Solutions Manual to Accompany Intermediate Accounting, Volume 2, 5th Edition

Chapter 12: Liabilities

Suggested Time

Dry Clean Depot Limited

Darcy Limited

Homebake Incorporated

Assignment 12-1

12-2

12-3

12-4

12-5

12-6

12-7

12-8

12-9

12-10

12-11

12-12

12-13

12-14

12-15

12-16

12-17

12-18

12-19

12-20

12-21

12-22

12-23

12-24

12-25

12-26

12-27

12-28

12-29

12-30

Liability issues .................................................

Liability recognition (W*) ...............................

Warranty...........................................................

Estimated obligations.......................................

Liability measurement………………………..

Measurement of estimated liabilities ...............

Long-term note—borrower and lender ............

Note with below-market interest rate...............

Debt issuance, fair value ..................................

Bonds—compare effective interest, straight-line

Bonds—effective interest, straight-line (*W)..

Bond interest ....................................................

Bond interest ....................................................

Bonds issued between interest dates (*W).......

Bonds—between interest dates; effective interest

Bonds issued between interest dates ................

Upfront fees .....................................................

Upfront fees and notes payable ........................

Borrowing costs ...............................................

Borrowing costs ...............................................

Retirement—open market purchase.................

Bond retirement (W*) ......................................

Bond retirement ..............................................

Bond retirement ...............................................

Bond issuance and retirement, accrued interest

Bond issuance, defeasance...............................

Bonds, comprehensive .....................................

Foreign exchange .............................................

Foreign exchange (*W).......................................