Acct Hw Chap 4 Solutions
CHAPTER 4
Balance Sheet
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. Disclosure principles, uses of the balance sheet, financial flexibility. Classification of items in the balance sheet and other financial statements. Preparation of balance sheet; issues of format, terminology, and valuation. Subsequent events. Questions 1, 2, 3, 5, 6, 7, 10, 18, 21, 24, 25 11, 12, 13, 14, 15, 16, 18, 19 4, 7, 8, 9, 16, 17, 20, 23, 26 22 1 Brief Exercises Exercises Problems
2.
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11
1, 2, 3, 6, 7, 8, 9, 10 4, 5, 6, 7, 11, 12 13, 14 1, 2, 3, 4, 5 6
3.
4.
© 2008
For Instructor Use Only
4-1
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. Explain the uses and limitations of a balance sheet. Identify the major classifications of the balance sheet. Prepare a classified balance sheet using the report and account formats. Determine which balance sheet information requires supplemental disclosure. Describe the major disclosure techniques for the balance sheet. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 1, 2, 3, 4, 6, 8, 9 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 7, 10, 13, 14 Brief Exercises Exercises Problems 7 1, 2 1, 2, 3, 4, 5, 6, 7 3, 4, 6, 7
5.
© 2008
For Instructor Use Only
4-2
ASSIGNMENT CHARACTERISTICS TABLE
Item E4-1 E4-2 E4-3 E4-4 E4-5 E4-6 E4-7 E4-8 E4-9 E4-10 E4-11 E4-12 E4-13 E4-14 P4-1 P4-2 P4-3 P4-4 P4-5 P4-6 P4-7 Description Balance sheet classifications. Classification of balance sheet accounts. Classification of balance sheet accounts. Preparation of a classified balance sheet. Preparation of a corrected balance sheet. Corrections of a balance sheet. Current assets section of the balance sheet. Current vs. long-term liabilities. Current assets and current liabilities. Current liabilities. Balance sheet preparation. Preparation of a balance sheet. Post-balance-sheet events. Post-balance-sheet events. Preparation of a classified balance sheet—periodic inventory.
Balance Sheet
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. Disclosure principles, uses of the balance sheet, financial flexibility. Classification of items in the balance sheet and other financial statements. Preparation of balance sheet; issues of format, terminology, and valuation. Subsequent events. Questions 1, 2, 3, 5, 6, 7, 10, 18, 21, 24, 25 11, 12, 13, 14, 15, 16, 18, 19 4, 7, 8, 9, 16, 17, 20, 23, 26 22 1 Brief Exercises Exercises Problems
2.
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11
1, 2, 3, 6, 7, 8, 9, 10 4, 5, 6, 7, 11, 12 13, 14 1, 2, 3, 4, 5 6
3.
4.
© 2008
For Instructor Use Only
4-1
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. Explain the uses and limitations of a balance sheet. Identify the major classifications of the balance sheet. Prepare a classified balance sheet using the report and account formats. Determine which balance sheet information requires supplemental disclosure. Describe the major disclosure techniques for the balance sheet. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 1, 2, 3, 4, 6, 8, 9 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 7, 10, 13, 14 Brief Exercises Exercises Problems 7 1, 2 1, 2, 3, 4, 5, 6, 7 3, 4, 6, 7
5.
© 2008
For Instructor Use Only
4-2
ASSIGNMENT CHARACTERISTICS TABLE
Item E4-1 E4-2 E4-3 E4-4 E4-5 E4-6 E4-7 E4-8 E4-9 E4-10 E4-11 E4-12 E4-13 E4-14 P4-1 P4-2 P4-3 P4-4 P4-5 P4-6 P4-7 Description Balance sheet classifications. Classification of balance sheet accounts. Classification of balance sheet accounts. Preparation of a classified balance sheet. Preparation of a corrected balance sheet. Corrections of a balance sheet. Current assets section of the balance sheet. Current vs. long-term liabilities. Current assets and current liabilities. Current liabilities. Balance sheet preparation. Preparation of a balance sheet. Post-balance-sheet events. Post-balance-sheet events. Preparation of a classified balance sheet—periodic inventory.