,
,Intermediate Accounting
18th Editio
DONALD E. KIESO PhD, CP
Northern Illinois Univers
DeKalb, Illin
JERRY J. WEYGANDT PhD, CP
University of Wisconsin—Madis
Madison, Wiscon
TERRY D. WARFIELD, Ph
University of Wisconsin—Madis
Madison, Wiscon
, Vice President, Editorial Product Management: Michael McDonald Senior Production Editor: Rachel Conrad
Associate Editorial Director: Zoe Craig Director of Marketing: Karolina Honsa Zarychta
Editor: Veronica Schram Senior Product Marketing Manager: Christina Koop Minarik
Senior Manager, Course Development Field Marketing Manager: Brian Krygowski
and Production: Ed Brislin Senior Designer: Wendy Lai
Senior Course Content Developer: Alethia Marrero Assistant Editor: Natalie Munoz
Editorial Supervisor: Terry Ann Tatro Cover Image: Sarath maroli/Shutterstock
This book was typeset in 9.5/12 STIX Two Text at Lumina Datamatics.
Wiley is a global leader in research and education, unlocking human potential by enabling discovery, powering
education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today,
our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve
their goals in an ever-changing world. Visit us at Wiley.com.
Copyright © 2022 by John Wiley & Sons, Inc.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form or by any means, electronic, mechanical, photocopying recording, scanning or otherwise, except as permitted
under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the
Publisher or authorization through payment of the appropriate per copy fee to the Copyright Clearance Center, 222
Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Visit us at http://www.wiley.com/permis-
sions to request permission for re-use or reproduction of Wiley content.
Readers should be aware that websites listed in this work may have changed or disappeared between when this work was
written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial
damages, including but not limited to special, incidental, consequential, or other damages.
Evaluation copies are provided to qualified academics and professionals for review purposes only, for use in their
courses during the next academic year. These copies are licensed and may not be sold or transferred to a third party.
Upon completion of the review period, please return the evaluation copy to Wiley. Return instructions and a free
of charge return shipping label are available at www.wiley.com/go/returnlabel. If you have chosen to adopt this
textbook for use in your course, please accept this book as your complimentary desk copy. Outside of the United
States, please contact your local representative.
EPUB ISBN: 978-1-119-77889-9
The inside back cover will contain printing identification and country of origin if omitted from this page. In addi-
tion, if the ISBN on the cover differs from the ISBN on this page, the one on the cover is correct.
Material from the Uniform CPA Examinations and Unofficial Answers, copyright © 1965, 1966, 1967, 1968, 1969,
1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988,
1990, 1991, 1992, and 1993 by the American Institute of Certified Public Accountants, Inc., is adapted with per-
mission.
This book contains quotations from Accounting Research Bulletins, Accounting Principles Board Opinions, Ac-
counting Principles Board Statements, Accounting Interpretations, and Accounting Terminology Bulletins, copy-
right © 1953, 1956, 1966, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982 by
the American Institute of Certified Public Accountants, Inc., 1211 Avenue of the Americas, New York, NY 10036.
This book contains citations from various FASB pronouncements. Copyright © by Financial Accounting Standards
Board, 401 Merritt 7, P.O. Box 5116, Norwalk, CT 06856 U.S.A. Reprinted with permission. Copies of complete
documents are available from Financial Accounting Standards Board.
Material from the Certificate in Management Accounting Examinations, copyright © 1975, 1976, 1977, 1978, 1979,
1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, and 1993 by the Institute of Certified
Management Accountants, 10 Paragon Drive, Montvale, NJ 07645, is adapted with permission.
Material from the Certified Internal Auditor Examinations, copyright © May 1984, November 1984, May 1986 by The
Institute of Internal Auditors, 249 Maitland Ave., Altemonte Springs, FL 32701, is adapted with permission.
EVALC ISBN-13 978-1-119826538
Library of Congress Cataloging-in-Publication Data
Names: Kieso, Donald E., author. | Weygandt, Jerry J., author. | Warfield, Terry D., author.
Title: Intermediate accounting / Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Description: 18th edition. | [Hoboken, New Jersey] : Wiley, [2022] | Includes index.
Identifiers: LCCN 2021970000 (print) | LCCN 2021970001 (ebook) | ISBN 9781119790976 | ISBN 9781119826545
(adobe pdf) | ISBN 9781119778899 (epub)
Subjects: LCSH: Accounting.
Classification: LCC HF5635 .K5 2022 (print) | LCC HF5635 (ebook) | DDC 657/.044--dc23/eng/20220113
LC record available at https://lccn.loc.gov/2021970000
LC ebook record available at https://lccn.loc.gov/2021970001
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
,Intermediate Accounting
18th Editio
DONALD E. KIESO PhD, CP
Northern Illinois Univers
DeKalb, Illin
JERRY J. WEYGANDT PhD, CP
University of Wisconsin—Madis
Madison, Wiscon
TERRY D. WARFIELD, Ph
University of Wisconsin—Madis
Madison, Wiscon
, Vice President, Editorial Product Management: Michael McDonald Senior Production Editor: Rachel Conrad
Associate Editorial Director: Zoe Craig Director of Marketing: Karolina Honsa Zarychta
Editor: Veronica Schram Senior Product Marketing Manager: Christina Koop Minarik
Senior Manager, Course Development Field Marketing Manager: Brian Krygowski
and Production: Ed Brislin Senior Designer: Wendy Lai
Senior Course Content Developer: Alethia Marrero Assistant Editor: Natalie Munoz
Editorial Supervisor: Terry Ann Tatro Cover Image: Sarath maroli/Shutterstock
This book was typeset in 9.5/12 STIX Two Text at Lumina Datamatics.
Wiley is a global leader in research and education, unlocking human potential by enabling discovery, powering
education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today,
our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve
their goals in an ever-changing world. Visit us at Wiley.com.
Copyright © 2022 by John Wiley & Sons, Inc.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form or by any means, electronic, mechanical, photocopying recording, scanning or otherwise, except as permitted
under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the
Publisher or authorization through payment of the appropriate per copy fee to the Copyright Clearance Center, 222
Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Visit us at http://www.wiley.com/permis-
sions to request permission for re-use or reproduction of Wiley content.
Readers should be aware that websites listed in this work may have changed or disappeared between when this work was
written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial
damages, including but not limited to special, incidental, consequential, or other damages.
Evaluation copies are provided to qualified academics and professionals for review purposes only, for use in their
courses during the next academic year. These copies are licensed and may not be sold or transferred to a third party.
Upon completion of the review period, please return the evaluation copy to Wiley. Return instructions and a free
of charge return shipping label are available at www.wiley.com/go/returnlabel. If you have chosen to adopt this
textbook for use in your course, please accept this book as your complimentary desk copy. Outside of the United
States, please contact your local representative.
EPUB ISBN: 978-1-119-77889-9
The inside back cover will contain printing identification and country of origin if omitted from this page. In addi-
tion, if the ISBN on the cover differs from the ISBN on this page, the one on the cover is correct.
Material from the Uniform CPA Examinations and Unofficial Answers, copyright © 1965, 1966, 1967, 1968, 1969,
1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988,
1990, 1991, 1992, and 1993 by the American Institute of Certified Public Accountants, Inc., is adapted with per-
mission.
This book contains quotations from Accounting Research Bulletins, Accounting Principles Board Opinions, Ac-
counting Principles Board Statements, Accounting Interpretations, and Accounting Terminology Bulletins, copy-
right © 1953, 1956, 1966, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982 by
the American Institute of Certified Public Accountants, Inc., 1211 Avenue of the Americas, New York, NY 10036.
This book contains citations from various FASB pronouncements. Copyright © by Financial Accounting Standards
Board, 401 Merritt 7, P.O. Box 5116, Norwalk, CT 06856 U.S.A. Reprinted with permission. Copies of complete
documents are available from Financial Accounting Standards Board.
Material from the Certificate in Management Accounting Examinations, copyright © 1975, 1976, 1977, 1978, 1979,
1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, and 1993 by the Institute of Certified
Management Accountants, 10 Paragon Drive, Montvale, NJ 07645, is adapted with permission.
Material from the Certified Internal Auditor Examinations, copyright © May 1984, November 1984, May 1986 by The
Institute of Internal Auditors, 249 Maitland Ave., Altemonte Springs, FL 32701, is adapted with permission.
EVALC ISBN-13 978-1-119826538
Library of Congress Cataloging-in-Publication Data
Names: Kieso, Donald E., author. | Weygandt, Jerry J., author. | Warfield, Terry D., author.
Title: Intermediate accounting / Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Description: 18th edition. | [Hoboken, New Jersey] : Wiley, [2022] | Includes index.
Identifiers: LCCN 2021970000 (print) | LCCN 2021970001 (ebook) | ISBN 9781119790976 | ISBN 9781119826545
(adobe pdf) | ISBN 9781119778899 (epub)
Subjects: LCSH: Accounting.
Classification: LCC HF5635 .K5 2022 (print) | LCC HF5635 (ebook) | DDC 657/.044--dc23/eng/20220113
LC record available at https://lccn.loc.gov/2021970000
LC ebook record available at https://lccn.loc.gov/2021970001
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
