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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
Solutions Manual 4-1 Chapter 4
Copyright © 2010 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is
strictly prohibited.

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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 – 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
Solutions Manual 4-2 Chapter 4
Copyright © 2010 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is
strictly prohibited.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

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
Solutions Manual 4-3 Chapter 4
Copyright © 2010 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is
strictly prohibited.
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