CH08 - CHAPTER 8 Accounting for Receivables ASSIGNMENT...

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CHAPTER 8 Accounting for Receivables ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Alternate Problems 1. Identify the different types of receivables. 1, 2, 12 1 2. Explain how accounts receivable are recog- nized in the accounts. 3, 7 2 1, 5 1, 3, 5, 6 1, 3, 5, 6 3. Distinguish between the methods and bases used to value accounts receivable. 4, 5, 6, 7, 8 3, 4, 5, 6, 7 2, 3, 4 1, 2, 3, 4 1, 2, 3, 4 4. Describe the entries to record the disposition of accounts receivable. 9, 10, 11 9 5, 6, 7 5, 6 5, 6 5. Compute the maturity date of, and interest on, notes receivable. 13, 14, 15, 16 8 8, 9, 10 5, 6 5, 6 6. Explain how notes re- ceivable are recognized in the accounts. 10 8, 9, 10 5, 6 5, 6 7. Describe how notes receivable are valued. 5, 6 5, 6 8. Describe the entries to record the disposition of notes receivable. 17 10 5, 6 5, 6 9. Explain the financial statement presentation and analysis of receiv- ables. 18, 19 11 1, 5 1, 5 8-1
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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1 Prepare basic accounts receivable entries, including adjusting entry for bad debts, and compute turnover ratio. Simple 15-20 2 Compute bad debts expense for, and analyze effects of, the direct write-off and allowance methods. Moderate 20-25 3 Journalize entries to record transactions related to bad debts. Moderate 20-30 4 Journalize entries to record transactions related to bad debts. Moderate 20-30 5 Prepare entries for various notes receivable trans- actions. Moderate 40-50 6 Prepare entries for various receivable transactions. Complex 50-60 1A Prepare basic accounts receivable entries, including adjusting entry for bad debts, and compute turnover ratio. Simple 15-20 2A Compute bad debts expense for, and analyze effects of, the direct write-off and allowance methods. Moderate 20-25 3A Journalize entries to record transactions related to bad debts. Moderate 20-30 4A Journalize entries to record transactions related to bad debts. Moderate 20-30 5A Prepare entries for various notes receivable trans- actions. Moderate 40-50 6A Prepare entries for various receivable transactions. Complex 50-60
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Correlation Chart between Bloom's Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Compre hensio n Applic ation Analy sis Synthesis Evaluation 1. Identify the different types of receivables. Q8-2 Q8-1 Q8-12 BE8-1 2. Explain how accounts receivable are recognized in the accounts. Q8-3 BE8-2 E8-1 E8-5 P8-6 P8-6A Q8-7 P8-1 P8-3 P8-5 P8-1A P8-3A P8-5A 3. Distinguish between the methods and bases used to value accounts receivable. Q8-8 Q8-4 Q8-5 Q8-6 BE8-4 BE8-5 Q8-7 BE8-3 BE8-6 BE8-7 E8-2 E8-3 E8-4 P8-1 P8-2 P8-3 P8-4 P8-1A P8-2A P8-3A P8-4A 4. Describe the entries to record the disposition of accounts receivable.
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