ch13 - CHAPTER 13 Current Liabilities and Contingencies...

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Unformatted text preview: CHAPTER 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. 13-1 ASSIGNMENT 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 13-2 ASSIGNMENT CHARACTERISTICS TABLE 13-3 Ite m Description Level of Difficu lty Time (minut es) E 13-1 Balance sheet classification of various liabilities. Simple 1015 E 13-2 Accounts and notes payable. Moder ate 1520 E 13-3 Refinancing of short-term debt. Simple 1512 E 13-4 Refinancing of short-term debt. Simple 2025 E 13-5 Compensated absences. Moder ate 2530 E 13-6 Compensated absences. Moder ate 2530 E 13-7 Adjusting entry for sales tax. Simple 57 E 13-8 Payroll tax entries. Simple 1015 E 13-9 Payroll tax entries. Simple 1520 E 13- 10 Warranties. Simple 1015 E 13- 11 Warranties. Moder ate 1520 E 13- 12 Premium entries. Simple 1520 E 13- 13 Contingencies. Moder ate 2030 E 13- 14 Asset retirement obligation. Moder ate 2530 13-4 E 13- 15 Premiums. Moder ate 2030 E 13- 16 Financial statement impact of liability transactions. Moder ate 3035 E 13- 17 Ratio computations and discussion. Simple 1015 E 13- 18 Ratio computations and analysis. Simple 2025 E 13- 19 Ratio computations and effect of transactions.Ratio computations and effect of transactions....
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ch13 - CHAPTER 13 Current Liabilities and Contingencies...

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