CHAPTER 1 The Purpose and Use of Financial Statements ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems BYP 1. Identify the uses and users of accounting. 1, 2, 3, 4 1 1 1A 1B 3, 5, 7 2. Describe the primary forms of business organization. 5, 6, 7, 8 2 2 2A 2B 3, 7 3. Explain the three main types of business activity. 9, 10, 11, 12 3, 4 3, 4 3A 3B 7 4. Describe the purpose and content of each of the financial statements. 13, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 8, 9, 10 5, 6, 7, 8, 9, 10, 11, 12, 13 4A, 5A, 6A, 7A, 8A, 9A, 10A 4B, 5B, 6B, 7B, 8B, 9B, 10B