Accounting. Revenue Recognition Assignment

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CHAPTER 18

Revenue Recognition

ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)

| | |Brief  | | | Concepts | |Topics |Questions |Exercises |Exercises |Problems |for Analysis | |*1. Realization and recognition; sales |1, 2, 3, 4, |1, 2, 3, |1, 2, 3, 4, |1 |1, 2, 3, 4, | |transactions; high rates of return. |5, 6, 7, 8, |4, 6 |5, 6, 7, 8, | |5, 7, 8, 9 | | |9, 10, 12, 13, 29 | |10, 11 | | | | 2. Consignments. |11, 29 |5 |9 | | | |*3. Long-term contracts. |14, 15, 16, 17, 18,|7, 8, 9, |12, 13, 14, 15,16, |1, 2, 3, 4, 5, 6, |1, 2, 3, 6 | | | |10, 11 |17, 18 |7, 15, 16, 17 | | | |19, 29 | | | | | |*4. Installment sales. |20, 21, 23, 24, 25,|12, 13, 14 |19, 20, 21, 22, 23,|1, 8, 9, 10, 11, |1, 2, 3 | | |26, 27, 28, 29 | |24 |12, 14 | | |*5. Repossessions on | |13 |21, 25, 26 |10, 11, 12, 13, 14| | |installment sales. | | | | | | |*6. Cost-recovery method; |20, 21, 22, |15 |23, 24 | |8, 9 | |deposit method. |30, 31 | | | | | |*7. Franchising. |32, 33, |16 |27, 28 | |10 | | |34, 35 | | | | |

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

ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)

| | Brief | | | |Learning Objectives |Exercises |Exercises |Problems | |1. Apply the revenue recognition principle. | |6, 7, 8, 9 | | |2. Describe accounting issues for revenue recognition at point of sale. |1, 2, 3, 4, 5, 6 |1, 2, 3, 4, 5, 6, 7, 8, |1 | | | |9, 10, 11 | | |3. Apply the percentage-of-completion method for long-term contracts. |7, 8 |12, 13, 14, |1, 2, 3, 4, 5, | | | |15, 16, 17 |6, 7, 16, 17 | |4. Apply the completed-contract method |9, 10 |12, 16, |1, 2,...
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