Warren22e12_Final - CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS...

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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
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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 who contributes as- sets Easy 10 min Analytic FN-Measurement Ex12-14 12-3 Admitting new LLC member Moderate
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  • Spring '11
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  • Economics, Balance Sheet, ........., Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Ana

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