Accounting Ch17 Answer

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CHAPTER 17
Investments
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. Debt investments. (a) Held-for-collection. (b) Trading. 2. Bond amortization. 3. Equity investments. (a) Non-trading. (b) Trading. Questions 1, 2, 3, 13 4, 5, 6, 8, 11, 13 2, 4, 7, 8, 9, 22 6, 7 1, 12, 17 16, 22 8, 9, 14, 15, 16, 22 17, 18, 19, 20, 21 22 10, 11, 25 23, 27 24 29 30, 31, 32, 33, 34, 35, 36, 37 5 10 11 12 21 22, 23, 24, 25, 26, 27 12 13, 14, 15, 16, 17, 18 7, 8 6 1, 3, 10 2, 4 1, 2, 3 Brief Exercises Exercises 1 2, 3, 4 5 3, 4, 5 1 8, 10, 11 8, 9, 11, 12, 13, 15, 16, 17 13, 14, 17, 18 10, 11 6, 7 19, 20 5, 6, 8, 9, 10, 12 1, 2, 7 1, 3, 4, 7 1, 2 4, 7 3 Problems Concepts for Analysis 4, 7 1, 4 1, 4

3, 5, 6, 8, 9, 1, 2, 3 10, 11 8 5, 8, 9, 10, 11, 12 2, 7 1, 3 1, 3, 7 5, 6

(c)

Equity method.

9

4. Disclosures of investments. 5. Fair value option. 6. Impairments. 7. Transfers between categories. 8. Comprehensive income. *9. Derivatives.

*This material is dealt with in an Appendix to the chapter.

Copyright © 2011 John Wiley & Sons, Inc.

Kieso Intermediate: IFRS Edition, Solutions Manual

17-1

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ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. 5. Describe the accounting framework for financial assets. Understand the accounting for debt investments at amortized cost. Understand the accounting for debt investments at fair value. Describe the accounting for the fair value option. Understand the accounting for equity investments at fair value. Explain the equity method of accounting and compare it to the fair value method for equity securities. Discuss the accounting for impairments of debt investments. Describe the accounting for transfer of investments between categories. Explain why companies report reclassification adjustments. Explain who uses derivatives and why. Understand the basic guidelines for accounting for derivatives. Describe the accounting for derivative financial instruments. Explain how to account for a fair value hedge. Explain how to account for a cash flow hedge. 22, 26 23, 25 24, 27 13, 14, 15 16, 18 17 1, 2, 3 2, 4 5 6, 7, 8, 12 Brief Exercises Exercises 1 2, 3, 4 1, 5, 6, 7 8, 9, 10, 11, 12, 13, 15, 16, 17, 13, 14, 17, 18 1, 2, 7 1, 3, 4, 7 2, 7, 10, 3, 5, 8, 9, 10, 11, 12 6, 8 Problems

6.

9

7. 8. *9. *10. *11. *12. *13. *14.

10 11

19, 20

21

12

17-2

Copyright © 2011 John Wiley & Sons, Inc.

Kieso Intermediate: IFRS Edition, Solutions Manual

Visit Free Slides and Ebooks : http://downloadslide.blogspot.com

ASSIGNMENT CHARACTERISTICS TABLE
Item E17-1 E17-2 E17-3 E17-4 E17-5 E17-6 E17-7 E17-8 E17-9 E17-10 E17-11 E17-12 E17-13 E17-14 E17-15 E17-16 E17-17 E17-18 E17-19 E17-20 E17-21 *E17-22 *E17-23 *E17-24 *E17-25 *E17-26 *E17-27 P17-1 P17-2 P17-3 P17-4 P17-5 P17-6 P17-7 P17-8 P17-9 Description Investment classifications. Debt investments. Debt investments. Debt investments. Debt investments. Fair value option. Fair value option. Entries for equity investments. Equity investments. Equity investment entries and reporting. Equity investment entries and financial statement presentation. Equity investment entries. Journal entries for fair value and equity methods. Equity method. Equity investments—trading. Equity investments—trading. Fair value and equity method compared. Equity method. Impairment. Impairment. Comprehensive income disclosure. Derivative transaction. Fair value hedge. Cash flow hedge. Fair value hedge. Call option. Cash flow hedge. Debt investments. Debt investments, fair value option. Debt and equity investments. Debt investments. Equity investment entries and disclosures. Equity investments. Debt investment entries. Fair value and equity methods. Financial statement presentation of equity investments. Level of Difficulty Simple Simple Simple Simple Simple Simple Moderate...
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