Chapter 2 Solutions

Chapter 2

Review of the Accounting Process

AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise and problem in Intermediate Accounting, 7e with the following AACSB learning skills: Questions

2–1 2–2 2–3 2–4 2–5 2–6 2–7 2–8 2–9 2–10 2–11 2–12 2–13 2–14 2–15 2–16 2–17 2–18 2–19 2–20 2–21

AACSB Tags

Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Analytic Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic

Exercises (cont.)

2–5 2–6 2–7 2–8 2–9 2–10 2–11 2–12 2–13 2–14 2–15 2–16 2–17 2–18 2–19 2–20 2–21 2–22 2–23 2–24

AACSB Tags

Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Reflective thinking Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic Reflective thinking Analytic Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic

CPA/CMA

1 2 3 4 5

Brief Exercises

2–1 2–2 2–3 2–4 2–5 2–6 2–7 2–8 2–9 2–10 2–11 2–12

Problems

2–1 2–2 2–3 2–4 2–5 2–6 2–7 2–8 2–9 2–10 2–11 2–12 2–13

Exercises

2–1 2–2 2–3 2–4

Solutions Manual,...