chapter_11 - CHAPTER 11 Current Liabilities and Payroll...

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11-1 CHAPTER 11 Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Explain a current liability and identify the major types of current liabilities. 1, 6 1 5 1A 1B 2. Describe the accounting for notes payable. 2 2 1, 5 1A, 6A 1B 3. Explain the accounting for other current liabilities. 3, 4 3, 4 2, 3, 5 1A 1B 4. Explain the financial statement presentation and analysis of current liabilities. 5 5 5, 6, 7 1A 1B 5. Describe the accounting and disclosure require- ments for contingent lia- bilities. 6, 7 6 4, 5 1A 1B 6. Discuss the objectives of internal control for payroll. 8, 9, 10 7 3A 3B 7. Compute and record the payroll for a pay period. 10, 11, 12, 14, 15, 16, 17 8, 9 8, 9, 10, 11 2A, 4A, 5A 2B, 4B, 5B 8. Describe and record employer payroll taxes. 11, 12, 13, 17 10 10, 12 2A, 4A, 5A 2B, 4B, 5B *9. Identify additional fringe benefits associated with employee compensation. 18, 19, 20, 21, 22 11 13 4A, 5A 4B, 5B
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11-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30-40 2A Prepare payroll register and payroll entries. Simple 30-40 3A Identify internal control weaknesses and make recom- mendations for improvement. Simple 20-30 4A Journalize payroll transactions and adjusting entries. Moderate 30-40 5A Prepare entries for payroll and payroll taxes, and prepare W-2 data. Moderate 30-40 6A Journalize and post note transactions and show balance sheet presentation. Moderate 30-40 1B Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30-40 2B Prepare payroll register and payroll entries. Simple 30-40 3B Identify internal control weaknesses and make recom- mendations for improvement. Simple 20-30 4B Journalize payroll transactions and adjusting entries. Moderate 30-40 5B Prepare entries for payroll and payroll taxes, and prepare W-2 data. Moderate 30-40
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BLOOM'S TAXONOMY TABLE 11-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Explain a current liability and iden- tify the major types of current li- abilities. Q11-1 Q11-6 BE11-1 E11-5 P11-1A P11-1B 2. Describe the accounting for notes payable. Q11-2 BE11-2 E11-1 P11-6A 3. Explain the accounting for other current liabilities. BE11-4 Q11-3 Q11-4 E11-2 BE11-3 E11-3 4. Explain the financial statement presentation and analysis of cur- rent liabilities. Q11-5 BE11-5 E11-6 E11-7 5. Describe the accounting and dis- closure requirements for contin- gent liabilities. Q11-7 BE11-6 E11-4 6. Discuss the objectives of internal control for payroll. Q11-9 Q11-8 Q11-10 BE11-7 P11-3A P11-3B 7. Compute and record the payroll for a pay period. Q11-11 Q11-14 Q11-16 Q11-12 Q11-15 Q11-17 BE11-8 BE11-9 E11-8 E11-9 E11-10 E11-11 P11-2A P11-4A P11-5A P11-2B P11-4B P11-5B 8. Describe and record employer payroll taxes. Q11-13 Q11-17 BE11-10 E11-12 *9. Identify additional fringe ben- efits associated with employee compensation.
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chapter_11 - CHAPTER 11 Current Liabilities and Payroll...

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