Full file at http://testbankwizard.eu/Solution-Manual-for-Intermediate-Accounting-13th-Edition-by-Kies CHECKLIST OF KEY FIGURES to accompany Kieso Intermediate Accounting, Thirteenth Edition © John Wiley & Sons, Inc.

Chapter 3 5-3 Total assets, $1,154,200. 3-1 (c) Net income for September, $6,007. 5-4 Total assets, $2,476,000. (e) Post-closing trial balance, total debits, $36,975. 5-5 Total assets, $3,115,000. 3-2 (b) Net income, $36,450. 5-6 (a) Net cash provided by operating activities, Total assets, $67,000. $19,200. 3-4 (b) Adjusted trial balance total $1,004,700. (b) Total assets, $252,000. (c) Net loss $(5,600). 5-7 (a) Net cash provided by operating activities, Total assets, $202,900. $41,200. (e) Post-closing trial balance total, $241,900. (b) Total assets, $289,200. 3-6 (b) Net income, $50,620. F.R.P. (e) (2) Cash debt coverage ratio, .19:1. Total assets, $101,400. C.A.C. (f) Free cash flow (PepsiCo), $2,300. 3-7 (b) Net income, $25,500. F.S.A.C.4(a) Free cash flow-06, $486. Total assets, $57,250. 3-8 (c) Adjusted trial balance total, $839,660. Chapter 6 (d) Net income credited to Retained Earnings, 6-1 (b) Combined present value (purchase price), $31,640. $264,663.21. 3-9 (c) Retained Earnings credit, $45,790. (d) Cost of tractor, $44,838.20. 3-10 (a) Net loss, cash basis, $31,500. 6-2 (a) R=$8,461.33. Net income, accrual basis, $13,900. 6-3 PV of outflows (Bid A), $129,881.13. (b) Total assets, cash basis, $58,500. 6-4 PV of annuity, $286,297.20. Total assets, accrual basis, $108,900. 6-5 PV of option (c), $64,314.61. 3-11 (a) Total debits, adjustments column, $59,200. 6-6 PV of net cash inflows, $66,935.58. (b) Total assets, $203,500. 6-7 (c) Amount received on sale of note, $738,223.36. (e) Post-closing trial balance total, $245,500. 6-8 Total cost from Vendor A, $175,602.26. C.A.C. (a) PepsiCo’s percentage increase, 15.7%. 6-9 (b) Fair value of note, $83,055.75. (c) Coca-Cola’s PPE & IA, $11,303,000,000. 6-10 1. Net purchase costs, $2,151,396. F.S.A.C. (a) Percentage change in: sales, (1.10)%; net 6-11 (c) Annual deposit, $9,419. earnings, 9.85%. 6-13 Total estimated liability, $12,810.51. 6-14 Estimated fair value, $9,672.52. Chapter 4 6-15 (a) PV of annuity, $64,269. 4-1 Income from continuing operations, $2,416,000. F.S.A.C. (b) Present value of net cash flows, $298,422. Net income, $1,496,000. P.S. Combined PV (Proceeds), $107,985.10. 4-2 Net income, $86,100. 4-3 Income from continuing operations, $618,150. Chapter 7 Net income, $489,050. 7-1 (b) Current ratio after adjustment, 1.75 to 1. 4-4 (a) Net income, $221,525. 7-2 4. Accounts receivable balance, $1,010,000. (b) Retained earnings, June 30, $494,825. 7-3 (a) Allowance for Doubtful Accounts, $45,000. 4-6 (a) Net income for year, $52,300. 7-4 Balance adjusted, 12/31/10, $263,600. 4-7 Income from continuing operations, $744,000. 7-5 Adjustment to allowance for doubtful accounts, F.R.P. (c) Gross profit increase, 13%. $7,279.64. C.A.C. (b) Gross profit-2007 (PepsiCo), $21,436. 7-7 (a) August 31 cash collected, $9,550. F.S.A.C. 2 Earnings per share $.32. 7-9 (a) Discount on notes receivable, credited, F.S.A.C. 3 (b) Hershey’s PSR, 1.82. $17,951. P.S. (d) Net income, $462,000. (b) Interest revenue for 2011, $6,825. 7-10 (a) Total long-term receivables, $1,097,148. Chapter 5 (c) Total interest income, $151,873. 5-2 Total assets, $4,504,850. 7-11 Total expenses, $52,320. Full file at http://testbankwizard.eu/Solution-Manual-for-Intermediate-Accounting-13th-Edition-by-Kies 7-12 (b) Correct cash balance, $8,918. Building, $136,250. 7-13 Corrected balance, June 30, $5,403.95. 10-5 (b) Cost of building, $3,423,000. 7-14 Correct cash balance, $51,478.69. 10.6 (b) Building balance- 12/31/11, $682,248. 7-15 (d) Impairment loss, $317,535. 10.7 (b) Avoidable interest, $140,000. C.A.C. (c) Receivables turnover (Coca-Cola), 9.8. 10-8 3. Gain recognized-Liston, $10,000. F.S.A.C. 2 Receivables turnover, 4.95. 10-9 (b) Gain recognized-Wiggins, $2,400. P.S. Total current assets, $182,550. 10-10 (d) Gain recognized-Marshall, $7,000. 10-11 (b) Transaction 1, asset cost, $23,115. Chapter 8 F.S.A.C. (d) Free cash flow, $7,637,000,000. 8-1 4. Dollar-value LIFO inventory, $261,920. P.S. Pretax loss, $1,000. 8-2 Adjusted inventory, $1,715,000. 8-4 (b) LIFO inventory, $1,915. Chapter 11 8-5 (b) LIFO inventory, $3,350. 11-1 (a) Depreciation base (SL), $86,400. 8-6 (d) Perpetual LIFO cost of goods sold, $92,600. 11-2 Depreciation expense-2011 (SYD method), (f) Moving average inventory balance, $28,600. $19,250. 8-7 New amount for retained earnings at 12/31/11 11-3 (d) Depreciation expense-Asset E, $5,600. $226,400. 11-4 (a) Semitrucks balance, 12/31/11, $152,000. 8-8 (a) 6. Cost of goods sold, $11,799,080. (b) Depreciation expense adjustment in 2011 8-9 (b) Inventory at 12/31/10 $766,500. credit of $14,000. 8-10 Inventory at 12/31/10 $73,192. 11-5 (b) Depreciation expense (Bldg. and Mach.), 8-11 (a) Inventory at 12/31/10, $110,600. $5,250. F.S.A.C. 1 (a) Income before taxes, $17,846,000. 11-6 (c) Extraordinary loss, $1,360,000. F.S.A.C. 3 FIFO cost of sales-07, $29,089. 11-7 Depletion for 2012, $774,440. 11.8 (a) (2) Building cost, $198,000. Chapter 9 11.9 Loss on impairment, $1,900,000. 9-2 (a) 2. Loss due to market decline, $7,100. 11-10 (13) $52,000. 9-4 Fire loss on inventory, $58,250. 11-11 (b) Depreciation expense - year 2 (SYD method), 9-5 Inventory fire loss, $50,700. $23,800. 9-6 (b) Inventory at lower-of-average-cost-or-market, 11-12 (a) Accumulated depreciation (DDB method), $52,290. 12/31/10, $806,400. 9-7 Ending inventory at cost, $305,000. C.A.C. (c) (3) Rate of return on assets (PepsiCo), 17.5%. 9-8 (a) Ending inventory at lower-of-cost-or-market, P.S. Gain on sale, $29,000. $64,588. 9-9 (a) Raw materials inventory, $237,400. Chapter 12 9-10 Loss due to market decline, $950. 12-1 Patent amortization for 2010, $9,170. 9-11 (b) Cost of ending inventory using dollar-value 12-2 (c) Carrying value, 12/31/11, $31,200. LIFO, $39,072. 12-3 (b) Total expenses for 2010, $61,288. 9-12 (b) Estimated ending inventory at LIFO cost, 12-4 (b) Patent, $72,600. $83,000. 12-5 (c) Impairment loss, $200,000. 9-13 (b) Cost of 12/31/10 ending inventory under LIFO, 12-6 (a) Total intangibles, $203,700. $23,615. F.R.P. (b) Percentage of sales revenue-2007, 2.76%. 9-14 (b) Cost of ending inventory under LIFO retail, C.A.C. (a) (2) Percentage of total assets (PepsiCo), $34,500. 20.8%. (c) Cost of 2011 ending inventory under dollar-value P.S. Impairment loss, $16,250. LIFO, $32,190. F.R.P. (d) Inventory turnover 5.60. Chapter 13 C.A.C. (d) Days to sell inventory (PepsiCo), 42 days. 13-3 Total income tax withholding for month, $416. P.S. Loss due to market decline, $4,000. 13-4 (a) Total income tax withholding, $3,350. 13-5 (b) Warranty expense, $136,000. Chapter 10 13-7 (a) (3) Warranty expense, $117,000. 10-1 (a) Land balance- 12/31/10, $1,614,000. 13-8 Cost of estimated claims outstanding, $23,100. 10-2 (a) Machinery and equipment balance- 12/31/10, 13-9 (b) Premium expense for 2011, $78,000. $1,295,000. 13.12 (3) Premium expense for 2010, $54,000. 10-3 (a) 1. Land, $188,700. 13-14 1. Liability balance, $224,300. Full file at http://testbankwizard.eu/Solution-Manual-for-Intermediate-Accounting-13th-Edition-by-Kies F.R.P. (b) Acid-test ratio, .40. 16-9 (b) 2010 EPS, $.10. C.A.C. (b) Acid-test ratio (Coca-Cola), .58. P.S. Diluted EPS, $2.56.

Chapter 14 Chapter 17 14-1 (e) Bond interest expense -2004, $11,322. 17-1 (f) Securities fair value adjustment, 12/31/11, 14.2 (c) Loss on redemption, 58,195. $122. 14.3 (c) Quarterly payments, $4,503. 17-2 (d) Securities fair value adjustment, 12/31/11, 14-4 (a) Loss on bond redemption, 1/2/11, $180,000. $10,348. 14-5 1. Discount on bonds (Sanford Co.), 3/1/10, 17-3 (c) Securities fair value adjustment, 12/31/10, $27,910. $15,751. Discount on Bonds Payable credited 12/31/10, 17-4 (c) Securities fair value adjustment, 12/31/11, $2,350. $16,292. 2. Premium on Bonds Payable debited 12/1/10, 17-5 (c) Securities fair value adjustment, 12/31/11, $2,707. $18,620. 14-6 Gain on Retirement of Bonds credited 4/1/11, 17-6 (a) 3. Securities fair value adjustment, 9/30/10, $12,351.72. $9,000. 14-7 (d) Loss on bond redemption, 3/1/11, $369,000. 17-7 (a) Securities fair value adjustment, 12/31, 14-8 (b) Depreciation expense-2011, $67,961.20. $26,000. (c) Interest expense-2012, $45,078.66. 17-8 (a) 1. Securities fair value adjustment (trading), 14-9 (b) Discount on Notes Payable credited, 12/31/10, $80,000. $10,598.82. 17-9 (b) Securities fair value adjustment, $27,000. (d) Interest Expense-2012, $5,706.46. 17-10 (b) Comprehensive income, $55,000. 14-10 (b) Interest expense for 2010, $65,699. 17-11 (a) 8. Securities fair value adjustment, 12/31/11 14-12 (b) Loss on restructuring, $237,311. $4,200. 14-13 (c) Frontenac National Bank’s loss on restructuring, 17-12 (c) Loss on Sale of Securities, $10,800. $1,243,400. 17-13 (d) Value of call option, $1,230. 14-14 (c) Loss on restructuring, $63,000. 17-15 (d) Value of put option, $3,225. F.R.P. (b) Times interest earned, 12.28 times. 17-16 (a) (3) Cash settlement, $50,000. C.A.C. (a) Times interest earned (Coca-Cola), 18.27 times. 17-17 (b) Unrealized holding gain, $5,000. P.S. Bond price, $5,307,228.36. 17-18 (c) Other income, $(335). P.S. Securities fair value adjustment, 12/31/10, Chapter 15 $29,700. 15-1 (b) Total stockholders’ equity, $933,300. 15-2 (b) Total stockholders' equity, $844,600. Chapter 18 15-3 Total stockholders’ equity, $45,942,000. 18-1 (b) Revenue to be recognized in 2010 (Depp), 15-6 (b) Total stockholders’ equity, $760,100. $9,000,000. 15-7 (a) Cash dividend to common, $89,610. 18-2 (a) Gross profit recognized in 2011, $90,000. 15-9 Total paid-in capital, $1,028,700. 18-3 (a) Gross profit recognized in 2011, $390,000. Total stockholders’ equity, $1,246,900. 18-4 (a) Gross profit recognized in 2011, $410,000. 15-11 (c) Total stockholders’ equity, $61,900,000. 18-6 (a) Loss recognized in 2011, $130,000. 15-12 Total paid-in capital, $5,737,300. 18-7 (a) Loss recognized in 2011, $180,000. Total stockholders’ equity, $6,088,000. 18-8 (a) Gross profit realized in 2012, 98,400. F.R.P. (f) Return on common stock equity, 2007, 16.1%. 18-9 Gross profit realized on installment sales, 2012, C.A.C. (f) Rate of return on common stock equity, 2007 $113,600. (Coca-Cola), 30.9%. 18-10 (b) Gross profit realized in 2011, $72,400. 18-11 (a) Loss on repossession, $5,600. Chapter 16 18-12 (a) Rate of gross profit, 2011, 38%. 16-1 (b) Total stockholders’ equity, $5,078,000. (b) Net income for 2011, $91,200. 16-2 (c) Total bond interest expense for 2011, $292,675. 18-13 5. Loss on repossession, $116. 16-5 (b) Diluted EPS, $1.28. 18-14 (a) 1. Cost of goods sold, 2012, $112,200. 16-6 (b) Weighted shares 5/31/11, $2,200,000. (c) Loss on repossessions, 2012, $1,420. 16-7 (b) Shares to compute diluted EPS, $5,791,000. (d) Net income for 2012, $11,144. (c) Adjusted net income for basic EPS, $10,350,000. 18-15 (b) Loss to be recognized, 2011, $300,000. 16-8 (b) Diluted EPS, $1.56. 18-16 Gross profit recognized in 2011, $135,000. Full file at http://testbankwizard.eu/Solution-Manual-for-Intermediate-Accounting-13th-Edition-by-Kies 18-17 (b) Gross profit, $109,200. 21-5 (b) 1. Interest revenue, $5,942. P.S. Net income, $1,364,600. 3. Interest revenue, $22,795. 21-6 (a) Balance of lease liability, 1/1/12, $331,521. Chapter 19 21-7 (b) Balance of lease liability, 12/31/12, $69,420. 19-1 (c) Deferred tax asset, $14,000; liability, $42,000. 21-8 (e) Balance of lease liability, 1/1/12, $328,012. (d) Net income $542,000. 21-10 (b) Lease receivable, beginning of year 6, 19-2 (a) Deferred tax liability in 2010, $49,000; in 2011, $139,213. $7,000 + $50,000; in 2012, $48,000; Deferred tax 21-11 (b) Lease liability at beginning of year 8, $69,423. benefit in 2013, $44,000. 21-12 (a) Discounted present value, 1/1/10, $7,635,410. (b) Net income for 2011, $173,000. 21-13 (b) Lease receivable, beginning of year 7, 19-3 (b) Income tax expense, $469,000. $159,454. (c) Net income, $931,000. Total interest on lease receivable, $203,676. 19-4 (a) Taxable income for 2010, $744,200. 21-14 (b) Lease liability, beginning of year 7, $159,454. (b) Income tax expense for 2010, $227,760. 21-16 (b) Lessee interest expense, 12/31/11, $17,109. 19-5 (c) Net loss, $113,000. F.S.A.C. (d) Estimated liability, $3,254,718. (d) Income tax payable for 2011, $8,000. P.S. Balance of lease liability, 1/1/12, $227,201.94. 19-6 1. Deferred tax asset, $560. 2. Deferred tax asset, $690. Chapter 22 19-7 (a) Deferred tax liability in 2010, $16,000; deferred 22-1 (a) 2. Depreciation expense-2010, $20,250. tax benefit in 2011, $7,000; in 2012, $7,000. 22-2 (b) Net income for 2011, $274,000. 19-8 (b) Income tax expense for 2010, $106,000. 22-3 3. Depreciation expense decrease, $4,800. (d) Deferred tax asset (current), $30,000. 22-4 (a) Net income, $3,500,000. Deferred tax asset (noncurrent), $54,000. 22-5 Net income for 2010, $514. 19-9 (a) Taxable income, $62,000. Retained earnings at 5/31/09, $2,315. (b) Deferred tax asset, $2,000; liability $18,000. 22-6 (b) Retained earnings at 12/31/10, $874,700. P.S. Taxable income, $55,100. 22-9 Corrected net income, 2010, $38,740. 22-10 (a) Corrected income before taxes, 2009, $65,744; Chapter 20 2010, $117,335; 2011, $94,611. 20-1 (a) Pension expense 2010, $348,000; 2011, $450,640. 22-11 (b) Income from investment for 2011, $170,000. 20-2 (a) Pension expense 2009, $21,000; 2010, $95,100; 22-12 Prior period adjustment, 1/2/11, $19,000. 2011, $89,370. P.S. Diluted EPS, $2.63. 20-3 (a) Pension expense for 2010, $85,000. 20-4 (a) Pension expense for 2010, $109,000. Chapter 23 20-5 (a) Pension expense for 2012, $131,367. 23-1 Net cash provided by operating activities, 20-6 (b) Pension expense for 2010, $566,667. $425,000. (d) Net gain, 12/31/10, $875,000. 23-2 Net cash provided by operating activities, $7,300. 20-7 Pension expense for 2010, $146,100. 23-3 Cash payments for merchandise, $1,270. 20-8 (a) Pension expense for 2010, $129,000; 2011, 23-4 Cash payments for operating expenses, $226,350. $134,223. 23-5 Net cash used by operating activites, $22,207. 20-9 (c) Pension expense for 2011, $432,440. Net cash used by investing activities, $274,404. 20-10 (a) Pension expense for 2010, $60,500. 23-6 (a) Net cash provided by operating activities, 20-11 (a) Pension expense for 2011, $102,292. $43,425. 20-12 (a) Pension expense for 2011, $59,700 23-7 (b) Cash received from customers, $1,238,250. 20-13 (a) Postretirement expense for 2010, $80,000. Net cash provided by operating activities, 20-14 (c) Postretirement expense for 2011, $221,800. $151,250. P.S. Pension expense, $113,250. 23-8 (a) Net cash provided by operating activities, $48,000. Chapter 21 23-9 Net cash provided by operating activities, $2,500. 21-1 (c) Present value of minimum lease payments, C.A.C. (e)1. Current cash debt coverage ratio, $681,741. (PepsiCo), .95:1. 21-3 (a) Present value of payments, $3,000,000. F.S.A.C. (b) Cash debt coverage ratio, .070:1. (e) Interest expense/revenue for 2011, $206,882. 21-4 (b) 1. Interest expense, $5,942. Chapter 24 3. Interest expense, $22,795. 24-1 Total current assets, $1,620,800. Full file at http://testbankwizard.eu/Solution-Manual-for-Intermediate-Accounting-13th-Edition-by-Kies 24-2 (b) Revenues from reportable segments, $575,000. 24-3 (a) (4) Return on assets for 2011, 20.4%. (c) Net income for 2013, $536.6. 24-4 (b) Percent change for total assets, 19.93%. 24-5 (b) 2011: Rate of return on assets, 10.9%; Price- earnings, 7.5 times; Current ratio, 1.82:1. F.S.A.C.(a) Times interest earned, 8.84. Asset turnover, 1.85 times.