Solution Manual for Intermediate Accounting (Volume 2), 8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod / Verified All Chapters (12 - 22)Complete Newest Version

Solution Manual for Intermediate Accounting (Volume 2),
8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod /
Verified All Chapters (12 - 22)Complete

,Solution Manual for K 7 K 7




Intermediate Accounting Volume 2 8th Edition Thomas H. Beechy, Joan E. Conr
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od, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-
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Lee Sevel Chapter12-22
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Chapter12:FinancialLiabilities andProvisions
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Case 12-1 WinterFun Incorporated K7 K7




12-2 PrescriptionsDepotLimited 7
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12-3 CamaniCorporation K7




SuggestedTime 7
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TechnicalReview 7
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TR12-1 Financialliabilities andprovisions(IFRS) ......................10 K7 K7 K7 K7




TR12-2 Financialliabilities andprovisions (ASPE).....................10 K7 K7 K7 K7




TR12-3 Provision,measurement................................... 10 7
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TR12-4 Guarantee......................................................... 10 7
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TR12-5 Provision, warranty.......................................... 5 7
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TR12-6 Foreigncurrency.............................................. 5 7
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TR12-7 Notepayable.................................................... 5 7
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TR12-8 Discounting, note payable................................ 10 K7 K7




TR12-9 Discounting,provision..................................... 10 7
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TR12-10 Classification, liabilities...................................
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AssignmentA12-1 7
K Financialversusnon-financialliabilities……. K7 K7 K7 10
A12-2 Commonfinancial liabilities………………… 7
K K7 10
A12-3 Commonfinancialliabilities............................ 7
K K7 10
A12-4 Commonfinancial liabilities: taxes................. K7 K7 K7 7
K 20
A12-5 Common financial liabilities: taxes ................ K7 K7 K7 K 7 20
A12-6 Foreigncurrencypayables……………………. 7
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K 10
A12-7 Foreigncurrencypayables...............................
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A12-8 Common financial liabilities and foreign K7 K7 K7 K7 25
currency
A12-9 Provisions......................................................... 20
A12-10 Provisions........................................................ 7
K 20
A12-11 Provisions......................................................... 20
A12-12 Provisionmeasurement.................................... 7
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A12-13 Provisionmeasurement.................................... 7
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A12-14 Provisions;compensatedabsences…………... 7
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A12-15 Provisions;compensatedabsences.................. 7
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A12-16 Provisions; warranty........................................ 7
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A12-17 Provisions; warranty ....................................... K7 K 7 20
A12-18 Provisions; warranty ....................................... K7 K 7 25
A12-19 Discounting;no-interestnote........................... 7
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Solutions Manualt o accompany Intermediate Accounting, Volume 2,8th edition
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, A12-20 Discounting; low-interest note ........................ K7 K7 K 7 20
A12-21 Discounting; low-interest note......................... K7 K7 20
A12-22 Discounting; provision..................................... K7 15
A12-23 Discounting; provision..................................... K7 25
A12-24 Discounting; provision..................................... K7 25
A12-25 Classification and SCF..................................... K7 K7 20
A12-26 SCF .................................................................. K7 20
A12-27 Liabilities – IFRS and ASPE .......................... K7 K7 K7 K7 K 7 10
A12-28 Liabilities - ASPE ........................................... K7 K7 K 7 20
A12-29 Liabilities - ASPE............................................ K7 K7 7
K 20
A12-30 Provisions/Contingencies –IFRS andASPE….
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A12-31 DAIS – warrantyprovision trend……………... K7 K7 K7 K7 15
A12-32 DAIS – provision for coupon refund………… K7 K7 K7 K7 K7 15




Cases

Case 12-1 (LO12.3, LO12.5, LO12.6)
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Winter Fun Incorporated K7 K7




To:MembersofBoardofDirectors Fro
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m:Accounting Consultant
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RE: Winter Fun Incorporated
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Overview

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

Issues

1. Revenuerecognitionmemberships 7
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2. Revenuerecognitionguests 7
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3. Specialpromotions 7
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4. Coupons
5. ManufacturerLoan 7
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6. Lawsuit
7. Warranty
8. Gasolinestoragetanks 7
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9. Foreigncurrencypayables 7
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10. Compensatedabsences 7
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, ©2022McGrawHillLtd.Allrightsreserved.
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Solutions Manualt o accompany Intermediate Accounting, Volume 2,8th edition
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K 7K 7

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