6 - CHAPTER 6 Revenues and Cash Flows ASSIGNMENT...

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6-1 CHAPTER 6 Revenues and Cash Flows ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases * 1. Realization and recogni- tion; sales transactions, high rates of return. 1, 2, 3, 4, 1 1 1, 2, 3, 4, 5, 7, 8 * 2. Long-term contracts. 5, 6, 7, 8, 9 2, 3, 4 1, 2, 3, 4 5, 6 1, 2, 3, 4, 5, 8, 9, 10 1, 6 * 3. Installment sales. 10, 11, 12, 14, 15 5, 6 7, 8, 9 1, 6, 7 1 * 4. Cost recovery, deposit methods. 11, 12, 13, 16, 17 7 8, 9, 10 * 5. Statement of Cash Flows. 18, 19, 20, 21, 22, 23, 24, 25 8, 9, 10, 11, 12 11, 12, 13, 14, 15, 16, 17 11, 12 9 *6. Entries for long-term con- tracts. 26 13, 14 18, 20 13 *6 *7. Entries for installment sales. 15 19, 21, 22 14, 15, 16 *7 *This material is dealt with in the Appendix to the chapter.
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6-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E6-1 Recognition of profit on long-term contracts. Moderate 20-25 E6-2 Gross profit on uncompleted contract. Moderate 10-12 E6-3 Recognition of profit, percentage-of-completion. Moderate 10-12 E6-4 Recognition of revenue on long-term contract. Moderate 15-20 E6-5 Recognition of profit for long-term contracts. Simple 15-20 E6-6 Long-term contract reporting. Simple 15-25 E6-7 Installment-sales method calculations. Moderate 15-20 E6-8 Installment-sales method and cost-recovery method. Simple 10-15 E6-9 Installment-sales method and cost-recovery method. Simple 15-20 E6-10 Cost-recovery method. Simple 15-20 E6-11 Statement of cash flows—classification. Moderate 15-20 * E6-12 Preparation of a statement of cash flows. Moderate 25-35 * E6-13 Preparation of a statement of cash flows. Moderate 25-35 * E6-14 Preparation of a statement of cash flows. Moderate 25-35 E6-15 Preparation of a statement of cash flows and a balance sheet. Moderate 30-35 E6-16 Preparation of a statement of cash flows, analysis. Moderate 25-35 E6-17 Preparation of a statement of cash flows, analysis. Moderate 25-35 *E6-18 Percentage-of-completion and entries. Moderate 30-45 *E6-19 Installment sales entries. Simple 20-25 *E6-20 Analysis of percentage-of-completion financial statements. Moderate 25-35 *E6-21 Gross profit calculations and repossessed merchandise. Moderate 15-20 *E6-22 Interest revenue from installment sales. Moderate 25-30 P6-1 Comprehensive two-part revenue recognition. Moderate 20-25 P6-2 Recognition of profit on long-term contract. Simple 20-25 P6-3 Recognition of profit, percentage-of-completion. Moderate 25-35 P6-4 Recognition of profit, percentage-of-completion. Moderate 20-30 P6-5 Long-term contract with an overall loss. Moderate 20-25 P6-6 Installment sales computations. Moderate 25-30 P6-7 Installment sales income statements. Moderate 30-35 P6-8 Completed-contract method. Moderate 20-30 P6-9 Revenue recognition methods—comparison. Complex 40-50 P6-10 Comprehensive problem—long-term contracts. Complex 50-60 P6-11 Preparation of a statement of cash flows. Complex 35-45 P6-12 Preparation of a statement of cash flows.
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6 - CHAPTER 6 Revenues and Cash Flows ASSIGNMENT...

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