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Chapter 4

# MGAC01H3 Chapter 4: sm04.doc

Department
Financial Accounting
Course Code
MGAC01H3
Professor
Daga
Chapter
4

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Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Ninth Canadian Edition
CHAPTER 4
REPORTING FINANCIAL PERFORMANCE
ASSIGNMENT CLASSIFICATION TABLE
Brief
Exercises Exercises Problems
Writing
Assignments
1. Income measurement
concepts.
12, 14, 16 1, 3
2. Calculation of net
income.
1, 7, 12 1, 2, 3 6, 7, 8, 9
3. Single-step income
statements; earnings
per share.
1, 2, 4, 5,
8, 9
4, 5, 6, 7,
8, 9, 13,
14
1, 2, 3, 4,
5, 8, 9, 11,
12, 16, 17
4. Multiple-step income
statements.
3 5, 6, 8, 9,
10
1, 4, 6, 8,
15
5. Unusual items. 5 6, 8, 10,
13
1, 3, 5, 6,
8, 11, 13,
15, 16
5, 6
6. Disposal of a segment
(discontinued
operations).
4, 6 7, 11, 12,
13, 14
1, 3, 6, 9,
10, 11
7. Retained earnings
statement.
10, 11 7, 10, 15 2, 3, 4, 5,
6, 7, 8, 15
8. Accounting principle
changes; changes in
estimates; errors.
11 10 5, 7, 8, 9
9. Comprehensive
income.
7, 12 15,16, 17 11, 15 4
10. Cash basis* 13 18 17, 18 2
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Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Ninth Canadian Edition
* This material is covered in an Appendix to the chapter.
ASSIGNMENT CHARACTERISTICS TABLE
Item Description
Level of
Difficulty
Time
(minutes)
E4-1 Calculation of net income. Simple 18-20
E4-2 Calculation of net income â€“ proprietorship. Simple 18-20
E4-3 Income statement items. Simple 18-20
E4-4 Single-step income statement. Moderate 20-25
E4-5 Multiple-step and single-step. Simple 30-35
E4-6 Multiple-step and single-step. Moderate 30-40
E4-7 Combined single-step. Moderate 25-30
E4-8 Multiple-step and unusual items. Moderate 30-35
E4-9 Condensed income statement. Moderate 20-25
E4-10 Multiple-step statement, with retained
earnings.
Simple 30-40
E4-11 Discontinued operations. Moderate 15-20
E4-12 Discontinued operations. Moderate 20-25
E4-13 Earnings per share. Simple 20-25
E4-14 Earnings per share. Moderate 15-20
E4-15 Retained earnings statement. Simple 20-25
E4-16 Comprehensive income. Simple 15-20
E4-17 Comprehensive income. Simple 15-20
*E4-18 Cash and accrual basis. Moderate 10-15
P4-1 Multiple-step income statement Moderate 40-45
P4-2 Single-step income statement and retained
earnings statement.
Simple 25-30
P4-3 Irregular items. Moderate 35-45
P4-4 Multiple- and single-step income statement
and retained earnings.
Moderate 45-55
P4-5 Irregular items. Moderate 30-35
P4-6 Comprehensive combined statement of
income and retained earnings.
Moderate 45-50
P4-7 Retained earnings statement, correction of
error and change in accounting principle.
Moderate 25-35
P4-8 Income statement and irregular items. Moderate 35-45
P4-9 Income statement and irregular items. Moderate 25-35
P4-10 Discontinued operations. Moderate 35-45
P4-11 Identification of income statement
deficiencies.
Simple 35-45
P4-12 Identify income statement deficiencies. Simple 20-25
P4-13 Unusual items. Moderate 20-25
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Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Ninth Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE
(CONTINUED)
Item Description
Level of
Difficulty
Time
(minutes)
P4-14 Earnings management. Moderate 20-25
P4-15 All-inclusive vs. current operating. Moderate 35-45
P4-16 Identification of income statement
weaknesses.
Moderate 30-40
*P4-17 Cash and accrual basis. Moderate 35-40
P4-18 Cash and accrual basis. Complex 40-50
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