ch13
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ch13

Course Number: ACCT Intermedia, Spring 2009

College/University: Rutgers

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CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE--Conceptual Answer F F T T F F T F T F T F T F T T F F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Zero-interest-bearing note payable. Dividends in arrears. Examples of unearned revenues. Reporting discount on Notes Payable. Currently maturing...

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CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual Answer No. Description F 1. Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security taxes as liabilities. F 10. Definition of accumulation rights. T 11. Recognizing compensated absences expense. F 12. Accruing estimated loss contingency. T 13. Disclosing gain contingencies. F 14. Sales-type warranty profit. T 15. Fair value of asset retirement obligation. T 16. Reporting a litigation liability. F 17. Expense warranty approach. F 18. Acid-test ratio components. F 19. Affect on current ratio. T 20. Reporting current liabilities. MULTIPLE CHOICE Conceptual Answer No. Description d 21. Definition of a liability. d 22. Nature of current liabilities. a 23. Recording of accounts payable. a 24. Classification of notes payable. b 25. Classification of discounts on notes payable. d 26. Identify current liability. c 27. Bonds reported as current liability. d 28. Identify item which is not a current liability. c 29. Dividends reported as current liability. d 30. Classification of stock dividends distributable. c 31. Identify item which is not a current liability. d 32. Identify current liability. c 33. Characteristic of current liability. d 34. Definition of a liability. b 35. Importance of liability section of balance sheet. a 36. Current liabilities and operating cycle. Test Bank for Intermediate Accounting, Thirteenth Edition MULTIPLE CHOICE Conceptual (cont.) Answer No. Description a 37. Present value and concept of a liability. c 38. Zero-interest-bearing notes payable. d 39. Callable debt reporting. d 40. Condition to exclude short-term obligation. a 41. Ability to consummate refinancing of short-term debt. b 42. Disclosure of preferred dividends not declared. c 43. Example of unearned revenue. d 44. Short-term obligations expected to be refinanced. d 45. Ability to consummate refinancing of short-term obligations. d 46. Determine what is a liability. a 47. Classification of sales taxes. d S 48. Disclosure for short-term debt refinanced. b S 49. Vested rights vs. accumulated rights. d P 50. Deductions in computing net pay. d 51. Employer's payroll tax expense. d 52. Accrual of a liability for compensated absences. c 53. Accrual of a liability for compensated absences. d 54. Accrual of a liability for compensated absences. d 55. Compensated absences. d 56. Requirements for compensated absences accrual.

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Rutgers - ACCT - Intermedia
CHAPTER 14LONG-TERM LIABILITIESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F T F F T F F F T T F T T T T F F F FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. *19. *20.Description
Rutgers - ACCT - Intermedia
CHAPTER 15STOCKHOLDERS' EQUITYIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F T F T F T F F T F T T F F T T F F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionSt
Rutgers - ACCT - Intermedia
CHAPTER 16DILUTIVE SECURITIES AND EARNINGS PER SHAREIFRS questions are available at the end of this chapter.TRUE-FALSE-Dilutive Securities-ConceptualAnswerT F T F F T F T F T F F T F T F T. F. T FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.
Rutgers - ACCT - Intermedia
CHAPTER 17INVESTMENTSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T F F T F T F T T F T F T F T F T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionExamples of
Rutgers - ACCT - Intermedia
CHAPTER 18REVENUE RECOGNITIONIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F T F T T F F T F F T F F T T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionRec
Rutgers - ACCT - Intermedia
CHAPTER 19ACCOUNTING FOR INCOME TAXESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF F T T F T F T F T F T T F F T T T F FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.Descrip
Rutgers - ACCT - Intermedia
CHAPTER 20ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T F T T F F T F T F F T F T F T F F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.
Rutgers - ACCT - Intermedia
CHAPTER 21ACCOUNTING FOR LEASESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F F T F F T F F T F F T F T F T F T TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionB
Rutgers - ACCT - Intermedia
CHAPTER 22ACCOUNTING CHANGES AND ERROR ANALYSISTRUE-FALSE-ConceptualAnswerF T F T F T T T F T F F T F T T F F T TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionChange in accounting estimate. Errors in fi
Rutgers - ACCT - Intermedia
CHAPTER 23STATEMENT OF CASH FLOWSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F T F T F T F T F F T F F T T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.Description
Rutgers - ACCT - Intermedia
CHAPTER 24FULL DISCLOSURE IN FINANCIAL REPORTINGIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F F T F T F T F T F T F T F T T FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 2
Rutgers - ACCT - Intermedia
QuestionsA-1 A-2 A-3 A-4 A-5 A-6 A-7Appendix AReflective thinking Derivatives Reflective thinking Analytic Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Ana
Rutgers - ACCT - Intermedia
Chapter 1Environment and Theoretical Structure of Financial AccountingAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach
Rutgers - ACCT - Intermedia
Chapter 2Review of the Accounting ProcessAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documenta
Rutgers - ACCT - Intermedia
Chapter 8Inventories: MeasurementAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation dif
Rutgers - ACCT - Intermedia
Chapter 9Inventories: Additional IssuesAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentati
Rutgers - ACCT - Intermedia
Chapter 10Operational Assets: Acquisition and DispositionAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment a
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 15AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 17Pensions and Other Postretirement BenefitsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and it
Rutgers - ACCT - Intermedia
Chapter 18AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is
Rutgers - ACCT - Intermedia
Chapter 19assurance of standards in and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific quest
Rutgers - ACCT - Intermedia
assurance of standards in and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exam
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 3The Balance Sheet and Financial DisclosuresAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and it
Rutgers - ACCT - Intermedia
Chapter 4The Income Statement and Statement of Cash FlowsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment a
Rutgers - ACCT - Intermedia
Chapter 5Income Measurement and Profitability AnalysisAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and
Rutgers - ACCT - Intermedia
Chapter 6Time Value of Money ConceptsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation
Rutgers - ACCT - Intermedia
Chapter 7Cash and ReceivablesAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differe
Rutgers - ACCT - Intermedia
Chapter11OperationalAssets:UtilizationandImpairmentAACSBassuranceoflearningstandardsinaccountingandbusinesseducationrequiredocumentation ofoutcomesassessment.Althoughschools,departments,andfacultymayapproachassessmentand itsdocumentationdifferentl
Rutgers - ACCT - Intermedia
Chapter12InvestmentsAACSBassuranceoflearningstandardsinaccountingandbusinesseducationrequiredocumentation ofoutcomesassessment.Althoughschools,departments,andfacultymayapproachassessmentand itsdocumentationdifferently,oneapproachistoprovidespecificq
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