ch.10solutions

ch.10solutions - CHAPTER10 ReportingandAnalyzingLiabilities...

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CHAPTER 10 Reporting and Analyzing Liabilities Study Objectives 1. Explain a current liability and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Identify the types of bonds. 5. Prepare the entries for the issuance of bonds and interest expense. 6. Describe the entries when bonds are redeemed. 7. Identify the requirements for the financial statement presentation and analysis of liabilities. Summary of Questions by Study Objectives and Bloom’s Taxonomy Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT Questions 1. 1 C 7. 4 C 13. 5 C 19. 7 C 25. 8* C 2. 2 C 8. 4 AN 14. 5 AP 20. 7 C 26. 8* AP 3. 3 AP 9. 4 C 15. 5 AP 21. 7 C 27. 9* C 4. 3 AP 10. 4 C 16. 16 AP 22. 7 C 28. 9* C 5. 3 K 11. 4 K 17. 7 C 23. 7 C 6. 3 C 12. 4, 5 C 18. 7 K 24. 7 C Brief Exercises 1. 1 C 4. 3 AP 7. 6 AP 10. 7 AP 13. 8* AP 2. 2 AP 5. 4 AP 8. 7 AP 11. 7 AN 14. 9* AP 3. 3 AP 6. 5 AP 9. 7 AP 12. 8* AP Exercises 1. 2 AP 6. 3 AP 11. 5, 6, AP 16. 7 AN 19. 5, 6, 2. 2 AP 7. 3 AP 12. 6 AP 17. 7 C 8* AP 3. 2 AP 8. 5 AP 13. 7 AP 18. 5, 6, 20. 5, 9* AP 4. 3 AP 9. 5 AP 14. 7 AP 8* AP 21. 5, 9* AP 5. 3 AP 10. 5 AN 15. 7 AN 22. 10* AP Problems: Set A 1. 1, 2, 3, 7 AP 5. 5, 6, 7 AP 8. 5, 7, 8* AP 11. 5, 7, 9* AP 2. 2, 7 AP 6. 7 AN 9. 5, 7, 8* AP 12. 7, 10* AP 3. 5, 6 AP 7. 5, 6, 8* AP 4. 5, 6, 7 AP 10. 5, 9* AP 13. 7, 10* AP 10-1
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Summary of Questions by Study Objectives and Bloom’s Taxonomy (Continued) Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT Problems: Set B 1. 1, 2, 3, 7 AP 5. 5, 6, 7 AP 8. 5, 7, 8* AP 11. 5, 7, 9* AP 2. 2, 7 AP 6. 7 AN 9. 5, 7, 8* AP 12. 7, 10* AP 3. 5, 6 AP 7. 5, 6, 8* AP 4. 5, 6, 7 AP 10. 5, 9* AP 13. 10* AP 10-2
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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) * 1A Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30–40 * 2A Journalize and post note transactions; show balance sheet presentation. Moderate 30–40 3A Prepare journal entries to record interest payments and re- demption of bonds. Moderate 30–40 4A Prepare journal entries to record issuance of bonds, interest, balance sheet presentation, and bond redemption. Moderate 30–40 * 5A Prepare journal entries to record issuance of bonds, show balance sheet presentation, and record bond redemption. Simple 30–40 6A Calculate and comment on ratios. Moderate 30–40 *7A Prepare journal entries to record interest payments, straight-line discount amortization, and redemption of bonds. Moderate 30–40 * *8A Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation. Simple
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This note was uploaded on 04/21/2009 for the course ACC 210 taught by Professor Staff during the Spring '07 term at N.C. State.

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ch.10solutions - CHAPTER10 ReportingandAnalyzingLiabilities...

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