Critical Financial Accounting Problems Issues and Solutions 9 pptx

... quoted at 99 and the warrants at $3 each. The proceeds of the bonds are allocated as follows: 1. Amount Allocated to Bonds ϭ $99 0 ϫ 400 (99 0 ϫ 400) ϩ (3 ϫ 400 ϫ 10) ϫ $404,000 ϭ $ 392 ,117.68 2. ... end of March 199 6 to record the accrual is as follows: Interest Expense $5,386.085 Premium on Bonds Payable $613 .91 5 Interest Payable $6,000.000 24 Critical Financial Accounting P...

Ngày tải lên: 20/06/2014, 18:20

... Standards No. 6. Stamford, Conn.: FASB, 197 5. ‘‘Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments.’’ Statement of Financial Accounting Standards No. 1 19. Norwalk, ... 199 4. ‘‘Disclosure of Information about Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk.’’ Statement of...

Ngày tải lên: 20/06/2014, 18:20

... 2000 ϭ $ 198 ,130.68 2. Plus: Discount Amortization up until November 1, 2000 ϭ 1,246. 09 3. Book Value 199 ,376.77 B. Selling Price of Bonds 199 ,500.00 C. Gain on Sale of Bonds ($ 199 ,500 Ϫ $ 199 ,376.77) ... gains and losses accounted for as a sep- 62 Critical Financial Accounting Problems Retained Earnings $250,000 Total $600,000 The Monti Company paid, on June 15, 199 6, a ca...

Ngày tải lên: 20/06/2014, 18:20

... end of 199 5 $24,000 2. Deferred tax liability at the beginning of 199 5 -0- 3. Deferred tax expense for 199 5 $24,000 4. Current tax expense for 199 5 56,000 5. Total Income Tax Expense for 199 5 $80,000 The ... the beginning of 199 7 $4,000 3. Deferred tax expense (benefits) for 199 7 4,000 4. Current tax expense for 199 7 40,000 5. Total income tax expense for 199 7 $44,000 G. The basic...

Ngày tải lên: 20/06/2014, 18:20

... on December 31, 199 6 Interest Expense $3,682 .91 5 136 Critical Financial Accounting Problems B. If the lease involves both land and building and meets the owner- ship conditions and the bargain ... Accounting Horizons (March 199 1). 6. ‘ Accounting for Leases,’’ par. 7. 7. Ibid. 8. ‘ Accounting for Leases,’’ par. 5(1). 9. Ibid., par. 5(k). 134 Critical Financial Acco...

Ngày tải lên: 20/06/2014, 18:20

... M., and E. Cominsky. ‘‘Segmental Financial Disclosure by Diver- sified Firms and Security Prices: A Comment.’’ Accounting Review 50 (October 197 5), pp. 818–21. 160 Critical Financial Accounting Problems by ... ‘‘Push- Down Accounting, ’’ Issues Paper by the Task Force on Consolidation Problems, Accounting Standards Division, New York, October 30, 197 9. 42. P. L. Defliese...

Ngày tải lên: 20/06/2014, 18:20

... speculation. 180 Critical Financial Accounting Problems NOTE 1. Bill Jarnagin, Financial Accounting Standards: Explanation and Analysis (Chicago: Commerce Clearing House, 198 8), pp. 97 7–78. SELECTED ... READINGS Kieso, Donald E., and Jerry J. Weygandt. Intermediate Accounting, 4th ed. New York: John Wiley & Sons, 199 5. Nikolai, Loren A., and John D. Bazely. Intermed...

Ngày tải lên: 20/06/2014, 18:20

... Conn.: FASB, 199 0. ‘‘Disclosure of Long-Term Obligations.’’ Statement of Financial Accounting Standards No. 47. Stamford, Conn.: FASB, 198 1. 44 Critical Financial Accounting Problems ACCOUNTING ... Standards No. 6. Stamford, Conn.: FASB, 197 5. ‘‘Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments.’’ Statement of Financial Account...

Ngày tải lên: 21/06/2014, 04:20

... 2000 ϭ $ 198 ,130.68 2. Plus: Discount Amortization up until November 1, 2000 ϭ 1,246. 09 3. Book Value 199 ,376.77 B. Selling Price of Bonds 199 ,500.00 C. Gain on Sale of Bonds ($ 199 ,500 Ϫ $ 199 ,376.77) ... Account- ing Standards No. 5 (Stamford, Conn.: FASB, 197 5), par. 15. 3. Donald E. Kieso and Jerry J. Weygandt, Intermediate Accounting, 4th ed. (New York: John Wiley & Sons,...

Ngày tải lên: 21/06/2014, 04:20

... over 94 Critical Financial Accounting Problems Exhibit 4 .9 Tucker Company: Income Statement for the Year 199 7 Exhibit 4.8 Tucker Company: Schedule of Income Tax Expense for 199 7 104 Critical Financial ... service cost for 199 6 is: $18,000 90 Critical Financial Accounting Problems First Example of Intraperiod Tax Allocation A. The income, gains and losses of the Pr...

Ngày tải lên: 21/06/2014, 04:20