ch13solution - CHAPTER 13 Current Liabilities and...

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CHAPTER 13 Current Liabilities and Contingencies ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Concept of liabilities; definition and classification of current liabilities. 1, 2, 3, 4, 5, 6, 8 1, 16 1, 2 1 2. Accounts and notes payable; dividends payable. 7, 11, 29 1, 2, 3 2, 16 1, 2 1, 2 3. Short-term obligations expected to be refinanced. 9, 10 4 3, 4 3, 4 4. Deposits and advance payments. 12 5 2 5. Compensated absences. 13, 14, 15 8 5, 6, 16 6. Collections for third parties. 16 6, 7, 8 7, 8, 9, 16 3, 4 7. Contingent liabilities (General). 17, 18, 19, 20, 22 10, 11 13, 16 10, 11, 13 5, 6, 7 8. Guaranties and warranties. 21, 23 13, 14 10, 11, 16 5, 6, 7, 12 7, 8 9. Premiums and awards offered to customers. 24, 25 15 12, 15, 16 8, 19, 12 10. Self-insurance, litigation, claims, and assessments, asset retirement obligations. 26, 27, 28 12 14 2, 10, 11, 13 6, 7 11. Presentation and analysis. 29, 30, 31 17, 18, 19 9 3 *12. Bonus payments. 9, 16 20, 21, 22 14, 15 *This material is covered in an Appendix to the chapter. 13-1
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ASSIGNMENT CHARACTERISTICS TABLE 13-2
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Ite m Description Level of Difficu lty Time (minut es) E 13 -1 Balance sheet classification of various liabilities. Simple 10-15 E 13 -2 Accounts and notes payable. Moder ate 15-20 E 13 -3 Refinancing of short-term debt. Simple 15-12 E 13 -4 Refinancing of short-term debt. Simple 20-25 E 13 -5 Compensated absences. Moder ate 25-30 E 13 -6 Compensated absences. Moder ate 25-30 E 13 -7 Adjusting entry for sales tax. Simple 5-7 E 13 -8 Payroll tax entries. Simple 10-15 E 13 -9 Payroll tax entries. Simple 15-20 E 13 - 10 Warranties. Simple 10-15 E 13 - 11 Warranties. Moder ate 15-20 E 13 - 12 Premium entries. Simple 15-20 E 13 - 13 Contingencies. Moder ate 20-30 E 13 - 14 Asset retirement obligations Moder ate 25-30 13-3
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E 13 - 15 Premiums. Moder ate 20-30 E 13 - 16 Financial statement impact of liability transactions. Moder ate 30-35 E 13 - 17 Ratio computations and discussion. Simple 10-15 E 13 - 18 Ratio computations and analysis. Simple 20-25 E 13 - 19 Ratio computations and effect of transactions. Moder ate 15-25 *E 13 - 20 Bonus computation. Simple 10-15 *E 13 - 21 Bonus computation and income statement preparation. Simple 15-20 *E 13 - 22 Bonus compensation. Moder ate 15-20 P 13 -1 Current liability entries and adjustments. Simple 25-30 P 13 -2 Current liability entries and adjustments. Simple 25-35 P 13 -3 Payroll tax entries. Moder ate 20-30 P 13 -4 Payroll tax entries. Simple 20-25 P 13 -5 Warranties, accrual and cash basis. Simple 15-20 P 13 -6 Extended warranties. Simple 10-20 13-4
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P 13 -7 Warranties, accrual and cash basis. Moder ate 25-35 P 13 -8 Premium entries. Moder ate 15-25 P 13 -9 Premium entries and financial statement presentation. Moder ate 30-45 P 13 - 10 Loss contingencies: entries and essay. Simple 25-30 P 13 - 11 Loss contingencies: entries and essays. Moder ate 35-45 P 13 - 12 Warranties and premiums. Moder ate 20-30 P 13 - 13 Loss contingencies, warranties, litigation. Moder ate 25-35 *P 13 - 14 Bonus computation. Simple 25-30 *P 13 - 15 Warranty, bonus, and coupon computation. Moder ate 20-25 C 13 -1 Nature of liabilities. Moder ate 20-25 C 13 -2 Current versus noncurrent classification. Moder ate 15-20 C 13 -3 Refinancing of short-term debt. Moder ate 30-40 C 13 -4 Refinancing of short-term debt. Moder ate 20-25 C 13 -5 Loss contingencies.
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