A long accounting problem punishes one early slip more than ten small misunderstandings. In Accounting Principles, Volume 2, Seventh Canadian Edition by Weygandt the end-of-chapter work runs to bond amortization schedules, full cash flow statements built from comparative balance sheets and multi-part analysis questions, where a single misclassified change propagates through every line that follows. Checking a final total tells you the answer is wrong. It does not tell you whether the fault was in period three of a schedule or in the very first adjustment you made.
Why this solution manual helps
Worked solutions make the intermediate steps visible, which is where the learning actually is. Instead of a total to compare against, you get the sequence: the figure carried forward, the adjustment applied, the reason it belongs where it was placed. Comparing your work against that sequence locates the earliest point of divergence, and fixing the earliest error is usually the only fix you need — everything downstream was arithmetic on a bad number.
What’s inside
- Written solutions to the exercises and problems in Volume 2, in the book’s own chapter order.
- Step-by-step working for schedules and statements rather than final answers alone.
- Full reasoning for the discussion and interpretation questions, where justification carries the marks.
- Consistent treatment of the cash flow and analysis chapters that generate the longest problems.
- One organized PDF, downloadable as soon as checkout completes.
Topics covered
- Partnership problems — profit division schedules, admission and withdrawal entries and liquidation sequences.
- Corporate equity — share issuance entries, dividend declarations, stock dividends and the equity section.
- Bond schedules — issue proceeds, effective-interest amortization tables, interest entries and redemption.
- Investments — classification decisions, fair value adjustments and equity method computations.
- Cash flow statements — full preparation from comparative balance sheets under the indirect method.
- Ratio analysis problems — computing the measures and writing the interpretation the question asks for.
- IFRS and ASPE presentation — where the required treatment differs and how the solution reflects it.
Who it’s for
Students working the Volume 2 problem sets in a second-term Canadian introductory accounting unit, particularly where weekly problems are submitted and marked feedback arrives too late to help with the following week’s work.
How to use it (the right way)
Attempt the whole problem before opening the solution, and when you compare, read down from the top and stop at the first line that differs rather than jumping to the total. Rework from that line yourself. This is a study aid. Use it in line with your institution’s academic-integrity policy — to check and understand your own attempts, not to copy into submitted work and not as a shortcut around the coursework.
Sample worked solution (shows the format — your download contains the full set)
Problem. Profit is $84,000. Depreciation for the year is $12,000, accounts receivable rose $9,000, accounts payable fell $5,000, and a $3,000 gain was recorded on the sale of equipment. Compute cash provided by operating activities using the indirect method.
- Step 1. Start with profit of $84,000.
- Step 2. Add back depreciation of $12,000, an expense that used no cash, giving $96,000.
- Step 3. Deduct the $3,000 gain, because the entire proceeds of the sale are reported under investing: $93,000.
- Step 4. Deduct the $9,000 rise in receivables, since that revenue has not been collected: $84,000.
- Step 5. Deduct the $5,000 fall in payables, since cash paid exceeded expense recognized: $79,000.
Answer: cash provided by operating activities is $79,000. Working through the adjustments in a fixed order — non-cash items, then non-operating gains and losses, then working capital changes — is what keeps a long reconciliation from going astray.
Edition & format
- Matches: Accounting Principles, Volume 2, Seventh Canadian Edition, by Weygandt (ISBN 9781119048473).
- Format: Digital PDF, delivered instantly after checkout.
- Access: Lifetime — re-download from your account at any time.
Problem numbers and data change between editions and volumes. Please confirm the volume, edition and ISBN above match your course before buying.
Frequently asked questions
Which volume and edition does this cover? Volume 2 of the seventh Canadian edition, ISBN 9781119048473. Volume 1 problems are not included here.
How is it delivered? By instant download at the end of checkout, with the file also kept in your account.
Is the working shown, or just the answers? The working is shown. Schedules and statements are built line by line rather than presented as a finished total.
Is using a solution manual allowed? As a self-checking aid it is a normal study resource. Follow your institution’s academic-integrity policy, and never submit a worked solution as your own work.
More study material for this subject is in Accounting Test Banks.
Reviews
There are no reviews yet.