Solution Manual for Intermediate Accounting, 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. Chapter 1-23 CONTENTS

Solution Manual for Intermediate Accounting, 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. Chapter 1-23 CONTENTS Preface to the Instructor Chapter 1 Financial Accounting and Accounting Standards Chapter 2 Conceptual Framework Underlying Financial Accounting Chapter 3 The Accounting Information System Chapter 4 Income Statement and Related Information Chapter 5 Balance Sheet and Statement of Cash Flows Chapter 6 Accounting and the Time Value of Money Chapter 7 Cash and Receivables Chapter 8 Valuation of Inventories: A Cost Basis Approach Chapter 9 Inventories: Additional Valuation Issues Chapter 10 Acquisition and Disposition of Property, Plant, and Equipment Chapter 11 Depreciation, Impairments, and Depletion Chapter 12 Intangible Assets Chapter 13 Current Liabilities and Contingencies Chapter 14 Long-Term Liabilities Chapter 15 Stockholders’ Equity Chapter 16 Dilutive Securities and Earnings Per Share Chapter 17 Investments Chapter 18 Revenue Recognition Chapter 19 Accounting for Income Taxes Chapter 20 Accounting for Pensions and Postretirement Benefits Chapter 21 Accounting for Leases Chapter 22 Accounting Changes and Error Analysis Chapter 23 Statement of Cash Flows Chapter 24 Full Disclosure in Financial Reporting iii PREFACE—TO THE INSTRUCTOR The presentation of the subject matter in each of the chapters in Intermediate Accounting, 12e is followed by questions, brief exercises, exercises, problems, and concepts for analysis. Another section entitled “Using Your Judgment” is also provided (financial reporting, financial statement analysis, comparative analysis, research, international reporting, professional research and professional simulation). Note that writing, group, and ethics cases have been integrated into the exercises, problems, and concepts for analysis and are identified with icons in the text margins. This manual contains complete solutions to all exercises, problems, and cases in the “Using Your Judgment” section as well as suggested answers to the questions and concepts for analysis. Assignment Classification Table (Topic and Learning Objective). A unique feature of our Solutions Manual is a table that categorizes four types of end-of-chapter items (questions, exercises, problems, and concepts for analysis) by key topics in the chapter. New to Intermediate Accounting, 12e is a classification table organizing solutions by textbook learning objective. Assignment Characteristics Table. Each chapter of this manual contains a table offering: (1) a short description of each exercise, problem, and case, (2) an indication of the level of difficulty (simple, moderate, or complex), and (3) the estimated time in minutes. An estimated average minimum and maximum time (in minutes) is given for each exercise, problem, and case in the text. Although many of the estimated times are based on actual classroom experience, it should be recognized that they are only averages. On any given problem or case even a superior student may encounter difficulty because of a mechanical error or misinterpretation of the problem and spend more time than on other problems of similar difficulty. The estimated time to complete each exercise is also indicated at the right of each exercise number. For problems and cases the estimated time also appears with the list of “purposes” that precedes each set of problems and each set of cases. We hope these classifications, descriptions, and times will prove helpful to instructors in tailoring homework assignments to the capacities of their students and to the time available. Purpose. A statement of the purpose of each problem and each case appears in a list preceding the sets of problems and cases in each chapter. Questions. The questions at the end of the chapter provide a basis for classroom discussion of the topics presented in the chapter and serve as an aid to the students in testing their understanding of the text material. They deal with both conceptual and procedural matters. The sequence of questions generally corresponds to the topical coverage in the text. Full and complete answers to these questions are presented in this manual. Brief Exercises. Each brief exercise focuses on one concept or procedure. Because these brief exercises are straightforward and simple, they build the student’s confidence and test basic skills. Exercises. Generally, the exercises cover a specific topic and require less time and effort to solve than the problems. In addition to serving as supplemental assignment material, the exercises may be used for class discussion and for examination purposes.