KiesoIA_15e_SM_Ch21

CHAPTER 21
Accounting for Leases
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Brief
Exercises

Topics

Questions

*1.

Rationale for leasing.

1, 2, 4

*2.

Lessees; classification of leases; accounting by lessees. 3, 5, 7,
8, 14

*3.

Disclosure of leases.

19

*4.

Lessors; classification of leases; accounting by lessors. 5, 6, 9, 10,
11, 12, 13

6, 7, 8, 11

*5.

Residual values; bargainpurchase options; initial direct costs.

15, 16,
17, 18

*6.

Sale-leaseback.

20

Exercises

Problems

Concepts for Analysis
1, 2

1, 2, 3,
4, 5

1, 2, 3,
5, 7, 8,
11, 12,
13, 14

1, 2, 3, 4,
1, 2, 3,
6, 7, 8, 9,
4, 5, 6
11, 12, 14,
15, 16
2, 4, 5,
7, 8

2, 3, 5

4, 5, 6, 7,
9, 10, 12,
13, 14

1, 2, 3, 5,
10, 16

2, 4

9, 10

4, 8,
9, 10

6, 7, 10,
11, 13,
14, 15

5, 6

12

15, 16

7

*This material is dealt with in an Appendix to the chapter.

Copyright © 2013 John Wiley & Sons, Inc.

Kieso, Intermediate Accounting, 15/e, Solutions Manual

(For Instructor Use Only)

21-1

ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Questions
Learning Objectives

Brief
Exercises

Exercises

Problems Concepts for Analysis

1. Explain the nature, economic substance, and advantages of lease transactions. 1, 2

2. Describe the accounting criteria and procedures for capitalizing leases by the lessee.

3, 4, 5, 6

1, 2, 3, 4

1, 2, 3,
5, 11

1, 3, 4, 6,
7, 8, 9,
11, 12,
14, 15, 16

CA21-1,
CA21-2

3. Contrast the operating and capitalization methods of recording leases. 7, 8

5

5, 12,
13, 14

2, 15

CA21-3

4. Explain the advantages and economics of leasing to lessors and identify the classifications of leases for the lessor.

9

6, 7, 8

12, 13, 14

2, 10, 13,
16

CA21-4

5. Describe the lessor’s accounting for directfinancing leases.

10

6, 7

4, 10

5

6. Identify special features