ch15 - CHAPTER 15 Long-Term Liabilities ASSIGNMENT...

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15-1 CHAPTER 15 Long-Term Liabilities ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Explain why bonds are issued. 1, 2, 3, 4, 5 1 1, 2 * 2. Prepare the entries for the issuance of bonds and interest expense. 6, 7, 8 2, 3, 4 3, 4, 5, 6, 7, 8 1A, 2A, 5A, 6A, 9A 1B, 2B, 5B, 6B, 9B * 3. Describe the entries when bonds are redeemed or converted. 9, 10 5 5, 6, 8, 9, 18, 19 1A, 2A, 9A 1B, 2B, 9B * 4. Describe the accounting for long-term notes payable. 11 6 10, 11 3A 3B * 5. Contrast the accounting for operating and capital leases. 12, 13, 14 7 12 4A 4B 6. Identify the methods for the presentation and analysis of long-term liabilities. 15 8 13, 14 1A, 2A, 7A, 8A 1B, 2B, 7B, 8B *7. Compute the market price of a bond. 18 9 15 *8. Apply the effective-interest method of amortizing bond discount and bond premium. 16, 17 10 16, 17 5A, 6A 5B, 6B *9. Apply the straight-line method of amortizing bond discount and bond premium. 19, 20 11, 12 18, 19 7A, 8A, 9A 7B, 8B, 9B * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.
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15-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 20–30 2A Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 15–20 3A Prepare installment payments schedule and journal entries for a mortgage note payable. Moderate 20–30 4A Analyze three different lease situations and prepare journal entries. Moderate 20–30 *5A * Prepare entries to record issuance of bonds, payment of interest, and amortization of bond premium using effective-interest method. Moderate 30–40 *6A * Prepare entries to record issuance of bonds, payment of interest, and amortization of discount using effective- interest method. In addition, answer questions. Moderate 30–40 *7A Prepare entries to record issuance of bonds, interest accrual, and straight-line amortization for two years. Simple 30–40 *8A Prepare entries to record issuance of bonds, interest, and straight-line amortization of bond premium and discount. Simple 30–40 *9A Prepare entries to record interest payments, straight-line premium amortization, and redemption of bonds. Moderate 30–40 1B Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 20–30 2B Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 15–20 3B Prepare installment payments schedule and journal entries for a mortgage note payable. Moderate 20–30 4B Analyze three different lease situations and prepare journal entries. Moderate 20–30 *5B * Prepare entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective-interest method.
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This note was uploaded on 04/15/2010 for the course ACCOUNTING 1234 taught by Professor Ahmed during the Spring '10 term at Abu Dhabi University.

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ch15 - CHAPTER 15 Long-Term Liabilities ASSIGNMENT...

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