Warren22e12_Final

Warren22e12_Final - CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS...

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Unformatted text preview: CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES QUESTION INFORMATION Number Objective Description Difficulty Time AACSB AICPA SS GL EO12-1 12-1 Easy 5 min Analytic FN-Measurement EO12-2 12-1 Easy 5 min Analytic FN-Measurement EO12-3 12-1 Easy 5 min Analytic FN-Measurement EO12-4 12-1 Easy 5 min Analytic FN-Measurement EO12-5 12-1 Easy 5 min Analytic FN-Measurement EO12-6 12-2 Easy 5 min Analytic FN-Measurement EO12-7 12-3 Easy 5 min Analytic FN-Measurement EO12-8 12-3 Easy 5 min Analytic FN-Measurement EO12-9 12-3 Easy 5 min Analytic FN-Measurement EO12-10 12-3 Easy 5 min Analytic FN-Measurement EO12-11 12-3 Easy 5 min Analytic FN-Measurement EO12-12 12-3 Easy 5 min Analytic FN-Measurement EO12-13 12-3 Easy 5 min Analytic FN-Measurement EO12-14 12-4 Easy 5 min Analytic FN-Measurement EO12-15 12-5 Easy 5 min Analytic FN-Measurement PE12-1A 12-2 Journalize partner's original investment Easy 5 min Analytic FN-Measurement PE12-1B 12-2 Journalize partner's original investment Easy 5 min Analytic FN-Measurement PE12-2A 12-2 Dividing partnership net income Easy 5 min Analytic FN-Measurement PE12-2B 12-2 Dividing partnership net loss Easy 5 min Analytic FN-Measurement PE12-3A 12-3 Revalue assets and contribute assets to a partnership Easy 5 min Analytic FN-Measurement PE12-3B 12-3 Revalue assets and contribute assets to a partnership Easy 5 min Analytic FN-Measurement PE12-4A 12-3 Partner bonus Easy 5 min Analytic FN-Measurement PE12-4B 12-3 Partner bonus Easy 5 min Analytic FN-Measurement PE12-5A 12-4 Liquidating partner- ships-gain Easy 5 min Analytic FN-Measurement PE12-5B 12-4 Liquidating partner- ships-gain Easy 5 min Analytic FN-Measurement PE12-6A 12-4 Liquidating partner- ships-deficiency Easy 5 min Analytic FN-Measurement PE12-6B 12-4 Liquidating partner- ships-deficiency Easy 5 min Analytic FN-Measurement Ex12-1 12-2 Record partner's ori- ginal investment Easy 10 min Analytic FN-Measurement Ex12-2 12-2 Record partner's ori- ginal investment Easy 10 min Analytic FN-Measurement Ex12-3 12-2 Dividing partnership income Easy 15 min Analytic FN-Measurement Ex12-4 12-2 Dividing partnership income Easy 15 min Analytic FN-Measurement Ex12-5 12-2 Dividing partnership net loss Easy 5 min Analytic FN-Measurement 167 167 Number Objective Description Difficulty Time AACSB AICPA SS GL Ex12-6 12-2 Negotiating income- sharing ratio Moderate 10 min Analytic FN-Measurement Ex12-7 12-2 Dividing LLC income Easy 10 min Analytic FN-Measurement Ex12-8 12-2, 12-5 Dividing LLC net in- come and statement of member's equity Moderate 15 min Analytic FN-Measurement Ex12-9 12-2, 12-3 Partner income and withdrawal journal entries Moderate 15 min Analytic FN-Measurement Ex12-10 12-3 Admitting new part- ners Easy 5 min Analytic FN-Measurement Ex12-11 12-3 Admitting new part- ners Moderate 15 min Analytic FN-Measurement Ex12-12 12-3 Admitting new part- ners who buy an in- terest and contribute assets Easy 10 min Analytic FN-Measurement Ex12-13 12-3 Admitting new partner...
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Warren22e12_Final - CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS...

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