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CHECKLIST OF KEY FIGURES to accompany Kieso Intermediate Accounting, Thirteenth Edition © John Wiley & Sons, Inc. Chapter 3 3-1 (c) Net income for September, $6,007. (e) Post-closing trial balance, total debits, $36,975. 3-2 (b) Net income, $36,450. Total assets, $67,000. 3-4 (b) Adjusted trial balance total $1,004,700. (c) Net loss $(5,600). Total assets, $202,900. (e) Post-closing trial balance total, $241,900. 3-6 (b) Net income, $50,620. Total assets, $101,400. 3-7 (b) Net income, $25,500. Total assets, $57,250. 3-8 (c) Adjusted trial balance total, $839,660. (d) Net income credited to Retained Earnings, $31,640. 3-9 (c) Retained Earnings credit, $45,790. 3-10 (a) Net loss, cash basis, $31,500. Net income, accrual basis, $13,900. (b) Total assets, cash basis, $58,500. Total assets, accrual basis, $108,900. 3-11 (a) Total debits, adjustments column, $59,200. (b) Total assets, $203,500. (e) Post-closing trial balance total, $245,500. C.A.C. (a) PepsiCo’s percentage increase, 15.7%. (c) Coca-Cola’s PPE & IA, $11,303,000,000. F.S.A.C. (a) Percentage change in: sales, (1.10)%; net earnings, 9.85%.

$19,200. (b) Total assets, $252,000. 5-7 (a) Net cash provided by operating activities, $41,200. (b) Total assets, $289,200. F.R.P. (e) (2) Cash debt coverage ratio, .19:1. C.A.C. (f) Free cash flow (PepsiCo), $2,300. F.S.A.C. 4(a) Free cash flow-06, $486.

Chapter 4 4-1 Income from continuing operations, $2,416,000. Net income, $1,496,000. 4-2 Net income, $86,100. 4-3 Income from continuing operations, $618,150. Net income, $489,050. 4-4 (a) Net income, $221,525. (b) Retained earnings, June 30, $494,825. 4-6 (a) Net income for year, $52,300. 4-7 Income from continuing operations, $744,000. F.R.P. (c) Gross profit increase, 13%. C.A.C. (b) Gross profit-2007 (PepsiCo), $21,436. F.S.A.C. 2 Earnings per share $.32. F.S.A.C. 3 (b) Hershey’s PSR, 1.82. P.S. (d) Net income, $462,000.

Chapter 7 7-1 (b) Current ratio after adjustment, 1.75 to 1. 7-2 4. Accounts receivable balance, $1,010,000. 7-3 (a) Allowance for Doubtful Accounts, $45,000. 7-4 Balance adjusted, 12/31/10, $263,600. 7-5 Adjustment to allowance for doubtful accounts, $7,279.64. 7-7 (a) August 31 cash collected, $9,550. 7-9 (a) Discount on notes receivable, credited, $17,951. (b) Interest revenue for 2011, $6,825. 7-10 (a) Total long-term receivables, $1,097,148. (c) Total interest income, $151,873. 7-11 Total expenses, $52,320. 7-12 (b) Correct cash balance, $8,918. 7-13 Corrected balance, June 30, $5,403.95. 7-14 Correct cash balance, $51,478.69. 7-15 (d) Impairment loss, $317,535. C.A.C. (c) Receivables turnover (Coca-Cola), 9.8. F.S.A.C. 2 Receivables turnover, 4.95. P.S. Total current assets, $182,550.

Chapter 5 5-2 Total assets, $4,504,850. 5-3 Total assets, $1,154,200. 5-4 Total assets, $2,476,000. 5-5 Total assets, $3,115,000. 5-6 (a) Net cash provided by operating activities,

Chapter 6 6-1 (b) Combined present value (purchase price), $264,663.21. (d) Cost of tractor, $44,838.20. 6-2 (a) R=$8,461.33. 6-3 PV of outflows (Bid A), $129,881.13. 6-4 PV of annuity, $286,297.20. 6-5 PV of option (c), $64,314.61. 6-6 PV of net cash inflows, $66,935.58. 6-7 (c) Amount received on sale of note, $738,223.36. 6-8 Total cost from Vendor A, $175,602.26. 6-9 (b) Fair value of note, $83,055.75. 6-10 1. Net purchase costs, $2,151,396. 6-11 (c) Annual deposit, $9,419. 6-13 Total estimated liability, $12,810.51. 6-14 Estimated fair value, $9,672.52. 6-15 (a) PV of annuity, $64,269. F.S.A.C. (b) Present value of net cash flows, $298,422. P.S. Combined PV (Proceeds), $107,985.10.


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Chapter 8 8-1 4. Dollar-value LIFO inventory, $261,920. 8-2 Adjusted inventory, $1,715,000. 8-4 (b) LIFO inventory, $1,915. 8-5 (b) LIFO inventory, $3,350. 8-6 (d) Perpetual LIFO cost of goods sold, $92,600. (f) Moving average inventory balance, $28,600. 8-7 New amount for retained earnings at 12/31/11 $226,400. 8-8 (a) 6. Cost of goods sold, $11,799,080. 8-9 (b) Inventory at 12/31/10 $766,500. 8-10 Inventory at 12/31/10 $73,192. 8-11 (a) Inventory at 12/31/10, $110,600. F.S.A.C. 1 (a) Income before taxes, $17,846,000. F.S.A.C. 3 FIFO cost of sales-07, $29,089. Chapter 9 9-2 (a) 2. Loss due to market decline, $7,100. 9-4 Fire loss on inventory, $58,250. 9-5 Inventory fire loss, $50,700. 9-6 (b) Inventory at lower-of-average-cost-or-market, $52,290. 9-7 Ending inventory at cost, $305,000. 9-8 (a) Ending inventory at lower-of-cost-or-market, $64,588. 9-9 (a) Raw materials inventory, $237,400. 9-10 Loss due to market decline, $950. 9-11 (b) Cost of ending inventory using dollar-value LIFO, $39,072. 9-12 (b) Estimated ending inventory at LIFO cost, $83,000. 9-13 (b) Cost of 12/31/10 ending inventory under LIFO, $23,615. 9-14 (b) Cost of ending inventory under LIFO retail, $34,500. (c) Cost of 2011 ending inventory under dollar-value LIFO, $32,190. F.R.P. (d) Inventory turnover 5.60. C.A.C. (d) Days to sell inventory (PepsiCo), 42 days. P.S. Loss due to market decline, $4,000. Chapter 10 10-1 (a) Land balance- 12/31/10, $1,614,000. 10-2 (a) Machinery and equipment balance- 12/31/10, $1,295,000. 10-3 (a) 1. Land, $188,700. Building, $136,250. 10-5 (b) Cost of building, $3,423,000. 10.6 (b) Building balance- 12/31/11, $682,248. 10.7 (b) Avoidable interest, $140,000. 10-8 3. Gain recognized-Liston, $10,000. 10-9 (b) Gain recognized-Wiggins, $2,400. 10-10 (d) Gain recognized-Marshall, $7,000. 10-11 (b) Transaction 1, asset cost, $23,115. F.S.A.C. (d) Free cash flow, $7,637,000,000. P.S. Pretax loss, $1,000.

Chapter 11 11-1 (a) Depreciation base (SL), $86,400. 11-2 Depreciation expense-2011 (SYD method), $19,250. 11-3 (d) Depreciation expense-Asset E, $5,600. 11-4 (a) Semitrucks balance, 12/31/11, $152,000. (b) Depreciation expense adjustment in 2011 credit of $14,000. 11-5 (b) Depreciation expense (Bldg. and Mach.), $5,250. 11-6 (c) Extraordinary loss, $1,360,000. 11-7 Depletion for 2012, $774,440. 11.8 (a) (2) Building cost, $198,000. 11.9 Loss on impairment, $1,900,000. 11-10 (13) $52,000. 11-11 (b) Depreciation expense - year 2 (SYD method), $23,800. 11-12 (a) Accumulated depreciation (DDB method), 12/31/10, $806,400. C.A.C. (c) (3) Rate of return on assets (PepsiCo), 17.5%. P.S. Gain on sale, $29,000. Chapter 12 12-1 Patent amortization for 2010, $9,170. 12-2 (c) Carrying value, 12/31/11, $31,200. 12-3 (b) Total expenses for 2010, $61,288. 12-4 (b) Patent, $72,600. 12-5 (c) Impairment loss, $200,000. 12-6 (a) Total intangibles, $203,700. F.R.P. (b) Percentage of sales revenue-2007, 2.76%. C.A.C. (a) (2) Percentage of total assets (PepsiCo), 20.8%. P.S. Impairment loss, $16,250. Chapter 13 13-3 Total income tax withholding for month, $416. 13-4 (a) Total income tax withholding, $3,350. 13-5 (b) Warranty expense, $136,000. 13-7 (a) (3) Warranty expense, $117,000. 13-8 Cost of estimated claims outstanding, $23,100. 13-9 (b) Premium expense for 2011, $78,000. 13.12 (3) Premium expense for 2010, $54,000. 13-14 1. Liability balance, $224,300. F.R.P. (b) Acid-test ratio, .40. C.A.C. (b) Acid-test ratio (Coca-Cola), .58. Chapter 14 14-1 (e) Bond interest expense -2004, $11,322. 14.2 (c) Loss on redemption, 58,195. 14.3 (c) Quarterly payments, $4,503. 14-4 (a) Loss on bond redemption, 1/2/11, $180,000. 14-5 1. Discount on bonds (Sanford Co.), 3/1/10, $27,910. Discount on Bonds Payable credited 12/31/10, $2,350.


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2. Premium on Bonds Payable debited 12/1/10, $2,707. 14-6 Gain on Retirement of Bonds credited 4/1/11, $12,351.72. 14-7 (d) Loss on bond redemption, 3/1/11, $369,000. 14-8 (b) Depreciation expense-2011, $67,961.20. (c) Interest expense-2012, $45,078.66. 14-9 (b) Discount on Notes Payable credited, 12/31/10, $10,598.82. (d) Interest Expense-2012, $5,706.46. 14-10 (b) Interest expense for 2010, $65,699. 14-12 (b) Loss on restructuring, $237,311. 14-13 (c) Frontenac National Bank’s loss on restructuring, $1,243,400. 14-14 (c) Loss on restructuring, $63,000. F.R.P. (b) Times interest earned, 12.28 times. C.A.C. (a) Times interest earned (Coca-Cola), 18.27 times. P.S. Bond price, $5,307,228.36. Chapter 15 15-1 (b) Total stockholders’ equity, $933,300. 15-2 (b) Total stockholders' equity, $844,600. 15-3 Total stockholders’ equity, $45,942,000. 15-6 (b) Total stockholders’ equity, $760,100. 15-7 (a) Cash dividend to common, $89,610. 15-9 Total paid-in capital, $1,028,700. Total stockholders’ equity, $1,246,900. 15-11 (c) Total stockholders’ equity, $61,900,000. 15-12 Total paid-in capital, $5,737,300. Total stockholders’ equity, $6,088,000. F.R.P. (f) Return on common stock equity, 2007, 16.1%. C.A.C. (f) Rate of return on common stock equity, 2007 (Coca-Cola), 30.9%. Chapter 16 16-1 (b) Total stockholders’ equity, $5,078,000. 16-2 (c) Total bond interest expense for 2011, $292,675. 16-5 (b) Diluted EPS, $1.28. 16-6 (b) Weighted shares 5/31/11, $2,200,000. 16-7 (b) Shares to compute diluted EPS, $5,791,000. (c) Adjusted net income for basic EPS, $10,350,000. 16-8 (b) Diluted EPS, $1.56. 16-9 (b) 2010 EPS, $.10. P.S. Diluted EPS, $2.56. Chapter 17 17-1 (f) Securities fair value adjustment, 12/31/11, $122. 17-2 (d) Securities fair value adjustment, 12/31/11, $10,348. 17-3 (c) Securities fair value adjustment, 12/31/10, $15,751. 17-4 (c) Securities fair value adjustment, 12/31/11, $16,292. 17-5 (c) Securities fair value adjustment, 12/31/11, $18,620. 17-6 (a) 3. Securities fair value adjustment, 9/30/10,

17-7 17-8 17-9 17-10 17-11 17-12 17-13 17-15 17-16 17-17 17-18 P.S.

$9,000. (a) Securities fair value adjustment, 12/31, $26,000. (a) 1. Securities fair value adjustment (trading), $80,000. (b) Securities fair value adjustment, $27,000. (b) Comprehensive income, $55,000. (a) 8. Securities fair value adjustment, 12/31/11 $4,200. (c) Loss on Sale of Securities, $10,800. (d) Value of call option, $1,230. (d) Value of put option, $3,225. (a) (3) Cash settlement, $50,000. (b) Unrealized holding gain, $5,000. (c) Other income, $(335). Securities fair value adjustment, 12/31/10, $29,700.

Chapter 18 18-1 (b) Revenue to be recognized in 2010 (Depp), $9,000,000. 18-2 (a) Gross profit recognized in 2011, $90,000. 18-3 (a) Gross profit recognized in 2011, $390,000. 18-4 (a) Gross profit recognized in 2011, $410,000. 18-6 (a) Loss recognized in 2011, $130,000. 18-7 (a) Loss recognized in 2011, $180,000. 18-8 (a) Gross profit realized in 2012, 98,400. 18-9 Gross profit realized on installment sales, 2012, $113,600. 18-10 (b) Gross profit realized in 2011, $72,400. 18-11 (a) Loss on repossession, $5,600. 18-12 (a) Rate of gross profit, 2011, 38%. (b) Net income for 2011, $91,200. 18-13 5. Loss on repossession, $116. 18-14 (a) 1. Cost of goods sold, 2012, $112,200. (c) Loss on repossessions, 2012, $1,420. (d) Net income for 2012, $11,144. 18-15 (b) Loss to be recognized, 2011, $300,000. 18-16 Gross profit recognized in 2011, $135,000. 18-17 (b) Gross profit, $109,200. P.S. Net income, $1,364,600. Chapter 19 19-1 (c) Deferred tax asset, $14,000; liability, $42,000. (d) Net income $542,000. 19-2 (a) Deferred tax liability in 2010, $49,000; in 2011, $7,000 + $50,000; in 2012, $48,000; Deferred tax benefit in 2013, $44,000. (b) Net income for 2011, $173,000. 19-3 (b) Income tax expense, $469,000. (c) Net income, $931,000. 19-4 (a) Taxable income for 2010, $744,200. (b) Income tax expense for 2010, $227,760. 19-5 (c) Net loss, $113,000. (d) Income tax payable for 2011, $8,000. 19-6 1. Deferred tax asset, $560.


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19-7 19-8 19-9 P.S.

2. Deferred tax asset, $690. (a) Deferred tax liability in 2010, $16,000; deferred tax benefit in 2011, $7,000; in 2012, $7,000. (b) Income tax expense for 2010, $106,000. (d) Deferred tax asset (current), $30,000. Deferred tax asset (noncurrent), $54,000. (a) Taxable income, $62,000. (b) Deferred tax asset, $2,000; liability $18,000. Taxable income, $55,100.

Chapter 20 20-1 (a) Pension expense 2010, $348,000; 2011, $450,640. 20-2 (a) Pension expense 2009, $21,000; 2010, $95,100; 2011, $89,370. 20-3 (a) Pension expense for 2010, $85,000. 20-4 (a) Pension expense for 2010, $109,000. 20-5 (a) Pension expense for 2012, $131,367. 20-6 (b) Pension expense for 2010, $566,667. (d) Net gain, 12/31/10, $875,000. 20-7 Pension expense for 2010, $146,100. 20-8 (a) Pension expense for 2010, $129,000; 2011, $134,223. 20-9 (c) Pension expense for 2011, $432,440. 20-10 (a) Pension expense for 2010, $60,500. 20-11 (a) Pension expense for 2011, $102,292. 20-12 (a) Pension expense for 2011, $59,700 20-13 (a) Postretirement expense for 2010, $80,000. 20-14 (c) Postretirement expense for 2011, $221,800. P.S. Pension expense, $113,250. Chapter 21 21-1 (c) Present value of minimum lease payments, $681,741. 21-3 (a) Present value of payments, $3,000,000. (e) Interest expense/revenue for 2011, $206,882. 21-4 (b) 1. Interest expense, $5,942. 3. Interest expense, $22,795. 21-5 (b) 1. Interest revenue, $5,942. 3. Interest revenue, $22,795. 21-6 (a) Balance of lease liability, 1/1/12, $331,521. 21-7 (b) Balance of lease liability, 12/31/12, $69,420. 21-8 (e) Balance of lease liability, 1/1/12, $328,012. 21-10 (b) Lease receivable, beginning of year 6, $139,213. 21-11 (b) Lease liability at beginning of year 8, $69,423. 21-12 (a) Discounted present value, 1/1/10, $7,635,410. 21-13 (b) Lease receivable, beginning of year 7, $159,454. Total interest on lease receivable, $203,676. 21-14 (b) Lease liability, beginning of year 7, $159,454. 21-16 (b) Lessee interest expense, 12/31/11, $17,109. F.S.A.C. (d) Estimated liability, $3,254,718. P.S. Balance of lease liability, 1/1/12, $227,201.94. Chapter 22 22-1 (a) 2. Depreciation expense-2010, $20,250. 22-2 (b) Net income for 2011, $274,000.

22-3 22-4 22-5 22-6 22-9 22-10 22-11 22-12 P.S.

3. Depreciation expense decrease, $4,800. (a) Net income, $3,500,000. Net income for 2010, $514. Retained earnings at 5/31/09, $2,315. (b) Retained earnings at 12/31/10, $874,700. Corrected net income, 2010, $38,740. (a) Corrected income before taxes, 2009, $65,744; 2010, $117,335; 2011, $94,611. (b) Income from investment for 2011, $170,000. Prior period adjustment, 1/2/11, $19,000. Diluted EPS, $2.63.

Chapter 23 23-1 Net cash provided by operating activities, $425,000. 23-2 Net cash provided by operating activities, $7,300. 23-3 Cash payments for merchandise, $1,270. 23-4 Cash payments for operating expenses, $226,350. 23-5 Net cash used by operating activites, $22,207. Net cash used by investing activities, $274,404. 23-6 (a) Net cash provided by operating activities, $43,425. 23-7 (b) Cash received from customers, $1,238,250. Net cash provided by operating activities, $151,250. 23-8 (a) Net cash provided by operating activities, $48,000. 23-9 Net cash provided by operating activities, $2,500. C.A.C. (e)1. Current cash debt coverage ratio, (PepsiCo), .95:1. F.S.A.C. (b) Cash debt coverage ratio, .070:1. Chapter 24 24-1 Total current assets, $1,620,800. 24-2 (b) Revenues from reportable segments, $575,000. 24-3 (a) (4) Return on assets for 2011, 20.4%. (c) Net income for 2013, $536.6. 24-4 (b) Percent change for total assets, 19.93%. 24-5 (b) 2011: Rate of return on assets, 10.9%; Priceearnings, 7.5 times; Current ratio, 1.82:1. F.S.A.C. (a) Times interest earned, 8.84. Asset turnover, 1.85 times.

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