SOLUTIONS TO EXERCISES

Solution E20-1 Solution E20-2 Solution E20-3

1 a             I d                 1 b

2 c             2 c                 2 a

3 d             3 b                 3 a

4 a             4 a                 4 a

5 b             5 c                 5 a

6 a             6 c

Solution E20-4 Solution E20-5 Solution E20-6

[AICPA adapted] [AICPA adapted]

1 d             1 d             I c

2 a             2 a             2 d

3 c             3 d             3 b

4 c             4 d             4 c

5 b             5 a             5 c

6 b             6 c             6 c

Solution E20-7 Solution E20-8

(AICPA adapted]

1 b             1 a

2 a             2 c

3 b             3 d

4 b             4 c

5 a             5 a

6 c

Solution E20-9 Solution E20-10

[AICPA adapted] (AICPA adapted]

1 c                 1 d

2 d                 2 a

3 c                 3 c

4 a                 4 b

5 d                 5 a

6 c                 6 c