Intermediate Accounting (11th Edition) – David Spiceland & Mark Nelson | Complete Solution Manual (Chapters 1–21 & Appendix A)

01234565814961 9416525 6519 6 661 
0365hf1254
6 g515648696951
19 6 
<
=95>61?
@ABCBDACE<CDDFGBHABI<AJ<DFBDKLBKM<NAHO<PLFQAMABI<LKEKQCBH<RABCBDACE<ABRFLSCHAFB<
CTFGH<QCLAFGJ<UABMJ<FR<FLICBAVCHAFBJ<HF<MARRKLKBH<HWPKJ<FR<KXHKLBCE<GJKLJY<<ZOK<PLASCLW<
RFDGJ<FR<RABCBDACE<CDDFGBHABI<AJ<FB<HOK<RABCBDACE<ABRFLSCHAFB<PLFQAMKM<TW<PLFRAH[
FLAKBHKM<DFSPCBAKJ<HF<HOKAL<PLKJKBH<CBM<PFHKBHACE<ABQKJHFLJ<CBM<DLKMAHFLJY<
=95>61?\
]KJFGLDKJ<CLK<KRRADAKBHEW<CEEFDCHKM<AR<HOKW<CLK<IAQKB<HF<KBHKLPLAJKJ<HOCH<NAEE<GJK<
HOKS<HF<PLFQAMK<IFFMJ<CBM<JKLQADKJ<MKJALKM<TW<JFDAKHW<CBM<BFH<HF<KBHKLPLAJKJ<HOCH<NAEE<
NCJHK<HOKSY<<ZOK<DCPAHCE<SCLUKHJ<CLK<HOK<SKDOCBAJS<HOCH<RFJHKLJ<HOAJ<KRRADAKBH<
CEEFDCHAFB<FR<LKJFGLDKJY<
=95>61?^
ZNF<KXHLKSKEW<ASPFLHCBH<QCLACTEKJ<HOCH<SGJH<TK<DFBJAMKLKM<AB<CBW<ABQKJHSKBH<
MKDAJAFB<CLK<HOK<KXPKDHKM<LCHK<FR<LKHGLB<CBM<HOK<GBDKLHCABHW<FL<LAJU<FR<HOCH<KXPKDHKM<
LKHGLBY<
=95>61?_
`B<HOK<EFBI<LGBa<C<DFSPCBW<NAEE<TK<CTEK<HF<PLFQAMK<ABQKJHFLJ<CBM<DLKMAHFLJ<NAHO<C<
LCHK<FR<LKHGLB<FBEW<AR<AH<DCB<IKBKLCHK<C<PLFRAHY<<ZOCH<AJa<AH<SGJH<TK<CTEK<HF<GJK<HOK<
LKJFGLDKJ<PLFQAMKM<HF<AH<HF<IKBKLCHK<DCJO<LKDKAPHJ<RLFS<JKEEABI<C<PLFMGDH<FL<JKLQADK<HOCH<
KXDKKM<HOK<DCJO<MAJTGLJKSKBHJ<BKDKJJCLW<HF<PLFQAMK<HOCH<PLFMGDH<FL<JKLQADKY<
=95>61?b
ZOK<PLASCLW<FTcKDHAQK<FR<RABCBDACE<CDDFGBHABI<AJ<HF<PLFQAMK<ABQKJHFLJ<CBM<
DLKMAHFLJ<NAHO<ABRFLSCHAFB<HOCH<NAEE<OKEP<HOKS<SCUK<ABQKJHSKBH<CBM<DLKMAH<MKDAJAFBJY<
=95>61?d
eKH<FPKLCHABI<DCJO<REFNJ<CLK<HOK<MARRKLKBDK<TKHNKKB<DCJO<LKDKAPHJ<CBM<DCJO<
MAJTGLJKSKBHJ<MGLABI<C<PKLAFM<FR<HASK<RLFS<HLCBJCDHAFBJ<LKECHKM<HF<PLFQAMABI<IFFMJ<
CBM<JKLQADKJ<HF<DGJHFSKLJY<<eKH<FPKLCHABI<DCJO<REFNJ<SCW<BFH<TK<C<IFFM<ABMADCHFL<FR<
RGHGLK<DCJO<REFNJ<TKDCGJKa<TW<AIBFLABI<GBDFSPEKHKM<HLCBJCDHAFBJa<HOKW<SCW<BFH<SCHDO<
HOK<CDDFSPEAJOSKBHJ<CBM<JCDLARADKJ<FR<HOK<PKLAFMY<




!"#
#$!%&#'
()!*! ! *+,!
-!"./)#0!1
!22%3!4!)
5&
!)(()6(73!8!)(')7
.

!)!7

)
9


!0

&

!
&(!')
)!0)


(!.(
!:!"./)#0!1
!22%3;

,%&
5
'() *'
+,-+
./)',
0-&'
+1
2-&,
0&/)
34+
6789:;<=>?@A>
BCCD5EFGHGIJKKL5JMMGNOGP5JMMQRHOSHF5NISHMSNKGTU5JIG5J5PLHJVSM5TGO5QW5XQOY5
XIQJP5JHP5TNGMSWSM5FRSPGKSHGT5OYJO5J5MQVNJHL5TYQRKP5WQKKQZ5SH5VGJTRISHF5JHP5
IGNQIOSHF5OYG5SHWQIVJOSQH5SH5OYGSI5WSHJHMSJK5TOJOGVGHOT5JHP5IGKJOGP5HQOGT[55\O5ST5
SVNQIOJHO5OYJO5JKK5MQVNJHSGT5WQKKQZ5BCCD5TQ5OYJO5SH]GTOQIT5MJH5MQVNJIG5WSHJHMSJK5
SHWQIVJOSQH5JMIQTT5MQVNJHSGT5OQ5VJ^G5OYGSI5IGTQRIMG5JKKQMJOSQH5PGMSTSQHT[5
6789:;<=>?@_>
\H5`abcd5eQHFIGTT5MIGJOGP5OYG5fge5JHP5FJ]G5SO5OYG5hQX5QW5TGOOSHF5JMMQRHOSHF5JHP5
IGNQIOSHF5TOJHPJIPT5WQI5MQVNJHSGT5ZYQTG5TGMRISOSGT5JIG5NRXKSMKL5OIJPGP[55iYG5fge5YJT5
IGOJSHGP5OYG5NQZGId5XRO5YJT5IGKSGP5QH5NIS]JOG5TGMOQI5XQPSGT5OQ5MIGJOG5OYG5TOJHPJIPT[55iYG5
MRIIGHO5NIS]JOG5TGMOQI5XQPL5IGTNQHTSXKG5WQI5TGOOSHF5JMMQRHOSHF5TOJHPJIPT5ST5OYG5jCfk[5
6789:;<=>?@l>
CRPSOQIT5JIG5SHPGNGHPGHOd5NIQWGTTSQHJK5JMMQRHOJHOT5ZYQ5GmJVSHG5WSHJHMSJK5
TOJOGVGHOT5OQ5GmNIGTT5JH5QNSHSQH[55iYG5QNSHSQH5IGWKGMOT5OYG5JRnopqrstuvsswssxwypuqzup{wu
TOJOGVGHOT|5WJSIHGTTd5ZYSMY5ST5PGOGIVSHGP5XL5OYG5GmOGHO5OQ5ZYSMY5OYGL5JIG5NIGNJIGP5SH5
MQVNKSJHMG5ZSOY5BCCD[55iYG5JRPSOQI5JPPT5MIGPSXSKSOL5OQ5OYG5WSHJHMSJK5TOJOGVGHOTd5
ZYSMY5SHMIGJTGT5OYG5MQHWSPGHMG5QW5MJNSOJK5VJI^GO5NJIOSMSNJHOT5IGKLSHF5QH5OYJO5
SHWQIVJOSQH[5




010  34567869 56 4546
 7
7
5
76
6769
76!795479
57"545
55
6!77755644
645# 7
$

,01234565814961 9416525 6519 6 661 
<=
L
>?@A
>BC
DBEF@
>CG
D=>
BH
ID=C
G=F@
JKB
M95N61OP
QRSLTUVWXYXVZYLXZ[\]^R^LXZL_`RL_Ra_LbURcL
defURb_XVZLVgL_`RLh]i\X[LfVjTbZSLk[[V]Z_XZlLmWRUYXl`_LnVbU^L
deoRl]\b_RL_STRYLVgLZVZpb]^X_Lb]^X_LYRUWX[RYL
deoRq]XURL\Rb^Lb]^X_LTbU_ZRULUV_b_XVZLRWRUSLrLSRbUL
defVUTVUb_RLRaR[]_XWRLb[[V]Z_biX\X_SL
dek^^URYYRYL[VZg\X[_YLVgLXZ_RURY_LgVULYR[]UX_SLbZb\SY_YL
desZ_RUZb\L[VZ_UV\LURTVU_XZlLbZ^Lb]^X_VULVTXZXVZLbiV]_L[VZ_UV\YL
M95N61O
tRuLb[[V]Z_XZlLY_bZ^bU^YvLVUL[`bZlRYLXZLY_bZ^bU^YvL[bZL`bWRLYXlZXgX[bZ_L
^XggRURZ_Xb\LRggR[_YLVZL[VjTbZXRYvLXZWRY_VUYLbZ^L[UR^X_VUYvLbZ^LV_`RULXZ_RURY_LlUV]TYLiSL
[b]YXZlLUR^XY_UXi]_XVZLVgLuRb\_`wLLx`RURLb\YVLXYL_`RLTVYYXiX\X_SL_`b_LY_bZ^bU^YL[V]\^L
`bUjL_`RLR[VZVjSLbYLbLu`V\RLiSL[b]YXZlL[VjTbZXRYL_VL[`bZlRL_`RXULiR`bWXVUwL
M95N61Oy
x`RLzk{nL]Z^RU_b|RYLbLYRUXRYLVgLR\biVUb_RLXZgVUjb_XVZLlb_`RUXZlLY_RTYLiRgVURL
XYY]XZlLbZLb[[V]Z_XZlLY_bZ^bU^L_VL^R_RUjXZRL[VZYRZY]YLbYL_VL_`RLTURgRUUR^LjR_`V^LVgL
b[[V]Z_XZlvLbYLuR\\LbYL_VLbZ_X[XTb_RLb^WRUYRLR[VZVjX[L[VZYRq]RZ[RYwL
M95N61O}
x`RLT]UTVYRLVgL_`RL[VZ[RT_]b\LgUbjRuVU|LXYL_VLl]X^RL_`RLnVbU^LXZL^RWR\VTXZlL
b[[V]Z_XZlLY_bZ^bU^YLiSLTUVWX^XZlLbZL]Z^RU\SXZlLgV]Z^b_XVZLbZ^LibYX[LURbYVZXZlLVZL
u`X[`L_VL[VZYX^RULjRUX_YLVgLb\_RUZb_XWRYwLLx`RLgUbjRuVU|L^VRYLZV_LTURY[UXiRL~kkhwL
L







!"#
#$!%&#'
()!*! ! *+,!
-!"./)#0!1
!22%3!4!)
5&
!)(()6(73!8!)(')7
.

!)!7

)
9


!0

&

!
&(!')
)!0)


(!.(
!:!"./)#0!1
!22%3;

, &'()*
6
+(
,-.,
/0 *
(-1
.'(
,2
3.'-
1'0*
45,
789:;<=>?@A@B?
CDEDFGHID6GHJ6KGLMNKOE6PDQPDRDHMGMLSH6GPD6MND6QPLTGPU6VOGELMGMLFD6INGPGIMDPLRMLIR6
MNGM6TGWD6LHKSPTGMLSH6JDILRLSHXORDKOEY66CDEDFGHM6LHKSPTGMLSH6ZLEE6QSRRDRR6QPDJLIMLFD6
GHJ[SP6ISHKLPTGMSPU6FGEODY66\GLMNKOE6PDQPDRDHMGMLSH6LR6MND6D]MDHM6MS6ZNLIN6MNDPD6LR6
G^PDDTDHM6_DMZDDH6G6TDGROPD6SP6JDRIPLQMLSH6GHJ6MND6QNDHSTDHSH6LM6QOPQSPMR6MS6
PDQPDRDHMY66
789:;<=>?@A@`?
aND6ISTQSHDHMR6SK6PDEDFGHM6LHKSPTGMLSH6GPD6QPDJLIMLFD6FGEODb6ISHKLPTGMSPU6FGEOD6
GHJ6TGMDPLGELMUY66aND6ISTQSHDHMR6SK6KGLMNKOE6PDQPDRDHMGMLSH6GPD6ISTQEDMDHDRRb6
HDOMPGELMUb6GHJ6KPDDJST6KPST6DPPSPY6
789:;<=>?@A@c?
aND6_DHDKLM6KPST6QPSFLJLH^6GIISOHMLH^6LHKSPTGMLSH6LR6LHIPDGRDJ6JDILRLSH6
ORDKOEHDRRY66dK6MND6LHKSPTGMLSH6LR6PDEDFGHM6GHJ6QSRRDRRDR6KGLMNKOE6PDQPDRDHMGMLSHb6LM6ZLEE6
LTQPSFD6MND6JDILRLSHR6TGJD6_U6LHFDRMSPR6GHJ6IPDJLMSPRY66eSZDFDPb6MNDPD6GPD6ISRMR6MS6
QPSFLJLH^6LHKSPTGMLSH6MNGM6LHIEOJD6ISRMR6MS6^GMNDPb6QPSIDRRb6GHJ6JLRRDTLHGMD6MNGM6
LHKSPTGMLSHY66aNDPD6GERS6GPD6ISRMR6MS6ORDPR6LH6LHMDPQPDMLH^6MND6LHKSPTGMLSH6GR6ZDEE6GR6
QSRRL_ED6GJFDPRD6DISHSTLI6ISHRDVODHIDR6MNGM6ISOEJ6PDROEM6KPST6JLRIESRLH^6
LHKSPTGMLSHY66dHKSPTGMLSH6RNSOEJ6HSM6_D6QPSFLJDJ6OHEDRR6MND6_DHDKLMR6D]IDDJ6MND6ISRMRY6
789:;<=>?@A@f?
dHKSPTGMLSH6LR6TGMDPLGE6LK6LM6LR6JDDTDJ6MS6NGFD6GH6DKKDIM6SH6G6JDILRLSH6TGJD6_U6G6
ORDPY66aND6MNPDRNSEJ6KSP6TGMDPLGELMU6ZLEE6JDQDHJ6QPLHILQGEEU6SH6MND6PDEGMLFD6JSEEGP6
GTSOHM6SK6MND6MPGHRGIMLSH6_DLH^6ISHRLJDPDJY66gHD6ISHRDVODHID6SK6TGMDPLGELMU6LR6MNGM6
hiij6HDDJ6HSM6_D6KSEESZDJ6LH6TDGROPLH^6GHJ6PDQSPMLH^6G6MPGHRGIMLSH6LK6MNGM6
MPGHRGIMLSH6LR6HSM6TGMDPLGEY66aND6MNPDRNSEJ6KSP6TGMDPLGELMU6NGR6_DDH6EDKM6MS6RO_kDIMLFD6
kOJ^TDHMY6




012  4567897 675657
8

8
687787
!87"865868#656
66
7"88866755756$8

%