1 - CHAPTER18 TimeRange(minutes 1015 Number E181 Content...

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CHAPTER 18 INCOME RECOGNITION AND MEASUREMENT OF NET ASSETS CONTENT ANALYSIS OF EXERCISES AND PROBLEMS Number Content Time Range (minutes) E18-1 Revenue Recognition Alternatives .  (Moderate) Computation of  revenue, expense, and gross profit over 3 year period for various  recognition alternatives. 10-15 E18-2 Percentage-of-Completion .  (Moderate) Comparison of yearly gross  profit under the percentage-of-completion and completed contracts  methods. 15-20 E18-3 Percentage-of-Completion .  (Moderate) Profit/loss determination.  Financial statement disclosure. 10-15 E18-4 Percentage-of-Completion .  (Moderate) Profit/loss determination.  Financial statement disclosure. 15-20 E18-5 (AICPA adapted).  Percentage-of-Completion .  (Easy) Income  determination. 10-15 E18-6 (AICPA adapted).  Long-Term Construction Contract .  (Moderate)  Completed contract, percentage-of-completion methods.  Schedule. 15-20 E18-7 Proportional Performance .  (Easy) Preparation of income statement. 10-15 E18-8 Revenue Recognition at Completion of Production .  (Easy) Summary  journal entries, inventory valuation. 10-15 E18-9 Sales Under the Installment Method .  (Easy) Preparation of  condensed income statement. 10-15 E18-10 Sales Under the Installment Method .  (Moderate) Preparation of  journal entries. 10-15 E18-11 Sales Under the Installment Method .  (Moderate) Preparation of  journal entries and partial income statement. 15-20 18-1
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E18-12 Analysis of Installment Sales .  (Easy) Computation of unknown  amounts. 10-15 E18-13 Adjusting Entries .  (Easy) Preparation of journal entries related to  installment sales. 10-15 18-2
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Number Content Time Range (minutes) E18-14 Cost Recovery . (Easy) Preparation of journal entries. 10-15 E18-15 Deposit Method .  (Easy) Preparation of journal entries. 10-15 E18-16 (Appendix ). Franchisee .  (Easy) Preparation of journal entries related  to initial franchise fee for various situations. 10-15 E18-17 (Appendix ). Consignee .  (Easy) Preparation of journal entries. 10-15 E18-18 (Appendix ). Consignor .  (Easy) Preparation of journal entries. 10-15 P18-1 Revenue Recognition Alternatives .  (Moderate) Indication of when  revenue should be recognized under various situations. 15-20 P18-2 Revenue Recognition Alternatives .  (Challenging) Income statement  and balance sheet preparation under various methods.  Determination of ending retained earnings. 20-30 P18-3 (AICPA adapted).  Percentage-of-Completion .  (Moderate) Total  contract income and amount of cash in first year determined from  balance sheet and income statement accounts.
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