Intermediate Accounting Solutions Ch 18

CHAPTER 18

Revenue Recognition

ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)

Brief

Exercises

Exercises

Problems

*1. Realization and recognition; 1, 2, 3, 4,

sales transactions; high

5, 6, 22

rates of return.

1

1, 2, 3

1

1, 2, 3, 4, 5,

7, 8, 9

*2. Long-term contracts.

7, 8, 9, 10,

11, 12, 22

2, 3, 4,

5, 6

4, 5, 6, 7,

8, 9, 10

1, 2, 3, 4,

5, 6, 7, 14,

15, 16, 17

1, 2, 3, 6

*3. Installment sales.

13, 14, 15,

16, 17, 18,

19, 20, 21,

22

7, 8, 9

11, 12, 13,

14, 15, 16

1, 8, 9, 10,

11, 12, 15

1, 2, 3

8

13, 17, 18

10, 11, 12,

13, 14

Topics

Questions

*4. Repossessions on

installment sales.

Concepts

for Analysis

*5. Cost-recovery method;

deposit method.

13, 22,

23, 24

10

15, 16

8, 9

*6. Franchising.

22, 25, 26,

27, 28

11

19, 20

10

*7. Consignments.

29

12

21

*This material is dealt with in an Appendix to the chapter.

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ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)

Learning Objectives

Brief

Exercises

Exercises

Problems

1.

Apply the revenue recognition principle.

1

1, 2, 3

2.

Describe accounting issues for revenue

recognition at point of sale.

1

1, 2, 3

1

3.

Apply the percentage-of-completion method

for long-term contracts.

2, 3

4, 5, 6, 7, 8, 9

1, 2, 3, 4, 5,

6, 7, 16, 17

4.

Apply the completed-contract method

for long-term contracts.

4, 5

4, 8, 9, 10

1, 2, 3, 5, 6, 7,

15, 16, 17

5.

Identify the proper accounting for losses

on long-term contracts.

6

10

5, 6, 7, 15

6.

Describe the installment-sales method

of accounting.

7, 8, 9

11, 12, 13, 14,

15, 16, 17, 18

1, 8, 9, 10, 11,

12, 13, 14

7.

Explain the cost-recovery method

of accounting.

10

15, 16

Explain revenue recognition for franchises

and consignment sales.

11, 12

19, 20, 21

*8.

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ASSIGNMENT CHARACTERISTICS TABLE

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