K
SOLUTION MANUAL
Intermediate Accounting, 18th Editio
by Kieso, Warfield Chapter 1 - 23 Comple
,Table of Contents
K K
1KTheKEnvironmentKandKConceptualKFrameworkKofKFinancialKReporting
2KTheKAccountingKInformationKSystem
3KIncomeKStatement,KRelatedKInformation,KandKRevenueKRecognition
4KBalanceKSheetKandKStatementKofKCashKFlows
5KAccountingKandKtheKTimeKValueKofKMoney
6KCashKandKReceivables
7KValuationKofKInventories:KAKCost-BasisKApproach
8KInventories:KAdditionalKValuationKIssues
9KAcquisitionKandKDispositionKofKProperty,KPlant,KandKEquipment
10KDepreciation,KImpairments,KandKDepletion
11KIntangibleKAssets
12KCurrentKLiabilitiesKandKContingencies
13KLong-TermKLiabilities
14KStockholders’KEquity
15KDilutiveKSecuritiesKandKEarningsKperKShare
16KInvestments
17KRevenueKRecognition
18KAccountingKforKIncomeKTaxes
19KAccountingKforKPensionsKandKPostretirementKBenefits
20KAccountingKforKLeases
21KAccountingKChangesKandKErrorKAnalysis
22KStatementKofKCashKFlows
23KFullKDisclosureKinKFinancialKReportingK
, Chapter 1 K
Financial Accounting and Accounting Standards
K K K K
Assignment Classification Table (By Topic)
K K K K
Topics Questions Brief Exercises Critical
Exercises Thinking
1. EnvironmentK of 1,2, K3,4 1 1 1
accounting,Kprinciples,
objectives,K standards,
accountingtheory.
2. Authoritative 5,6, K7,8 2 2 2
pronouncementsKand
rule-makingKbodies.
3. ConceptualK framework- 9,K 10 3 3,4
general,K objectiveK of
financialKreporting.
4. QualitativeKcharacteristicsKofK 11,12,K13,K14,K 3,4,K5, K6, K7 4,5,6 5,K 10
accounting. 15,K16,17
5. ElementsKof 18,K19 8,K 9 7
financial
statements.
6. BasicKassumptionsKand 20,K21,K 22,K23, 10,K11,K12,K 4,K 8,K9,K 10, 6,K 7,K8,K 9,K 11
principles. 24,K25,K 26,K 27, 13,K14K 11,K12
2 8,K 29,K 30,31
7. CostK constraint. 32,33,34
8. RoleKofKpressureKgroups. 35,K36 12,K14,K 15,K 16,
17
9. EthicalKissues. 37,K38,39,40 13
CopyrightK©K2022KWILEY Kieso,KIntermediateKAccounting,K18/e,KSolutionsKManual (ForK InstructorKUseKOnly) 5-1-1
,K
Assignment Classification Table (By Learning Objective)
K K K K K
LearningKObjectives Questions Brief ExercisesK Critical
Exercises Thinking
1. DescribeKtheKfinancialKreporting 1,K2,K3,K4, 1,K2 1,K2 1
environment,KmajorK standard- 5,K6,K7,K8
settingKbodies,KandKtheKmeaning
ofKgenerallyKacceptedKaccounting
principles(GAAP).
2. DescribeKtheKcomponents K and 9,K 10,K 11,K12, 3,K5,K6, 3,K4,K 5,K6,K7K 2,3,4,K5,
usefulnessK ofKtheKconceptual 13,K 14,K15,K 16, 7,K8,9 10
framework. 17,K18,K19
3. DiscussKtheKbasicKassumptions 20,K 21,K 22,K23, 4,K 10,K 11, 8,K9,K 10,K11,K 6,K 7,K 8,K 9,
andK principlesK ofK accounting. 24,K 25,K26,K 27, 12,K13,K14K 12 11,K12
2 8,K 29,K31,
3 2,K33,K34
4. IdentifyKtheKmajorKchallengesK in 30,K35,K 36,K 37, 2 11,K13,K14,
theKfinancialK reporting 38,K39,40 15,K16
environment.
Assignment Characteristics Table (Time on Task)
K K K K K
Item Description LevelK of Time
Difficulty (minutes)
E1.1 NeedKforK GAAP. Simple 15-20
E1.2 FinancialK reportingK andK accountingK standards. Simple 15-20
E1.3 Usefulness,K objectiveK ofK financialK reporting. Simple 15-20
E1.4 Usefulness,K objectiveK ofK financialK reporting, Simple 15-20
qualitativeKcharacteristics.
E1.5 QualitativeK characteristics. Moderate 20-30
E1.6 QualitativeK characteristics. Simple 15-20
E1.7 ElementsK ofK financialK statements. Simple 15-20
E1.8 Assumptions,Kprinciples,K andK constraint. Simple 15-20
E1.9 Assumptions,Kprinciples,K andK constraint. Moderate 20-25
E1.10 FullKdisclosureK principle. Complex 20-25
E1.11 AccountingKprinciplesK andK assumptions- Moderate 20-25
E1.12 AccountingKprinciples-comprehensive. Moderate 20-25
CT1.1 SecuritiesK andK ExchangeK Commission. Moderate 30-40
CT1.2 ConceptualKframework-general. Simple 20-25
CT1.3 ConceptualKframework-general. Simple 25-35
CT1.4 ObjectiveK ofK financialK reporting. Moderate 25-35
CT1.5 QualitativeK characteristics. Moderate 30-35
5-1-2 CopyrightK©K2022 KWILEY Kieso,KIntermediateKAccounting,K18/e,KSolutionsKManual (ForK InstructorKUseKOnly)
SOLUTION MANUAL
Intermediate Accounting, 18th Editio
by Kieso, Warfield Chapter 1 - 23 Comple
,Table of Contents
K K
1KTheKEnvironmentKandKConceptualKFrameworkKofKFinancialKReporting
2KTheKAccountingKInformationKSystem
3KIncomeKStatement,KRelatedKInformation,KandKRevenueKRecognition
4KBalanceKSheetKandKStatementKofKCashKFlows
5KAccountingKandKtheKTimeKValueKofKMoney
6KCashKandKReceivables
7KValuationKofKInventories:KAKCost-BasisKApproach
8KInventories:KAdditionalKValuationKIssues
9KAcquisitionKandKDispositionKofKProperty,KPlant,KandKEquipment
10KDepreciation,KImpairments,KandKDepletion
11KIntangibleKAssets
12KCurrentKLiabilitiesKandKContingencies
13KLong-TermKLiabilities
14KStockholders’KEquity
15KDilutiveKSecuritiesKandKEarningsKperKShare
16KInvestments
17KRevenueKRecognition
18KAccountingKforKIncomeKTaxes
19KAccountingKforKPensionsKandKPostretirementKBenefits
20KAccountingKforKLeases
21KAccountingKChangesKandKErrorKAnalysis
22KStatementKofKCashKFlows
23KFullKDisclosureKinKFinancialKReportingK
, Chapter 1 K
Financial Accounting and Accounting Standards
K K K K
Assignment Classification Table (By Topic)
K K K K
Topics Questions Brief Exercises Critical
Exercises Thinking
1. EnvironmentK of 1,2, K3,4 1 1 1
accounting,Kprinciples,
objectives,K standards,
accountingtheory.
2. Authoritative 5,6, K7,8 2 2 2
pronouncementsKand
rule-makingKbodies.
3. ConceptualK framework- 9,K 10 3 3,4
general,K objectiveK of
financialKreporting.
4. QualitativeKcharacteristicsKofK 11,12,K13,K14,K 3,4,K5, K6, K7 4,5,6 5,K 10
accounting. 15,K16,17
5. ElementsKof 18,K19 8,K 9 7
financial
statements.
6. BasicKassumptionsKand 20,K21,K 22,K23, 10,K11,K12,K 4,K 8,K9,K 10, 6,K 7,K8,K 9,K 11
principles. 24,K25,K 26,K 27, 13,K14K 11,K12
2 8,K 29,K 30,31
7. CostK constraint. 32,33,34
8. RoleKofKpressureKgroups. 35,K36 12,K14,K 15,K 16,
17
9. EthicalKissues. 37,K38,39,40 13
CopyrightK©K2022KWILEY Kieso,KIntermediateKAccounting,K18/e,KSolutionsKManual (ForK InstructorKUseKOnly) 5-1-1
,K
Assignment Classification Table (By Learning Objective)
K K K K K
LearningKObjectives Questions Brief ExercisesK Critical
Exercises Thinking
1. DescribeKtheKfinancialKreporting 1,K2,K3,K4, 1,K2 1,K2 1
environment,KmajorK standard- 5,K6,K7,K8
settingKbodies,KandKtheKmeaning
ofKgenerallyKacceptedKaccounting
principles(GAAP).
2. DescribeKtheKcomponents K and 9,K 10,K 11,K12, 3,K5,K6, 3,K4,K 5,K6,K7K 2,3,4,K5,
usefulnessK ofKtheKconceptual 13,K 14,K15,K 16, 7,K8,9 10
framework. 17,K18,K19
3. DiscussKtheKbasicKassumptions 20,K 21,K 22,K23, 4,K 10,K 11, 8,K9,K 10,K11,K 6,K 7,K 8,K 9,
andK principlesK ofK accounting. 24,K 25,K26,K 27, 12,K13,K14K 12 11,K12
2 8,K 29,K31,
3 2,K33,K34
4. IdentifyKtheKmajorKchallengesK in 30,K35,K 36,K 37, 2 11,K13,K14,
theKfinancialK reporting 38,K39,40 15,K16
environment.
Assignment Characteristics Table (Time on Task)
K K K K K
Item Description LevelK of Time
Difficulty (minutes)
E1.1 NeedKforK GAAP. Simple 15-20
E1.2 FinancialK reportingK andK accountingK standards. Simple 15-20
E1.3 Usefulness,K objectiveK ofK financialK reporting. Simple 15-20
E1.4 Usefulness,K objectiveK ofK financialK reporting, Simple 15-20
qualitativeKcharacteristics.
E1.5 QualitativeK characteristics. Moderate 20-30
E1.6 QualitativeK characteristics. Simple 15-20
E1.7 ElementsK ofK financialK statements. Simple 15-20
E1.8 Assumptions,Kprinciples,K andK constraint. Simple 15-20
E1.9 Assumptions,Kprinciples,K andK constraint. Moderate 20-25
E1.10 FullKdisclosureK principle. Complex 20-25
E1.11 AccountingKprinciplesK andK assumptions- Moderate 20-25
E1.12 AccountingKprinciples-comprehensive. Moderate 20-25
CT1.1 SecuritiesK andK ExchangeK Commission. Moderate 30-40
CT1.2 ConceptualKframework-general. Simple 20-25
CT1.3 ConceptualKframework-general. Simple 25-35
CT1.4 ObjectiveK ofK financialK reporting. Moderate 25-35
CT1.5 QualitativeK characteristics. Moderate 30-35
5-1-2 CopyrightK©K2022 KWILEY Kieso,KIntermediateKAccounting,K18/e,KSolutionsKManual (ForK InstructorKUseKOnly)
