ACCT 0301311 Intermediate Accounting I

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Abu Dhabi University (جامعة أبو ظبي)
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Mostafa

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3 pages
- Chapter 2 Sol
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- Chapter 2 EXERCISE 2-1 (a) Feedback Value. (b) Cost/Benefit and Materiality. (c) Neutrality. (d) Consistency. (e) Neutrality. EXERCISE 2-2 (a) Comparability. (b) Feedback Value. (c) Consistency. (d) Neutrality. (e) Verifiability. (f) (g) (h) (i) (j) Relev
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Chapter 2 Sol
31 pages
- ch11
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 11 DEPRECIATION, IMPAIRMENTS, AND DEPLETION TRUE-FALSEConceptual Answer T F T T F F T F F T T F T F T T F T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20 Description Nature of depreciation. Nature of depreciation. D
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ch11
35 pages
- ch14
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 14 LONG-TERM LIABILITIES TRUE-FALSEConceptual Answer T F T F F T F F F T T F T T T T F F F F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. *19. *20. Description Bond interest payments. Debenture bonds. Definition of serial bon
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ch14
38 pages
- ch09
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 9 INVENTORIES: ADDITIONAL VALUATION ISSUES TRUE-FALSEConceptual Answer T F F T F T T F F T F T F T F F T F T T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20 Description When to use lower-of-cost-or-market. Lower-of-cost
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ch09
37 pages
- ch13
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES TRUE-FALSEConceptual Answer F F T T F F T F T F T F T F T T F F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Zero-interest-bearing note payable. Dividends in ar
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ch13
44 pages
- ch16
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 16 DILUTIVE SECURITIES AND EARNINGS PER SHARE TRUE-FALSEDilutive SecuritiesConceptual Answer T F T F F T F T F T F F T F T F T. F. T F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Accounting for convertibl
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ch16
37 pages
- ch17
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 17 INVESTMENTS TRUE-FALSEConceptual Answer F T F F T F T F T T F T F T F T F T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Examples of debt securities. Definition of trading securities. Available-for-
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ch17
40 pages
- ch15
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 15 STOCKHOLDERS EQUITY TRUE-FALSEConceptual Answer T F T F T F T F F T F T T F F T T F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description State a corporation incorporates in. Definition of preemptive right.
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ch15
47 pages
- ch20
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 20 ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITS TRUE-FALSEConceptual Answer F T F T T F F T F T F F T F T F F T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Funded pension plan. Qualified pensio
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ch20
36 pages
- ch21
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 21 ACCOUNTING FOR LEASES TRUE-FALSEConceptual Answer T F F T F F T F F T F F T F T F T F T T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Benefits of leasing. Accounting for long-term leases. Classifying l
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ch21
35 pages
- ch19
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 19 ACCOUNTING FOR INCOME TAXES TRUE-FALSEConceptual Answer F F T T F T F T F T F T T F F T T T F F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Taxable income. Use of pretax financial income. Taxable amoun
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ch19
42 pages
- ch18
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 18 REVENUE RECOGNITION TRUE-FALSEConceptual Answer F T T F T F T T F F T F F T F F T T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Recognition of revenue. Realization of revenue. Delayed recognition o
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ch18
50 pages
- ch23
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 23 STATEMENT OF CASH FLOWS TRUE-FALSEConceptual Answer F T T F T F T F T F T F F T F F T T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Primary purpose of the statement of cash flows. Information provi
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ch23
31 pages
- ch22
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 22 ACCOUNTING CHANGES AND ERROR ANALYSIS TRUE-FALSEConceptual Answer F T F T F T T T F T F F T F T T F F T T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Change in accounting estimate. Errors in financial
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ch22
47 pages
- ch04
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 4 INCOME STATEMENT AND RELATED INFORMATION IFRS questions are available at the end of this chapter. TRUE-FALSEConceptual Answer T F F T T T F F T F T F F T F F T F F T No. Description 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.
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ch04
41 pages
- ch10
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 10 ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT TRUE-FALSEConceptual Answer F T F T F T F F F T T T T F F T T F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20 Description Nature of property, plant, a
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ch10
28 pages
- ch12
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 12 INTANGIBLE ASSETS TRUE-FALSEConceptual Answer F F F F T T T F T T T F T T F F T F T F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Characteristics of intangible assets. Internally created intangibles. R
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ch12
39 pages
- ch08
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 8 VALUATION OF INVENTORIES: A COST-BASIS APPROACH TRUE-FALSEConceptual Answer T F F F T T F T F T T F F T T F F T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Work-in-process inventory. Merchandising a
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ch08
9 pages
- Chapter 3 Sol
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- Chp 3 EXERCISE 3-1 Apr. 2 Cash. Equipment. Beverly Crusher, Capital. No entry-not a transaction. Supplies. Accounts Payable. Rent Expense. Cash. Accounts Receivable. Service Revenue. Cash. Unearned Service Revenue. Cash. Service Revenue. Insurance Expense
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Chapter 3 Sol
22 pages
- Chapter 4 IS and RE statement Soll
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- Chapter 04 BRIEF EXERCISE 4-1 Tim Allen Co. Income Statement For the Year 2007 Revenues Sales $540,000 Expenses Cost of goods sold. Wage expense. Other operating expenses. Income tax expense. Total expenses. $320,000 120,000 10,000 25,000 475,000 Net inco
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Chapter 4 IS and RE statement Soll
14 pages
- Chapter 5 BS and CF Statement soll
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- Chapter 05 EXERCISE 5-5 Uhura Company Balance Sheet December 31, 2007 Assets Current assets Cash. Trading securities-at fair value. Accounts receivable. Less: Allowance for doubtful accounts. Inventories, at lower of average cost or market. Prepaid expens
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Chapter 5 BS and CF Statement soll
5 pages
- Chapter 7 Cash and Receivables Soll
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- CHAPTER 7 Cash and Receivables *PROBLEM 7-13 (a) Jose Orozco Co. Bank Reconciliation June 30, 2007 $4,150.00 2,890.00 (2,136.05) $4,903.95 $3,969.85 $ 30.00 523.80 936.00 453.20 72.00 30.50 Balance per bank, June 30 Add: Deposits in transit Deduct: Outsta
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Chapter 7 Cash and Receivables Soll
3 pages
- Chapter 7 Notes Receivables Soll
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- EXERCISE 7-18 (1015 minutes) 1. 7/1/07 Notes Receivable. 1,101,460.00 Discount on Notes Receivable. . Land. Gain on Sale of Land. ($700,000 $590,000) 401,460.00 590,000.00 110,000.00 Computation of the discount $1,101,460 Face value of note .63552 Present
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Chapter 7 Notes Receivables Soll
6 pages
- Chapter 9 inventories Soll
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- EXERCISE 9-2 (1015 minutes) Net Realizable Value Less Normal Profit (Floor) $70* 60 45 45 60 40 Item D E F G H I Net Realizable Value (Ceiling) $90* 80 65 65 80 60 Replacement Cost $120 72 70 30 70 30 Designated Market $90 72 65 45 70 40 Cost $75 80 80 80
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Chapter 9 inventories Soll
9 pages
- Chapter 10 PPE soll Revised
- Abu Dhabi University
- Intermediate Accounting I
- ACCT 0301311 - Spring 2009
- EXERCISE 10-6 1. Land . Buildings. Equipment. Cash. $700,000 X $150,000 $800,000 $350,000 $800,000 $300,000 $800,000 = $131,250 Land 131,250 306,250 262,500 700,000 $700,000 X = $306,250 Buildings $700,000 X EXERCISE 10-6 (Continued) 3. = $262,500 Equipme
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Chapter 10 PPE soll Revised
34 pages
- ch04
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 4 INCOME STATEMENT AND RELATED INFORMATION TRUE-FALSEConceptual Answer T F F T T T F F T F T F F T F F T F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Usefulness of the income statement. Limitations o
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ch04
24 pages
- ch02
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING TRUE-FALSEConceptual Answer F T F T F T F T T F F F T T F F T T F F No. 1. 2. 3. 4 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Nature of conceptual framework. Concep
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ch02
14 pages
- ch01
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS TRUE-FALSEConceptual Answer F T T T F F F F T T F F T T F T F T T F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Definition of financial accounting. Purpose
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ch01
33 pages
- ch05
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 5 BALANCE SHEET AND STATEMENT OF CASH FLOWS TRUE-FALSEConceptual Answer F T T T F F T F F T F F F F T T T F T F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Liquidity and solvency. Limitations of the balan
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ch05
29 pages
- ch06
- Abu Dhabi University
- INTERMEDIATE ACCOUNTING I
- ACCT 0301311 - Spring 2015
- CHAPTER 6 ACCOUNTING AND THE TIME VALUE OF MONEY TRUE-FALSEConceptual Answer F T F T T F F T T T F F F T T T F T F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Time value of money. Definition of interest expense
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ch06