1 Environment And Theoretical Structure Of Financial Accounting 2 Review Of The Accounting Process 3 The Balance Sheet And Financial Disclosures 4 The Income Statement, Comprehensive Income, And The Statement Of Cash Flows 5 Revenue Recognition 6 Time Value Of Money Concepts 7 Cash And Receivables 8 Inventories: Measurement 9 Inventories: Additional Issues 10 Property, Plant, And Equipment And Intangible Assets: Acquisition 11 Property, Plant, And Equipment And Intangible Assets: Utilization And Disposition 12 Investments 13 Current Liabilities And Contingencies 14 Bonds And Long-Term Notes 15 Leases 16 Accounting For Income Taxes 17 Pension And Other Postretirement Benefit Plans 18 Shareholders' Equity 19 Share-Based Compensation And Earnings Per Share 20 Accounting Changes And Error Corrections 21 Statement Of Cash Flows Revisited A Appendix: Derivatives expand_more
Chapter Questions expand_more
Problem 12.1Q: All investments in debt securities are classified for reporting purposes in one of three categories,... Problem 12.2Q: When market rates of interest rise after a fixed-rate security is purchased, the value of the... Problem 12.3Q: Does GAAP distinguish between fair values that are readily determinable from current market prices... Problem 12.4Q: When a debt investment is acquired to be held for an unspecified period of time as opposed to being... Problem 12.5Q Problem 12.6Q: What is comprehensive income? Its composition varies from company to company but may include which... Problem 12.7Q: Why are holding gains and losses treated differently for trading securities and securities... Problem 12.8Q Problem 12.9Q Problem 12.10Q Problem 12.11Q: Under IFRS No. 9, which reporting categories are used to account for equity investments when the... Problem 12.12Q Problem 12.13Q: Do U.S. GAAP and IFRS differ in the amount of flexibility that companies have in electing the fair... Problem 12.14Q: Under what circumstances is the equity method used to account for an investment in stock? Problem 12.15Q: The equity method has been referred to as a one-line consolidation. What might prompt this... Problem 12.16Q: In the application of the equity method, how should dividends from the investee be accounted for?... Problem 12.17Q Problem 12.18Q Problem 12.19Q Problem 12.20Q: How does IFRS differ from U.S. GAAP with respect to using the equity method? Problem 12.21Q: What is the effect of a company electing the fair value option with respect to an investment that... Problem 12.22Q: Define a financial instrument. Provide three examples of current liabilities that represent... Problem 12.23Q: Some financial instruments are called derivatives. Why? Problem 12.24Q: (Based on Appendix 12A) Northwest Carburetor Company established a fund in 2015 to accumulate money... Problem 12.25Q Problem 12.26Q Problem 12.27Q: (Based on Appendix 12B) Reporting an investment at its fair value requires adjusting its carrying... Problem 12.28Q Problem 12.29Q: Explain how the CECL model (introduced in ASU No. 2016-13 and required in 2020) differs from current... Problem 12.30Q Problem 12.1BE Problem 12.2BE Problem 12.3BE: Trading securities LO12-3 For the Coca-Cola bonds described in BE 12-2, prepare journal entries to... Problem 12.4BE: Available -for-sale securities LO12-4 SL Financial buys and sells securities which it classifies as... Problem 12.5BE: Available -for-sale securities LO12-4 For the Coca-Cola bonds described in BE 12-4, prepare journal... Problem 12.6BE Problem 12.7BE Problem 12.8BE Problem 12.9BE Problem 12.10BE Problem 12.11BE: Equity investments and dividends LO12-5 Turner Company owns 10% of the outstanding stock of ICA... Problem 12.12BE Problem 12.13BE Problem 12.14BE: Equity method investments LO12-6, LO12-9 Kim Company bought 30% of the shares of Phelps, Inc., at... Problem 12.15BE: Change in principle; change to the equity method LO12-7 At the beginning of 2018, Pioneer Products... Problem 12.16BE: Fair value option; equity method investments LO12-8 Turner Company purchased 40% of the outstanding... Problem 12.17BE Problem 12.18BE: Impairments (AFS Credit Loss Model) (Appendix 12B) LO12-4, LO12-8 Answer BE 12-17 under the... Problem 12.19BE Problem 12.20BE Problem 12.1E Problem 12.2E Problem 12.3E: Securities held-to-maturity LO12-1 FFT Corporation is a confectionery wholesaler that frequently... Problem 12.4E Problem 12.5E Problem 12.6E: Trading securities LO12-1 [This is a variation of E 122 focusing on trading securities.] Mills... Problem 12.7E: Various transactions relating to trading securities LO12-1, LO12-3 Rantzow-Lear Company buys and... Problem 12.8E Problem 12.9E: Securities available-for-sale; adjusting entries LO12-4 Loreal-American Corporation purchased... Problem 12.10E: Available -for-sale securities LO12-1, LO12-4 [This is a variation of E 121 focusing on... Problem 12.11E: Available -for-sale securities LO12-1, LO12-4 [This is a variation of E 122 focusing on... Problem 12.12E: Available -for-sale securities LO12-1, LO12-4 Colah Company purchased 1 million of Jackson, Inc.,... Problem 12.13E: Classification of securities; adjusting entries LO12-4 On February 18, 2018, Union Corporation... Problem 12.14E Problem 12.15E: Equity investments; fair value through net income LO12-4 On March 31, 2018, Chow Brothers, Inc.,... Problem 12.16E: Equity investments; fair value through net income LO12-4 On January 2, 2018, Sanborn Tobacco Inc.... Problem 12.17E Problem 12.18E: Equity investments; fair value through net income LO12-4 The investments of Harlon Enterprises... Problem 12.19E: Investment securities and equity method investments compared LO12-5, LO12-6 As a long-term... Problem 12.20E: Equity method; purchase; investee income; dividends LO12-6 As a long-term investment at the... Problem 12.21E: Error corrections; equity method investment LO12-6, LO12-7 On December 12, 2018, an equity... Problem 12.22E Problem 12.23E Problem 12.24E Problem 12.25E Problem 12.26E Problem 12.27E Problem 12.28E Problem 12.29E Problem 12.30E Problem 12.31E Problem 12.32E Problem 12.33E: Accounting for impairments under IFRS (Appendix 12B) LO12-2, LO12-8, LO12-9 Rell Corporation... Problem 12.1P Problem 12.2P Problem 12.3P: Securities available-for-sale; bond investment; effective interest LO 12-1, LO12-4 (Note: This... Problem 12.4P Problem 12.5P: Various transactions related to trading securities LO12-1, LO12-3 The following selected... Problem 12.6P: Various transactions related to securities available-for-sale LO12-1, LO12-4 The following selected... Problem 12.7P Problem 12.8P: Various transactions relating to trading securities and equity investments LO12-1, LO12-3, LO12-5... Problem 12.9P: Securities held-to-maturity; securities available for sale; trading securities and equity... Problem 12.10P: Investment securities and equity method investments compared LO12-6, LO12-7 On January 4, 2018,... Problem 12.11P Problem 12.12P Problem 12.13P Problem 12.14P: Equity method LO12-6, LO12-7 On January 2, 2018, Miller Properties paid 19 million for 1 million... Problem 12.15P Problem 12.16P Problem 12.17P: Accounting for debt and equity investments LO12-1, LO12-4, LO12-5, LO12-9 Feherty, Inc., accounts... Problem 12.18P Problem 12.1BYP: Real World Case 121 Intels investments LO12-4 The following disclosure note appeared in the... Problem 12.2BYP Problem 12.4BYP Problem 12.6BYP Problem 12.7BYP: Real World Case 127 Comprehensive income Microsoft LO12-4 Microsofts 2015 10-K includes the... Problem 1CCTC: Continuing Cases Target Case LO12-4, LO12-6 Target Corporation prepares its financial statements... format_list_bulleted
Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENT
Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning