Professional Documents
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INTERMEDIATE ACCOUNTING
Thirteenth Edition
Donald E. Kieso,
Ph.D., C.P.A.
KPMG Peat Marwick Emeritus Professor of Accounting Northern Illinois University DeKalb, Illinois
Jerry J. Weygandt,
Ph.D., C.P.A.
Terry D. Warfield,
Ph.D.
Associate Professor Director, Anderson Center for Financial Reporting and Control University of Wisconsin Madison, Wisconsin
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Contents
Volume II Preface to the Instructor Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Chapter 21 Chapter 22 Chapter 23 Chapter 24 Stockholders Equity Dilutive Securities and Earnings Per Share Investments Revenue Recognition Accounting for Income Taxes Accounting for Pensions and Postretirement Benefits Accounting for Leases Accounting Changes and Error Analysis Statement of Cash Flows Full Disclosure in Financial Reporting
Brief Exercises. Each brief exercise focuses on one concept or procedure. Because these brief exercises are straightforward and simple, they build the students confidence and test basic skills. Exercises.Generally, the exercises cover a specific topic and require less time and effort to solve than the problems. In addition to serving as supplemental assignment material, the exercises may be used for class discussion and for examination purposes. Problems.Whereas the goal of the exercises is brevity of solution time and coverage of essential principles or methodology with minimum difficulty, the problems are designed to develop a professional level of achievement and, therefore, are generally more challenging to solve. We have arranged the problems, as much as possible, from least to most difficult in the same order as the discussion in the chapter. Some of the problems are routine and can be solved by following procedures that are illustrated in the textbook. The more difficult problems may blend a diversity of principles into a single situation requiring a series of steps, computations, or solutions and demand interpretation, analysis, and judgment. Many of the problems (indicated by AICPA, CMA, or CIA Adapted) have been adapted from the Uniform CPA, CMA, or CIA Examinations. In most instances, the solutions to these problems include all the information from the unofficial CPA, CMA, or CIA examination solution. Generally, the students will not furnish a solution in the same detail. Additionally, a far greater number of problems have been provided than the instructor can reasonably use in a single offering of the course. Concepts For Analysis.The concepts for analysis, many of which are adoptions from the Uniform CPA Examination, generally require essay as opposed to quantitative solutions. They are intended to confront the student with situations, frequently unstructured, calling for in-depth analysis and the exercise of judgment in identifying problems and evaluating alternatives. Using Your Judgment.This section of assignment material has been expanded and revised for this 13th edition. The financial reporting problems have been adapted to the Annual Report financial information found in the text. Many of the financial statement analysis cases (using real-world companies), the comparative analysis cases, and the international reporting cases have been updated for this edition. The professional research elements (now called Professional Research FASB Codification) elements have been adapted to accounting research based on the FASB Codification (which is scheduled to go effective in 2009). The professional simulations are patterned after the computerized CPA exam, which was introduced in 2004. (Note that the research cases, many of which require either library research or Internet research have been moved to the Book Companion Site.)
SUMMARY
The solutions have been painstakingly prepared, reviewed, and tested to provide instructors error-free materials. To the extent that we have not, we invite the users of our textbook to inform us directly of the reactions and suggested improvements. All solutions manuals are available at no cost for use by instructors adopting the textbook.
ACKNOWLEDGMENTS
We sincerely thank the following individuals for their expert assistance in reviewing and checking the material contained in this Solutions Manual: John Borke, University of WisconsinPlatteville; LuAnn Bean, Florida Institute of Techonology; Jack Cathey, University of North CarolinaCharlotte; James M. Emig, Villanova University; Larry Falcetto, Emporia State University; Mark Kohlbeck, Florida Atlantic University; Kevin McNelis, New Mexico State University; John Plouffe, California State UniversityLos Angeles; Lynn Stallworth, Appalachian State University; Dick Wasson, Southwestern College. We thank development editor, Ann Torbert, Jennifer Battista, Dorothy Sinclair, and Ed Brislin of John Wiley & Sons, and Amanda Zagnoli of Elm Street Publishing Services for preparing this manual for publication. Donald E. Kieso Jerry J. Weygandt Terry D. Warfield