Intermediate Accounting Volume 2,11th Canadian Edition Solution Manual

In the accounting principles that the student is learning, it is usual for complex concepts to be difficult to grasp. Such concepts are easy to learn with the help of the Intermediate Accounting Volume 2, 11th Canadian Edition Solution Manual. It also increases the students’ confidence when accounting by addressing the more complex areas of accounting.

Why Do We Need This Solution Manual?

Having this Facilitates the student’s academic work by offering detailed concepts and multi-step solutions, allowing even the most difficult topics to be understood. This manual covers a wide range of topics, from financial statements to basic accounting concepts.. So, it assists students with the above problems with ease.

Topics That Will Be of Interest

1. Financial Reporting and Analysis: Appreciating the dynamics exhibited in financial statements, and more importantly, knowing how to accurately analyze them.
2. Revenue Recognition: Principles that guide the determination of earned revenue and the contexts in which they are applicable.
3. Asset Management: Understanding how to manage assets ranging from stocks to long term investments.
4. Liabilities and Equity: A detailed understanding of both liabilities and equity and their relevance on the entity’s financial position.
5. Cash Flow Analysis: Learn to analyze cash flows to aid in financial decision-making.

Using Problem Solution Manual From Intermediate Accounting Solution Manual

Before proceeding with the solution manual of Intermediate Accounting, you need to realize which topic relates to literature of your study. Each topic elaborates concepts before proceeding to do practical case studies with exercises.There are scenarios to these exercises and working them helps fasten comprehension and applicability in such scenarios.

How the Solution Manual will Help You

• Access and understand easier information A Manual that sets out to explain difficult concepts is always welcome. This module presents easier ways to understand topics and even sets aside examples that are clear so that students are better able to handle the various subjects.
• Better Grades You will be relieved to know that there are manuals that explain concepts through real examples.
• Takes less time Avoid waiting for answers that rarely come. There are no guarantees because some problems are difficult to solve.

Summary

When looking to score better in Intermediate Accounting Volume 2, 11th Canadian Edition Solution Manual consider its effective application. It not only helps accounting students but also establishes a wealth of knowledge that will benefit your future in this field. Overcome the problems of grasping accounting concepts for beginners by facilitating yourself adequately.

Intermediate Accounting Volume 2,11th Canadian Edition Solution Manual

CHAPTER 14

LONG-TERM FINANCIAL LIABILITIES

ASSIGNMENT CLASSIFICATION TABLE

Topics		Brief Exercises	Exercises	Problems
1.	Understand the nature of long-term debt.	1, 2	1, 2	1, 2
2.	Understand how long-term debt is measured and accounted for.	3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18	3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18	1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 13
3.	Recognition and derecognition of debt and debt restructurings.	19, 20, 21	17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28	6, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20
4.	Presentation of long-term debt.	24	16, 18, 29, 30	2, 8, 10
5.	Disclosure requirements.		31	9, 10
6.	Long-term debt analysis.	25		7
7.	Differences between IFRS and ASPE.

NOTE:  If your students are solving the end-of-chapter material using a financial calculator or an Excel spreadsheet as opposed to the PV tables, please note that there will be a difference in amounts. Excel and financial calculators yield a more precise result as opposed to PV tables. The amounts used for the preparation of journal entries in solutions have been prepared from the results of calculations arrived at using the PV tables.

ASSIGNMENT CHARACTERISTICS TABLE

Item		Description	Level of Difficulty	Time(minutes)
E14-1		Features of long-term debt.	Simple	10-15
E14-2		Information related to various bond issues.	Simple	35-45
E14-3		Entries for bond transactions.	Simple	15-20
E14-4		Entries for bond transactions—effective interest.	Simple	15-20
E14-5		Entries for bond transactions—straight-line.	Simple	15-20
E14-6		Entries for noninterest-bearing debt.	Simple	15-20
E14-7		Imputation of interest.	Simple	15-20
E14-8		Instalment note.	Moderate	15-20
E14-9		Purchase of equipment with noninterest-bearing debt.	Moderate	15-20
E14-10		Purchase of equipment with noninterest-bearing debt.	Moderate	15-20
E14-11		Entries for bond transactions.	Moderate	15-20
E14-12		Amortization schedule—straight-line.	Simple	15-20
E14-13		Amortization schedule—effective interest.	Simple	15-20
E14-14		Determine proper amounts in account balances.	Moderate	15-20
E14-15		Government interest free loan	Moderate	15-20
E14-16		Entries and questions for bond transactions.	Moderate	20-30
E14-17		Entries for retirement of bonds.	Simple	10-15
E14-18		Entries for retirement and issuance of bonds – straight line.	Simple	15-20
E14-19		Entries for retirement and issuance of bonds – effective interest.	Complex	30-35
E14-20		Entry for retirement of bond; bond issue costs.	Moderate	20-25
E14-21		Entries for retirement and issuance of bonds.	Simple	15-20
E14-22		Impairments.	Moderate	15-25
E14-23		Settlement of debt.	Moderate	15-20
E14-24		Term modification debtor’s entries.	Moderate	20-30
E14-25		Term modification creditor’s entries.	Moderate	25-30
E14-26		Settlement debtor’s entries.	Moderate	25-30
E14-27		Settlement creditor’s entries.	Moderate	20-30
E14-28		Debtor/creditor entries for modification of troubled debt.	Moderate	20-25