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ch04 solutions

# 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 18–20 E 4- 2 Income statement items. Simple 25–35 E 4- 3 Single-step income statement. Moder ate 20–25 E 4- 4 Multiple-step and single-step. Simple 30–35 E 4- 5 Multiple-step and extraordinary items. Moder ate 30–35 E 4- 6 Multiple-step and single-step. Moder ate 30–40 E 4- 7 Income Statement, EPS. Simple 15–20 E 4- 8 Multiple-step statement with retained earnings. Simple 30–35 E 4- 9 Earnings per share. Simple 20–25 E 4- 10 Condensed income statement—periodic inventory method. Moder ate 20–25 E 4- 11 Retained earnings statement. Simple 20–25 E 4- 12 Earnings per share. Moder ate 15–20 E 4- 13 Change in accounting principle. Moder ate 15–20 E 4- 14 Comprehensive income. Simple 15–20 E 4- 15 Comprehensive income. Moder ate 15–20 E 4- 16 Various reporting formats. Moder ate 30–35 4-4 P 4- 1 Multi-step income, retained earnings. Moder ate 30–35 P 4- 2 Single-step income, retained earnings, periodic inventory....
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ch04 solutions - CHAPTER 4 Income Statement and Related...

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