ch12 - CHAPTER 12 Accounting for Liabilities ASSIGNMENT...

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© 2008 For Instructor Use Only 12-1 CHAPTER 12 Accounting for Liabilities ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems 1. Concept of liabilities; definition and classification of current liabilities. 1, 2, 3, 4, 5, 6, 8 1 1, 2 2. Accounts payable; dividends payable. 7, 9, 29 1, 2, 3 2 1 3. Deposits, advance payments. 10 4 14 4. Long-term liability; classification; definitions. 11, 12, 13, 14 3, 4 2 5. Issuance of bonds; types of bonds. 15, 16, 17 5, 6, 7, 8 5, 9, 10 6. Retirement of debt. 18 10 8, 9, 10 7. Contingent liabilities (General). 19, 20, 21, 22, 23 11 11, 12 5, 6, 13, 14 8. Guaranties, warranties, and Asset retirement obligations. 23, 24 13, 14, 15 6, 7, 12, 13 3, 4 9. Self-insurance, litigation, claims, and assessments. 25, 26 12 7, 8, 10, 11 10. Presentation and analysis. 28, 29, 30, 31 9 13, 14, 15, 16, 17 2 *11. Premium and discount amortization. 32 16, 17, 18 18, 19, 20, 21, 22, 23 9, 10 *This material is discussed in the appendix.
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© 2008 For Instructor Use Only 12-2 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Leaning Objectives Brief Exercises Exercises Problems 1. Describe the nature, type, and valuation of current liabilities. 1, 2, 3, 4 1, 2, 3, 4, 13 1, 2, 8 2. Identify various types of bond issues. 3. Describe the accounting valuation for bonds at date of issuance. 5, 6, 7, 8 5, 8, 9, 10, 20 2, 9, 10 4. Describe the accounting procedures for the extinguishment of debt. 10 8, 9, 10 5. Identify the criteria used to account for and disclose gain and loss contingencies. 11 5, 6, 7, 8 6. Explain the accounting for different types of loss contingencies. 11, 12, 13, 14, 15 6, 7, 11, 12 3, 4, 5, 6, 7, 8 7. Explain the reporting of off-balance-sheet financing arrangements. 8. Indicate how to present and analyze liabilities and contingencies. 9 1, 3, 4, 13, 14, 15, 16, 17 2 *9. Compute amortization of bond discount and premium using the effective-interest methods. 16, 17, 18 18, 19, 20, 21, 22, 23 9, 10 * This material is discussed in the appendix.
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© 2008 For Instructor Use Only 12-3 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E12-1 Balance sheet classification of various liabilities. Simple 10–15 E12-2 Accounts and notes payable. Moderate 15–20 E12-3 Classification of liabilities. Simple 15–20 E12-4 Classification. Simple 15–20 E12-5 Entries for bond transactions. Simple 15–20 E12-6 Warranties. Simple 10–15 E12-7 Warranties. Moderate 15–20 E12-8 Entry for retirement of bond; bond issue costs. Simple 15–20 E12-9 Entries for retirement and issuance of bonds. Simple 10–12 E12-10 Entries for retirement and issuance of bonds. Simple 10–15 E12-11 Contingencies. Moderate 20–30 E12-12 Asset retirement obligation. Moderate 20–25 E12-13 Financial statement impact of liability transactions. Moderate 30–35 E12-14 Ratio computations and discussion. Simple 10–15 E12-15 Long-term debt disclosure. Moderate 15–20 E12-16 Ratio computations and analysis. Simple 20–25 E12-17 Ratio computations and effect of transactions. Moderate 15–25 *E12-18 Entries for bond transactions—effective interest. Simple 15–20 *E12-19 Amortization schedule—straight-line interest. Simple 15–20 *E12-20 Determine proper amounts in account balances. Moderate 15–20 *E12-21 Entries and questions for bond transactions.
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This note was uploaded on 02/09/2010 for the course BUS 101 taught by Professor Noname during the Spring '10 term at KCTCS.

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ch12 - CHAPTER 12 Accounting for Liabilities ASSIGNMENT...

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