Accounting, 13th - Chapters 13-23) Kieso, Weygandt, Warfield, Wiec...

Intermediate Accounting, 13th Canadian Edition, (Volume 2) Donald Kieso, Jerry Weygandt, Terry Warfield (Solutions Manual All Chapters 13-23) 1 / 4

Kieso, Weygandt, Warfield, Wiecek, McConomy Intermediate Accounting, Thirteenth Canadian Edition

Solutions Manual 13-1 Chapter 13 Copyright © 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.

CHAPTER 13

NON-FINANCIAL AND CURRENT LIABILITIES

Learning Objectives

• Understand the importance of non-financial and current

liabilities from a business perspective.

• Define liabilities, distinguish financial liabilities from other

liabilities, and identify how they are measured.

• Define current liabilities and identify and account for common

types of current liabilities.

• Identify and account for the major types of employee-related

liabilities.

• Explain the recognition, measurement, and disclosure

requirements for decommissioning and restoration obligations.

• Explain the issues and account for product guarantees, other

customer program obligations, and unearned revenue.

• Explain and account for contingencies and uncertain

commitments, and identify the accounting and reporting requirements for guarantees and commitments.

• Indicate how non-financial and current liabilities are

presented and analyzed.

• Identify differences in accounting between IFRS and ASPE,

and what changes are expected in the near future.

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Kieso, Weygandt, Warfield, Wiecek, McConomy Intermediate Accounting, Thirteenth Canadian Edition

Solutions Manual 13-2 Chapter 13 Copyright © 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.

Summary of Questions by Learning Objectives and Bloom’s Taxonomy

Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT Brief Exercises

1. 1 C 8. 3 AP 15. 4 AP 22. 5,9 AP 29. 6,9 AP

2. 3 AP 9. 3 AP 16. 4 AP 23. 6 AP 30. 7,9 AP

3. 3 AP 10. 3 AP 17. 4 AP 24. 6 AP 31. 7 AP

4. 3 AP 11. 3 AP 18. 4 AP 25. 6 AP 32. 8 AN

5. 3 AP 12. 3 AP 19. 4 AP 26. 6 AP 33. 8 AN

6. 2,3 AP 13. 3,9 C 20. 2,5 AP 27. 6 AP 34. 8 AN

7. 3 AP 14. 3,9 C 21. 5,9 AP 28. 6 AP 34. 8 AN

Exercises

1. 2,9 C 8. 3,8,9 AP 15. 5,9 AP 22. 6,9 AP 29. 7,9 C

2. 3 AP 9. 3,8,9 AP 16. 5,9 AP 23. 6,9 AP 30. 8 AN

3. 3 AP 10. 4 AP 17. 6 AP 24. 6,9 AP 31. 8 AN

4. 3,9 AP 11. 4 AP 18. 3,4,6 AP 25. 6 AP 32. 8 AN

5. 3 AP 12. 4 AP 19. 6,9 AP 26. 6,9 AP

6. 3,9 AP 13. 4 AP 20. 6,8,9 AP 27. 6 AP

7. 3,4,6,7,9 C 14. 4,9 AN 21. 6,9 AP 28. 6 AP

Problems

1. 2,3,5,9 AP 5. 4 AP 9. 6,7,9 AP 13. 6,9 AP 17. 7,8,9 AP

2. 2,3 AP 6. 4 AP 10. 6,7,10 AP 14. 6,8,9 AP

3. 2,3,4,6,9 AP 7. 4,9 AN 11. 6,8 AP 15. 6,9 AP

4. 2,3,5,6 AP 8. 5,7 AP 12. 6,7,9 AP 16. 7,8 AP

Cases

1. 6,9 AN 2. 3.

Integrated Cases

1. 7 AN 2. 7 AP 3. 7 AP

Research and Analysis

1. 5,6,7 AP 3. 6,7,8 AP 5. 6,7 AP 6. 4,8 AP 7. 2,6,7 AN

2. 3,7,8 AP 4. 3,5,6,8 AP

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Kieso, Weygandt, Warfield, Wiecek, McConomy Intermediate Accounting, Thirteenth Canadian Edition

Solutions Manual 13-3 Chapter 13 Copyright © 2022 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.

Legend: The following abbreviations will appear throughout the solutions

manual file.

LO Learning objective BT Bloom's Taxonomy K Knowledge C Comprehension AP Application AN Analysis S Synthesis E Evaluation

Difficulty: Level of difficulty

S Simple M Moderate C Complex

Time: Estimated time to complete in minutes

AACSB Association to Advance Collegiate Schools of Business Communication Communication Ethics Ethics Analytic Analytic Tech. Technology Diversity Diversity Reflec. Thinking Reflective Thinking CPA CM CPA Canada Competency Map Ethics Professional and Ethical Behaviour PS and DM Problem-Solving and Decision-Making Comm. Communication Self-Mgt. Self-Management Team & Lead Teamwork and Leadership Reporting Financial Reporting Stat. & Gov. Strategy and Governance Mgt. Accounting Management Accounting Audit Audit and Assurance Finance Finance

Tax DAIS Taxation Data Analytics and Information Systems

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