Accounting 291

CHAPTER 11

Current Liabilities

ASSIGNMENT CLASSIFICATION TABLE

| | |Brief Exercises | |Problems |Problems |
|Study Objectives |Questions | |Exercises |Set A |Set B |
|Explain a current liability and distinguish between the major types of|1 |1, 2 |8 |1 |1 |
|current liabilities. | | | | | |
|Explain the accounting, and prepare the journal entries, for |2, 3, 4, 5, 6, 7 |3, 4, 5 |1, 2, 3, 4 |2, 3 |2, 3 |
|definitely determinable liabilities. | | | | | |
|Explain the accounting, and prepare the journal entries, for estimated|8, 9, 10 |6, 7 |5, 6 |1, 3, 4 |1, 4 |
|liabilities. | | | | | |
|Describe the accounting and disclosure requirements for contingent |10, 11, 12 |8 |7 |1, 5 |1, 5 |
|liabilities and prepare the necessary journal entries. | | | | | |
|Explain and illustrate the financial statement presentation of current|13, 14 |9 |8, 9, 10 |1, 2, 3 |1, 2, 3 |
|liabilities. | | | |