KISV_SM_CH14COMPLETE - CHAPTER 14 Long-Term Liabilities...

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14-1 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 8, 9 1, 2, 3 2. Issuance of bonds; types of bonds. 2, 3, 4, 9, 10, 11 1, 2, 3, 4, 5, 6, 7, 8 3, 4, 5, 6, 7, 8, 9, 10, 11 1, 2, 3, 4, 5, 6, 7, 8 1, 3, 6 3. Premium and discount; amortization schedules. 5, 6, 7, 8, 11 3, 4, 6, 7, 9 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 1, 2, 3, 4, 5, 6, 7, 8, 9 1, 2, 3, 4 4. Retirement and refunding of debt. 12, 13 10 12, 13, 14, 15 3, 4, 5, 6, 7, 8 3, 4, 5 5. Imputation of interest on notes. 14, 15, 16, 17, 18 11, 12, 13, 14 16, 17, 18 10, 11 6. Disclosures of long-term obligations. 19, 20, 21, 22 15 19 8 1, 3, 5 *7. Troubled debt restructuring. 23, 24, 25, 26, 27, 28, 29 16 22, 23, 24, 25, 26, 27, 28 13, 14, 15 *8. Impairments. 24, 26 20, 21 12 *This material is discussed in the Appendix to the Chapter.
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14-2 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 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, 8 4. Apply the methods of bond discount and amortization. 2, 3, 4, 5, 6, 7, 8, 9 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 1, 2, 3, 4, 5, 6, 7, 8, 9 5. Describe the accounting for the extinguishment of debt. 10 12, 13, 14, 15 3, 4, 5, 6, 7, 8 6. Explain the accounting for long-term notes payable. 11, 12, 13, 14 16, 17, 18 10, 11 7. Explain the reporting of off-balance sheet financing arrangements. 8. Indicate how to present and analyze long-term debt. 15 19 7, 8 *9. Describe the accounting for a loan impairment. 16 20, 21 12 *10. Describe the accounting for debt restructuring. 22, 23, 24, 25, 26, 27, 28 13, 14, 15
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14-3 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E14-1 Classification. Simple 15–20 E14-2 Classification of liabilities. Simple 15–20 E14-3 Information related to various bond issues. Simple 20–30 E14-4 Entries for bond transactions. Simple 15–20 E14-5 Entries for bond transactions—straight-line. Simple 15–20 E14-6 Entries for bond transactions—effective-interest. Simple 15–20 E14-7 Amortization schedule—straight-line. Simple 15–20 E14-8 Amortization schedule—effective-interest. Simple 15–20 E14-9 Entries and questions for bond transactions. Moderate 20–30 E14-10 Determine proper amounts in account balances. Moderate 15–20 E14-11 Entries for bond transactions. Moderate 15–20 E14-12 Entries for retirement and issuance of bonds. Simple 15–20 E14-13 Entries for retirement and issuance of bonds. Simple 10–15 E14-14 Entry for retirement of bond; bond issue costs. Simple 15–20 E14-15 Entries for retirement and issuance of bonds. Simple 12–16 E14-16 Imputation of interest with right. Moderate 15–20 E14-17 Entries for zero-interest-bearing notes. Simple 15–20 E14-18 Imputation of interest. Simple 15–20 E14-19 Long-term debt disclosure. Simple 10–15 *E14-20 Impairments. Moderate 15–25 *E14-21 Impairments. Moderate 15–25 *E14-22 Settlement of debt. Moderate 15–20 *E14-23 Term modification without gain—debtor’s entries. Moderate 20–30 *E14-24 Term modification without gain—creditor’s entries.
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