Complete Solutions Manual — Intermediate Accounting, Volume 2, 8th Edition — Thomas H. Beechy — ISBN 9781260881240 — (All Chapters Covered 12–22, Solutions Included)

Intermediate Accounting
Volume 2 8th Edition
ST


SOLUTIONS
UV
IA


MANUAL
_A
PP

Thomas H. Beechy
RO

Joan E. Conrod
Elizabeth Farrell
────────────────────────────────────────────────────
VE

Comprehensive Solutions Manual for Instructors
and Students
D?

© Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla
Tomulka & Romi-Lee Sevel. All rights reserved. Reproduction or distribution without
?
permission is prohibited.




© Successhands

, Solutions Manual for Intermediate Accounting, Volume 2 (8th Edition)
Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick,
Kayla Tomulka & Romi-Lee Sevel
ISBN: 9781260881240
ST

VOLUME 2: ADVANCED FINANCIAL ACCOUNTING TOPICS
12. Financial Liabilities and Provisions
UV

13. Financial Instruments: Long-Term Debt
14. Shareholders' Equity
15. Financial Instruments: Complex Debt and Equity
16. Corporate Income Tax
IA

17. Tax Losses
18. Leases
19. Post-Employment Benefits
_A

20. Earnings per Share
21. Accounting Changes
22. Financial Statement Analysis
PP
RO
VE
D?
?


© Successhands

, Solution Manual for
Intermediate Accounting Volume 2 8 th Edition Thomas H. Beechy, Joan E.
Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
SMT
Chapter 12-22

Chapter 12: Financial Liabilities and Provisions
UEDV
Case 12-1 Winter Fun Incorporated
12-2 Prescriptions Depot Limited
12-3 Camani Corporation
Suggested Time
Technical Review
ICAO
TR12-1 Financial liabilities and provisions (IFRS) ...... 10
TR12-2 Financial liabilities and provisions (ASPE) ..... 10
TR12-3 Provision, measurement ................................... 10
_NA
TR12-4 Guarantee ......................................................... 10
TR12-5 Provision, warranty .......................................... 5
TR12-6 Foreign currency .............................................. 5
TR12-7 Note payable .................................................... 5
TR12-8 Discounting, note payable ................................ 10
PNPO
TR12-9 Discounting, provision ..................................... 10
TR12-10 Classification, liabilities................................... 10

Assignment A12-1 Financial versus non-financial liabilities……. 10
A12-2 Common financial liabilities………………… 10
RISO
A12-3 Common financial liabilities ............................ 10
A12-4 Common financial liabilities: taxes ................. 20
A12-5 Common financial liabilities: taxes ................ 20
A12-6 Foreign currency payables……………………. 10
A12-7 Foreign currency payables ............................... 10
SVE
A12-8 Common financial liabilities and foreign currency 25
A12-9 Provisions......................................................... 20
A12-10 Provisions ........................................................ 20
EDU
A12-11 Provisions......................................................... 20
A12-12 Provision measurement .................................... 15
A12-13 Provision measurement .................................... 15
A12-14 Provisions; compensated absences…………... 15
A12-15 Provisions; compensated absences .................. 15
?R?
A12-16 Provisions; warranty ........................................ 15
A12-17 Provisions; warranty ....................................... 20
A12-18 Provisions; warranty ....................................... 25
A12-19 Discounting; no-interest note ........................... 15
A12-20 Discounting; low-interest note ........................ 20

© 2022 McGraw Hill Ltd. All rights reserved.
Solutions Manual to accompany Intermediate Accounting, Volume 2, 8th edition 14-1

, A12-21 Discounting; low-interest note ......................... 20
A12-22 Discounting; provision ..................................... 15
A12-23 Discounting; provision ..................................... 25
A12-24 Discounting; provision ..................................... 25
SMT
A12-25 Classification and SCF..................................... 20
A12-26 SCF .................................................................. 20
A12-27 Liabilities – IFRS and ASPE .......................... 10
A12-28 Liabilities - ASPE ........................................... 20
A12-29 Liabilities - ASPE ............................................ 20
UEDV
A12-30 Provisions/Contingencies – IFRS and ASPE…. 20
A12-31 DAIS – warranty provision trend……………... 15
A12-32 DAIS – provision for coupon refund………… 15
ICAO
Cases
_NA
Case 12-1 (LO12.3, LO12.5, LO12.6)
Winter Fun Incorporated

To: Members of Board of Directors
From: Accounting Consultant
PNPO
RE: Winter Fun Incorporated

Overview

Winter Fun Incorporated (WFI) uses IFRS for financial reporting. The bank loan has a
RISO
minimum current ratio so you will need to be careful and watch for any impacts on the
ratio. You have had a tough year this year and faced a loss so the bank financing is critical
to your operations.

Issues
SVE

1. Revenue recognition memberships
2. Revenue recognition guests
EDU
3. Special promotions
4. Coupons
5. Manufacturer Loan
6. Lawsuit
7. Warranty
?R?
8. Gasoline storage tanks
9. Foreign currency payables
10. Compensated absences


© 2022 McGraw Hill Ltd. All rights reserved.
Solutions Manual to accompany Intermediate Accounting, Volume 2, 8th edition 14-2