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

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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
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ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time  (minutes)    E5-1 Balance sheet classifications. Simple 15-20    E5-2 Classification of balance sheet accounts. Simple 10-15    E5-3 Classification of balance sheet accounts. Simple 15-20    E5-4 Preparation of a classified balance sheet. Simple 30-35    E5-5 Preparation of a corrected balance sheet. Simple 30-35    E5-6 Correction of a balance sheet. Moderate 30-35    E5-7 Current asset section of the balance sheet. Moderate 15-20    E5-8 Current vs. long-term liabilities. Moderate 10-15    E5-9 Current assets and current liabilities. Moderate 30-35    E5-10 Current liabilities Moderate 15-20    E5-11 Preparation of a balance sheet. Moderate 25-30    E5-12 Preparation of a balance sheet. Moderate 30-35   E5-13 Statement of cash flows—classification. Moderate 15-20   E5-14 Preparation of a statement of cash flows. Moderate 25-35   E5-15 Preparation of a statement of cash flows. Moderate 25-35   E5-16 Preparation of a statement of cash flows. Moderate 25-35   E5-17 Preparation of a statement of cash flows and a balance  sheet. Moderate 30-35   E5-18 Preparation of a statement of cash flows, analysis. Moderate 25-35    P5-1 Preparation of a classified balance sheet—periodic  inventory.. Moderate 30-35    P5-2 Balance sheet preparation. Moderate 35-40    P5-3 Balance sheet adjustment and preparation. Moderate 40-45    P5-4 Preparation of a corrected balance sheet. Complex 40-45    P5-5 Balance sheet adjustment and preparation. Complex 40-50    P5-6 Preparation of a statement of cash flows. Complex 35-45    P5-7 Preparation of a statement of cash flows. Complex 40-50    C5-1 Reporting for financial effects of varied transactions. Moderate 20-25    C5-2 Current asset and liability classification. Moderate 25-30    C5-3 Identifying balance sheet deficiencies. Moderate 30-35    C5-4 Critique of balance sheet format and content. Simple 20-25    C5-5 Identifying balance sheet deficiencies. Moderate 25-30   C5-6 Reporting Property, Plant, and Equipment. Simple 20-25   C5-7 Cash flow analysis. Complex 40-50 5-2
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ANSWERS TO QUESTIONS 1.
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