solution manual for intermediate accounting-14e-kieso-warfield-weygandt

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Solution manual for intermediate accounting-14e-kieso-warfield-weygandt

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  • 1. TABLE OF CONTENTS CHAPTER 1 ............................................................................................................ 1 Concepts for Analysis 1-5 .................................................................................. 1 Concepts for Analysis 1-6 .................................................................................. 2 Concepts for Analysis 1-10 ................................................................................ 3 Concepts for Analysis 1-11 ................................................................................ 3 CHAPTER 2 ............................................................................................................ 4 Brief Exercise 2-3 .............................................................................................. 4 Brief Exercise 2-4 .............................................................................................. 4 Brief Exercise 2-5 .............................................................................................. 4 Exercise 2-3 ....................................................................................................... 5 CHAPTER 3 ............................................................................................................ 6 Exercise 3-6 ....................................................................................................... 6 Exercise 3-9 ....................................................................................................... 6 Exercise 3-11 ..................................................................................................... 8 Exercise 3-14 ................................................................................................... 10 Exercise 3-15 ................................................................................................... 10 Exercise 3-16 ................................................................................................... 10 CHAPTER 4 .......................................................................................................... 12 Exercise 4-2 ..................................................................................................... 12 Exercise 4-4 ..................................................................................................... 13 Exercise 4-5 ..................................................................................................... 16 Exercise 4-12 ................................................................................................... 17 Exercise 4-13 ................................................................................................... 18 Exercise 4-15 ................................................................................................... 19 Problem 4-1 ..................................................................................................... 19 Problem 4-7 ..................................................................................................... 21 CHAPTER 5 .......................................................................................................... 23 Exercise 5-2 ..................................................................................................... 23 Exercise 5-4 ..................................................................................................... 23 Exercise 5-13 ................................................................................................... 25 Exercise 5-15 ................................................................................................... 25 Problem 5-2 ..................................................................................................... 27 CHAPTER 7 .......................................................................................................... 29 Exercise 7-5 ..................................................................................................... 29 Exercise 7-7 ..................................................................................................... 30 Exercise 7-13 ................................................................................................... 30 Exercise 7-15 ................................................................................................... 31
  • 2. Exercise 7-16 ................................................................................................... 31 Exercise 7-24 ................................................................................................... 32 Problem 7-8 ..................................................................................................... 34 Problem 7-11................................................................................................... 35 Problem 7-15................................................................................................... 36 CHAPTER 8 .......................................................................................................... 38 Exercise 8-1 ..................................................................................................... 38 Exercise 8-15 ................................................................................................... 38 Exercise 8-25 ................................................................................................... 39 Exercise 8-26 ................................................................................................... 40 CHAPTER 9 .......................................................................................................... 42 Brief Exercise 9-2 ............................................................................................ 42 Brief Exercise 9-4 ............................................................................................ 42 Brief Exercise 9-7 ............................................................................................ 42 Brief Exercise 9-8 ............................................................................................ 43 Exercise 9-2 ..................................................................................................... 43 Exercise 9-7 ..................................................................................................... 44 Exercise 9-12 ................................................................................................... 45 Exercise 9-14 ................................................................................................... 46 Exercise 9-19 ................................................................................................... 47 Problem 9-4 ..................................................................................................... 47 CHAPTER 18 ........................................................................................................ 49 Exercise 18-2 ................................................................................................... 49 Exercise 18-4 ................................................................................................... 50 Exercise 18-7 ................................................................................................... 51 Exercise 18-11 ................................................................................................. 52 Exercise 18-15 ................................................................................................. 53 Exercise 18-19 ................................................................................................. 54 Problem 18-7................................................................................................... 55 Problem 18-8................................................................................................... 57 CHAPTER 23 ........................................................................................................ 59 Exercise 23-1 ................................................................................................... 59 Exercise 23-5 ................................................................................................... 59 Exercise 23-6 ................................................................................................... 60 Exercise 23-11 ................................................................................................. 60
  • 3. 1 CHAPTER 1 CA 1-5 (a) One of the committees that the AICPA established prior to the establishment of the FASB was the Committee on Accounting Procedures (CAP). The CAP, during its existence from 1939 to 1959, issued 51 Accounting Research Bulletins (ARB). In 1959, the AICPA created the Accounting Prin-ciples Board (APB) to replace the CAP. Before being replaced by the FASB, the APB released 31 official pronouncements, called APB Opinions. (b) Although the ARBs issued by the CAP helped to narrow the range of alternative practices to some extent, the CAPs problem-by-problem approach failed to provide the well-defined, structured body of accounting principles that was both needed and desired. As a result, the CAP was replaced by the APB. The APB had more authority and responsibility than did the CAP. Unfortunately, the APB was beleaguered throughout its 14-year existence. It came under fire early, charged with lack of produc-tivity and failing to act promptly to correct alleged accounting abuses. The APB also met a lot of industry and CPA firm opposition and occasional governmental interferen

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