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ACC101_Ch._10 - CHAPTER 10 Long-Term Liabilities OVERVIEW...

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CHAPTER 10 Long-Term Liabilities OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Identify the components of the long-term liability category of the balance sheet. 2. Define the important characteristics of bonds payable. 1 10 Easy 3. Determine the issue price of a bond using compound 2 15 Easy interest techniques. 3 25 Mod 4. Show that you understand the effect on the balance 4 10 Mod sheet of issuance of bonds. 16* 15 Mod 17* 20 Mod 18* 20 Mod 5. Find the amortization of premium or discount 16* 15 Mod using effective interest method. 17* 20 Mod 18* 20 Mod 6. Find the gain or loss on retirement of bonds. 5 10 Mod 6 10 Mod 7. Determine whether a lease agreement must be 7 10 Mod reported as a liability on the balance sheet. 8 10 Mod 9 20 Mod 8. Explain how inventors use ratios to evaluate long-term liabilities. 9. Explain the effects that transactions involving long-term 10 5 Easy liabilities have on the statement of cash flows. 11 20 Mod 12 10 Mod 10. Explain deferred taxes and calculate the deferred tax liability. 13 5 Easy (Appendix) 14 10 Easy *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 10-1
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10-2 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Problems Estimated and Time in Learning Outcomes Alternates Minutes Level 1. Identify the components of the long-term liability 10* 20 Mod category of the balance sheet. 2. Define the important characteristics of bonds payable. 3. Determine the issue price of a bond using compound 1 15 Mod interest techniques. 4. Show that you understand the effect on the balance 9* 20 Mod sheet of issuance of bonds. 5. Find the amortization of premium or discount 2 25 Mod using effective interest method. 3 25 Mod 9* 20 Mod 6. Find the gain or loss on retirement of bonds. 4 15 Mod 9# 20 Mod 7. Determine whether a lease agreement must be 5 35 Diff reported as a liability on the balance sheet. 8. Explain how investors use ratios to evaluate long-term liabilities. 9. Explain the effects that transactions involving long-term liabilities have on the statement of cash flows. 10. Explain deferred taxes and calculate the deferred tax liability. 6 15 Mod (Appendix) 7 30 Diff 10* 20 Mod *Exercise, problem, or case covers two or more learning outcomes #Alternate problem only Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)
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CHAPTER 10 • LONG-TERM LIABILITIES 10-3 Estimated Time in Learning Outcomes Cases Minutes Level 1. Identify the components of the long-term liability 1* 40 Mod category of the balance sheet. 2* 40 Mod 4 25 Mod 2. Define the important characteristics of bonds payable. 3. Determine the issue price of a bond using compound interest techniques. 4. Show that you understand the effect on the balance 2* 40 Mod sheet of issuance of bonds.
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