CHAPTER 12
Current Liabilities and Contingencies
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 14-1-839
,Codification Research Case (Continued)
Assignment Classification Table (By Topic)
Brief Critical
Topics Questions Exercises Exercises Problems Thinking
1. Concept of liabilities; 1, 2, 3, 1, 17 1, 2 1
definition and classification 4, 5, 28
of current liabilities.
2. Accounts and notes 6 1, 2, 3 2, 17 1, 2
payable; dividends payable.
3. Deposits and advance 11, 12, 13, 8, 9, 10, 8, 9, 17 6
payments, gift cards. 14 11
4. Collections for third parties. 10 4, 5 5, 6, 7, 17 3, 4
5. Compensated absences 7, 8, 9, 6, 7 3, 4, 17
and bonuses.
6. Contingent liabilities 15, 16, 17, 13, 17 10, 11, 13 3, 4, 5
(General). 18, 19
7. Guaranties and warranties. 20, 21 14, 15 10, 11, 17 5, 6, 7, 4, 5, 6
12, 13, 14
8. Premiums and awards 22, 23 16 12, 14, 17 8, 9, 12, 14
offered to customers.
9. Litigation, claims, and 24, 25 12, 13 10,
assessments. 11, 13
10. Presentation and analysis. 26, 27, 28 18, 19, 20 6, 9, 13 1, 2
11. Short-term obligations 29, 30, 31 17 15, 16 7
expected to be refinanced.
14-1-840 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
,
, Assignment Classification Table (By Learning Objective)
Critical
Learning Objectives Questions Brief Exercises Exercises Problems Thinking
1. Describe the 1, 2, 3, 4, 5, 1, 2, 3, 1, 2, 3, 4, 5, 6, 7 1, 2, 3, 4 1, 2
nature, 6, 7, 8, 9, 4, 5, 6, 7
valuation, and 103
reporting of
current liabilities
in the form of
payables.
2. Describe the
nature, 11, 12, 13, 8, 9, 10, 11 8, 9 2 1
valuation, and 14
reporting of
current liabilities
in the form of
unearned
revenues.
3. Explain the 15, 16, 17, 12, 13, 14, 15, 10, 11, 12, 13, 5, 6, 7, 8, 9, 3, 4, 5, 6
accounting for 18,19, 20, 16 14 10, 11, 12,
loss and loss 21, 22, 23, 13, 14
contingencies. 24, 25
4. Indicate how to 26, 27, 28, 17 15, 16, 17, 9 7
present and 29, 30, 31 18, 19, 20
analyze
liabilities and
contingencies.
14-1-840 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
Current Liabilities and Contingencies
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 14-1-839
,Codification Research Case (Continued)
Assignment Classification Table (By Topic)
Brief Critical
Topics Questions Exercises Exercises Problems Thinking
1. Concept of liabilities; 1, 2, 3, 1, 17 1, 2 1
definition and classification 4, 5, 28
of current liabilities.
2. Accounts and notes 6 1, 2, 3 2, 17 1, 2
payable; dividends payable.
3. Deposits and advance 11, 12, 13, 8, 9, 10, 8, 9, 17 6
payments, gift cards. 14 11
4. Collections for third parties. 10 4, 5 5, 6, 7, 17 3, 4
5. Compensated absences 7, 8, 9, 6, 7 3, 4, 17
and bonuses.
6. Contingent liabilities 15, 16, 17, 13, 17 10, 11, 13 3, 4, 5
(General). 18, 19
7. Guaranties and warranties. 20, 21 14, 15 10, 11, 17 5, 6, 7, 4, 5, 6
12, 13, 14
8. Premiums and awards 22, 23 16 12, 14, 17 8, 9, 12, 14
offered to customers.
9. Litigation, claims, and 24, 25 12, 13 10,
assessments. 11, 13
10. Presentation and analysis. 26, 27, 28 18, 19, 20 6, 9, 13 1, 2
11. Short-term obligations 29, 30, 31 17 15, 16 7
expected to be refinanced.
14-1-840 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
,
, Assignment Classification Table (By Learning Objective)
Critical
Learning Objectives Questions Brief Exercises Exercises Problems Thinking
1. Describe the 1, 2, 3, 4, 5, 1, 2, 3, 1, 2, 3, 4, 5, 6, 7 1, 2, 3, 4 1, 2
nature, 6, 7, 8, 9, 4, 5, 6, 7
valuation, and 103
reporting of
current liabilities
in the form of
payables.
2. Describe the
nature, 11, 12, 13, 8, 9, 10, 11 8, 9 2 1
valuation, and 14
reporting of
current liabilities
in the form of
unearned
revenues.
3. Explain the 15, 16, 17, 12, 13, 14, 15, 10, 11, 12, 13, 5, 6, 7, 8, 9, 3, 4, 5, 6
accounting for 18,19, 20, 16 14 10, 11, 12,
loss and loss 21, 22, 23, 13, 14
contingencies. 24, 25
4. Indicate how to 26, 27, 28, 17 15, 16, 17, 9 7
present and 29, 30, 31 18, 19, 20
analyze
liabilities and
contingencies.
14-1-840 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
