Burnley, Understanding Financial Accounting, Third Canadian Edition Summary of Questions by Learning Objectives and Blooms Taxonomy Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT Discussion Questions 1. 1 K 6. 2 C 11. 5 C 16. 4 C 21. 5 C 2. 3 K 7. 2 C 12. 4 C 17. 4 C 22. 5 C 3. 3 C 8. 2 C 13. 4 C 18. 5 C 23 5 C 4. 3 C 9. 2 C 14. 4 C 19. 5 C 5. 2 C 10. 4 C 15. 4 C 20. 5 C Application Problems 1. 4 C 4. 5 C 7. 5 AP 10. 5 AP 13. 5 AP 2. 4 C 5. 5 AP 8. 5 AP 11. 5 AP 14. 5 AP 3. 4 AP 6. 5 AP 9. 5 AP 12. 5 AP 15. 5 AP User Perspective Problems 1. 2 C 2. 2 C 3. 3 C 4. 2 C 5. 2 C Work in Process 1. 5 C 3 . 5 C 5 . 5 C 2. 5 C 4. 5 C 6. 5 C Reading and Interpreting Published Financial Statements 1. 5 AN 3.