Ch 13 Answers to Int. Accounting Kieso

Ch 13 Answers to Int. Accounting Kieso - 13-1CHAPTER 13...

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Unformatted text preview: 13-1CHAPTER 13 Current Liabilities and Contingencies ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 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 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, 15 7, 8 9. Premiums and awards offered to customers. 24, 25 15 12, 15, 16 8, 9, 12, 15 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. 13-2ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Describe the nature, type, and valuation of current liabilities. 1, 2, 3, 4, 5, 6 1, 2, 7 1, 2 2. Explain the classification issues of short-term debt expected to be refinanced. 4 3, 4 3. Identify types of employee-related liabilities. 7, 8, 9 5, 6, 8, 9 3, 4 4. Identify the criteria used to account for and disclose gain and loss contingencies. 10, 11, 12, 13, 14, 15 13 7, 10, 11, 13 5. Explain the accounting for different types of loss contingencies. 10, 11, 12, 13, 14, 15 10, 11, 12, 13, 14, 15 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 6. Indicate how to present and analyze liabilities and contingencies. 16, 17, 18, 19 9 *7. Compute employee bonuses under differing arrangements. 16 20, 21, 22 14, 15 13-3ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E13-1 Balance sheet classification of various liabilities. Simple 1015 E13-2 Accounts and notes payable. Moderate 1520 E13-3 Refinancing of short-term debt. Simple 1512 E13-4 Refinancing of short-term debt. Simple 2025 E13-5 Compensated absences. Moderate 2530 E13-6 Compensated absences. Moderate 2530 E13-7 Adjusting entry for sales tax. Simple 57 E13-8 Payroll tax entries. Simple 1015 E13-9 Payroll tax entries. Simple 1520 E13-10 Warranties. Simple 1015 E13-11 Warranties. Moderate 1520 E13-12 Premium entries. Simple 1520 E13-13 Contingencies. Moderate 2030 E13-14 Asset retirement obligation. Moderate 2530 E13-15 Premiums. Moderate 2030 E13-16 Financial statement impact of liability transactions. Moderate 3035 E13-17 Ratio computations and discussion. Simple 1015 E13-18 Ratio computations and analysis. Simple 2025 E13-19 Ratio computations and effect of transactions. Moderate 1525 *E13-20 Bonus computation. Bonus computation....
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Ch 13 Answers to Int. Accounting Kieso - 13-1CHAPTER 13...

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