217).... ...... ...... ....... ........ ........ ........ ........ ........ ...... .. 172 172  T"$+ %+,%%$% %+,%%$%'0 '0 !D'. !D'. 81 217).... 217)......... ........... ................ ................. ....... ? ? T"$+ "$+ "3#'0 "3#'0 '>&%$= '>&%$= !D'. !D'. 81 81 217).. 217)...... ......... ............ ........... .... 17 17  !#) T"$+ "$+ "3# "3#' '0 0 '>& '>&%$ %$= = !D' !D'.. 81 81 217 217).. )..... ...... ...... ...... ....... ....... ..... 17 17   T"$+ "$+ "3# "3#' '0 0 '>&%$= '>&%$= !+#. !+#. 1 217) 217) !) +,"<'... +,"<'......... ...... 7  I#'+ I#'+0' 0' %# "3#' "3#'0 0 '>&%$=. '>&%$=.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ......  1 1 I#'+ I#'+0' 0' %# "3# "3#' '0 0 '>&% '>&%$=. $=.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ...... L'00: P"%$ !") ,'"3............................. ,'"3............................... !81) A((: A((: D+3 D+3%# %#60 60.. .... .... .... .... .... .... .... .... .... .... .... ..... ...... ..... ..... ..... ..... ..... 8? 8?  I#<'0$ I#<'0$' '#$0 #$0... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ......

!olutions 6anual

1 1     1 1 



PROBLEM 1-8A !C"#$%#&'() !") T"$+ "$+ '<'#& '<'#&'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ... 17 17  L'00: L'00: T"$+ ';'#0'0. ';'#0'0..... ......... .......... .......... ......... ......... ......... ......... .......... ......... .... 12? 12? P"%$.... P"%$......... ......... ......... .......... .......... ......... ......... .......... ............. .................. .................... ............. ...  81 81 T+5%#6 I$ F&$9': I# "(' $" ('%(' % +# "3#' %0 +,' $" 3%$9(+3 +09 " $9' ,&0%#'00 $9' "3#' #''(0 $" %#( "&$ % 9'/9%0 +;%$+ +"&#$ %0 0&%%'#$= 9%69 $" "<' $9' (+3%#60 9+6'. S/H' +0" #''(0 $" 5#"3 $9+$ $9'' %0 0&%%'#$ +09 +<+%+,' $" +5' $9' 3%$9(+3+ +#( 0$% 9+<' '#"&69 +09 $" ''$ $9' ",%6+$%"#0 " $9' ,&0%#'00.

!olutions 6anual



PROBLEM 1-4A

!+) +#( !,) ! %# $9"&0+#(0) 1. 2. 8. 4. . ?. 7. @. . 1. 11. !)

L A A R A E E C D E E

BS BS BS IS BS IS IS OE OE IS IS

A"&#$0 ;+=+,' A"&#$0 ''%<+,' C+09 C"#0&$%#6 '<'#&' E>&%;'#$ I#$''0$ ';'#0' R'#$ ';'#0' S. P+5' +;%$+ +#&+= 1 S. P+5' (+3%#60 S++%'0 ';'#0' U$%%$%'0 ';'#0'

 @1  8 178 7 7 4@ ?? 8 82 8

!%# $9"&0+#(0) R'<'#&' J E;'#0'0  P"%$ R'<'#&'  178 E;'#0'0 !4@  7 82  8)  14 P"%$ !178 - 14)  ?

T+5%#6 I$ F&$9': I$ %0 %;"$+#$ " P+5' I#"+$%"# T'9#""6= C";+#= $" 5''; 5''; $+5 $+5 " %$0 %$0 (% (%' ''# '#$$ $=;' $=;'0 0 " ';' ';'#0 #0'0 '0 $" '#0& '#0&' ' $9+$ $9+$ +#+6''#$ %0 +,' $" 6'$ $9' #''00+= %#"+$%"# $" +5' ('%0%"#0 "#'#%#6 39'' %;"<''#$0 %# ;'"+#' +# ,' +('. T9' C";+#= +# +0" ('$'%#' ,= ";+%#6 $9' ';' ';'#0 #0'0 '0 3% 3%$9 $9 $9' $9' '<' '<'#& #&'0 '0 % $9' $9' +"& +"&#$ #$ " ';' ';'#0 #0'0 '0 %0 '+0"#+,'.

!olutions 6anual



PROBLEM 1-A 1. !+)

T9%0 +"&#$%#6 $'+$'#$ %0 %#"'$ +0 ;'";' %#<"<'( 3%$9 $9' "6+#%+$%"# +' #"$ +# +00'$ " $9' ,&0%#'00 $" ,' ;+'( "# $9' ,++#' 09''$. T9'' %0 #" '+0"#+,' 3+= $9+$ + '+0&''#$ " $9'% <+&' "&( ,' +('. !,) !,) T9 T9' ' '#$% $%'0 $" '"( "( ;'";' +0 +00'$0 09"& "&( ,' '"<'( " $9' +"&#$%#6 '"(0.

2. !+) !+)

T9%0 + T9%0 +"& "&#$ #$%# %#6 6 $'+ $'+$ $'# '#$$ %0 %# %#" "' '$ $ +0 +0 %$ <%" <%"+ +$' $'0 0 $9' $9' 9%0$"%+ "0$ "#';$. T9' +#( +#( ,&%(%#6 09"&( ,' '"('( +$ 8 $9' +"&#$ ;+%( "# ;&9+0'. I $9' $9' "; ";+# +#= = 3+ 3+0 0 %# $9' $9' ,& ,&0% 0%#' #'00 00 " ,& ,&=% =%#6 #6 +#( +#( '0'%#6 +#( +#( ,&%(%#60 $9'= += ,' +,' $" <+&' $9'0' %$'0 +$ +% <+&' ,&$ $9+$ ("'0 #"$ +;;'+ $" ,' $9' +0' 9''. I$ +;;'+0 $9+$ S9+"# %0 +$$';$%#6 $" ('%,'+$'= "<'0$+$' 9' +00'$0 $" 6'$ + "+#. T9'0' +$%"#0 3"&( ,' "#0%(''( ;"'00%"#+= &#'$9%+.

!,) T9' '#$ '#$= = $" %# %#'+0 '+0' ' $9' + +=%# =%#6 6 <+&' <+&' " " $9' +#( +#( +#( +#( ,&%(%#6 " 8 $"  09"&( ,' '"<'( " $9' +"&#$%#6 '"(0 " B+$"# I#(&0$%'0. 8. !+) !+)

T9%0 + T9%0 +"& "&#$ #$%# %#6 6 $'+ $'+$ $'# '#$$ %0 %# %#" "' '$ $ +0 +0 %$ <%" <%"+ +$' $'0 0 $9' $9' ';" ';"$ $%%#6 '#$% #$%$= "# "# ';$. ';$. T9 T9' ' ''$% $%  6& 6&%%$+ $+ %0 + ;'0"#+ +00'$ +#( #"$ +# +00'$ " $9' ,&0%#'00. !,) T9' '#$= '#$= $" $" '" '"( ( $9' ;&9+ ;&9+0' 0' " " $9' 6&% 6&%$+ $+ 09"&( 09"&( ,' '" '"<' <'( ( " " $9' $9' '>&% '>&%; ;'# '#$$ +" +"&# &#$. $. I#0$ I#0$'+ '+( ( $9%0 $9%0 09"&( ,' '"('( +0 + (+3%#6 ,= W% V%'%+.

4. !+) !+)

W'0$ '0$ S;% S;%% %$$ O% O% C"; C";.. ("' ("'0 0 #"$ #"$ 9+<' 9+<' + 9" 9"% %' ' %# %# +(" +(";$ ;$%# %#6 6 IFRS ,'+&0' %$ %0 + ;&,%= $+('( ";"+$%"#. !,) !,) T9 T9' ' 217 %#+ %#+# #%+ %+ 0$+$' $+$' '#$0 #$0 & &0 0$ ,' ;'; ;';+ +'( '( %# +"(+#' 3%$9 $9' I#$'#+$%"#+ F%#+#%+ R';"$%#6 S$+#(+(0 !IFRS).

!olutions 6anual

#7-3 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-A !C"#$%#&'() T+5%#6 I$ F&$9': I$ %0 %;" %;"$ $+# +#$$ " " ;%< ;%<+$ +$' ' +#( +#( ;& ;&, ,% % "; ";+# +#%' %'0 0 $" " ""3 "3 6'#'+ 6'#'+= = +';$ +';$'( '( +"&# +"&#$%# $%#6 6 ;%#% ;%#%;' ;'0 0 !GAAP) !GAAP) ,'+&0 ,'+&0' ' + " ""# "# 0'$ 0'$ " 0$+#( $+#(+ +(0 (0 +;; +;;%' %'( ( ,= + ,& ,&0% 0%#' #'00 00'0 '0 +#( +#( '#$%$% '#$%$%'0 '0 ;"<%( ;"<%('0 '0 %#+# %#+#%+ %+ 0$+$' 0$+$''#$ '#$0 0 39% 39%9 9 +' '+0"# '+0"#+, +,= = " ";++ ;++, ,' '. W%$9" %$9"&$ &$ + " "" "# # 0'$ 0'$ " 0$+#( $+#(+ +(0 (0 '+9 '#$';%0' "&( ('<'"; %$0 "3# $9'"= 0$&$&' +#( 0'$ " ;+$%'0 '0&$%#6 %# #"#-";++,%%$= +"#6 '#$';%0'0 $" $9' ('$%'#$ " %#+#%+ 0$+$''#$ &0'0.

!olutions 6anual

#7-# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-?A !+)

PETRONIC ACCOUNTING SERVICES SERVICES A00'$0

T+#0+$%"# &#' 4 ? @ 1 1 1@ 2? 2@ 8 T"$+

C+09 487? -1

 A. R'.



L%+,%%$%'0 



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S&;;%'0

F&#%$&'

A. P+=+,'

O3#'0 E>&%$=

 F. F. P'$"#%5 C+;%$+ 487?

J F. P'$"#%5 D+3%#60

J

R'<'#&'0

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1@?

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J1

? ?8@ 8@  ? ?8@ 8@ N"$': N"$': E<'#$0 E<'#$0 +$ "$9' (+$'0 (+$'0 $9+# $9' $+#0+$%" $+#0+$%"#0 #0 +,"<' +' #"$ $+#0+$% $+#0+$%"#0 "#0 " +' ;'0"#+ $+#0+$%"#0 " F. P'$"#%5.

!olutions 6anual

#7-( 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #


PROBLEM 1-?A !C"#$%#&'() !,) C+;% C+;%$+ $+ I#<' I#<'0$ 0$' '#$. #$... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ...... ..... ..... ..... ..... ...... ... L'00: L'00: D+3% D+3%#60 #60... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... .. A((: A((: R'<'#& R'<'#&'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ .... L'00: L'00: E;'#0'0.... E;'#0'0......... .......... .......... .......... ......... ......... ......... .......... ................ ............... ..... F. P'$"#% P'$"#%5 5 C+;%$+ C+;%$+ &#' 8........ 8............ ......... ......... ......... .......... ........... ......

48 487? 7? 12@ 12@ 424@ 1@? 1@? !1) !1) 14 14

T+5%#6 I$ F&$9': 144 09"&( ,' ';"$'( +0 +# +00'$ S&;;%'0 "# $9' &#' 8 ,++#' ,++#' 09''$. 09''$. T9%0 %0 $9' $9' +"&#$ +"&#$ " " 0&;;%'0 0&;;%'0 "# 9+#(. 9+#(. 2 09"&( ,' ';"$'( +0 +# ';'#0'. T9%0 %0 $9' "0$ " 0&;;%'0 $9+$ 3'' +$&+= &0'( %# $9' "#$9 " &#'.



PROBLEM 1-?A !C"#$%#&'() !,) C+;% C+;%$+ $+ I#<' I#<'0$ 0$' '#$. #$... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ...... ..... ..... ..... ..... ...... ... L'00: L'00: D+3% D+3%#60 #60... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... .. A((: A((: R'<'#& R'<'#&'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ .... L'00: L'00: E;'#0'0.... E;'#0'0......... .......... .......... .......... ......... ......... ......... .......... ................ ............... ..... F. P'$"#% P'$"#%5 5 C+;%$+ C+;%$+ &#' 8........ 8............ ......... ......... ......... .......... ........... ......

48 487? 7? 12@ 12@ 424@ 1@? 1@? !1) !1) 14 14

T+5%#6 I$ F&$9': 144 09"&( ,' ';"$'( +0 +# +00'$ S&;;%'0 "# $9' &#' 8 ,++#' ,++#' 09''$. 09''$. T9%0 %0 $9' $9' +"&#$ +"&#$ " " 0&;;%'0 0&;;%'0 "# 9+#(. 9+#(. 2 09"&( ,' ';"$'( +0 +# ';'#0'. T9%0 %0 $9' "0$ " 0&;;%'0 $9+$ 3'' +$&+= &0'( %# $9' "#$9 " &#'.

!olutions 6anual

#7-) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-7A !+) !+)

LETO LETOUR URNE NEAU AU LEGA LEGAL L SERV SERVIC ICES ES A00'$0  



T+#A. S&;0+$%"# C+09 R'. ;%'0 1 2 8  4  J2 ? 7 J1 @ 4  J8 1 8 11 2 12 J   18 J4 T"$+ 8?1 8 4



E>&%;'#$

L%+,%%$%'0 

 U#'+#'( R'


O3#'0 E>&%$=





J

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J

N"$' P+=+,'

A. L'T"&#'+& C+;%$+

A. L'T"&#'+& D+3%#60

R'<'#&'0

E;'#0'0

 J2 1 4   ?

8 8 2 -

1?

J4 

2

8





8

? ?    ? ?  

!olutions 6anual

#7-8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #


PROBLEM 1-7A !C"#$%#&'() !+) !C"#$%#&'() N"$'0: I$'0 1 !M+9 4) 2 !M+9 7) +#( 4 !M+9 14) +' #"$ '' ''<+ <+#$ #$ $" $9' $9' ,& ,&0% 0%#' #'00 00 '#$% '#$%$= $=.. T9 T9'= '= +' +' ;'0 ;'0"# "#+ + $+#0+$%"#0. I$' $' ? !M+9 1) %0 #"$ '"('( ,'+&0' $9' $+#0+$%"# 9+0 #"$ ='$ ,''# ";'$'(. T9'' %0 #" ';'#0' #" %+,%%$= %+,%%$= &#$% 9' ,'6%#0 3"5%#6. !,) !,)

P" P"%$ %$  R' R'<'#& <'#&' '0  E; E;' '#0'0 #0'0  ! !8   8 8 ))    O3#'’0 E>&%$=  I#<'0$'#$  D+3%#60  P"%$ 

J8



PROBLEM 1-7A !C"#$%#&'() !+) !C"#$%#&'() N"$'0: I$'0 1 !M+9 4) 2 !M+9 7) +#( 4 !M+9 14) +' #"$ '' ''<+ <+#$ #$ $" $9' $9' ,& ,&0% 0%#' #'00 00 '#$% '#$%$= $=.. T9 T9'= '= +' +' ;'0 ;'0"# "#+ + $+#0+$%"#0. I$' $' ? !M+9 1) %0 #"$ '"('( ,'+&0' $9' $+#0+$%"# 9+0 #"$ ='$ ,''# ";'$'(. T9'' %0 #" ';'#0' #" %+,%%$= %+,%%$= &#$% 9' ,'6%#0 3"5%#6. !,) !,)

P" P"%$ %$  R' R'<'#& <'#&' '0  E; E;' '#0'0 #0'0  ! !8   8 8 ))    O3#'’0 E>&%$=  I#<'0$'#$  D+3%#60  P"%$  !    )  

!olutions 6anual

#7-* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-7A !C"#$%#&'() !) LETOURNEAU LEGAL SERVICES B++#' S9''$ M+9 81 217 A00'$0 C+09.... C+09......... ......... ......... .......... .......... ......... ......... .......... .......... ......... .............. .................... ............... ..... 8?1 8?1 A" A"&# &#$0 $0 '' ''%< %<+, +,' '.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ..... ..... ..... ..... ..... 8 8  S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. 4 4 E>&%;'#$................................ E>&%;'#$.............................................. ............................. .................... ..... 1? T"$+ +00'$0..... +00'$0......... ......... .......... .......... ......... ......... .......... .......... ......... .............. ............. ... ? ? L%+,%%$%'0 +#( O3#'0 E>&%$= N"$' ;+=+,'. ;+=+,'...... .......... .......... ......... ......... ......... ......... .......... .......... ......... ......... .......... .......... ..... U#'+#'( '<'#&'............................ '<'#&'............................................... .......................... ....... T"$+ "$+ %+,% %+,%%$% %$%'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ....

 8 8 2 ? ?

O3#'’0 E>&%$= A. L'T"& L'T"&#'+ #'+& & C+;%$ C+;%$+. +.... ....... ........ ........ ........ ........ ........ ........ ........ ........ ......

  

T"$+ %+,%%$%' %+,%%$%'0 0 +#( "3#'0 "3#'0 '>&%$=.......... '>&%$=...................... ............ ? ? T+5%#6 I$ F&$9': R'"6#%$%"# " +# '<'#$ " $+#0+$%"# 09"&( $+5' ;+' "#= 39'# $9'' 9+0 ,''# + 9+#6' %# $9' %#+#%+ ;"0%$%"# " $9' ";+#=. ";+#=. I# "$9' 3"(0 % + $+#0+$%"# $ +#0+$%"# ''$0 $9' ('%#%$%"# " +# +00' +00'$ $ %+, %+,% %%$ %$= = '>& >&%$ %$= = '<' '<'#& #&' ' " ';' ';'#0 #0' ' +#( +#( 9+0 9+0 + '+0 '+0& &'+ '+, ,' ' (" (" + + +"& +"&#$ #$ %$ 09"& 09"&( ( ,' '" '"6# 6#% %'( '( %# $9' $9' +"&# +"&#$%# $%#6 6 '"( '"(0. 0. A0 3' 3'  ;'0"# ;'0"#+ + $+#0+ $+#0+$% $%"#0 "#0 &0$ &0$ ,' '&('( $" ";= 3%$9 $9' ';"$%#6 '#$%$= "#';$.

!olutions 6anual

#7- +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-@A !+) !+)

B+ S';$. 4  7 12 1 1 1 1@ 2 2? 2 8

I+, I+,' '+ + + +9 9 MD A"&#$0 C+09  R''%< R''%<+, +,' ' 8  1  @ @ 77 2@ 2 @ J2@ J1 J27 7 J7 1 8  2 1  12@ 

S&;E>&%;A"&#$0 N"$'0 I. +9 I. +9 ;%'0  '#$  P+=+,'  P+=+, P+=+,' '  C+;%$+ J D+3 D+3%# %#60 60  R'<' R'<'#& #&'0 '0 JE; JE;'# '#0' 0'0 0 ?  7   8  41 1 28

-2 1 J2@ J1 J27 J1 8

 ? 

82       @  442  ? 

  41 J

 1 

1 2 2  J

2@72  2@72 N"$' $9+$ $9' S';$',' 2@ $+#0+$%"# %0 #"$ '"('( ,'+&0' $9' 3"5 3% #"$ "'#' &#$% O$",'.

!olutions 6anual

#7 - 0 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #


PROBLEM 1-@A !C"#$%#&'() !,) IABELA ACK MD I#"' S$+$''#$ M"#$9 E#('( S';$',' 8 217 R'<'#&'0 S'<%' '<'#&'...................................................... '<'#&'........................................................ .. 2 E;'#0'0 A(<'$%0%#6 ';'#0'................................ ';'#0'..................................... .....  27 R'#$ ';'#0 ';'#0'... '........ ......... ......... ......... ......... .......... ........... ................. ............. 1 1 S++%'0 S++%'0 ';'#0'. ';'#0'...... ......... ......... .......... ............... .................... ............. ... 2@ 2@

J82  8



PROBLEM 1-@A !C"#$%#&'() !,) IABELA ACK MD I#"' S$+$''#$ M"#$9 E#('( S';$',' 8 217 R'<'#&'0 S'<%' '<'#&'...................................................... '<'#&'........................................................ .. 2 E;'#0'0 A(<'$%0%#6 ';'#0'................................ ';'#0'..................................... .....  27 R'#$ ';'#0 ';'#0'... '........ ......... ......... ......... ......... .......... ........... ................. ............. 1 1 S++%'0 S++%'0 ';'#0'. ';'#0'...... ......... ......... .......... ............... .................... ............. ... 2@ 2@ U$%%$%'0 U$%%$%'0 ';'#0'.. ';'#0'....... ......... ......... ......... ......... ........... ................ ............. ... 82 T"$+ ';'#0'0 ';'#0'0..... .......... ......... ............. ................... .................... .................... .......... 8 8 P"%$................................... P"%$...................................................... ...................................... ....................... .... 12 IABELA ACH MD S$+$''#$ " O3#'0 E>&%$= M"#$9 E#('( S';$',' 8 217 I.+9 I.+9 C+;%$+ C+;%$+ S';$',' S';$',' 1......... 1.............. .......... ........... ................ .............. .... 41 41 A((: P"%$.................................. P"%$....................................................... ................................. ............ 12 18 L'00: D+3%#60............................................. D+3%#60.......................................................... ............. 1 I. + +9 C+;% C+;%$+ $+  S';$ S';$' ',' ,' 8.. 8.... .... .... .... .... .... .... .... .... .... .... .... .... .... 1@ 1@8 8

!olutions 6anual



PROBLEM 1-@A !C"#$%#&'() !,) !C"#$%#&'() IABELA ACH MD B++#' S9''$ S';$',' 8 217 A00'$0 C+09.... C+09......... ......... ......... .......... .......... ......... ......... .......... .......... ............... .................... .................... ..........  2 2 A"&#$0 A"&#$0 ''%<+, ''%<+,'... '....... ......... ......... ......... .......... ............... .................... ............... ..... 12@ 12@ S&;; S&;;% %'0 '0 "# 9+#( 9+#(.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. ? ? E>&%;'#$. E>&%;'#$...... .......... .......... .......... ......... ............ .................. .................... .................... .............. .... @ @ T"$+ +00'$0... +00'$0........ ......... ......... .......... .......... ......... ......... .......... .............. ................... ............ 2@72 2@72 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 A"&#$0 ;+=+,'............................ ;+=+,'................................................... .......................  442 N"$'0 N"$'0 ;+=+, ;+=+,'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... .. ? ? T"$+ %+,%%$% %+,%%$%'0.. '0....... .......... .......... ......... ......... .............. ................... ................. ....... 142 142 O3#'0 E>&%$= L. A#('0 A#('0"# "# C+;%$+. C+;%$+...... .......... .......... ......... ......... .......... .......... ......... ............ ........

1@8 1@8

T"$+ %+,%%$% %+,%%$%'0 '0 +#( "3#'0 "3#'0 '>&%$=....... '>&%$=................ ............ ... 2@72 2@72 T+5%#6 I$ F&$9': W9'# +# %$' %0 ;&9+0'( "# +"&#$ ;+='#$ &0&+= &0$ ,' +(' %# 8 (+=0. I + #"$' ;+=+,' %0 &0'( ;+='#$ 3% ,' ('+='( &#$% $9' +$&%$= (+$' " $9' #"$' 39%9 %0 $=;%+= "#6' $9+# 8 (+=0. A$9"&69 $9%0 3% %5'= '+# $9+$ %#$''0$ 3% +0" 9+<' $" ,' ;+%( $9' +09 '+%#0 %# $9' ,&0%#'00 "#6' $9+# % $9' %$' 9+( ,''# ;&9+0'( "# +"&#$.

!olutions 6anual



PROBLEM 1-A PAVLOV’S HOME RENOVATIONS I#"' S$+$''#$ Y'+ Y'+ E#('( D'',' D'',' 81 217 217 R'<'#&'0 S'<%' S'<%' '<'#&'.. '<'#&'....... ......... ......... ......... ......... .......... .......... ......... ......... .......... .......... ........... ...... 187 187 E;'#0'0 I#$''0$ I#$''0$ ';'#0'.. ';'#0'....... .......... .......... .......... ......... ............ .................. ..........  11 11 I#0& I#0&+ +# #' ' ';' ';'#0 #0'. '... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... .. 887 887  S&;;% S&;;%'0 '0 ';'# ';'#0'. 0'.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ...... 2 2 S++% S++%'0 '0 ';'# ';'#0'. 0'.... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... @@28 @@28 O;'+$ O;'+$%#6 %#6 ';'# ';'#0' 0'0.. 0..... ...... ...... ...... ...... ...... ...... ....... ........ ........ ....... ... 84 84 T"$+ ';'#0'0..........................................

11?44

P"%$..... P"%$.......... .......... ......... ......... .......... .......... ......... ......... ............. .................. .................... .................... ............  8781 8781 PAVLOV’S HOME RENOVATIONS S$+$''#$ " O3#'0 E>&%$= Y'+ Y'+ E#('( D'',' D'',' 81 217 . P+<"< P+<"< C+;%$+ C+;%$+ +#&+= 1........... 1................ .......... ............... .................... ............... ..... 4@ 4@ A((: P"%$..... P"%$.......... .......... .......... ......... ......... .......... .......... ......... ............. ................... .................... ............ 8781 8781 @81? L'00: L'00: . P+<"< P+<"< D+3%#60.. D+3%#60....... ......... ......... ............. .................. .................... ............... ..... 44@ 44@ . P+<"< P+<"< C+;%$+ D'',' 81................................... 81......................................... ...... 8@8?

!olutions 6anual

#7*3 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-A !C"#$%#&'() PAVLOV’S HOME RENOVATIONS B++#' S9''$ D'',' 81 217 A00'$0 C+09...... C+09.......... ......... ......... ......... .......... .......... ......... ......... .......... ........... ................ ..................... ..................... ..........  @2 @2 A"&#$0 A"&#$0 ''%<+ ''%<+,'... ,'........ .......... .......... ......... ......... ........... ................ .................... ................ ...... 1@ 1@ S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..   P';+% P';+%( ( %#0&+ %#0&+#' #'... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... 1?@ 1?@ E>&%;'#$... E>&%;'#$........ ......... ......... .......... .......... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ....... 24 24 V'9%'0............................ '9%'0.............................................. ..................................... .................................. ............... 42 T"$+ +00'$0............................ +00'$0............................................... ................................. ...................... ........ 21 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 ;+=+,'. ;+=+,'...... .......... .......... ......... ......... ......... ......... .......... ............... .................... ................ ...... 8@ 8@ A"&# A"&#$0 $0 ;+=+, ;+=+,'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ .... 7@ 7@ U#'+#'( U#'+#'( '<'#&'... '<'#&'........ .......... ......... ......... .......... ............ ................. .................... .............. .... 1 1 T"$+ %+,%%$% %+,%%$%'0.. '0....... ......... ......... .......... .......... ......... ............. ................... .................... ............ 8? 8? O3#'0 '>&%$= . P+<"< P+<"< C+;%$+... C+;%$+........ ......... ......... .......... .......... .......... ............... ..................... .................. .......

8@8? 8@8?

T"$+ %+,%%$%' %+,%%$%'0 0 +#( "3#'0 "3#'0 '>&%$=....... '>&%$=............ ............... ............... ..... 21 21 T+5%#6 I$ F&$9': I# "(' $" ;';+' $9' 0$+$''#$ " "3#'’0 '>&%$= ="& #''( $" 9+<' $9' +"&#$ " $9' ;"%$ " "00 " $9' ='+. T9%0 %0 39= $9' $9' %#" %#"' ' 0$+$ 0$+$' ''# '#$$ %0 ;'; ;';+ +'( '( %0 %0$. $. T9 T9' ' 0$+$ 0$+$' ''# '#$$ " "3#'’0 '>&%$= %0 ;';+'( #'$ %# "(' $" 9+<' $9' '#(%#6 +;%$+ ,++#' " $9' ,++#' 09''$.

!olutions 6anual

#7*# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-1A !+) !+) !%)

18 ! !" %% %%)    8  4 41  8 !%%) !%%) T"$+ "$+ %+ %+,%% ,%%$% $%'0 '0 +#( +#( "3# "3#' '’’0 '>& '>&%$ %$= =  1 18 8  !%%% !%%%)) 48@ 48@   2?   17 17@ @ !%< !%<) 18 18   48@ @  47 47  !<) !<)     82   1 1   2?  !<% !<%)        8 8  !<%%) !<%%) ?2 ?2   22 22    8 8  !" !" <%%%) <%%%)    !<%%%) !<%%%) 8 8  " " %#" %#"' ' 0$+$ 0$+$'' ''#$ #$ !" !" <%) !%) !%) ?2 ?2    47 47   ! !" " )  1 1   !) 47 " $9' ,++#' 09''$ !" %<)

!,) I# ;';+ ;';+%#6 %#6 $9' $9' %#+#% %#+#%+ + 0$+$' 0$+$''# '#$0 $0 $9' $9' %0$ %0$ 0$+$' 0$+$''#$ '#$ $" ,' ;';+'( %0 $9' %#"' 0$+$''#$. T9' ;"%$ %6&' %0 &0'( %# $9' 0$+$''#$ " "3#'’0 '>&%$= $" +&+$' $9' '#(% '#(%#6 #6 ,++ ,++# #' ' " +;%$ +;%$+ +.. T9 T9' ' ,++ ,++# #' ' 09'' 09''$$ %0 $9'# $9'# ";'$'( &0%#6 $9' ,++#' " +;%$+ +0 +&+$'( %# $9' 0$+$''#$ " "3#'’0 '>&%$=. T+5%#6 I$ F&$9': T9' ,++ T9' ,++# #' ' 09'' 09''$ $ 39 39% %9 9 %0 0"' 0"'$% $%' '0 0 '' '' '( '( $" +0 $9' $9' 0$+$''#$ " %#+#%+ ;"0%$%"# ';"$0 ,++#'0 +$ + 0;'%% ;"%#$ %# $%' J +0 " $9' +0$ (+= " $9' ';"$%#6 ;'%"(.  T9' %#" %#"' ' 0$+$ 0$+$' ''# '#$$ "# $9' $9' "$9' "$9' 9+#( 9+#( ';" ';"$ $0 0 $9' $9' '0& '0&$ $0 0 " '<'#& '<'#&' ' +#( ';'# ';'#0' 0' ,&0%#' ,&0%#'00 00 $+#0+ $+#0+$% $%"#0 "#0 " + ;'%"( ;'%"( " $%' 39'$9' %$ %0 + "#$9 + >&+$' " + %0+ ='+. T9' 0$+$''#$ 0$+$''#$ " "3#'’0 "3#'’0 '>&%$= +0" ';"$0 " $9' ;'%"( " $%' $9"0 $9"0' ' %$'0 $'0 $9+ $9+$ 9+<' +<' %# %#'+ '+0'( " ('' ''+0 +0' '( +;% +;%$+ $+. C"#0 C"#0'> '>&' &'#$ #$= = $9' $9' %#" %#"' ' 0$+$ 0$+$' ''# '#$$ +#( +#( $9' $9' 0$+$ 0$+$' ''# '#$$ " "3#'’0 '>&%$= +' " $9' ;'%"( " $%' ending "# "# + 0;'%% (+$' +#( $9' ,++#' 09''$ %0 at $9+$ $9+$ 0;'%% (+$'.

!olutions 6anual

#7*( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-1 1- 11A !+) 1.

T9' +#( T9' +#( 09"& 09"&( ( ,' '" '"(' ('( ( +$ "0$ "0$ " 8? 8?  &#$% &#$% %$ %0 0"(. T9' %#'+0' %# <+&' %0 #"$ '"6#%'( &#$% $9' +#( %0 0"(. !9%0$"%+ "0$ "#';$)

2.

T9' +" T9' +"&# &#$0 $0 '' ''%< %<+, +,' ' 09"& 09"&( ( ,' '" '"( ('( '( %# C+#+ C+#+(% (%+# +# (" (" + +0 0 #" #"$$ %# C9%# C9%#'0 '0' ' =&+# =&+# !"# !"#'$ '$+ += = &# &#%$ %$ "# "#'; ';$) $).. A"&#$0 ''%<+,' 09"&( 9+<' $9' "'$'( ,++#' " 7 C+#+(%+#.

8.

E>&% E>&%; ;'# '#$$ %0 +# +00' +00'$$ +#( +#( #" #"$$ + %+, %+,% %%$ %$= =. T9 T9' ' '#$= '#$= %# $9' %+,%%$%'0 " '>&%;'#$ " @ &0$ ,' '"<'( +#( +;;'+ %#0$'+( &#(' +00'$0. S&;;%'0 +' +0" +00'$0 #"$ %+,%%$%'0. T9%0 %$' 3% +0" 9+<' $" ,' '"<'( " $9' %+,%%$%'0 +#( +(('( $" +00'$0.

4.

N"$' N"$'0 0 ;+=+, ;+=+,' ' +' %+, %+,% %%$ %$%' %'0 0 #"$ +00' +00'$0 $0.. T9' ";+ ";+#= #= 9+0 9+0 +# ",%6+$%"# $" ;+= $9' #"$' %# $9' &$&'. T9' '#$= %# $9' +00'$0 " #"$'0 ;+=+,' &0$ ,' '"<'( " +00'$0 +#( %#0$'+( 09"&( +;;'+ &#(' %+,%%$%'0.

.

C. D= D=&0 &00 0 +; +;%$+ %$+ %0 +# '>&% '>&%$= $= +" +"&# &#$ $ #"$ #"$ +# +00'$ +00'$.. H%0 %#<'0$'#$ %# $9' ";+#= %0 +# +00'$ $" 9% ,&$ " $9' ";+#= %$ %0 '>&%$= !';"$%#6 '#$%$= "#';$). T9' '#$= %# $9' +00'$0 " C. D=&00 +;%$+ 09"&( ,' '"<'( +#( %#0$'+( +;;'+ &#(' "3#'’0 '>&%$= 0'$%"# " $9' ,++#' 09''$. T9' ;& T9' ;&6’ 6’ %6& %6&' ' #''( #''(0 0 $" ,' '" '"<' <'(. (. T9 T9' ' +" +"&#$ &#$%# %#6 6 '>&+$%"# 0$+$'0 $9+$ A00'$0  L%+,%%$%'0  O3#'’0 E>&%$=. D=&00 #''(0 $" +5' $9' "'$%"#0 +,"<' %# "(' $" ('$'%#' $9' O3#'’0 O3#' ’0 E>&%$= ,++#'.

!olutions 6anual

#7*) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-11A !C"#$%#&'() !,) REFLECTIONS BOOK SHOP B++#' S9''$ A;% 8 217 A00'$0 C+09................................ C+09................................................... ................................................. ................................  1 A" A"&# &#$0 $0 ' ''% '%<+ <+, ,' ' ! !    2 2 ) ).. .... .... .... .... .... .... .... ..... ..... .... .... .... .. 7 7  S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... .. 1 1  L+#(.. L+#(..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ...... .. 8? 8?  E>&%; E>&%;'#$ '#$... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ....... ... @ @  B&%(%#6.. B&%(%#6....... .......... ......... ......... ......... ......... .......... .......... ............... .................... .................... ................. ....... 11 1 T"$+ +00'$0............................ +00'$0............................................... ....................................... .................... 222 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 ;+=+,'.......................... ;+=+,'............................................. ..................................... .................. 12 A"&#$0 A"&#$0 ;+=+,'... ;+=+,'........ ......... ......... .............. ................... ..................... .................... ......... 1 1 T"$+ %+,%%$% %+,%%$%'0.. '0....... ......... ......... .......... .......... ......... ......... .......... .............. .................. ......... 18 18 O3#'0 '>&%$=: C. D=&00 D=&00 +;%$+.. +;%$+....... ......... ......... .......... .......... ......... ......... ......... ............. ................. ........

@7 @7

T"$+ %+,%%$%' %+,%%$%'0 0 +#( "3#'0 "3#'0 '>&%$=...... '>&%$=........... .......... ......... ......... ..... 222 222 T+5%#6 I$ F&$9': A $+#0+$%"#0 +'$ + %#%& " $3" %#+#%+ 0$+$''#$ %$'0 $" '#0&' $9+$ $9' +"&#$%#6 '>&+$%"# +3+=0 '+%#0 %# ,++#' J 39+$ 3' (" $" "#' 0%(' " $9' '>&+$%"# &0$ ,' ("#' $" $9' "$9' 0%('. F" '+;' 39'# +09 %0 (''+0'( $9' '+0"# 39= $9' +09 %0 (''+0'( %0 +0" '"('(. T9&0 +# %#'+0' %# +#"$9' +00'$ " + (''+0' %# + %+,%%$= " "3#'’0 '>&%$= &0$ +0" ,' '"('(. !olutions 6anual

#7*+hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-1B 1. !+) T9' "3#' S+&' C"$ %0 +# %#$'#+ &0' " $9' +"&#$%#6 %#"+$%"# " O6+#%0 T" Y"&. !,) W9'# W9'# ('%(%# ('%(%#6 6 39%9 39%9 '$+% '$+% ;"(& ;"(&$0 $0 %# $9%0 $9%0 +0' +0' ;+0$+ ;+0$+ 6'#'+$' $9' "0$ ;"%$ $9' "3#' 3% ,' %#$''0$'( %# $9' '"#"% ;'"+#' " $9' ,&0%#'00 +0 09"3# "# $9' %#"' 0$+$''#$. T9' %#"' 0$+$''#$ ';"$0 $9' ;+0$ ;'"+#' " $9' ,&0%#'00 %# $'0 " %$0 '<'#&' ';'#0'0 +#( ;"%$. U0%#6 $9' ('$+%0 " '<'#&' +#( ';'#0'0 +$ + ;"(&$ %#' '<' $9' "3#' +# '0$+,%09 39%9 ;+0$+ %0 "' ;"%$+,' $" %$0 '$+% 9+%# " 0$"'0. 2. !+) I# ('%(%#6 $" '$'#( '(%$ $" + #'3 &0$"' B+5"+(0 C";+#= %0 +# '$'#+ &0' " $9' +"&#$%#6 %#"+$%"# " %$0 &0$"'0. !,) B+5" B+5"+(0 +(0 C";+#= C";+#= 3"& 3"&( ( "&0 "&0 %$0 +$$'#$%" +$$'#$%"# # "# $9' %#" %#"+$% +$%"# "# +,"&$ +,"&$ E&";' E&";' T"&0 "&0 C";+# C";+#=’ =’0 0 '"#" '"#"% % '0"&'0 +#( +%0 $" $9"0' '0"&'0. T9' $'0 " $9' '(%$ '$'#('( '$'#('( $" &0$"'0 &0$"'0 '>&%'0 "'$%"# "'$%"# %# + 09" 09"$$ ;'% ;'%"( "( " $%' $%'.. F& F&#( #(0 0 &0'( &0'( $" ;+= ;+= B+5 B+5" "+( +(0 0 C";+#= 3"&( "' " +09 "# 9+#(. T9' ,++#' 09''$ 3% 09"3 % $9' #'3 &0$"' 9+0 '#"&69 +09 $" ''$ ''$ %$0 %$0 ", ",% %6+ 6+$% $%"# "#0 0 %# %#&( &(%# %#6 6 $9"0 $9"0' ' $" B+5 B+5" "+( +(0 0 C";+#=. 8. !+) !+) T9' T9' 0'#% 0'#%" " ;+$ ;+$#' #' " A"& A"&#$ #$+# +#$0 $0 R U0 %0 +# %#$' %#$'# #+ + &0' " $9' +"&#$%#6 %#"+$%"#. !,) I# "(' "(' $" ('$' ('$'%# %#' ' % $9' $9' ;+$# ;+$#'0 '09%; 9%; %0 9"(%#6 '#"&69 +09 $" %#'+0' $9' +"&#$ " ;+$#'0’ (+3%#60 +#( 0$% 0$% 9+<' 9+<' '#"& '#"&69 69 +09 +09 $" ';+ ';+#( #( %$0 %$0 "; ";' '+$ +$%" %"#0 #0 $9' $9' 0'#%" ;+$#' 09"&( '+%#' $9' ,&0%#'00’0 '"#"% '0" '0"& &' '0 0 +#( +#( +% +%0 0 $" $9"0 $9"0' ' '0" '0"& &' '0 0 %# "(' "(' $" ('$' ('$' %# %#' ' % $9' $9' #'' #''00 00+ += = +09 +09 %0 +<+% +<+%+ +, ,' ' $" ''$ ''$ ",%6+ ", %6+$%" $%"#0 #0 +#( +(('0 +(('00 0 $9' (+3%# (+3%#60 60 +#( ';+#0 ';+#0%"# %"# ;+#0.

!olutions 6anual

#7** +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-1B !C"#$%#&'() T+5%#6 I$ F&$9': W9'# +5%#6 ('%0%"#0 ,+0'( "# $9' %#+#%+ 0$+$''#$0 " + ,&0%#'00 &0'0 #''( $" '= "# $9' +%$9& ';'0'#$+$%"# " $9' %#+#%+ 0$+$''#$0. T" '#0&' $9%0 ;%#%;' +# ,' '$ $9' %#(%<%(&+ ;';+%#6 $9' %#+#%+ 0$+$''#$0 &0$ +(9'' $" $9' 9%69'0$ 0$+#(+(0 " '$9%+ ,'9+<%"& 0" $9+$ $9' ('%0%"# +5' %0 #"$ 9&$ ,= +0' " %0'+(%#6 %#+#%+ %#"+$%"#. %#"+$%"#.

!olutions 6anual

#7* +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-2B 1. !+) T9' "; ";&$' &$' 0%'# 0%'#' ' 0$&('# 0$&('#$0 $0 09"& 09"&( ( %#"; %#";"+ "+$' $' $9'% $9'% ,&0%#'00 ,'+&0' " $9'% "#'#0 +,"&$ '6+ %+,%%$%'0. A ";"+$%"# %0 $9' "#= " " ,&0%#'00 $9+$ ;"<%('0 %%$'( %+,%%$= $" %$0 "3#'0. !,) ASPE 3% 3% %5' %5'= = ,' $9' +"& +"&#$%#6 #$%#6 0$+#(+(0 0$+#(+(0 ""3'( ""3'( +0 $9'= +' 0%;' $" ""3. T9' ,&0%#'00 3"&( #"$ ,' + ;&,%= $+('( ";"+$%"# '>&%%#6 $9' &0' " IFRS. 2. !+) S9+%+ 09"&( &# 9' 0+ &;+5' 09"; +0 + ;"; ;";% %'$ '$" "09 09%; %; ,'+ ,'+&0 &0' ' $9%0 $9%0 %0 $9' $9' 0%; 0%;' '0$ 0$ +#( +#( '+0 '+0$$ "0$= "0$= " " ,&0%#' ,&0%#'00 00 "6+#% "6+#%+ +$%" $%"# # $" '0$+, '0$+,%0 %09 9 +#( '<'#$&+= (%00"<'. S9' %0 $9' "#= ;'0"# %#<"<'( %# $9' ,&0%#'00 +#( %0 ;+##%#6 $" ";'+$' " + %%$'( $%'. !,) ASPE 3% 3% %5' %5'= = ,' $9' +"& +"&#$%#6 #$%#6 0$+#(+(0 0$+#(+(0 ""3'( ""3'( +0 $9'= +' 0%;' $" ""3. ""3. 8. !+) !+) R",' R",'$ $ +#( T" T" 09"& 09"&( ( " " + "; ";" "+$ +$%" %"# # 39 39'# '# $9'= $9'= " ",% ,%# #' $9'% $9'% "; ";' '+$% +$%"# "#0 0. T9 T9%0 %0 %0 $9' $9' ,'0 ,'0$ " " " ,&0% ,& 0%#' #'00 00 " " $9' $9' $" 9"" 9""0' 0' ,'+ ,'+&0 &0' ' $9'= $9'= ';' ';'$ $ $" +%0' &#(0 %# $9' "%#6 ='+ +#( %$ %0 '+0%' $" +%0' &#(0 %# + ";"+$%"#. A ";"+$%"# += +0" ''%<' "' +<"&+,' %#"' $+ $'+$'#$. !,) ASPE 3% 3% %5' %5'= = ,' $9' +"& +"&#$%#6 #$%#6 0$+#(+(0 0$+#(+(0 ""3'( ""3'( +0 $9'= +' 0%;' $" ""3. T9' ,&0%#'00 3"&( #"$ ,' + ;&,%= $+('( ";"+$%"# '>&%%#6 $9' &0' " IFRS. 4. !+) A ;+$#' ;+$#'09 09%; %; 3"&( 3"&( ,' $9' "0$ "0$ %5'= %5'= " " " ,&0%#' ,&0%#'00 00 " D+= E'# +#( M'6 $" 9""0'. I$ %0 0%;' $" " $9+# + ";"+$%"# +#( '00 "0$=. "0$=. !,) ASPE 3% 3% %5' %5'= = ,' $9' +"& +"&#$%#6 #$%#6 0$+#(+(0 0$+#(+(0 ""3'( ""3'( +0 $9'= +' 0%;' $" ""3. ""3.

!olutions 6anual



PROBLEM 1-2B !C"#$%#&'() T+5%#6 I$ F&$9': T9' +(<+#$+6'0 " 0$+$%#6 + ,&0%#'00 0&9 +0 + ;+$#'09%; +#( +$' %#";"+$%#6 $9' ,&0%#'00 %#&(': '+0' " "+$%"# 0%;%%$= +#( '(&'( "0$0. A0 $9' ,&0%#'00 6"30 +#( $9' +((% +((%$% $%"# "#+ + "0$ "0$0 0 +#( +#( +(% +(%#% #%0$ 0$+ +$% $%"# "# $9+$ $9+$ +' +' '>& '>&% %'( '( " ";"+$%"#0 +' &0$%%'( %#";"+$%#6 $9' ,&0%#'00 ;"<%('0 +((%$%"#+ +(<+#$+6'0.

!olutions 6anual



PROBLEM 1-8B !+) !+)

T"$+ "$+ "3 "3#' #' 0 0 '>&% '>&%$= $= !+# !+#.. 1 21 21).. ).... .... .... .... ..... ...... ...... ..... ..... ..... .. T"$+ %+,%%$% %+,%%$%'0 '0 !+#. 1 21)...... 21)........... ......... .......... ................ ............... ..... T"$+ "$+ +00'$0 +00'$0 !+#. !+#. 1 21 21)... )...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ......

? ?    ? ? 

!,) T"$+ "$+ +00' +00'$0 $0 !D' !D'.. 81 81 21 21).. ).... ..... ..... ..... ..... ..... ..... ..... ...... ...... ...... ...... ..... .... T"$+ "$+ "3#' "3#'0 0 '>&%$= '>&%$= !D'. !D'. 81 81 21 21)... )...... ...... ...... ...... ...... ...... ...... ... T"$+ "$+ %+,%%$ %+,%%$%' %'0 0 !D'. !D'. 81 21)... 21)...... ...... ....... ........ ........ ........ ........ ........ ....

7 7   4 4  8 8 

!) !)

T"$+ "$+ "3 "3#' #' 0 0 '>&% '>&%$= $= !D' !D'.. 81 81 21 21). )... .... .... .... .... .... .... .... .... .... .... .... T"$+ "$+ " "3#' 3#'0 0 '>&%$= '>&%$= !+#. !+#. 1 21). 21).... ...... ...... ....... ........ ........ ........ .... D'' D''+0' +0' %# "3#' "3#'0 0 '>&%$=.. '>&%$=..... ...... ...... ...... ...... ...... ....... ........ ........ ........ ...... ..

4 4   ? ?  1 1 

D'' D''+0' +0' %# "3 "3#' #'0 0 '>&%$=.. '>&%$=..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ...... .. A((: A((: I#<' I#<'0$ 0$' '#$0 #$0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... ..... ... L'00: L'00: D+3%#60. D+3%#60...... ......... ......... ......... ......... .......... .......... ......... ......... .......... .......... .......... ..... L"00..... L"00.......... ......... ......... ......... ......... .......... .......... ......... ......... .......... .......... ......... ......... ............... ..........

1 1      2 2

!() T"$+ "$+ ';'# ';'#0'0 0'0... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... .. 12 12  L'00: L'00: L"00.... L"00......... ......... ......... ......... ......... ........... ................ .................... .................... ............ .. !2) !2) T"$+ '<'#&'0. '<'#&'0...... ......... ......... ......... ......... .......... .......... ............ ................. .................. ........ 1 1 !')

T"$+ %+,%%$%'0 !+#. 1 21?)...................................... 21?)...................................... 8 E>&+ $" $"$+ %+,%%$%'0 !D'. 81 21) !,) +,"<'

!)

T"$+ "$+ "3#' "3#' 0 0 '>&% '>&%$= $= !+# !+#.. 1 21? 21?).. )..... ...... ..... ..... ..... ..... ..... ..... ..... ..... ... 4 4   E>&+ $" $"$+ "3#'0 '>&%$= !D'. 81 21) 6%<'#

!6) T"$+ "$+ +00' +00'$0 $0 !D' !D'.. 81 21 21?). ?)... .... .... .... ..... ...... ...... ...... ..... ..... ...... ...... ...... ..... E>&+ $" $"$+ +00'$0 !+#. 1 217) 6%<'#

!olutions 6anual

127 127  



PROBLEM 1-8B !C"#$%#&'() !9) T"$+ "$+ +00' +00'$0 $0 !D' !D'.. 81 81 21? 21?)) !6) !6) +,"< +,"<'.. '.... ..... ...... ....... ....... ..... .. 127 127   T"$+ "$+ %+,% %+,%%$% %$%'0 '0 !D'. !D'. 81 81 21? 21?)... )...... ...... ...... ....... ........ ........ ........ ........ .... 4 4 T"$+ "$+ "3#' "3#'0 0 '>&%$= '>&%$= !D' !D'.. 81 81 21?).. 21?)..... ...... ...... ...... ....... ........ ......  @2 @2 !%) !%)

T"$+ "$+ "3# "3#' '0 0 '>& '>&%$ %$= = !D' !D'.. 81 81 21? 21?). )... .... .... .... .... .... .... .... .... .... .... .... T"$+ "$+ "3#' "3#'0 0 '>&%$= '>&%$= !+#. !+#. 1 1 21? 21?)) !) +,"<'... +,"<'.......... ....... I#'+ I#'+0' 0' %# "3#'0 "3#'0 '>&%$= '>&%$=... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ......

@2 @2  4  87 87 

I#'+ I#'+0' 0' %# "3#'0 "3#'0 '>&%$= '>&%$=... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ...... L'00: P"%$............................................... P"%$............................................... !8) A((: A((: D+3 D+3%# %#60 60.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... 1 1  I#<'0$' I#<'0$'#$0.. #$0....... ......... ......... .......... .......... ......... ......... .......... .......... ......... ............ .............. ......

87 87  !2 !2 ) ) 12 12

!) !)

P"% P"%$. $... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... .... ..  8 8  A((: T"$+ ';'#0'0. ';'#0'0...... .......... .......... .......... ......... ......... ............ ................. ............ ..   T"$+ '<'#&'0. '<'#&'0...... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ........... .... 18 18

!5)

T"$+ %+,%%$%'0 !+#. 1 217)...................................... 217)...................................... 4 E>&+ $" $"$+ %+,%%$%'0 !D'. 81 21?) 6%<'#

!) !)

T"$+ "$+ "3# "3#' '0 0 '>& '>&%$ %$= = !+# !+#.. 1 21 217). 7).... ...... ...... ...... ..... ..... ..... ..... ..... ..... ... @2 @2   E>&+ $" $"$+ "3#'0 '>&%$= !D'. 81 21?) !9) +,"<'

!) T"$+ "$+ +00'$0 +00'$0 !D'. !D'. 81 81 217). 217).... ...... ...... ....... ........ ........ ........ ........ ........ ...... .. 17 17  T"$+ "3#'0 "3#'0 '>&%$= !D'. !D'. 81 217)...................... 217)...................... 1 1 T"$+ "$+ %+,%% %+,%%$%' $%'0 0 !D'. !D'. 81 217 217)... )...... ...... ...... ....... ........ ........ ........ ........ ....  7 7 !#) T"$+ "$+ "3 "3#' #' 0 0 '>& '>&%$ %$= = !D' !D'. . 81 81 21 217). 7).... ..... ..... ...... ...... ....... ....... ... 1 1   T"$+ "$+ "3# "3#' '0 0 '>&%$= '>&%$= !+#. !+#. 1 217) 217) !) +,"<'... +,"<'......... ...... @2  I#'+ I#'+0' 0' %# "3#' "3#'0 0 '>&%$=. '>&%$=.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ......  1@ 1@ I#'+ I#'+0' 0' %# "3# "3#' '0 0 '>&% '>&%$=. $=.... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ...... L'00: P"%$............................................... P"%$............................................... !8) L'00 L'00:: I#<' I#<'0$ 0$' '#$ #$0. 0... .... .... .... .... ..... ...... ...... ..... ..... ...... ...... ...... ...... .....  D+3%# D+3%#60. 60.... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ........ ........ ...... ..

!olutions 6anual

1@ 1@  !8 !8 ) ) 12 12 

#73 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-8B !C"#$%#&'() !") T"$+ "$+ '<'#& '<'#&'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ... 1? 1?  L'00: L'00: P"%$.... P"%$......... .......... .......... .......... ......... ......... .......... .......... ......... ............ ................ ........ 8 8 T"$+ ';'#0'0 ';'#0'0.... ......... ......... ......... .......... .......... ......... ......... ........... ................ .............. .... 18 18 T+5%#6 I$ F&$9': I# "(' $" ('%(' % +# "3#' #''(0 $" %#<'0$ +((%$%"#+ +09 %# $9' ,&0%#'00 $9' "3#' #''(0 $" ('$'%#' % $9'' %0 0&%%'#$ +09 +<+%+,' $" ;+= $9' ",%6+$%"#0 " $9' ,&0%#'00. *&%$' "$'# 39'# + ,&0%#'00 %0 #'3 +09 %#&0%"#0 +' #''('( $" &#( $9' ;&9+0' ;&9+0' " ";'+$%# ";'+$%#6 6 +00'$0. +00'$0. O#' $9' $9' ,&0%#'00 ,&0%#'00 %0 '0$+,%09'( +#( ;"%$+,' $9' "3#' %0 +,' $" 0$+$ +5%#6 3%$9(+3+0.

!olutions 6anual

#7# +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-4B !+) +#( !,) ! %# $9"&0+#(0) 1. 2. 8. 4. . ?. 7. @. . 1. 11. 12. 18. 14. 1. 1?. 17. 1@. !)

L A A A E E A L A E A L R R L C D L

BS BS BS BS IS IS BS BS BS IS BS BS IS IS BS OE OE BS

A"&#$0 ;+=+,' A"&#$0 ''%<+,' C+09 E>&%;'#$ I#$''0$ ';'#0' I#0&+#' ';'#0' L+#( +#( ,&%(%#60 N"$'0 ;+=+,' P';+%( %#0&+#' O;'+$%#6 ';'#0'0 O$9' +00'$0 O$9' %+,%%$%'0 O$9' '<'#&' R'#$ '<'#&'0 S++%'0 ;+=+,' T. Y&'# +;%$+ +#&+= 1 T. Y&'# (+3%#60 U#'+#'( '#$ '<'#&'

1 1? 12 ? 4 1 14  8 @71 ?1 8? 2 12 12 84 2 24

! %# $9"&0+#(0) R'<'#&' J E;'#0'0  P"%$ R'<'#&' !12  2)  1847 E;'#0'0 !4  1 @71)  81 P"%$ !1847 - 81)  41?

!olutions 6anual

#7( +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-4B !C"#$%#&'() T+5%#6 I$ F&$9': I$ %0 %;"$+#$ " P++(%0' M"&#$+%# F+%= R'0"$ $" 5''; $+ $+5 " %$0 (%' ''#$ $=;'0 ;'0 " ';'# ;'#0'0 $" '#0&' $9+$ +#+6''#$ %0 +,' $" 6'$ $9' #''00+= %#"+$%"# $" +5' ('%0%"#0 "#'#%#6 39'' %;"<''#$0 %# ;'"+#' +# ,' +('. A0 3' 0';++$' ';'#0'0 +# ,' ";+'( 3%$9 $9'% '+$'( '<'#&'0 $" ('$'%#' $9' +"&#$ " ;"%$ " $9' (%''#$ 0"&'0 " '<'#&' +$%<%$= " $9' ,&0%#'00.

!olutions 6anual

#7) +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-B 1. !+) !+)

T9' +" T9' +"&# &#$% $%#6 #6 $'+ $'+$ $'# '#$$ %0 %# %#" "' '$ $.. T9' T9' ;'0 ;'0%( %('# '#$$ %0 + ;'0"# "&$0%(' " $9' "6+#%+$%"# +#( #"$ +# +00'$ " $9' ,&0%#'00 0" $9' %;+$ " 9%0 ('+$9 09"&( #"$ ,' '"('(. !,) !,) T9 T9' ' '#$= $" ' '"( "( $9' %;+$ " $9' $9' ('+$9 " $9' ;'0 ;'0%( %('# '#$$ 09"& 09"&( ( ,' '" '"<' <'( ( " " $9' $9' +" +"&# &#$% $%#6 #6 '"(0. U0'0 " $9' 0$+$''#$0 3"&( ,' +3+' " $9' ('+$9 +#( #" '#$%"# #''( ,' +(' %# $9' %#+#%+ 0$+$''#$0 #"$'0.

2. !+) !+)

T9' +" T9' +"&# &#$% $%#6 #6 $' $'+$ +$' '#$ #$ %0 %0 %#" %#" ' '$$ +0 %$ %$ <%" <%"+$ +$'0 '0 $9' $9' 9%0$ 9%0$" "% %+ + "0$ "0$ "# "#' ';$. ;$. T9 T9' ' '>&% '>&%; ;' '#$ 09" 9"& &( ( ,' '"('( +$ $9' +"&#$ ;+%( $" ;&9+0' ;& 9+0' %$. !,) !,) T9 T9' ' '#$= #$= $" ' '"( "( $9' $9' ;& ;& 9+ 9+0 0' " $9' $9' '>& >&%; %;' '#$ #$ 09"& 09"&( ( ,' '(& '(&' '( ( ,= 1 1   %# $9' $9' +" +"&# &#$% $%#6 #6 '"(0 " M"#$%6#=.

8. !+) !+)

A #"$ #"$' ' $" $9' $9' %#+ %#+# #%+ %+ 0$+$ 0$+$' ''# '#$0 $0 0$+ 0$+$% $%#6 #6 $9+$ $9+$ V' V'$% $%+ + L%#'0 C";+#= %0 + 6"%#6 "#'# %0 #"$ #''00+=. T9' ,&0%#'00 %0 +00&'( $" ,' + 6"%#6 "#'# &#'00 $9'' %0 '<%('#' $" $9' "#$+=. !,) !,) A#= A#= #"$' #"$' 0$+$% 0$+$%#6 #6 $9+$ $9+$ $9' $9' ,&0%# ,&0%#'0 '00 0 %0 + 6"%#6 6"%#6 "# "#' '# # 09"&( ,' '"<'(.

T+5%#6 I$ F&$9': I$ %0 %;" %;"$+ $+#$ #$ " " "; ";+# +#%' %'0 0 $" " ""3 "3 6'#' 6'#'+ + = = +' +';$ ;$'( '( +" +"&# &#$% $%#6 #6 ;%# ;%#% %; ;'0 '0 !GAA !GAAP) P) ,'+ ,'+&0 &0' ' + " ""# "# 0'$ 0'$ " 0$+#(+ 0$+#(+(0 (0 +;;%' +;;%'( ( ,= + ,&0%#' ,&0%#'00 00'0 '0 +#( '#$%$% '#$%$%'0 '0 ;"<%(' ;"<%('0 0 %#+#%+ 0$+$''#$0 0$+$''#$0 $9+$ +' '+0"#+,= '+0"#+,= ";++,'. ";++,'. W%$9"&$ W%$9"&$ + ""# 0'$ " 0$+#(+(0 '+9 '#$';%0' "&( ('<'"; %$0 "3# $9'"= 0$&$&' +#( 0'$ " ;+$%'0 '0&$%#6 %# #"#";++,%%$= +"#6 '#$';%0'0 $" $9' ('$%'#$ " %#+#%+ 0$+$''#$ &0'0.

!olutions 6anual

#7+hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-?B !+) KENSINGTON BIKE REPAIR SHOP

C+09



A. R'.

S&;E>&%;A. U#'+#'( N"$' L.D';'0 L.D';'0 E ;%'0  '#$  P+=+,'  R'<'#&'  P+=+ P+=+, ,' '  C+;%$+ J D+3 D+3%# %#60 60 R'< R'<'# '#&' &' J ;'#0'0

A;% 1 21 21 2 8  ?  1 7 7 7  82 1? 2 2? 12 12 27 7 7 2@ 2 2 18 8 2 8 14 8 7 8 21             21    14@ 24  7    2  21 21  ?  21 21   

1 82 2 2 18 2 14  7       18  ?@  24

811  811

!olutions 6anual

#7* 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #

"ccounting Principles' !eventh +ana%ian E%ition E%ition

PROBLEM 1-?B !C"#$%#&'() !,) C+;%$ C+;%$+ + %#<'0$ %#<'0$'# '#$... $...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... 21 21  L'00: D+3%#60........................... D+3%#60.......................................................... ............................... 18 17 A((: A((: R'< R'<'#& '#&'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... ?@ ?@ L'00: E;'#0'0.......................................................... !24) L. D';'0 D';'0 C+;%$+ A;% A;% 8........ 8............. .......... ............... .................... ............. ... 28?1 28?1 T+5%#6 I$ F&$9':  09"&( ,' ';"$'( +0 +# +00'$ S&;;%'0 "# $9' A;% 8 ,++#' 09''$ $9' &#&0'( 0&;;%'0 "# 9+#( +0 " $9+$ (+$'.


"ccounting Principles' !eventh +ana%ian E%ition E%ition

PROBLEM 1-?B !C"#$%#&'() !,) C+;%$ C+;%$+ + %#<'0$ %#<'0$'# '#$... $...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... 21 21  L'00: D+3%#60........................... D+3%#60.......................................................... ............................... 18 17 A((: A((: R'< R'<'#& '#&'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ..... ?@ ?@ L'00: E;'#0'0.......................................................... !24) L. D';'0 D';'0 C+;%$+ A;% A;% 8........ 8............. .......... ............... .................... ............. ... 28?1 28?1 T+5%#6 I$ F&$9':  09"&( ,' ';"$'( +0 +# +00'$ S&;;%'0 "# $9' A;% 8 ,++#' 09''$ $9' &#&0'( 0&;;%'0 "# 9+#( +0 " $9+$ (+$'. 47 47 09"&( 09"&( ,' ';"$' ';"$'( ( +0 S&;;% S&;;%'0 '0 E;'#0 E;'#0' ' ';'0 ';'0'#$ '#$%#6 %#6 0&;;%'0 $9+$ 3'' +$&+= &0'( %# $9' "#$9 " &#'.

!olutions 6anual

#7 +hapter # 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.


PROBLEM 1-7B !+) !+)

BARR BARRY Y CON CONSU SUL LTING TING

T+#0- C+09  A.  S&;-  E>&%;.  A.  N"$'0 +$%"# R'. ;%'0 P+=+,' P+=. &#' 1 ? 2 J 8 4 4  J  827 12 J? 1  17 21 22 2?

J1@ 8 J4 

2 8 8

J21 J1 2 148 

U#'+# '(  R'<'-  L. B+ B+= = J L. B+= B+=  R'<'#&' J E#&' C+;%$+ D+3%#60 ;'#0'0 ? J J 827 J?  J1@

J8 -4  21 J1 2 2 

4  21 



     2 

? J

? 

@27 J

1@78  1@78

!olutions 6anual

#70 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #


PROBLEM 1-7B !C"#$%#&'() !+) N"$':

!C"#$%#&'() T9' %0$ &#' 1 $+#0+$%"# %0 #"$ ''<+#$ $" $9' ,&0%#'00 '#$%$=. I$ %0 + ;'0"#+ $+#0+$%"#. T9' &#' 2 $+#0+$%"# %0 #"$ '"('( ,'+&0' $9' $+#0+$%"# 9+0 #"$ ='$ ,''# ";'$'(. R'<'#&' 3% #"$ ,' '"6#%'( &#$% $9' 0'<%'0 +' ;'"'( %# &=.

!,)

P"%$  R'<'#&'0  E;'#0'0  !@27  24)  88 O3#'’0 E>&%$=  I#<'0$'#$  D+3%#60  P"%$  !?  ?  88)  178

24



PROBLEM 1-7B !C"#$%#&'() !+) N"$':

!C"#$%#&'() T9' %0$ &#' 1 $+#0+$%"# %0 #"$ ''<+#$ $" $9' ,&0%#'00 '#$%$=. I$ %0 + ;'0"#+ $+#0+$%"#. T9' &#' 2 $+#0+$%"# %0 #"$ '"('( ,'+&0' $9' $+#0+$%"# 9+0 #"$ ='$ ,''# ";'$'(. R'<'#&' 3% #"$ ,' '"6#%'( &#$% $9' 0'<%'0 +' ;'"'( %# &=.

!,)

P"%$  R'<'#&'0  E;'#0'0  !@27  24)  88 O3#'’0 E>&%$=  I#<'0$'#$  D+3%#60  P"%$  !?  ?  88)  178

!) BARRY CONSULTING B++#' S9''$ &#' 8 217 A00'$0 C+09.... C+09......... ......... ......... .......... .......... ......... ......... .......... .......... ............... .................... .................... .......... 148 148 A"& A"&#$0 #$0 ''%< ''%<+, +,'.. '..... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ...... 2 2 S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ...... ...... ..... .. 4 4 E>&%;'#$.................................................... E>&%;'#$.................................................................. ................ 21 21 T"$+ +00'$0... +00'$0........ ......... ......... .......... .......... ......... ......... .......... .............. ................... ............ 1@78 1@78 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$' ;+=+,'. ;+=+,'...... .......... .......... .......... ......... ......... .......... ............... .................... .............. ....    U#'+# U#'+#'( '( '<'#& '<'#&'.. '..... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... 2 2 T"$+ "$+ %+,% %+,%%$% %$%'0. '0.... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ....... ... @ @ O3#'’0 '>&%$= L. B+= B+= C+;%$+ C+;%$+ !0'' ;+$ !,))................ !,))............................... ...............

178 178

T"$+ %+,% %+,%%$%' %$%'0 0 +#( "3#' "3#'0 0 '>&%$=........ '>&%$=....................... ............... 1@78 1@78

!olutions 6anual



PROBLEM 1-7B !C"#$%#&'() T+5%#6 I$ F&$9': R'"6#%$%"# " +# '<'#$ " $+#0+$%"# 09"&( $+5' ;+' "#= 39'# $9'' 9+0 ,''# + 9+#6' %# $9' %#+#%+ ;"0%$%"# " $9' ";+#=. ";+#=. I# "$9' 3"(0 % + $+#0+$%"# $ +#0+$%"# ''$0 $9' ('%#%$%"# " +# +00' +00'$ $ %+, %+,% %%$ %$= = '>& >&%$ %$= = '<' '<'#& #&' ' " ';' ';'#0 #0' ' +#( +#( 9+0 9+0 + '+0 '+0& &'+ '+, ,' ' (" (" + + +"& +"&#$ #$ %$ 09"& 09"&( ( ,' '" '"6# 6#% %'( '( %# $9' $9' +"&# +"&#$%# $%#6 6 '"( '"(0. 0. A0 3' 3'  ;'0"# ;'0"#+ + $+#0+ $+#0+$% $%"#0 "#0 &0$ &0$ ,' '&('( $" ";= 3%$9 $9' ';"$%#6 '#$%$= "#';$.

!olutions 6anual



PROBLEM 1-@B !+) !+)

BAKE BAKER’ R’S S ACCO ACCOUN UNTI TING NG SERV SERVIC ICE E 

T+#0. O$. 1 1 1 4 @ 14 1 1@ 2 2 2@ 2 2 8 8 T"$+ "$+

C+09 7 -8@ - 1 -







A. S&;- E>&%;R'. ;%'0 '#$ 21 8 7?



    J  U#F. F. A. '+#'( N"$'0 B+5' B+5' R'
-1 4

8     -8

-4 - @ 28

4 -72 2@ 2

-12 18 18?8 ?8  88 88  8 8

11 11? ?  

 7 7

-2  2@ 2@ 

11 11    11 114 4 

-12 - 17 17 

 ?8 ?8 

2@8  2@8

!olutions 6anual

#7 0 3 8 (3# 9ohn ile& ; !ons +ana%a' Lt%.

+hapter #


PROBLEM 1-@B !C"#$%#&'() !+)

E;'#0'0

-

 -8 4   - @ 81 -72 2@

J

!C"#$%#&'()

N"$': T9' O$",' O$",'  +#( O$",' 2? '<'#$0 '<'#$0 +' #"$ '"('( '"('( ,'+&0' #" +"&#$%#6 $+#0+$%"# 9+0 $+5'# ;+'. T9' O$",' 2? 0$+$''#$ %0 #"$ + $+#0+$%"#. I# $9' O$",'  $+#0+$%"# $9' ';'#0' %#&'( " $9' "%' +00%0$+#$ 3% ,' '"('( 39'# $9' "%' +00%0$+#$ 9+0 3"5'( " B+5'. !,) BAKER’S ACCOUNTING SERVICE I#"' S$+$''#$ M"#$9 E#('( O$",' 81 217

-21 212 2



PROBLEM 1-@B !C"#$%#&'() !+)

!C"#$%#&'()

N"$': T9' O$",' O$",'  +#( O$",' 2? '<'#$0 '<'#$0 +' #"$ '"('( '"('( ,'+&0' #" +"&#$%#6 $+#0+$%"# 9+0 $+5'# ;+'. T9' O$",' 2? 0$+$''#$ %0 #"$ + $+#0+$%"#. I# $9' O$",'  $+#0+$%"# $9' ';'#0' %#&'( " $9' "%' +00%0$+#$ 3% ,' '"('( 39'# $9' "%' +00%0$+#$ 9+0 3"5'( " B+5'. !,) BAKER’S ACCOUNTING SERVICE I#"' S$+$''#$ M"#$9 E#('( O$",' 81 217 R'<'#&'0 S'<%' S'<%' '<'#&'.. '<'#&'....... ......... ......... .......... .......... ............ ................. .................... ............. ... ?8 ?8 E;'#0'0 A(<'$ A(<'$%0 %0%#6 %#6 ';'# ';'#0'. 0'.... ...... ...... ...... ....... ........ ........ ........ ........ ........ .... 8 8 R'#$ R'#$ ';'# ';'#0' 0'... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ......   S++ S++% %'0 '0 ';' ';'#0 #0'. '... .... .... .... .... .... .... .... .... .... ..... ...... ...... ...... ..... ..... ..... ..... ... 72 72 T'';9" '';9"#' #' ';'# ';'#0'. 0'.... ...... ...... ...... ....... ........ ........ ........ ........ ........ ...... .. 2 2 T"$+ ';'#0'0 ';'#0'0..... .......... ......... ............. ................... .................... .................... ..........

212 212

P"%$................................... P"%$...................................................... ......................................... ......................... ... 417 BAKER’S ACCOUNTING SERVICE S$+$''#$ " O3#'0 E>&%$= M"#$9 E#('( O$",' 81 217 F. B+5' B+5' C+;%$+ O$",' 1........................................ 1........................................ 114 114 A((: P"%$..... P"%$......... ......... .......... .......... ......... ......... .......... .......... ............. .................. ............. ... 417 417 1?2 L'00: L'00: D+3%#60. D+3%#60..... ......... ......... ......... .......... .......... ......... ............. ................... .............. .... 17 F. B+5' B+5' C+;%$+ O$",' 81...................................... 81...................................... 182

!olutions 6anual



PROBLEM 1-@B !C"#$%#&'() !,) !C"#$%#&'() BAKER’S ACCOUNTING SERVICE B++#' S9''$ O$",' 81 217 A00'$0 C+09............................. C+09................................................................ ................................................. .............. 18?8 A"& A"&#$0 #$0 ''%< ''%<+, +,'.. '..... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ........ .... 88 88 S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ...... ...... ...... ..... ..... ...... ...... ...... ...... ..... 8 8 E>&%;'#$................................ E>&%;'#$.................................................. ..................................... ................... 11? T"$+ +00'$0............................ +00'$0......................................................... .................................. ..... 2@8 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 ;+=+,'........................... ;+=+,'.......................................... .............................. ................. 11 11 A"&#$0 A"&#$0 ;+=+,'.. ;+=+,'...... ......... .......... .......... ......... ......... .......... ............. ................. ......... 7 U#'+#'( U#'+#'( '<'#&'.. '<'#&'....... .......... .......... .......... ................ ..................... .................. ........ 2@ 2@ T"$+ %+,%%$% %+,%%$%'0.. '0....... .......... .......... ......... .............. .................... .................... ............ .. 1 1 O3#'0 E>&%$= F. B+5' B+5' C+;%$+.............................. C+;%$+........................................... ....................... ..........  182 T"$+ %+,%%$%'0 %+,%%$%'0 +#( "3#'0 '>&%$=................ '>&%$=.................... .... 2@8

PROBLEM 1-@B !C"#$%#&'()

!olutions 6anual



!,) !C"#$%#&'() T+5%#6 I$ F&$9': A$ A$9" 9"&6 &69 9 + ;+= ;+='#$ '#$ 3+ 3+0 0 +(' +(' " " $9' ,&0% &0%#'0 #'00 ,+#5 ,+#5 +"&#$ $9' ;+='#$ 3+0 3%$9 '0;'$ $" + ;'0"# "#+ + $+#0+$%"# " $9' "3#' " 9%0 +%=. T9' +"&#$ &0$ ,' '"('( +0 + (+3%#60 $+#0+$%"# $" $9' F. B+5' D+3%#60 +"&#$ +0 %$ %0 #"$ + ,&0%#'00 ';'#0'. T9' ';"$%#6 '#$%$= "#';$ 6&%('0 $9' +"&#$%#6 $'+$'#$ " $9'0' $+#0+$%"#0 %$ 0$+$'0 $9+$ $+#0+$%"#0 '+$'( $" $9' ,&0%#'00 &0$ ,' 5';$ 0';++$' " $9' ;'0"#+ $+#0+$%"#0 " $9' "3#'. I# $9%0 +0' $9' "0$ " $9' (%##' %0 #"$ + ,'#'%$ $" $9' ,&0%#'00 #" ("'0 %$ ';'0'#$ + "0$ +00"%+$'( 3%$9 ";'+$%#6 $9' ,&0%#'00.

!olutions 6anual



PROBLEM 1-B OHANSEN DESIGNS I#"' S$+$''#$ Y'+ Y'+ E#('( D'',' D'',' 81 217 217 R'<'#&'0 S'<%' '<'#&'.............................. '<'#&'............................................................. ............................... 182 E;'#0'0 S++%'0 ';'#0'.......................... ';'#0'................................................ ...................... 7 R'#$ ';'#0'.. ';'#0'....... ......... ........... ................. .................... .................... ............... ..... 1@ 1@ S&;;% S&;;%'0 '0 ';'# ';'#0'. 0'.... ...... ....... ........ ........ ........ ........ ........ ........ ........ ........ ....... ... 822 822 T'';9" '';9"#' #' ';'#0' ';'#0'... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ....... ... 8 8 U$%% U$%%$%' $%'0 0 ';'# ';'#0'. 0'.... ...... ....... ........ ........ ........ ........ ........ ........ ........ ........ ........ ...... 24 24 I#0&+ I#0&+#' #' ';'#0 ';'#0'.. '..... ....... ........ ........ ........ ........ ........ ........ ........ ........ ....... ... 1@ 1@ I#$''0$ I#$''0$ ';'#0'.. ';'#0'....... .............. ................... .................... .................... ............ .. 8 T"$+ ';'# ';'#0'0. 0'0...... .......... .......... ......... ......... ......... ............. ................... .................... ............ 27 27 P"%$...................................... P"%$......................................................... ............................................... ............................ 88?2 OHANSEN DESIGNS S$+$''#$ " O3#'0 E>&%$= Y'+ Y'+ E#('( D'',' D'',' 81 217 217 . "9+#0'# "9+#0'# C+;%$+ C+;%$+ +#&+= +#&+= 1............ 1................. .......... .......... ......... ........... .......... ... 8@ 8@ A((: P"%$..... P"%$.......... .......... .......... ......... ......... .......... .......... ......... ............. ................... .................... ............ 88?2 88?2 ?42 L'00: L'00: D+3%#60. D+3%#60...... ......... ......... .......... .......... ......... .............. .................... .................... ................. ....... 4 4 . "9+#0'# "9+#0'# C+;%$+ C+;%$+ D'',' D'',' 81........ 81............. ............... ..................... ............. 242 242

!olutions 6anual



PROBLEM 1-B !C"#$%#&'() OHANSEN DESIGNS B++#' S9''$ D'',' 81 217 A00'$0 C+09................................ C+09................................................... ................................. ............................ .................... ......  11@ A"&# A"&#$0 $0 ''%< ''%<+, +,'.. '..... ...... ...... ...... ...... ...... ...... ...... ...... ....... ........ ........ ........ ........ ........ ........ ...... .. ?74 ?74 S&;; S&;;% %'0 '0.. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... .. ?7 ?7 P'; P';+% +%( ( %#0& %#0&+ +# #'. '... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ..... ..... ..... ..... ..... ..... ..... ..... .. ? ? F&#%$&'.. F&#%$&'....... ......... ......... .......... .......... ......... ......... .......... ........... ................ ..................... ..................... ............ 17 17 E>&%;'#$... E>&%;'#$........ ......... ......... .......... .......... ......... ......... .......... .......... ......... ......... ......... ......... .......... ............ ....... @ @ T"$+ +00'$0............................ +00'$0............................................... ................................. ...................... ........ 41 L%+,%%$%'0 +#( O3#'0 E>&%$= L%+,%%$%'0 N"$'0 ;+=+,'. ;+=+,'...... .......... .......... ......... ......... ......... ......... .......... ............... .................... ................ ......  7 7 A"&#$0 A"&#$0 ;+=+,'... ;+=+,'........ ......... ......... .......... .......... ......... ......... ......... ......... ............ .............. ....... ? ? U#'+#'( U#'+#'( '<'#&'... '<'#&'........ .......... ......... ......... .......... ............ ................. .................... .............. .... 2 2 T"$+ %+,%%$% %+,%%$%'0.. '0....... ......... ......... .......... .......... ......... ............. ................... .................... ............ 1? 1? O3#'0 '>&%$= . "9+#0'# "9+#0'# C+;%$+.... C+;%$+......... .......... ......... ......... .......... .......... ......... ......... .............. ............. .... 242 242 T"$+ %+,%%$%' %+,%%$%'0 0 +#( "3#'0 "3#'0 '>&%$=....... '>&%$=............ ............... ............... ..... 41 41 T+5%#6 I$ F&$9': I# "(' $" ,' +,' $" ('$'%#' $9' D'',' 81 217 ,++#' %# $9' . "9+#0'# C+;%$+ +"&#$ " $9' ,++#' 09''$ ="& #''( $" 9+<' ;';+'( $9' 0$+$''#$ " "3#'’0 "3#' ’0 '>&%$= %0$. T9' ,++#' %# $9' "3#'’0 +;%$+ %0 #"$ &;(+$'( '+9 $%' "3#'’0 '>&%$= %0 %#'+0'( " (''+0'(. I#0$'+( +$ $9' '#( " $9' +"&#$%#6 ;'%"( $9' %;+$ " $9' '<'#&'0 ';'#0'0 +#( (+3 (+3%# %#60 60 "# "3 "3#' #'’ ’0 0 +;% +;%$+ $+ %0 ('$' ('$' %# %#'( '( %# $9' $9' %#" %#"' ' 0$+$''#$ +#( $9'# %# $9' 0$+$''#$ " "3#'’0 "3#' ’0 '>&%$=. '>&%$=.

!olutions 6anual



PROBLEM 1-1B !+) !+)

!%) !%%) !%%% !%%%)) !%< !%<) !<) !<) !<% !<%) !<%%) !<%%) !<%% !<%%%) %) !%) !%) !)

11    1  4   ??  ?  ? 11 11    ?? ??    48 48  T"$+ "$+ +00 +00'$0  11   ?2 ?2   87   ? ?   1  @ @   ?2   17 17  7 7   8 8   17 17   !" !" <%)     17 17   ! !" " <%) <%) 7 7    48 48   !" !"  %%% %%%))  14 14   48 " $9' ,++#' 09''$ !" %%%)

!,) I# ;';+ ;';+%# %#6 6 $9' %#+# %#+#%+ %+ 0$+$' 0$+$''#$0 '#$0 $9' %0$ %0$ 0$+$ 0$+$'' ''#$ #$ $" ,' ;';+'( %0 $9' %#"' 0$+$''#$. T9' ;"%$ %6&' %0 &0'( %# $9' 0$+$''#$ " "3#'’0 '>&%$= $" +&+$' $9' '#(% '#(%#6 #6 ,++ ,++# #' ' " +;% +;%$+ $+. . T9 T9' ' ,++ ,++# #' ' 09'' 09''$$ %0 $9'# $9'# ";'$'( &0%#6 $9' ,++#' " +;%$+ +0 +&+$'( %# $9' 0$+$''#$ " "3#'’0 '>&%$=. T+5%#6 I$ F&$9': T9' ,++ T9' ,++# #' ' 09'' 09''$ $ 39 39% %9 9 %0 0"' 0"'$% $%' '0 0 '' '' '( '( $" +0 $9' $9' 0$+$''#$ " %#+#%+ ;"0%$%"# ';"$0 ,++#'0 +$ + 0;'%% ;"%#$ %# $%' $%' J +0 " $9' $9' +0$ +0$ (+= " $9' ';"$%#6 ';"$%#6 ;'%"(. ;'%"(. T9' %#"' 0$+$''#$ "# $9' "$9' 9+#( ';"$0 $9' '0&$0 " $9' ,&0%#'00 $+#0+$%"#0 " '<'#&'0 +#( ';'#0'0 " + ;'%"( " $%' 39'$9' %$ %0 + "#$9 + >&+$' " + %0+ ='+. T9' 0$+$''#$ " "3#'’0 '>&%$= +0" ';"$0 " $9' ;'%"( " $%' $9"0 $9"0' ' %$'0 $'0 $9+ $9+$ 9+<' +<' %# %#'+ '+0'( " ('' ''+0 +0' '( +;% +;%$+ $+. C"#0 C"#0'> '>&' &'#$ #$= = $9' $9' %#" %#"' ' 0$+$ 0$+$' ''# '#$$ +#( +#( $9' $9' 0$+$ 0$+$' ''# '#$$ " "3#'’0 '>&%$= +' " $9' ;'%"( " $%' '#(%#6 +$ + 0;'%% (+$' +#( $9' ,++#' 09''$ %0 +$ $9+$ 0;'%% (+$'.

!olutions 6anual



PROBLEM 1-1 1- 11B !+)

1.

O#= $9' +00 +00'$0 $9+ $9+$ ,'"#6 $" $9' ,&0%#'00 +#( $9' %+, %+,% %%$% %$%'0 '0 $9+$ $9+$ +' +' "3 "3'( '( ,= $9' $9' ,& ,&0% 0%#' #'00 00 09"& 09"&( ( ,' '" '"( ('( '( %# %$0 %$0 %#+ %#+# #%+ %+ 0$+$ 0$+$' ''# '#$0 $0.. T9 T9' ' ," ,"+$ +$ +#( +#( '+$'( (',$ 09"&( ,' '"<'( " $9' ,++#' 09''$ $" "#" $" $9' ';"$%#6 '#$%$= "#';$.

2.

T9' 0&; T9' &;; ;%%'0 09"& 09"&( ( ,' ' '"(' "('( ( +$ "0$ "0$ " 1  &#$% $9'= +' &0'(. !9%0$"%+ "0$ "#';$)

8.

T9'  09"&( ,' '$&#'( $" +09 +0 $9%0 $+#0+$%"# 9+0 #"$ ='$ "&'(. !'"6#%$%"# %$'%+)

4.

G. G G"" ""( (+# +# C+;%$ C+;%$+ + 09" 09"& &( ( ,' ';" ';"$' $'( ( +$ %$0 '#( '#(%# %#6 6 ,++#' +$ D'',' 81 217 "# $9' ,++#' 09''$. H' #''(0 $" &;(+$' $9' ,++#' $" %#&(' $9' %;+$ " + '<'#&'0 ';'#0' +#( (+3%#60 (&%#6 $9' ;'%"( "# "3#'’0 '>&%$=.

.

T9' ;';+ T9' ;';+%( %( %#0& %#0&+ +# #' ' " 1 12 2  #''( #''(0 0 $" ,' +(( +(('( '( $" $" $9' +00'$0 " $9' ,&0%#'00.

?.

T9' ;"% T9' ;"%$$ 09"& 09"&( ( #"$ +;; +;;'+ '+ "# $9' ,+ ,++# +#' ' 09' 09''$ '$ ,&$ 09"&( ,' %#&('( %# $9' '#(%#6 ,++#' " $9' C+;%$+ +"&#$.

!olutions 6anual



PROBLEM 1-11B !C"#$%#&'() !,) GG C";+#= B++#' S9''$ D'',' 81 217 A00'$0 C+09 2 A"&#$0 A"&#$0 ''%<+, ''%<+,' '   S&;;%'0 1 P'; P';+% +%( ( %#0& %#0&+ +# #' ' 12 12  T"$+ +00'$0 12

L%+,%%$%'0 L%+,%%$% '0 +#( O3#'’0 O3#' ’0 E>&%$= A"&#$0 ;+=+,' 4 G. G""(+# C+;%$+ 4?2 T"$+ "$+ %+, %+,% %%$% %$%'0 '0 +#( +#( "3#' ’0 '>&%$= 12

G. G""(+# C+;%$+  12 J 4  4?2. T+5%#6 I$ F&$9': I G% G" G""( "( +# (%( (%( #" #"$$ +5' +#= 3%$9( %$9(+ +3 3+0 " " GG C"; C";+# +#= = #" #" +5' +5' &$9' &$9' %#<' %#<'0$ 0$' '#$ #$0 0 %#$" %#$" $9' $9' ,& ,&0% 0%#' #'00 00 (&%#6 217 $9' 9+#6' %# 9%0 +;%$+ +"&#$ 3% "'0;"#( $" $9' ;"%$ " $9' ='+ '#(%#6 D'',' 81 217. I# $9%0 +0' $9' G. G""(+# C+;%$+ +"&#$ %#'+0'( " 2 $" 4?2 +#( 0" $9' ;"%$ 3+0 212.

!olutions 6anual



BYP 1-1 FINANCIAL REPORTING PROBLEM

!+) C"&0 C"&0 &0'0 &0'0 +# +# A&6&0$ A&6&0$ 81 81 %0 %0+ + ='+ ='+ '#(. '#(. !,) A0 '#$% '#$%"#' "#'( ( %# #"$' 2 $" $9' %#+ %#+# #%+ %+ 0$+$ 0$+$' ''# '#$0 $0 $%$ $%$'( '( B+0%0 " P';++$%"# +#( S$+$''#$ " C";%+#' C"&0 "#%0 $9+$ %$ 9+0 ';"$'( &#(' IFRS . !) !) T9' T9' "& "& "#0 "#0" "%( %(+$ +$'( '( %#+ %#+# #%+ %+ 0$+$ 0$+$' ''# '#$0 $0 ;'0' ;'0'#$' #$'( ( " $9' ='+ '#('( A&6&0$ 81 214 %#&(': 1. S$+$''#$0 S$+$''#$0 " F%#+# F%#+#%+ %+ P"0%$%"# P"0%$%"# 2. S$+$''#$0 S$+$''#$0 " " I#"' I#"' +#( C";'9' C";'9'#0%<' #0%<' I#"' I#"' 8. S$+$''#$0 S$+$''#$0 " C9+#6'0 C9+#6'0 %# %# S9+'9"(' S9+'9"('0’ 0’ E>&%$= E>&%$= 4. S$+$' S$+$''#$ '#$0 0 " C+09 C+09 F"30 F"30 !() A$ $9' $"; " '+9 '+9 %#+#%+ %#+#%+ 0$+$''#$ 0$+$''#$ %'(%+$' %'(%+$'= = +$' +$' $9' $9' $%$' " $9' 0$+$''#$ %# ,+5'$0 !%# $9"&0+#(0 " C+#+(%+# (" "+0) +;; ;;' '+0. F" $9' 0$+$' $''#$ " %#"' +#( ";' ";'9'# 9'#0%< 0%<' ' %#"' %#"' $9' &$9' &$9' +% +%% %+$% +$%"# "# %0 6%<'# 6%<'# $9+$ $9%0 ;'0'#$+$%"# '&('0 $9' +"&#$0 ';"$'( " '+#%#60 ;' 09+' !'';$ ;' 09+' +"&#$0). !') !') T"$+ "$+ +00' +00'$0 $0 +0 +$ A&6&0$ 81 214: A&6&0$ 81 218: !) !)

T"$+ "$+ %+, %+,% %%$ %$%' %'0 0 +0 +$ A&6&0$ 81 214: A&6&0$ 81 218:

!olutions 6anual

27@4@2 21?7187 14744? 4?84



BYP 1-1 !C"#$%#&'() !6) N'$ N'$ %#" %#"' ' " ='+ ='+ '#(' '#('(: (: A&6&0$ 81 214: A&6&0$ 81 218: D'%#' %# #'$ %#"'

1?1? 1?74  @

O .@ ('%#' %# #'$ %#"' !@  1?74)

!olutions 6anual



BYP 1-2 INTERPRETING FINANCIAL STATEMENTS STATEMENTS

!+)

E;"= E;"='' ''0 0 +' $9' "0$ "0$ %;" %;"$+ $+#$ #$ '"#" '"#"% % '0"& '0"&' ' $" + ,&0%#'00 0&9 +0 A;;'. E;"=''0 ,%#6 %##"<+$%"# %# $9' ('<'";'#$ " #'3 ;"(&$0 +#( +' $9''"' ';'$'( $" ;"<%(' &$&' '"#"% ,'#'%$ $" $9' ,&0%#'00. I# "(' "(' " " +# +00'$ $" ,' %# #&( &(' '( "# + " "; ;+#= +#=’0 ,++#' 09''$ $9+$ +00'$ #''(0 $" ,' "3#'( " "#$"'( ,= $9' ";+#= +#( ';'$'( $" ;"<%(' &$&' 0'<%'0 " '"#"% ,'#'%$0. I# +((%$%"# $9' <+&' &0$ ,' +,' $" ,' '%+,= '+0&'( %# "#'$+= $'0. W9%' ';"=''0 (" ;"<% ;"<%(' (' &$&' &$&' 0'<% 0'<%'0 '0 +#( '"#" '"#"% % ,'#'% ,'#'%$0 $0 $9'% $9'% <+&' +##"$ ,' '+0&'( %# "#'$+= $'0 +#( $9'= +' #"$ "3#'( ,= A;;' I#. U#'"('( '"#"% '0"&'0 0&9 +0 ';"=''0 +' #"$ %#&('( "# $9' ,++#' 09''$.

!,) !,) T9' T9' $"$+ $"$+ +00'$0 0'$0 ';" ';"$ $' '( "# $9' $9' ,++ ,++# #' ' 09'' 9''$ (" #"$ '<'+ 39+$ A;;' %0 3"$9. A & ,++#' 09''$ 3"&( ,' #''('( $" %#( "&$ 9"3 $9'0' +00'$0 +' %#+#'(. I $9'' 3+0 + 6'+$ ('+ " (',$ "# $9' ,++#' 09''$ $9+$ 3"&( 9+<' $" ,' ;+%( "&$ " $9' +00'$0 $9%0 3"&( '+<' <'= %$$' '>&%$= $" $9' 09+'9"('0 39%9 %0 $9' +"&#$ $9+$ 3"&( ,' "0' $" $9' <+&' " $9' ,&0%#'00. T9'' +' "$9' %%$+$%"#0 $" $9' ,++#' 09''$ ,'0%('0 "%$$%#6 $9' <+&' " $9' ';"=''0. M+#= +00'$0 "# $9' ,++#' 09''$ +' '"('( +$ "0$ +$9' $9+# +% <+&'. O$9' +00'$0 0&9 +0 $9' A;;' $+('+5 +' #"$ %0$'(. A0 3' 39+$ + ,&0%#'00 %0 3"$9X " +# ,' 0"( " += #"$ ,' ';'0'#$+$%<' " '%$9' %$0 "0$ " +% <+&'. I# $9' '#( %$ %0 39+$ 0"'"#' %0 3%%#6 $" ;+= " + ";+#= $9+$ ('$'%#'0 + ";+#=’0 3"$9 %('+= 0&;;"$'( ,= %$0 &'#$ +% <+&' " ';'$'( &$&' ;"%$0.

!olutions 6anual



BYP 1-8 COLLABORATIVE LEARNING ACTIVITY A " $9' +$' +$'%+ %+ 0&;;' 0&;;'' '#$% #$%#6 #6 $9' "+ "+," ,"+$% +$%<' <' '+#% '+#%#6 #6 +$%<%$= %#&(%#6 + 0&66'0$'( 0"&$%"# +# ,' "&#( %# $9' C"+,"+$%<' L'+#%#6 0'$%"# " $9' I#0$&$" R'0"&'0 0%$' +";+#=%#6 $9%0 $'$,""5.

!olutions 6anual



BYP 1-4 COMMUNICATION COMMUNICATION ACTIVITY D+$': T": R",'$ ""$' F": S$&('#$ S&,' S&,'$: $: B++# B++#' ' S9''$ S9''$ C"' C"'$%" $%"# # I 9+<' 9+<' '<% '<%'3 '3'( '( $9' $9' ,++ ,++# #' ' 09'' 09''$$ " P'+5 P'+5 C"; C";+# +#= = +0 +$ D'',' 81 217 +#( "' $9' ""3%#6 "'#$0 " ="& '<%'3 +#( "#0%('+$%"#: +.

T9' ,++#' %# ="& +;%$+ +"&#$ 09"&( ,' $9' +& +&&+ &+$%" $%"# # " + %#<'0 %#<'0$' $'#$0 #$0 '%$9' '%$9' %# +09 +09 " "$9' "$9' +00' +00'$0 $0 "# "#$ $%, %,&$ &$'( '( ,= ="& ="& $" $9' $9' "; ";+# +#= = '00 '00 +#= +#= (+3%#60 %# '%$9' +09 " "$9' +00'$0 ="& 9+<' +(' " ;'0"#+ &0' ;&0 ;"%$ +#( '00 "00'0 "<' $%'. T9' ;&;"0' " + ,++#' 09''$ %0 $" ;'0'#$ $9' %#+#%+ ;"0%$%"# " $9' ";+#= +$ + ;"%#$ %# $%'. T9' ,++#' 09''$ %0$0 $9' ";+#=’0 +00'$0 %+,%%$%'0 +#( '>&%$%'0.

,.

A #& #&,' ,' " %$' %$'0 0 %# ="& ="& ,++# ,++#' ' 09'' 09''$$ +' +' #"$ ;"; ;";' '= = ';"$'( +0 %#(%+$'( ,'"3: 1.

T9' ,++#' 09''$ 09"&( ,' (+$'( +0 " + 0;'%% T9' (+$' #"$ " + ;'%"( " $%' 0&9 +0 $9' "#$9 '#('( D'',' 81 217. R+$9' $9' %$ 09" 9"& &( ,' (+$'( D'',' 81 217.

2.

A00'$0 "# $9' ,+ ,++#' #' 09''$ +' #"+= %0$'( $'( %# "(' " %>&%(%$=.

8.

A00'$0 %#&(' A"& "&# #$0 R''%<+, ,' ' +#( P';+%( I#0& I#0&+ +# #' ' 39 39% %9 9 09"& 09"&( ( ,' %# %#&( &('( '( %# $9' +00' +00'$0 $0 0'$ 0'$%" %"# # +$9 +$9' ' $9+# $9+# +0 ('(& ('(&$ $%" %"#0 #0 $" %+, %+,% %%$ %$%' %'0 0 +#( +#( "3#'’0 '>&%$=.

!olutions 6anual



BYP 1-4 !C"#$%#&'() !,) !C"#$%#&'() 4.

T9' ,"$$" ;"$%"# " $9' ,++#' 09''$ 9'+('( L%+,%%$%'0 +#( O3#'0 E>&%$= 09"&( ,' 0&,-(%<%('( %#$" %#$" $3" $3" 0'$ 0'$%" %"#0 #0:: "# "#' ' " " L%+, L%+,% %%%$%'0 $%'0 +#( +#( "# "#' ' " " O3#'0 E>&%$=. E>&%$=. L%+,%%$%= +"&#$0 3"&( %#&(' N"$'0 P+=+, P+=+,' ' +#( A"&# A"&#$0 $0 P+=+, P+=+,'. '. T9' "3# "3#'’ '’0 0 '>&%$= '>&%$= 0'$%"# 3"&( %#&(' $9' +;%$+ +"&#$.

.

A" A"&# &#$0 $0 P+=+ P+=+, ,' ' 09" 9"& &( ( ,' ';" ';"$ $'( '( %# $9' $9' %+, %+,% %%$ %$= = 0'$ 0'$%" %"# # +$9 +$9' ' $9+# $9+# +0 + ('(& ('(&$ $%" %"# # %# $9' $9' +00' +00'$0 $0 0'$%"# " $9' ,++#' 09''$.

?.

R. ""$ ""$' ' D+3 D+3%# %#60 60 09"& 09"&( ( #" #"$$ ,' ';" ';"$ $' '( 0';+ 0';++ +$' $'= = "# $9' ,++#' 09''$ ,&$ +$9' 09"&( ,' 0&,$+$'( " R. ""$' C+;%$+ $" +%<' +$ "3#'0 '>&%$= " $9' '#( " $9' ;'%"(.

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!olutions 6anual



BYP 1-4 !C"#$%#&'() !) !)

A " "' '$$ ,+ ,++# +#' ' 09''$ 9''$ " ""3 "30: 0: PEAK COMP CO MPANY ANY B++#' S9''$ D'',' 81 217

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!olutions 6anual



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!olutions 6anual



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B= &#( &#(' '0$ 0$+# +#(% (%#6 #6 $9' $9' % %#+# #+#%+ %+ 0$+$ 0$+$' ''# '#$0 $0 " " + ,&0% ,&0%#' #'00 00 +# %#(%<%(&+ %0 %# + ,'$$' ;"0%$%"# $" '(&' $9' %050 %#<"<'( %# 9""0%#6 ,'$3''# ';"='0 39'$9' $9%0 ('%0%"# %0 &;"# 6+(&+$%"# " " 0&' ';"='#$. T9' %#"' %#"' 0$+$' 0$+$''#$ '#$ ;"<%( ;"<%('0 '0 %#" %#"+$% +$%"# "# '6+( '6+(%#6 %#6 ;"%$+,%%$= 39%' $9' ,++#' 09''$ %0 &0'( $" +00'00 "#6 $' 0$+,%%$= +#( %'(%+$' %>&%(%$= " 0"<'#= " $9' %.

!olutions 6anual



BYP 1-? S+#$Z S""$9%' S+6+ !+) !+)

N+$+ N+$+% %' ' 9+0 + 9"% 9"%' ' ,'$3' ,'$3''# '# + 0"' 0"' ;"; ;";%' %'$" $"09 09%; %; +#( +#( + ";"+$%"#. A ;+$#'09%; %0 #"$ +# ";$%"# 0%#' 09' %0 $9' 0"' "3#' " $9' ,&0%#'00. A ;"; ;";% %'$ '$" "09 09%; %; %0 $9' $9' '+0 '+0%'0$ %'0$ $" '+ '+$' $' +#( +#( "; ";' '+$ +$' ' ,'+ ,'+&0 &0' ' $9' $9'' ' +' +' #" " "+ + ;" ;"'( '(& &'0 '0 %#< %#<"<' "<'( ( %# '+$%#6 $9' ;";%'$"09%;. H"3'<' % 09' ";'+$'0 $9' ,&0% ,& 0%#' #'00 00 +0 + ;"; ;";% %'$ '$" "09 09%; %; 09' 09' 3% 3%  ;'0 ;'0"# "#+ += = 9+<' 9+<' &#%%$'( %+,%%$= " $9' (',$0 " $9' ,&0%#'00. O;'+$%#6 $9' ,&0%#'00 +0 + ";"+$%"# += %%$ 9' %+,%%$= $" 9' %#<'0$'#$ %# $9' ,&0%#'00 9"3'<' %# C+#+(+ %$ %0 #"$ &#&0&+ " ,&0%#'00 '#('0 $" '>&%' $9' 09+'9"('!0) " 0+ ;%<+$' $'= 9'( ";"+ "+$%"#0 $" ;'0"#+= 6&++#$'' 6&++#$'' ";"+$ ";"+$' ' "+#0. "+#0. I# $9%0 +0' +0' $9' 09+'9" 09+'9"(' (' += 0$% ,' '0;"#0%,' " $9' ,&0%#'00 (',$ %# $9' '<'#$ " ,+#5 ,+#5& &;$ ;$= = +#( / " %#0" #0"<' <'# #= =. N+$+ N+$+% %' ' 3% 3%  %# + + %5'%9""( '>&%' $9' 0'<%'0 " + +3=' $" %#";"+$'. C"0$0 $" %#";"+$' +0 3' +0 +((%$%"#+ "#6"%#6 "0$0 $" +(%#%0$+$' +#( ";'+$' $9' ,&0%#'00 +0 + ";"+$%"# "&( ,' "' "0$= $= $9+# + ;";%'$"09%;.1 T9' ";"+$%"# 3"&( ;+= %#"' $+'0 "# %$0 ;"%$0 %#0$'+( " N+$+%' ;'0"#+= ;+=%#6 $+'0 "# $9' #'$ %#"' " $9' ;";%'$"09%;. T9' +"&#$ " $+'0 $9+$ 3"&( ,' ;+%( "&( ,' 9%69' 3%$9 $9' ";"+$%"#. 1 M= '"'#(+$%"# %0 $9+$ N+$+%' 9""0' $9' ;";%'$"09%; " " ,&0%#'00 "6+#%+$%"#. T9%0 %0 + <'= 0+ ,&0%#'00 39'' $9' "0$ " %#";"+$%#6 "&$3'%690 $9' ,'#'%$0 " %#";"+$%#6 +$ $9%0 ;"% "%#$ #$ %# $%'. F&$9' F& $9'" "' ' %$ 3% % ,' '+0%' +0%' $" 0$"; $"; ";'+ ;'+$% $%#6 #6 $9' $9' ,&0%#'00 % N+$+%' ('%('0 #"$ $" "#$%#&' 3%$9 %$ "#' 09' %0 %#%09'( "'6'. 1

A((%$%"#+ "'#$0 $9+$ +' #"$ 0;'%%+= "<''( "<''( %# $9' $'$ $9+$ 0"' 0$&('#$0 += %('#$%= " $9' %#0$&$" += 3%09 $" (%0&00 3%$9 $9' 0$&('#$0 .

!olutions 6anual



BYP 1-? !C"#$%#&'() !,) Y'0 '0 N+$+ N+$+% %' ' 3% #''( #''( +"& +"&#$ #$%# %#6 6 %#" %#"+ +$% $%"# "# $" 9'; 9'; 9' ";'+$ ";'+$' ' 9' ,&0%#' ,&0%#'00. 00. S9' 3% 3%  #''( #''( %#" %#"+$% +$%"# "# "# 9' +09 ,++ ,++# #' ' "# + (+% (+%= = " 3''5= ,+0 ,+0%0 $" 9'; 9'; 9' 9' ('$'%#' % 09' +# ;+= 9' ,%0. S9' 3% #''( $" 5#"3 $9' "0$ " 9' 0""$9%'0 0" 09' +# '0$+,%09 39+$ $" 9+6' 9' &0$ &0$"'. S9' 3% #''( $" 5#"3 $9' ";+#=’0 '<'#&'0 +#( ';'#0'0 0" 09' +# ';"$ 9' ;"%$ " ;'0"#+ %#"' $+ ';"$%#6 ;&;"0'0 "# +# +##&+ ,+0%0. I 09' ,""30 "#'= 09' 3% #''( %#+#%+ 0$+$''#$0 0" '#('0 +# +00'00 $9' ";+#=’0 +,%%$= $" $9' 0'<%' $9' (',$. I'. ;+= $9' ;%#%;+ ;&0 %#$''0$. . N+$+%' 3"&( +0" %#( %#+#%+ 0$+$''#$0 &0'& $" ,'$$' &#('0$+#( 9' ,&0%#'00 +#( %('#$%= +#= %#+#%+ %00&'0 +0 '+= +0 ;"00%,'. M"#$9= %#+#%+ 0$+$''#$0 3"&( ,' ,'0$ ,'+&0' +"&#$%#6 %#"+$%"# %0 #''('( "# + $%'= ,+0%0. !) !)

I N+$+ N+$+% %' ' #''(0 #''(0 $" ,"" ,""3 3 "#'= "#'= " " + '+ '+$% $%<' <' " " " $9' ,+#5 " #''(0 $" '0$+,%09 '(%$ 3%$9 0"' 0&;;%'0 09' 3% #''( $" ,' +,' $" ;'0'#$ $9'0' '(%$"0 3%$9 + 0'$ " %#+# #+#%+ 0$+$''#$0 $" ",$+%# '(%$ +#( $" ('"#0$+$' 9' +,%%$= $" ';+= "+#0. T9' C+#+(+ R'<'#&' A6'#= !CRA) %0 +#"$9' &0' " $9' %#+#%+ %#"+$%"#. %#"+$%"#. CRA 3% 3+#$ 3+#$ $" '#0&' $9+$ N+$+%' N+$+%' %0 ';"$%# $%#6 + " $9' ;"%$0 ;"; ";' '= +#( $9+$ 9+$ $9' ';'#0'0 " $9' ,&0%#'00 +' %# +$ ('(&$%,'. N+$+%' 3% ;'0 ;'0"# "#+ += = ;+= ;+= %#" %#"' ' $+' $+'0 0 "# $9' !#'$ !#'$)) ;"% ;"%$$ " $9' $9' ";+#=.

!olutions 6anual



BYP 1-? !C"#$%#&'() !() A00' A00'$0: $0: C+09 C+09 A"& A"&#$0 #$0 R''% R''%<+ <+,' ,' S&;;%'0 S&;;%'0 E>&%;' E>&%;'#$ #$ L%+,%%$%' L%+,%%$%'0: 0: A"&#$0 A"&#$0 P+=+,' P+=+,' U#'+#'( U#'+#'( R'<'#&' R'<'#&' N"$'0 P+=+,' O3#'’0 E>&%$=: N. K"',' C+;%$+ N. K"',' D+3%#60 R'<'#&': R'<'#&' E;'#0 ;'#0' '0: A(<' (<'$% $%0%#6 0%#6 E;' E;'#0 #0' ' I#$' I#$''0$ '0$ S&;;%'0 E;'#0' T'';9"#' E;'#0' !') !')

E;'#0 ;'#0' '

N+$+ N+$+% %' ' 09"& 09"&( ( 9+<' 9+<' + 0';+ 0';++ +$' $' ,+#5 ,+#5 +"& +"&#$ #$ &0'( &0'( 0"'= 0"'= ,= S+#$Z S""$9%'0. T9%0 3% +5' %$ '+0%' $" ;';+' %#+#%+ 0$+$''#$0 " 9' ,&0%#'00. T9' ,&0%#'00 %0 + 0';++$' '#$%$= " N+$+%' +#( &0$ ,' +"&#$'( " 0';++$'=.

!olutions 6anual



L'6+ N"$%' C";=%69$

+op&right +op&right 8 (3# b& 9ohn ile& ; !ons +ana%a' Lt%. or relate% copanies. copanies. "ll rights reserve%. >he %ata containe% in these files are protecte% b& cop&right. >his anual is furnishe% un%er licence an% a& be use% onl& in accor%ance ith the ters of such licence. >he aterial provi%e% herein a& not be %onloa%e%' repro%uce%' store% in a retrie retrieva vall s&ste s&ste' ' o%ifi o%ifie%' e%' a%e a%e avail availab able le on a net netork ork'' use% use% to creat create e %eriva %erivativ tive e orks orks'' or trans transitt itte% e% in an& for for or b& an& an& eans eans'' electr electron onic' ic' echanical' photocop&ing' recor%ing' scanning' or otherise ithout the prior ritten perission of 9ohn ile& ; !ons +ana%a' Lt%.

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!olutions 6anual


Solution Manual for Accounting Principles Volumes 1 and 2 7th Canadian Edition by Weygandt

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