ACCT 5010-INT II-HW-CH 13

ACCT 5010-INT II-HW-CH 13 - CHAPTER 13 Current Liabilities...

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13-1 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.
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13-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E13-1 Balance sheet classification of various liabilities. Simple 10-15 E13-2 Accounts and notes payable. Moderate 15-20 E13-3 Refinancing of short-term debt. Simple 15-12 E13-4 Refinancing of short-term debt. Simple 20-25 E13-5 Compensated absences. Moderate 25-30 E13-6 Compensated absences. Moderate 25-30 E13-7 Adjusting entry for sales tax. Simple 5-7 E13-8 Payroll tax entries. Simple 10-15 E13-9 Payroll tax entries. Simple 15-20 E13-10 Warranties. Simple 10-15 E13-11 Warranties. Moderate 15-20 E13-12 Premium entries. Simple 15-20 E13-13 Contingencies. Moderate 20-30 E13-14 Asset retirement obligations Moderate 25-30 E13-15 Premiums. Moderate 20-30 E13-16 Financial statement impact of liability transactions. Moderate 30-35 E13-17 Ratio computations and discussion. Simple 10-15 E13-18 Ratio computations and analysis. Simple 20-25 E13-19 Ratio computations and effect of transactions. Moderate 15-25 *E13-20 Bonus computation. Simple 10-15 *E13-21 Bonus computation and income statement preparation. Simple 15-20 *E13-22 Bonus compensation. Moderate 15-20 P13-1 Current liability entries and adjustments. Simple 25-30 P13-2 Current liability entries and adjustments. Simple 25-35 P13-3 Payroll tax entries. Moderate 20-30 P13-4 Payroll tax entries. Simple 20-25 P13-5 Warranties, accrual and cash basis. Simple 15-20 P13-6 Extended warranties. Simple 10-20 P13-7 Warranties, accrual and cash basis. Moderate 25-35 P13-8 Premium entries. Moderate 15-25 P13-9 Premium entries and financial statement presentation. Moderate 30-45 P13-10 Loss contingencies: entries and essay. Simple 25-30 P13-11 Loss contingencies: entries and essays. Moderate 35-45 P13-12 Warranties and premiums. Moderate 20-30 P13-13 Loss contingencies, warranties, litigation. Moderate 25-35 *P13-14 Bonus computation. Simple 25-30 *P13-15 Warranty, bonus, and coupon computation. Moderate 20-25 C13-1 Nature of liabilities. Moderate 20-25 C13-2 Current versus noncurrent classification. Moderate 15-20 C13-3 Refinancing of short-term debt. Moderate 30-40 C13-4 Refinancing of short-term debt. Moderate 20-25 C13-5 Loss contingencies. Simple 15-20 C13-6 Loss contingencies. Simple 15-20 C13-7 Warranties and loss contingencies.
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ACCT 5010-INT II-HW-CH 13 - CHAPTER 13 Current Liabilities...

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