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Chp 16

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CHAPTER 16
Long-Term Liabilities

ASSIGNMENT CLASSIFICATION TABLE

| | |Brief Exercises | |Problems |Problems |
|Study Objectives |Questions | |Exercises |Set A |Set B |
|Describe the advantages and illustrate the impact |1, 2, 3, 4, 5, 6 |1 |1 | | |
|of issuing bonds instead of common shares. | | | | | |
|Prepare the entries for the issue of bonds and the|7, 8, 9, 10, 11, 12 |2, 3, 4, 5, 6, 7 |2, 3, 4, 7, 8 |1, 2, 3, 5, 6 |1, 2, 3, 5, 6 |
|recording of interest expense. | | | | | |
|Contrast the effects of the straight-line and |13, 14 |7, 8 |5, 6 |4, 5 |4, 5 |
|effective interest methods of amortizing bond | | | | | |
|discounts and premiums. | | | | | |
|Prepare the entries when bonds are retired. |15 | 9 | 7, 8, 9 |6 |6 |
|Account for long-term notes payable. |16, 17 |10, 11 |10 |7 |7 |
|Contrast the accounting for operating leases and |18, 19 |12 |11, 12

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