Financial Accounting (12th Edition) (What's New in Accounting)
12th Edition
ISBN: 9780134725987
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Textbook Question
Chapter 9, Problem 9.11S
LO 4,5
(Learning Objectives 4, 5:
| Commitment | Finance lease | Leverage ratio |
| Debt ratio | Income tax payable | Operating lease |
| Deferred income taxes payable | Lessee | Times-interest-earned ratio |
1 The _____ measures the proportion of a company s total liabilities to its total assets.
2 ––––– is usually a long-term liability arising from the temporary timing difference for revenues and expense recognition between GAAP accounting rules and the U.S. tax code.
3. A_____ enables a company leasing an asset to own it after a parted of time
4. A high _____indicates ease in paying interest expense.
5. _____ is a currant liability and represents the amount of income taxes a company must pay to the federal government based on tax reporting rules.
6. A(n) _____ covering twelve months or less is only type of lease that is not required to be included on the balance sheet.
7. A company’s average total assets per dollar of average common stockholder’s equity is its _____.
8. A contractual promise to make transactions in the future that create financial obligations for a company is a _____.
9. The tenant in a lease arrangement is also known as the _____.
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Match the following terms or phrases in (a–g) with the explanations in 1–8. Terms or phrases may be used more than once.
Question 11 options:
Current assets/Current liabilities
Probable likelihood and estimable liability
Measures the “instant” debt-paying ability of a company
Current assets – Current liabilities
(Cash + Temporary investments + Accounts receivable)/Current liabilities
Cash + Temporary investments + Accounts receivable
Probable likelihood of a liability but cannot be estimated
Remote contingent liability
Reasonably possible likelihood of a liability
1.
Current ratio
2.
Working capital
3.
Quick assets
4.
Quick ratio
5.
Record an accrual and disclose in the notes to the financial statements
6.
Disclose only in notes to financial statements
7.
No disclosure needed in notes to financial statements
Prepare a classied balanced sheet in good form
1. Common Stock
2. Discountedd on Bonds Payable
3. Treasury Stock (at cost)
4. Notes Payable (short-term)
5. Raw Materials
6. Prefered Stock Investments (long-term)
7. Unearned Rent Revenue
8. Work in Process. 9. Copyrights
10. Buildings
11. Notes Recievable (short-term).
12. Cash.
13. Salaries and Wages Payable.
14. Accummlated Depreciation--Buildings
15. Restricted Cash for Plant Expansion
16. Land Held for Future Plant Site
17. Allowance for Doubtful Accounts
18. Retained Earnings
19. Paid-in capitial in Excess of Par -Common Stock
20. Unearned Subscriptions Revenue
21. Receivables--Officers (due in one year)
22. Inventory (finished goods)
23. Accounts Receivable
24. Bonds Payable (due in 4 years)
25. Noncontrolling Interest
(3, 5, 8 ) Helping tags: Accounting, Intermediate Accounting
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WILL UPVOTE, just pls help me answer the question and show complete solutions. Thank you!
1. The information on the defined benefit plan is provided in the picture.
a) What is the net defined asset or liability on the beginning of the period?
b) How much is the defined benefit cost reported in profit or loss?
c) What is the net defined asset or liability at the end of the period?
Chapter 9 Solutions
Financial Accounting (12th Edition) (What's New in Accounting)
Ch. 9 - Brownlee Company issued 525,000, 8%, six-year...Ch. 9 - A bond with a face value of 250,000 and a quoted...Ch. 9 - Mission Furniture issued 500,000 in bonds payable...Ch. 9 - Bonds with an 8% stated interest rate were issued...Ch. 9 - Brimfest Corporation issued 2,400,000, 10-year, 6%...Ch. 9 - The Discount on Bonds Payable account a.is an...Ch. 9 - The discount on a bond payable becomes...Ch. 9 - The carrying value of Bonds Payable equals a.Bonds...Ch. 9 - Prob. 9QCCh. 9 - Prob. 10QC
Ch. 9 - Prob. 11QCCh. 9 - When a company retires bonds early, the gain or...Ch. 9 - Which type of lease will not increase a companys...Ch. 9 - Prob. 14QCCh. 9 - The debt ratio is calculated by dividing: a. total...Ch. 9 - Prob. 16QCCh. 9 - Prob. 17QCCh. 9 - Prob. 9.1ECCh. 9 - Prob. 9.1SCh. 9 - (Learning Objective 1: Determine bond prices at...Ch. 9 - (Learning Objective 1: Journalize basic bond...Ch. 9 - Prob. 9.4SCh. 9 - Prob. 9.5SCh. 9 - Prob. 9.6SCh. 9 - Prob. 9.7SCh. 9 - Prob. 9.8SCh. 9 - (Learning Objective 2: Account for bonds payable...Ch. 9 - Prob. 9.10SCh. 9 - LO 4,5 (Learning Objectives 4, 5: Deferred income...Ch. 9 - LO 5 (Learning Objective 5: Compute and evaluate...Ch. 9 - LO 5 (Learning Objective 5: Calculate the leverage...Ch. 9 - LO 6 (Learning Objective 6: Report liabilities)...Ch. 9 - (Learning Objective 1: Issue bonds payable...Ch. 9 - Prob. 9.16AECh. 9 - Prob. 9.17AECh. 9 - LO 2 (Learning Objective 2: Issue bonds payable...Ch. 9 - Prob. 9.19AECh. 9 - LO 4 (Learning Objective 4: Account for deferred...Ch. 9 - (Learning Objective 5: Evaluate debt-paying...Ch. 9 - LO 4, 5 (Learning Objectives 4, 5: Analyze current...Ch. 9 - Prob. 9.23AECh. 9 - (Learning Objective 1: Issue bonds payable...Ch. 9 - Prob. 9.25BECh. 9 - Prob. 9.26BECh. 9 - Prob. 9.27BECh. 9 - Prob. 9.28BECh. 9 - LO 4 (Learning Objective 4: Account for deferred...Ch. 9 - Prob. 9.30BECh. 9 - Prob. 9.31BECh. 9 - Prob. 9.32BECh. 9 - A bond with a face amount of 12,000 has a current...Ch. 9 - The carrying value on bonds equals Bends Payable...Ch. 9 - Prob. 9.35QCh. 9 - Prob. 9.36QCh. 9 - Prob. 9.37QCh. 9 - Prob. 9.38QCh. 9 - Prob. 9.39QCh. 9 - Prob. 9.40QCh. 9 - Prob. 9.41QCh. 9 - Prob. 9.42QCh. 9 - Prob. 9.43QCh. 9 - Prob. 9.44QCh. 9 - Prob. 9.45QCh. 9 - Prob. 9.46QCh. 9 - Prob. 9.47QCh. 9 - Prob. 9.48QCh. 9 - Prob. 9.49QCh. 9 - Prob. 9.50APCh. 9 - (Learning Objectives 1, 6: Issue bonds at a...Ch. 9 - Prob. 9.52APCh. 9 - Prob. 9.53APCh. 9 - (Learning Objectives 2, 3, 6: Issue convertible...Ch. 9 - Prob. 9.55APCh. 9 - Prob. 9.56BPCh. 9 - Prob. 9.57BPCh. 9 - Prob. 9.58BPCh. 9 - Prob. 9.59BPCh. 9 - (Learning Objectives 2, 3, 6: Issue convertible...Ch. 9 - (Learning Objectives 4, 5, 6: Report liabilities...Ch. 9 - Prob. 9.62CEPCh. 9 - Prob. 9.63CEPCh. 9 - Prob. 9.64SCCh. 9 - (Learning Objective 5: Explore an actual...Ch. 9 - Prob. 1FF
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