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Ch 5 Answers to Int. Accounting Kieso

# Ch 5 Answers to Int. Accounting Kieso - CHAPTER 5 Balance...

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CHAPTER 5 Balance Sheet and Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Disclosure principles, uses of the balance sheet, financial flexibility. 1, 2, 3, 4, 5, 6, 7, 10, 18, 22, 23, 25 1 4, 5 2. Classification of items in the balance sheet and other financial statements. 11, 12, 13, 14, 15, 16, 18, 19 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 1, 2, 3, 4, 6, 7, 8, 9, 10 1, 2, 3 3. Preparation of balance sheet; issues of format, terminology, and valuation. 4, 7, 8, 9, 16, 17, 20, 21, 24 4, 5, 6, 7, 11, 12 1, 2, 3, 4, 5 3, 4, 5 4. Statement of cash flows. 25, 26, 27, 28, 29, 30, 31, 32 12, 13, 14, 15, 16 13, 14, 15, 16, 17, 18 6, 7 6 5-1

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ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Bri ef Exerci ses Exerci ses Probl ems 1. Explain the uses and limitations of a balance sheet. 7 2. Identify the major classifications of the balance sheet. 1, 2, 3, 4, 6, 8, 9 3. Prepare a classified balance sheet using the report and account formats. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 17 1, 2, 3, 4, 5, 6, 7 4. Determine which balance sheet information requires supplemental disclosure. 10 4 5. Describe the major disclosure techniques for the balance sheet. 6. Indicate the purpose of the statement of cash flows. 7. Identify the content of the statement of cash flows. 13 8. Prepare a statement of cash flows. 12, 13, 14, 15 14, 15, 16, 17, 18 6, 7 9. Understand the usefulness of the statement of cash flows. 16 15, 16, 18 6, 7 5-2
ASSIGNMENT CHARACTERISTICS TABLE 5-3

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It e m Description Level of Difficu lty Time (minut es) E 5- 1 Balance sheet classifications. Simple 15–20 E 5- 2 Classification of balance sheet accounts. Simple 15–20 E 5- 3 Classification of balance sheet accounts. Simple 15–20 E 5- 4 Preparation of a classified balance sheet. Simple 30–35 E 5- 5 Preparation of a corrected balance sheet. Simple 30–35 E 5- 6 Corrections of a balance sheet. Compl ex 30–35 E 5- 7 Current assets section of the balance sheet. Moder ate 15–20 E 5- 8 Current vs. long-term liabilities. Moder ate 10–15 E 5- 9 Current assets and current liabilities. Compl ex 30–35 E 5- 10 Current liabilities. Moder ate 15–20 E 5- 11 Balance sheet preparation. Moder ate 25–30 E 5- 12 Preparation of a balance sheet. Moder ate 30–35 E 5- 13 Statement of cash flows—classifications. Moder ate 15–20 E 5- 14 Preparation of a statement of cash flows. Moder ate 25–35 5-4
E 5- 15 Preparation of a statement of cash flows. Moder ate 25–35 E 5- 16 Preparation of a statement of cash flows. Moder ate 25–35 E 5- 17 Preparation of a statement of cash flows and a balance sheet. Moder ate 30–35 E 5- 18 Preparation of a statement of cash flows, analysis. Moder ate 25–35 P 5- 1 Preparation of a classified balance sheet, periodic inventory. Moder ate 30–35 P 5- 2 Balance sheet preparation. Moder ate 35–40 P 5- 3 Balance sheet adjustment and preparation. Moder ate 40–45 P 5- 4 Preparation of a corrected balance sheet. Compl ex 40–45 P 5- 5 Balance sheet adjustment and preparation. Compl ex 40–50 P 5- 6 Preparation of a statement of cash flows and a balance sheet. Compl ex 35–45 P 5- 7 Preparation of a statement of cash flows and a balance sheet.

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