3bsolutions10

3bsolutions10 - CHAPTER 10 Reporting and Analyzing...

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10-1 CHAPTER 10 Reporting and Analyzing Liabilities Study Objectives 1. Explain a current liability and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Identify the types of bonds. 5. Prepare the entries for the issuance of bonds and interest expense. 6. Describe the entries when bonds are redeemed. 7. Identify the requirements for the financial statement presentation and analysis of liabilities. Summary of Questions by Study Objectives and Bloom’s Taxonomy Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT Questions 1. 1 C 7. 4 C 13. 5 C 19. 7 C 25. 8* C 2. 2 C 8. 4 AN 14. 5 AP 20. 7 C 26. 8* AP 3. 3 AP 9. 4 C 15. 5 AP 21. 7 C 27. 9* C 4. 3 AP 10. 4 C 16. 16 AP 22. 7 C 28. 9* C 5. 3 K 11. 4 K 17. 7 C 23. 7 C 6. 3 C 12. 4, 5 C 18. 7 K 24. 7 C Brief Exercises 1. 1 C 4. 3 AP 7. 6 AP 10. 7 AP 13. 8* AP 2. 2 AP 5. 4 AP 8. 7 AP 11. 7 AN 14. 9* AP 3. 3 AP 6. 5 AP 9. 7 AP 12. 8* AP Exercises 1. 2 AP 6. 3 AP 11. 5, 6, AP 16. 7 AN 19. 5, 6, 2. 2 AP 7. 3 AP 12. 6 AP 17. 7 C 8* AP 3. 2 AP 8. 5 AP 13. 7 AP 18. 5, 6, 20. 5, 9* AP 4. 3 AP 9. 5 AP 14. 7 AP 8* AP 21. 5, 9* AP 5. 3 AP 10. 5 AN 15. 7 AN 22. 10* AP Problems: Set A 1. 1, 2, 3, 7 AP 5. 5, 6, 7 AP 8. 5, 7, 8* AP 11. 5, 7, 9* AP 2. 2, 7 AP 6. 7 AN 9. 12. 3. 5, 6 AP 7. 5, 7, 8* AP 7, 10* AP 4. 5, 6, 7 AP 5, 6, 8* AP 10. 5, 9* AP 13. 7, 10* AP
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10-2 Summary of Questions by Study Objectives and Bloom’s Taxonomy (Continued) Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT Problems: Set B 1. 1, 2, 3, 7 AP 5. 5, 6, 7 AP 8. 5, 7, 8* AP 11. 5, 7, 9* AP 2. 2, 7 AP 6. 7 AN 9. 12. 3. 5, 6 AP 7. 5, 7, 8* AP 7, 10* AP 4. 5, 6, 7 AP 5, 6, 8* AP 10. 5, 9* AP 13. 10* AP
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10-3 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) * 1A Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30–40 * 2A Journalize and post note transactions; show balance sheet presentation. 30–40 3A Prepare journal entries to record interest payments and redemption of bonds. 30–40 4A Prepare journal entries to record issuance of bonds, interest, balance sheet presentation, and bond redemption. 30–40 * 5A Prepare journal entries to record issuance of bonds, show balance sheet presentation, and record bond redemption. Simple 30–40 6A Calculate and comment on ratios. 30–40 *7A Prepare journal entries to record interest payments, straight-line discount amortization, and redemption of bonds. 30–40 * *8A Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation. Simple 30–40 * *9A Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation. 30–40 * *10A Prepare journal entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective-interest method. 30–40 * *11A Prepare journal entries to record issuance of bonds, payment of interest, effective-interest amortization, and balance sheet presentation.
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This note was uploaded on 04/02/2009 for the course ECON 3b taught by Professor Staff during the Winter '08 term at UCSB.

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3bsolutions10 - CHAPTER 10 Reporting and Analyzing...

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