Solution Manual for Intermediate Accounting Volume 2 8 th Edition Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel Chapter 12-22
Chapter 12: Financial Liabilities and Provisions Case
12-1 12-2 12-3
Winter Fun Incorporated Prescriptions Depot Limited Camani Corporation Suggested Time
Technical Review TR12-1 Financial liabilities and provisions (IFRS) ...... TR12-2 Financial liabilities and provisions (ASPE) ..... TR12-3 Provision, measurement ................................... TR12-4 Guarantee ......................................................... TR12-5 Provision, warranty .......................................... TR12-6 Foreign currency .............................................. TR12-7 Note payable .................................................... TR12-8 Discounting, note payable ................................ TR12-9 Discounting, provision ..................................... TR12-10 Classification, liabilities................................... Assignment A12-1 A12-2 A12-3 A12-4 A12-5 A12-6 A12-7 A12-8 A12-9 A12-10 A12-11 A12-12 A12-13 A12-14 A12-15 A12-16 A12-17 A12-18 A12-19 A12-20
10 10 10 10 5 5 5 10 10 10
Financial versus non-financial liabilities……. 10 Common financial liabilities………………… 10 Common financial liabilities ............................ 10 Common financial liabilities: taxes ................. 20 Common financial liabilities: taxes ................ 20 Foreign currency payables……………………. 10 Foreign currency payables ............................... 10 Common financial liabilities and foreign currency 25 Provisions......................................................... 20 Provisions ........................................................ 20 Provisions......................................................... 20 Provision measurement .................................... 15 Provision measurement .................................... 15 Provisions; compensated absences…………... 15 Provisions; compensated absences .................. 15 Provisions; warranty ........................................ 15 Provisions; warranty ....................................... 20 Provisions; warranty ....................................... 25 Discounting; no-interest note ........................... 15 Discounting; low-interest note ........................ 20
Solutions Manual to accompany Intermediate Accounting, Volume 2, 8th edition
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