Financial Accounting: An Integrated Statements Approach, 2nd Edition

Liabilities

CHAPTER OUTLINE LEARNING GOALS IN-TEXT EXERCISES AND PROBLEMS

Current Liabilities

• Accounts Payable


• Notes Payable


• Payroll Liabilities

Learning Goal 1:Describe and

illustrate current liabilities related to

accounts payable, notes payable,

and payroll transactions.

Exercises

10-1 (spreadsheet), 10-2, 10-3,

10-4, 10-5, 10-6, 10-11, 10-12,

10-13, 10-14, 10-15

Accounting Application Problems

10-1A, 10-2A, 10-1B, 10-2B

Long-Term Liabilities

• Present Value Concepts


• Bonds Issued at Face Value


• Bonds Issued at Discount


• Bond Discount Amortization


• Bonds Issued at a Premium


• Amortizing a Bond Premium


• Bond Redemption


• Zero-Coupon Bonds

Learning Goal 2:Describe the charac-

teristics of long-term liabilities and

apply present value concepts to bonds

payable.

Exercises

10-16, 10-17, 10-18, 10-19,

10-20, 10-21, 10-22, 10-23,

10-24, 10-27, 10-28

Accounting Application Problems

10-3A, 10-4A, 10-5A, 10-3B,

10-4B, 10-5B

Deferred Liabilities

• Deferred Revenue


• Deferred Income Taxes

Learning Goal 3: Describe and

illustrate deferred liabilities related to

unearned revenue and deferred taxes.

Contingent Liabilities Learning Goal 4: Identify the charac-

teristics of contingent liabilities.

Exercises

10-7, 10-8, 10-9, 10-10

Reporting Liabilities

• Current Maturities of Long-Term Debt


• Long-Term Liability Disclosures


• Contingent Liabilities

Learning Goal 5:Illustrate the report-

ing of liabilities on the balance sheet.

Current Liquidity Analysis

• Long-Term Liability Analysis

Learning Goal 6:Analyze and inter-

pret long-term liability position with

the number of times interest charges

are earned and the ratio of total lia-

bilities to total assets.

Exercises

10-25, 10-26

Appendix: Effective Interest Rate

Method of Amortization

• Amortization of Discount
  by the Interest Method


• Amortization of Premium
  by the Interest Method

10 chapter