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Ch 14 answers - different book edition

Ch 14 answers - different book edition - CHAPTER 14...

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CHAPTER 14 Long-Term Liabilities ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief  Exercises Exercises Problems   Concepts  for Analysis 1. Long-term liability;  classification; definitions. 1, 10, 14,  20 1, 2 10, 11 1, 2, 3 2. Issuance of bonds; types  of bonds. 2, 3, 4, 9,  10, 11 1, 2, 3, 4, 5,  6, 7 3, 4, 5, 6, 7,  8, 9, 10, 11 1, 2, 3, 4,  5, 6, 7, 10 1, 3, 6 3. Premium and discount;  amortization schedules. 5, 6, 7,  8, 11 3, 4, 6, 7, 8,  10 4, 5, 6, 7, 8,  9, 10, 11,  13,  14, 15 1, 2, 3, 4,  5, 6, 7, 10,  11 1, 2, 3, 4 4. Retirement and refunding  of debt. 12, 13 11 12, 13,  14, 15 2, 4, 5, 6,  7, 10 3, 4, 5 5. Imputation of interest on  notes. 14, 15, 16,  17, 18 12, 13, 14,  15 16, 17, 18 8, 9 6. Disclosures of long-term  obligations. 19, 20,  21, 22 9 19 10 1, 3, 5 *7. Troubled debt  restructuring. 23, 24, 25,  26, 27, 28,  29 16 20, 21, 22,  23, 24, 25,  26 13, 14, 15 *8. Impairments. 24, 26 27, 28 12 *This material is discussed in the Appendix to the Chapter. 14-1
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ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives      Brie Exerci ses Exercis es Proble ms 1. Describe the formal procedures  associated with issuing long-term debt. 2. Identify various types of bond issues. 1, 2 3. Describe the accounting valuation  for bonds at date of issuance. 1, 2, 3, 4, 5,  6, 7, 8 3, 4, 5, 6, 7, 8,  9, 10, 11, 12, 13,  14, 15 1, 2, 3, 4, 5,  6, 7, 10 4. Apply the methods of bond discount  and amortization. 2, 3, 4, 5,  6, 7, 8, 10 3, 4, 5, 6, 7, 8,  9, 10, 12, 13,  14, 15 1, 2, 3, 4, 5,  6, 7, 10, 11 5. Describe the accounting for the  extinguishment of debt. 11 12, 13, 14, 15 2, 4, 5, 6,  7, 10 6. Explain the accounting for long-term  notes payable. 12, 13, 14, 15 16, 17, 18 8, 9 7. Explain the reporting of off-balance sheet  financing arrangements. 8. Indicate how to present and analyze  long-term debt. 9 19 4, 10 *9. Describe the accounting for a loan  impairment. 16 27, 28 12 *10. Describe the accounting for debt  restructuring. 20, 21, 22,  23, 24, 25,  26 13, 14, 15 14-2
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ASSIGNMENT CHARACTERISTICS TABLE 14-3
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It e m Description Level  of  Difficu lty Time  (minut es)    E 14 -1 Classification of liabilities. Simple 15–20    E 14 -2 Classification. Simple 15–20    E 14 -3 Entries for bond transactions. Simple 15–20    E 14 -4 Entries for bond transactions—straight-line. Simple 15–20    E 14 -5    Entries for bond transactions—effective-interest. Simple 15–20    E 14 -6 Amortization schedule—straight-line. Simple 15–20    E 14 -7 Amortization schedule—effective-interest. Simple 15–20    E 14 -8 Determine proper amounts in account balances. Moder ate 15–20    E 14 -9 Entries and questions for bond transactions. Moder ate 20–30    E 14 - 10 Entries for bond transactions. Moder ate 15–20    E 14 - 11 Information related to various bond issues. Simple 20–30    E 14 - 12 Entry for retirement of bond; bond issue costs. Simple 15–20    E 14 - 13 Entries for retirement and issuance of bonds. Simple 15–20  
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