ch05solution - CHAPTER 5 Balance Sheet and Statement of...

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Unformatted text preview: CHAPTER 5 Balance Sheet and Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 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 ASSIGNMENT CHARACTERISTICS TABLE 5-2 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 10-15 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 Correction of a balance sheet. Moder ate 30-35 E 5- 7 Current asset 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. Moder ate 30-35 E 5- 10 Current liabilities Moder ate 15-20 E 5- 11 Preparation of a balance sheet. Moder ate 25-30 E 5- 12 Preparation of a balance sheet. Moder ate 30-35 E 5- 13 Statement of cash flows—classification. Moder ate 15-20 5-3 E 5- 14 Preparation of a statement of cash flows. Moder ate 25-35 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. Compl ex 35-45 P 5- 7 Preparation of a statement of cash flows. Compl ex 40-50 C 5- 1 Reporting for financial effects of varied transactions. Moder ate 20-25 5-4 C 5- 2 Current asset and liability classification. Moder ate 25-30 C 5- 3 Identifying balance sheet deficiencies. Moder ate 30-35 C 5- 4 Critique of balance sheet format and content. Simple 20-25 C 5- 5 Identifying balance sheet deficiencies. Moder ate 25-30 C 5- 6 Reporting Property, Plant, and Equipment. Simple 20-25 C 5- 7 Cash flow analysis. Compl ex 40-50 5-5 ANSWERS TO QUESTIONS 1. The balance sheet provides information about the nature and amounts of investments in enterprise resources, obligations to enterprise creditors, and the owners' equity in net enterprise resources. resources, obligations to enterprise creditors, and the owners' equity in net enterprise resources....
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ch05solution - CHAPTER 5 Balance Sheet and Statement of...

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