ch11 - CHAPTER 11 Liabilities ASSIGNMENT CLASSIFICATION...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
11-1 CHAPTER 11 Liabilities 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 1 1A 1B * 2. Describe the accounting for notes payable. 2 2 1 1A, 2A 1B * 3. Explain the accounting for other current liabilities. 3, 4, 5, 6 3, 4, 5, 6 2, 3 1A 1B * 4. Explain why bonds are is- sued, and identify the types of bonds. 7, 8, 9, 10, 11 74 * 5. Prepare the entries for the issuance of bonds and in- terest expense. 12, 13, 14, 8, 9, 10 5, 6, 10, 11, 12, 13 3A, 4A, 6A, 7A, 8A, 9A 2B, 3B, 5B, 6B, 7B, 8B * 6. Describe the entries when bonds are redeemed or converted. 15, 16 11 6, 7 3A, 4A, 10A 2B, 3B, 9B 7. Describe the accounting for long-term notes payable. 17 12 8 5A 4B 8. Identify the methods for the presentation and analysis of long-term liabilities. 18 13 9 3A, 4A, 5A 2B, 3B *9 Compute the market price of a bond. 21 14 *10. Apply the effective-interest method of amortizing bond discount and bond premium. 19, 20 15 10, 11 6A, 7A 5B, 6B
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
11-2 ASSIGNMENT CLASSIFICATION TABLE (Continued) *11 Apply the straight-line method of amortizing bond discount and bond pre- mium. 22, 23 16, 17 12, 13 8A, 9A, 10A 7B, 8B, 9B *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.
Background image of page 2
11-3 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 Journalize and post note transactions and show balance sheet presentation. Moderate 30 40 3A Prepare entries to record issuance of bonds, interest ac- crual, and bond redemption. Moderate 20 30 4A Prepare entries to record issuance of bonds, interest ac- crual, and bond redemption. Moderate 15 20 5A Prepare installment payments schedule and journal en- tries for a mortgage note payable. Moderate 20 30 *6A Prepare entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective-interest method. Moderate 30 40 *7A Prepare entries to record issuance of bonds, payment of interest, and amortization of premium using effective- interest method. In addition, answer questions. Moderate 30 40 *8A Prepare entries to record issuance of bonds, interest ac- crual, and amortization for two years. Simple 30 40 *9A Prepare entries to record issuance of bonds, interest, and amortization of bond premium and discount. Simple 30 40 *10A Prepare entries to record interest payments, discount amortization, and redemption of bonds. Moderate 30 40 1B Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30 40 2B Prepare entries to record issuance of bonds, interest ac- crual, and bond redemption.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/26/2010 for the course BA ACY1111/2 taught by Professor C during the Spring '09 term at CUHK.

Page1 / 64

ch11 - CHAPTER 11 Liabilities ASSIGNMENT CLASSIFICATION...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online