ch04 solutions - CHAPTER 4 Income Statement and Related...

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Unformatted text preview: CHAPTER 4 Income Statement and Related Information ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Income measurement concepts. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 18, 28, 31, 32, 33 3, 4, 5, 6, 8 2. Computation of net income from balance sheets and selected accounts. 1 1, 2, 7 3. Single-step income statements; earnings per share. 11, 19, 23, 24 2, 8 3, 4, 6, 7, 10, 15, 16 2, 3, 4, 5 1, 2, 7 4. Multiple-step income statements. 17, 18, 19 3 4, 5, 6, 8 1, 4 5. Extraordinary items; accounting changes; discontinued operations; prior period adjustments; errors. 13, 14, 15, 16, 27, 29 4, 5, 6, 7 5, 7, 9, 10, 12, 13 3, 4, 5, 6, 7 4, 6, 7, 8 6. Retained earnings statement. 30 9, 10 8, 10, 11, 12, 16 1, 2, 4, 5, 6 7. Intraperiod tax allocation. 21, 22, 25, 26, 27 8 8. Comprehensive income. 34 11 14, 15, 16 9 9. Disposal of a component (discon- tinued operations). 29, 35 4-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Bri ef Exerci ses Exerci ses Problems 1. Understand the uses and limitations of an income statement. 2. Prepare a single-step income statement. 1, 2 1, 2, 3, 4, 6, 7, 16 2 3. Prepare a multiple-step income statement. 3, 4 4, 5, 6, 8, 10, 14 1, 4 4. Explain how to report irregular items. 4, 5, 6, 7, 10 5, 7, 8, 10, 12, 13, 16 1, 3, 4, 5, 6, 7 5. Explain intraperiod tax allocation. 5, 6, 7 8, 12, 13, 16 1, 3, 5, 6, 7 6. Identify where to report earnings per share information. 8 7, 8, 9, 10, 12, 13, 16 1, 2, 3, 4, 5, 7 7. Prepare a retained earnings statement. 9, 10 8, 11, 15, 16 1, 2, 4, 5, 6 8. Explain how to report other comprehensive income. 11 14, 15, 16 4-2 ASSIGNMENT CHARACTERISTICS TABLE 4-3 It e m Description Level of Difficu lty Time (minut es) E 4- 1 Computation of net income. Simple 1820 E 4- 2 Income statement items. Simple 2535 E 4- 3 Single-step income statement. Moder ate 2025 E 4- 4 Multiple-step and single-step. Simple 3035 E 4- 5 Multiple-step and extraordinary items. Moder ate 3035 E 4- 6 Multiple-step and single-step. Moder ate 3040 E 4- 7 Income Statement, EPS. Simple 1520 E 4- 8 Multiple-step statement with retained earnings. Simple 3035 E 4- 9 Earnings per share. Simple 2025 E 4- 10 Condensed income statementperiodic inventory method. Moder ate 2025 E 4- 11 Retained earnings statement. Simple 2025 E 4- 12 Earnings per share. Moder ate 1520 E 4- 13 Change in accounting principle. Moder ate 1520 E 4- 14 Comprehensive income. Simple 1520 E 4- 15 Comprehensive income. Moder ate 1520 E 4- 16 Various reporting formats. Moder ate 3035 4-4 P 4- 1 Multi-step income, retained earnings. Moder ate 3035 P 4- 2 Single-step income, retained earnings, periodic inventory....
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This note was uploaded on 11/17/2010 for the course ACCT ACC550 taught by Professor Armsrong during the Spring '10 term at Kellogg School of Management.

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ch04 solutions - CHAPTER 4 Income Statement and Related...

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