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Date Submitted: 12/17/2014 05:36 PM
CHAPTER 9
Current Liabilities, Contingencies,
and the Time Value of Money
OVERVIEW OF EXERCISES, PROBLEMS, AND CASES
Estimated
Time in
Learning Outcomes Exercises Minutes Level
1. Identify the components of the current liability category of 1 10 Easy
the balance sheet. 2 10 Easy
3 10 Easy
2. Examine how accruals affect the current liability category. 4 20 Mod
5 15 Mod
6 10 Mod
7 15 Mod
8 15 Mod
3. Show that you understand how changes in current liabilities 9 5 Easy
affect the statement of cash flows. 10 5 Mod
4. Determine when contingent liabilities should be presented on the 11 15 Mod
balance sheet or disclosed in notes and how to calculate their amounts.
5. Explain the difference between simple and compound interest. 12 20 Mod
6. Calculate amounts using the future value and present value concepts. 13 5 Easy
14 5 Mod
15 10 Mod
16 10 Mod
20* 10 Diff
21* 10 Diff
7. Apply the compound interest concepts to some common 17 5 Mod
accounting situations. 18 10 Mod
19 10 Diff
20* 10 Diff
21* 10 Diff
*Exercise, problem, or case covers two or more learning outcomes
Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)
Problems Estimated
and Time in
Learning Outcomes Alternates Minutes Level
1. Identify the components of the current liability category of 10* 10 Mod
the balance sheet.
2. Examine how accruals affect the current liability category. 1 40 Mod
9* 30 Mod
3. Show that you understand how changes in current 2 30 Mod
liabilities affect the statement of cash flows. 3 20 Diff
4. Determine when contingent liabilities should be presented on the 4 20 Mod
balance sheet or disclosed in notes and how to calculate 5 10 Mod
their amounts. 10* 10 Mod
5. Explain the difference between simple and compound interest. 6 40 Diff
9* 30 Mod
6. Calculate amounts using the future value and present value 7 25...