Accounting Principles 3rd Canadian Adition Chapter 15 Solutions

Solution manual chapter 3 fap.1.Chapter 3Adjusting Accounts and PreparingFinancial StatementsQUESTIONS1. The cash basis of accounting reports revenues when cash is received while theaccrual basis reports revenues when they are earned.

1. Accounting Principles 3rd Canadian Adition Chapter 15 Solutions Advanced Accounting
2. Accounting Principles 3rd Canadian Addition Chapter 15 Solutions Pdf

Buy and download ' Accounting Principles, Volume 1+2, 7th Canadian Edition Weygandt, Kieso, Kimmel, Trenholm, Warren, Novak Instructor Solution manual' Test Bank, Solutions Manual, instructor manual, cases, we accept Bitcoin instant download. Copyright © 2011 John Wiley & Sons, Inc. Kieso Intermediate: IFRS Edition, Solutions Manual 15-5 Questions Chapter 15 (Continued) 9. The general rule to be applied.

The cash basis reportsexpenses when cash is paid while the accrual basis reports expenses when they areincurred (and matched with revenues they generated).2. The accrual basis of accounting generally provides a better indication of companyperformance and financial condition than does the cash basis. Also, the accrualbasis increases the comparability of financial statements from one period to thenext. Thus, business decision makers generally prefer the accrual basis.3.

Businesses that have major seasonal variations in sales are most likely to select thenatural business year as the fiscal year.4. A prepaid expense is reported as an asset on the balance sheet.5. Depreciable plant assets (such as equipment, buildings, and machinery) lead toadjustments for depreciation.6. The Accumulated Depreciation contra account is used for depreciation. It providesfinancial statement users with additional information about the relative age of theassets.

Without the contra account information, the reader would not be able to tellwhether the assets are new or in need of replacement.7. An unearned revenue is reported as a liability on the balance sheet.8. An accrued revenue is revenue that is earned but is not yet received in cash (and/orother assets) and the customer has not been billed prior to the end of the period.Therefore, end-of-period adjustments are made to record accrued revenue.Examples are interest income that has been earned but not collected and revenuesfrom services performed that are neither collected nor billed.9. If prepaid expenses are initially recorded with debits to expense accounts, then theprepaid expenses asset accounts are debited in the adjusting entries.10. For Krispy Kreme, the two accounts of Prepaid Expenses and Property andEquipment require adjusting entries. The expense account(s) related to the prepaidaccount and the depreciation expense account would be understated on the incomestatement if Krispy Kreme fails to adjust these two asset accounts.

If the adjustingentries are not made, net income would be overstated. Note: Students might alsocorrectly identify accounts receivable, deferred income taxes and intangible assetsas needing adjustment.©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 119.11. In addition to prepayments, Tastykake must make adjusting entries to Property,Plant and Equipment, Deferred Income Taxes, Accrued Payroll and EmployeeBenefits, and possibly other assets and liabilities such as Receivables (for baddebts).12. The Accrued Wages Expense would be reported as part of “Accrued Expenses andOther Liabilities” on Harley-Davidson’s balance sheet.QUICK STUDIESQuick Study 3-1 (10 minutes)a.

UR Unearned revenueb. PE Prepaid expenses (Depreciation)c. AE Accrued expensesd.

AR Accrued revenuee. PE Prepaid expensesQuick Study 3-2 (10 minutes)a. Insurance Expense. 1,800Prepaid Insurance. 1,800To record 6-month insurance coverage expired.b. Supplies Expense. 2,700To record supplies used during the year.($1,000 + $3,000 – ?

= $1,300)Quick Study 3-3 (10 minutes)a. Depreciation Expense—Equipment.

5,000Accumulated Depreciation—Equipment. 5,000To record depreciation expense for the year.($30,000 - $5,000) / 5 years = $5,000b. No depreciation adjustments are made for land as it is expected to lastindefinitely.©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition120.Quick Study 3-4 (15 minutes)a. Unearned Revenue. 15,000Legal Revenue. 15,000To recognize legal revenue earned (20,000 x 3/4).b.

Unearned Subscription Revenue. 2,400Subscription Revenue.

2,400To recognize subscription revenue earned.100 x ($48 / 12 month) x 6 monthsQuick Study 3-5 (10 minutes)Salaries Expense. 400Salaries Payable. 400To record salaries incurred but not yet paid.One student earns, $100 x 4 days, M-RQuick Study 3-6 (15 minutes)Accounts Debited and Credited Financial Statementa.

Debit Unearned Revenue Balance SheetCredit Revenue Earned Income Statementb. Debit Depreciation Expense Income StatementCredit Accumulated Depreciation Balance Sheetc. Debit Wages Expense Income StatementCredit Wages Payable Balance Sheetd. Debit Accounts Receivable Balance SheetCredit Revenue Earned Income Statemente. Debit Insurance Expense Income StatementCredit Prepaid Insurance Balance SheetQuick Study 3-7 (10 minutes)Adjusting entry Debit Credit1. Accrue salaries expense f d2. Adjust the Unearned Services Revenue account e g©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 121.to recognize earned revenue3.

Record the earning of services revenue for whichcash will be received the following perioda g©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition122.Quick Study 3-8 (10 minutes)The answer is c.Explanation:The debit balance in Prepaid Insurance was reduced by $400, implying a$400 debit to Insurance Expense. The credit balance in Interest Payableincreased by $800, implying an $800 debit to Interest Expense.Quick Study 3-9 (10 minutes)Cash Accounting:Revenues (cash receipts). $33,000Expenses (cash payments: $22,500 - $2,250 + $3,750). 24,000Net income. $ 9,000Accrual Accounting:Revenues (earned). $39,000Expenses (incurred). 22,500Net income.

$16,500Quick Study 3-10 (15 minutes)The answer is 2.Explanation:Insurance premium error:Understates expenses (and overstates assets) by. $1,600Accrued salaries error:Understates expenses (and understates liabilities). 1,000Combination of errors:Understates expenses by.

$2,600Overstates assets by. $1,600Understates liabilities by. $1,000Quick Study 3-11 (10 minutes)Profit margin = $37,925 / $390,000 = 9.7%©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 123.Interpretation: For every one dollar that Yang Company records as revenue,it earns 9.7 cents in net income. Yang’s 9.7% is markedly lower thancompetitors’ average profit margin of 15%—it must improve performance.Quick Study 3-12A(5 minutes)The answer is d.©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition124.EXERCISESExercise 3-1 (15 minutes)1. A.Exercise 3-2 (30 minutes)a.

Unearned Fee Revenue. 10,000Fee Revenue. 10,000To record earned portion of fee received in advance.b. Wages Expense. 9,000Wages Payable.

9,000To record wages accrued but not yet paid.c. Depreciation Expense—Equipment. 19,127Accumulated Depreciation—Equipment.

19,127To record depreciation expense for the year.d. Office Supplies Expense. 5,242Office Supplies. 5,242To record office supplies used ($480 + $5,349 - $587).e.

Insurance Expense. 2,800Prepaid Insurance. 2,800To record insurance coverage expired ($5,000 - $2,200).f. Interest Receivable. 750Interest Revenue.

750To record interest earned but not yet received.g. Interest Expense. 3,500Interest Payable.

3,500To record interest incurred but not yet paid.Notes:Prepaid Insurance.Office Supplies.Beg. Used©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 125.End.

587©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition126.Exercise 3-3 (25 minutes)a. Depreciation Expense—Equipment. 16,000Accumulated Depreciation—Equipment. 16,000To record depreciation expense for the year.b. Insurance Expense. 5,960Prepaid Insurance.

5,960To record insurance coverage that expired($7,000 - $1,040).c. Office Supplies Expense.

2,626Office Supplies. 2,626To record office supplies used ($300 + $2,680 - $354).d. Unearned Fee Revenue.

5,000Fee Revenue. 5,000To record earned portion of fee received in advance($10,000 x 1/2).e. Insurance Expense. 4,600Prepaid Insurance. 4,600To record insurance coverage that expired.f. Wages Expense. 4,000Wages Payable.

4,000To record wages accrued but not yet paid.Notes:Prepaid Insurance.Office Supplies.Bal. 354©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 127.Exercise 3-4 (15 minutes)a. Adjusting entry:2005Dec. 31 Wages Expense. 500Wages Payable. 500To record accrued wages for one day.(5 workers x $100)b. Payday entry:2006Jan.

4 Wages Expense. 1,500Wages Payable.

2,000To record accrued and current wages.Exercise 3-5 (15 minutes)a. $1,375Proof:(a) (b) (c) (d)Supplies available – prior year-end. $ 300 $1,600 $ 1,360 $1,375Supplies purchased in current year. 2,100 5,400 10,080 6,000Total supplies available. 2,400 7,000 11,440 7,375Supplies available – current year-end.

(750) (5,700) (1,840) (800)Supplies expense for current year. $1,650 $1,300 $ 9,600 $6,575©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition128.Exercise 3-6 (25 minutes)a.Apr. 30 Legal Fees Expense. 2,500Legal Fees Payable.

2,500To record accrued legal fees.May 12 Legal Fees Payable. 2,500To pay accrued legal fees.b.Apr.

30 Interest Expense. 2,080Interest Payable. 2,080To record accrued interest expense(9.6% x $780,000 x 10/360) or ($6,240 x 10/30).May 20 Interest Payable. 2,080Interest Expense. 6,240To record payment of accrued and currentinterest expense (9.6% x $780,000 x 20/360).c.Apr. 30 Salaries Expense. 3,600Salaries Payable.

3,600To record accrued salaries($9,000 x 2/5 week).May 3 Salaries Payable. 3,600Salaries Expense. 9,000To record payment of accrued andcurrent salaries ($9,000 x 3/5 week).©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 129.Exercise 3-7 (20 minutes)Balance Sheet Insurance Asset using Insurance Expense usingAccrualBasis.CashBasisAccrualBasis.CashBasisDec. 31, 2003 $11,700 $0 2003.

$ 4,500 $16,200Dec. 31, 2004 6,300 0 2004. 31, 2005 900 0 2005. 31, 2006 0 0 2006. $16,200 $16,200EXPLANATIONS:.Accrual asset balance equals months left in the policy x $450 per month (monthlycost is computed as $450, from $16,200 divided by 36 months).Months Left Balance. 0 0.Accrual insurance expense equals months covered in the year x $450 per month.Months Covered Expense2003.

10 $ 4,5002004. 12 5,4002005. 12 5,4002006. 2 900$16,200©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition130.Exercise 3-8 (25 minutes)Dec.

31 Accounts Receivable. 1,800Fees Earned. 1,800To record earned but unbilled fees(30% x $6,000).31 Unearned Fees. 4,200Fees Earned. 4,200To record earned fees collected inadvance (70% x $6,000).31 Depreciation Expense—Computers.

1,500Accumulated Depreciation—Computers. 1,500To record depreciation on computers.31 Depreciation Expense—Office Furniture. 1,750Accumulated Depreciation—Office Furniture. 1,750To record depreciation on office furniture.31 Salaries Expense. 2,450Salaries Payable. 2,450To record accrued salaries.31 Insurance Expense. 1,300Prepaid Insurance.

1,300To record expired prepaid insurance.31 Office Supplies Expense. 480Office Supplies. 480To record use of office supplies.31 Utilities Expense. 70Utilities Payable. 70To record incurred and unpaid utility costs.©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 131.Exercise 3-9 (10 minutes)a. $5,390 / $44,830 = 12.0%b.

Accounting Principles 3rd Canadian Adition Chapter 15 Solutions Advanced Accounting

$87,644 / $398,954 = 22.0%c. $93,385 / $257,082 = 36.3%d. $55,234 / $1,458,999 = 3.8%e.

$70,158 / $435,925 = 16.1%Analysis and Interpretation: Company c has the highest profitabilityaccording to the profit margin ratio. Company c earns 36.3 cents in netincome for each one dollar of net sales recorded.Exercise 3-10A(30 minutes)a.Dec. 1 Supplies Expense.

3,000Purchased supplies.b.Dec. 2 Insurance Expense. 1,440Paid insurance premiums.c.Dec.15 Cash.

12,000Remodeling Fees Earned. 12,000Received fees for work to be done.d.Dec.28 Cash.

3,600Remodeling Fees Earned. 3,600Received fees for work to be done.e.Dec.31 Supplies. 1,920Supplies Expense. 1,920Adjust expenses for unused supplies.f.Dec.31 Prepaid Insurance ($1,440 - $240). 1,200Insurance Expense. 1,200Adjust expenses for unexpired coverage.g.Dec.31 Remodeling Fees Earned.

9,300Unearned Remodeling Fees. 9,300Adjusted revenues for unfinishedprojects ($12,000 + $3,600 - $6,300).©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition132.Exercise 3-11A(25 minutes)a.

Initial credit recorded in the Unearned Fees account:July 1 Cash. 2,000Unearned Fees. 2,000Received fees for work to be done.6 Cash. 8,400Unearned Fees.

8,400Received fees for work to be done.12 Unearned Fees. 2,000Fees Earned. 2,000Completed work for customer.18 Cash.

7,500Unearned Fees. 7,500Received fees for work to be done.27 Unearned Fees. 8,400Fees Earned. 8,400Completed work for customer.31 No adjusting entries required.b. Initial credit recorded in the Fees Earned account:July 1 Cash. 2,000Fees Earned.

2,000Received fees for work to be done.6 Cash. 8,400Fees Earned. 8,400Received fees for work to be done.12 No entry required.18 Cash. 7,500Fees Earned. 7,500Received fees for work to be done.27 No entry required.31 Fees Earned. 7,500Unearned Fees. 7,500Adjusted to reflect unearned fees for unfinished job.c.

Under the first method (and using entries from a):Unearned Fees = $2,000 + $8,400 - $2,000 + $7,500 - $8,400 = $7,500Fees Earned = $2,000 + $8,400 = $10,400Under the second method (and using entries from b):Unearned Fees = $7,500©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 133.Fees Earned = $2,000 + $8,400 + $7,500 - $7,500 = $10,400Note: Both procedures yield identical results in the financial statements.©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition134.PROBLEM SET AProblem 3-1A (15 minutes)1. D.Problem 3-2A (35 minutes)Part 1Adjustment (a)Dec.31 Office Supplies Expense. 12,760Office Supplies.

12,760To record cost of supplies used($3,000 + $12,400 - $2,640).Adjustment (b)31 Insurance Expense. 12,312Prepaid Insurance. 12,312To record annual insurance coverage cost.Policy Cost per MonthMonths Activein 2005 2005 CostA $660 ($15,840/24 mo.) 12 $ 7,920B 363 ($13,068/36 mo.) 9 3,267C 225 ($ 2,700 /12 mo.) 5 1,125Total $12,312Adjustment (c)31 Salaries Expense (2 days x $2,100). 4,200Salaries Payable. 4,200To record accrued but unpaid wages.Adjustment (d)31 Depreciation Expense—Building. 27,000Accumulated Depreciation—Building 27,000To record annual depreciation expense($855,000 -$45,000) / 30 years = $27,000©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 135.Problem 3-2A (Continued)Adjustment (e)Dec.31 Rent Receivable.

2,400Rent Earned. 2,400To record earned but unpaid Dec. Rent.Adjustment (f)31 Unearned Rent. 4,350Rent Earned.

4,350To record the amount of rent earned forNovember and December (2 x $2,175).Part 2Cash Payment for (c)Jan. 6 Salaries Payable. 4,200Salaries Expense. 10,500To record payment of accrued andcurrent salaries.(3 days x $2,100)Cash Payment for (e)15 Cash.

4,800Rent Receivable. 2,400Rent Earned. 2,400To record past due rent for two months.©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition136.Problem 3-3A (90 minutes)Parts 1 and 2Cash EquipmentUnadj.

26,000 Unadj. 70,000Accounts ReceivableAccumulated Depreciation—EquipmentUnadj. 16,000(f) 7,500 (c) 12,000Adj. 28,000Teaching Supplies Accounts PayableUnadj. 36,000(b) 7,400Adj. 2,600 Salaries PayableUnadj. 0Prepaid Insurance (g) 400Unadj.

400(a) 3,000Adj. 12,000 Unearned Training FeesUnadj. 11,000Prepaid Rent (e) 4,400Unadj. 6,600(h) 2,000Adj. Watson, CapitalBal. 63,600Professional LibraryBal.

Watson, WithdrawalsBal. 40,000Accumulated Depreciation—Professional LibraryUnadj. 9,000(d) 6,000Adj. 15,000©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 137.Problem 3-3A (Continued)Tuition Fees Earned Rent ExpenseUnadj. 102,000 Unadj.

22,000(f) 7,500 (h) 2,000Adj. 24,000Training Fees Earned Teaching Supplies ExpenseUnadj. 38,000 Unadj. 0(e) 4,400 (b) 7,400Adj.

7,400Depreciation Expense—Professional Library Advertising ExpenseUnadj. 7,000(d) 6,000Adj. 6,000Depreciation Expense—Equipment Utilities ExpenseUnadj.

5,600(c) 12,000Adj. 12,000Salaries ExpenseUnadj. 48,000(g) 400Adj. 48,400Insurance ExpenseUnadj.

0(a) 3,000Adj. 3,000©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition138.Problem 3-3A (Continued)Part 2Adjustment (a)Dec. 31 Insurance Expense. 3,000Prepaid Insurance. 3,000To record the insurance expired.Adjustment (b)31 Teaching Supplies Expense. 7,400Teaching Supplies.

7,400To record supplies used ($10,000-$2,600).Adjustment (c)31 Depreciation Expense—Equipment. 12,000Accumulated Depreciation—Equipment. 12,000To record equipment depreciation.Adjustment (d)31 Depreciation Expense—Profess. 6,000To record professional library depreciation.Adjustment (e)31 Unearned Training Fees. 4,400Training Fees Earned.

4,400To record training fees earned that werecollected in advance.Adjustment (f)31 Accounts Receivable. 7,500Tuition Fees Earned.

7,500To record tuition earned ($3,000 x 2 1/2 months).Adjustment (g)31 Salaries Expense. 400Salaries Payable. 400To record accrued salaries (2 days x $100 x 2).Adjustment (h)31 Rent Expense.

2,000Prepaid Rent. 2,000To record expiration of prepaid rent.©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 139.Problem 3-3A (Continued)Part 3Watson Technical InstituteAdjusted Trial BalanceDecember 31, 2005Debit CreditCash. $ 26,000Accounts receivable. 7,500Teaching supplies. 2,600Prepaid insurance.

Accounting Principles 3rd Canadian Addition Chapter 15 Solutions Pdf

12,000Prepaid rent. 0Professional library. 30,000Accumulated depreciation—Professional library. $ 15,000Equipment. 70,000Accumulated depreciation—Equipment.

28,000Accounts payable. 36,000Salaries payable. 400Unearned training fees.

Watson, Capital. Watson, Withdrawals. 40,000Tuition fees earned. 109,500Training fees earned. 42,400Depreciation expense—Professional library. 6,000Depreciation expense—Equipment.

12,000Salaries expense. 48,400Insurance expense. 3,000Rent expense.

24,000Teaching supplies expense. 7,400Advertising expense. 7,000Utilities expense. 5,600 Totals. $301,500 $301,500©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition140.Problem 3-3A (Continued)Part 4WATSON TECHNICAL INSTITUTEIncome StatementFor Year Ended December 31, 2005RevenuesTuition fees earned.

$109,500Training fees earned. 42,400Total revenues. $151,900ExpensesDepreciation expense—Professional library. 6,000Depreciation expense—Equipment. 12,000Salaries expense.

48,400Insurance expense. 3,000Rent expense. 24,000Teaching supplies expense. 7,400Advertising expense. 7,000Utilities expense. 5,600Total expenses.

113,400Net income. $ 38,500WATSON TECHNICAL INSTITUTEStatement of Owner’s EquityFor Year Ended December 31, 2005T. Watson, Capital, December 31, 2004. $ 63,600Plus: Net income. 38,500102,100Less: Owner withdrawals. Watson, Capital, December 31, 2005.

$ 62,100©McGraw-Hill Companies, Inc., 2005Solutions Manual, Chapter 3 141.Problem 3-3A (Concluded)WATSON TECHNICAL INSTITUTEBalance SheetDecember 31, 2005AssetsCash. $ 26,000Accounts receivable. 7,500Teaching supplies. 2,600Prepaid insurance. 12,000Professional library. $30,000Accumulated depreciation—Professional library. (15,000) 15,000Equipment.

70,000Accumulated depreciation—Equipment. (28,000) 42,000Total assets.

$105,100LiabilitiesAccounts payable. $ 36,000Salaries payable. 400Unearned training fees.

6,600Total liabilities. Watson, Capital.

62,100Total liabilities and equity. $105,100©McGraw-Hill Companies, Inc., 2005Fundamental Accounting Principles, 17thEdition142.Problem 3-4A (45 minutes) — Part 1AccountUnadjustedTrialBalance AdjustmentsAdjustedTrialBalanceCash. $27,000 $27,000Accountsreceivable.

12,000 (a)10,460 22,460Officesupplies. 18,000 (b)15,000 3,000Prepaidinsurance. 7,320 (c) 2,440 4,880Officeequipment. 92,000 92,000Accumulateddepreciation—Officeequipment. $12,000 (d)6,000 $18,000Accountspayable. 9,300 (e) 900 10,200Interestpayable.

(f) 800 800Salariespayable. (g)6,600 6,600Unearnedconsultingfees. 16,000 (h) 1,700 14,300Long-termnotespayable. 44,000 44,000J.Winner,Capital. 28,420 28,420J.Winner,Withdrawals.

10,000 10,000Consultingfeesearned. 156,000(a)(h)10,4601,700 168,160Depreciationexpense—Officeequipment. (d) 6,000 6,000Salariesexpense. 71,000 (g) 6,600 77,600Interestexpense. 1,400 (f) 800 2,200Insuranceexpense. (c)2,440 2,440Rentexpense. 13,200 13,200Officesuppliesexpense.

(b) 15,000 15,000Advertisingexpense. 13,800 (e)900 14,700 Totals.

. Planning – It is a process of decision-making inadvance that involves identification of objectives and goals anddetermination of strategies to achieve them. Directing – It is a process of monitoring theorganization’s daily operational activities and motivating thesubordinates towards the accomplishment of goals. Controlling – It is a process of comparing the actualresults with the planned or standard figures and taking correctivemeasures to reduce any significant difference that may occurbetween the two. Theway the above three primary roles are related to one another areexplained below:. Managers set goals and objectives for the organization,and then formulate appropriate strategies to meet them. Then, they supervise the daily operational activitiesof the organization to check whether the activities done are headedtowards the achievement of the set goals.

Finally, the managers evaluate the actual performance ofthe operational activities and compare the results with thestandards and accordingly bridge the gap in order to accomplish thegoals in a desired manner. Why is Chegg Study better than downloaded Managerial Accounting 3rd Edition PDF solution manuals?It's easier to figure out tough problems faster using Chegg Study. Unlike static PDF Managerial Accounting 3rd Edition solution manuals or printed answer keys, our experts show you how to solve each problem step-by-step. No need to wait for office hours or assignments to be graded to find out where you took a wrong turn. You can check your reasoning as you tackle a problem using our interactive solutions viewer. Plus, we regularly update and improve textbook solutions based on student ratings and feedback, so you can be sure you're getting the latest information available. How is Chegg Study better than a printed Managerial Accounting 3rd Edition student solution manual from the bookstore?Our interactive player makes it easy to find solutions to Managerial Accounting 3rd Edition problems you're working on - just go to the chapter for your book.

Hit a particularly tricky question? Bookmark it to easily review again before an exam.

The best part? As a Chegg Study subscriber, you can view available interactive solutions manuals for each of your classes for one low monthly price. Why buy extra books when you can get all the homework help you need in one place?