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Unformatted text preview: 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. Shortterm 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. Selfinsurance, 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. 131 ASSIGNMENT CHARACTERISTICS TABLE 132 Ite m Description Level of Difficu lty Time (minut es) E 131 Balance sheet classification of various liabilities. Simple 1015 E 132 Accounts and notes payable. Moder ate 1520 E 133 Refinancing of shortterm debt. Simple 1512 E 134 Refinancing of shortterm debt. Simple 2025 E 135 Compensated absences. Moder ate 2530 E 136 Compensated absences. Moder ate 2530 E 137 Adjusting entry for sales tax. Simple 57 E 138 Payroll tax entries. Simple 1015 E 139 Payroll tax entries. Simple 1520 E 13 10 Warranties. Simple 1015 E 13 11 Warranties. Moder ate 1520 E 13 12 Premium entries. Simple 1520 E 13 13 Contingencies. Moder ate 2030 E 13 14 Asset retirement obligations Moder ate 2530 133 E 13 15 Premiums. Moder ate 2030 E 13 16 Financial statement impact of liability transactions. Moder ate 3035 E 13 17 Ratio computations and discussion. Simple 1015 E 13 18 Ratio computations and analysis. Simple 2025 E 13 19 Ratio computations and effect of transactions. Moder ate 1525 *E 13 20 Bonus computation. Simple 1015 *E 13 21 Bonus computation and income statement preparation. Simple 1520 *E 13 22 Bonus compensation. Moder ate 1520 P 131 Current liability entries and adjustments. Simple 2530 P 132 Current liability entries and adjustments. Simple 2535 P 133 Payroll tax entries. Moder ate 2030 P 134 Payroll tax entries. Simple 2025 P 135 Warranties, accrual and cash basis. Simple 1520 P 136 Extended warranties. Simple 1020 134 P 137 Warranties, accrual and cash basis. Moder ate 2535 P 138 Premium entries. Moder ate 1525 P 139 Premium entries and financial statement presentation....
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 Spring '08
 Friday
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