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ch11 - CHAPTER 11 Current Liabilities and Payroll...

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11-1 CHAPTER 11 Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Explain a current liability, and identify the major types of current liabilities. 1 1 7 1A 1B 2. Describe the accounting for notes payable. 2 2 1, 2, 7 1A, 2A 1B, 2B 3. Explain the accounting for other current liabilities. 3, 4 3, 4 3, 4, 7 1A 1B 4. Explain the financial statement presentation and analysis of current liabilities. 5 5 7, 8, 9 1A 1B 5. Describe the accounting and disclosure requirements for contingent liabilities. 6, 7 6 5, 6, 7 1A 1B 6. Compute and record the payroll for a pay period. 8, 9, 10, 12 13, 14, 15 7, 8 10, 11, 12 13 3A, 4A, 5A 3B, 4B, 5B 7. Describe and record employer payroll taxes. 9, 10, 11, 15 9 12, 14 3A, 4A, 5A 3B, 4B, 5B 8 Discuss the objectives of internal control for payroll. 16, 17 10 *9. Identify additional fringe benefits associated with employee compensation. 18, 19, 20, 21, 22 11 15, 16 4A 4B * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.
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11-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30–40 2A Journalize and post note transactions and show balance sheet presentation. Moderate 30–40 3A Prepare payroll register and payroll entries. Simple 30–40 4A Journalize payroll transactions and adjusting entries. Moderate 30–40 5A Prepare entries for payroll and payroll taxes; prepare W-2 data. Moderate 30–40 1B Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30–40 2B Journalize and post note transactions and show balance sheet presentation. Moderate 30–40 3B Prepare payroll register and payroll entries. Simple 30–40 4B Journalize payroll transactions and adjusting entries. Moderate 30–40 5B Prepare entries for payroll and payroll taxes; prepare W-2 data. Moderate 30–40
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BLOOM’S TAXONOMY TABLE 11-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Explain a current liability, and identify the major types of current liabilities. Q11-1 BE11-1 E11-7 P11-1A P11-1B 2. Describe the accounting for notes payable. Q11-2 E11-7 BE11-2 E11-1 E11-2 P11-1A P11-2A P11-1B P11-2B 3. Explain the accounting for other current liabilities. BE11-4 Q11-3 Q11-4 E11-3 E11-7 BE11-3 E11-4 P11-1A P11-1B 4. Explain the financial statement presentation and analysis of current liabilities. Q11-5 BE11-5 E11-7 E11-8 E11-9 P11-1A P11-1B 5. Describe the accounting and disclosure requirements for contingent liabilities. Q11-6 Q11-7 E11-6 E11-5 E11-6 E11-7 BE11-6 E11-5 P11-1A P11-1B 6.
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