Mod 1 Non-Financial + Current Liabilities

Ac t ivit y 1 2 non f inanc ial liabilit ies and

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Unformatted text preview: nc e. Ac t ivit y 1- 2: Non- F inanc ial Liabilit ies and Measurement s, Rec ording, and Report ing Introduction Part A of t his ac t ivit y provides an opport unit y t o underst and, def ine, measure, and c lassif y nonf inanc ial liabilit ies. Part B will reinf orc e your underst anding of c ont ingenc ies and ac c ount ing f or premiums. Part C will reinf orc e your knowledge of ac c ount ing f or asset ret irement obligat ions. Instructions Read and answer eac h part of t he problems prior t o looking at t he answer provided under Solut ions on your c ourse Home Page. Part A: Reading Read Chapt er 14, pages 851–873, f or measurement , rec ording, and report ing of t he non- f inanc ial liabilit ies. Part B: Accounting for Non- F inancial Liabilities 1. Complet e Exerc ise E13- 22 on page 887. 2. Complet e Exerc ise E13- 18 on page 885. Part C : Accounting for Asset Retirement Obligations https://blackboar d.tr u.ca/webct/ur w/lc5122001.tp0/cobaltM ainFr ame.dowebct 4/6 8/27/13 Blackboar d Lear ning System 1. Complet e Exerc ise E13- 13 on page...
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