Book DescriptionPublication Date: March 11, 2013 ISBN-10: ISBN-13: 9290 Edition: 15Kieso, Weygandt and Warfield’s Intermediate Accounting continues to set the standard for intermediate accounting students and professionals in the field. The Fifteenth edition builds on this legacy through new innovative student focused pedagogy in the book itself and with online support.Kieso maintains the qualities for which the text is globally recognized, including its reputation for accuracy, comprehensiveness, accessibility, and quality problem material that best prepares students for success on the CPA exam. The Fifteenth edition offers the most up to date coverage of IFRS and US GAAP in a presentational format suited to the complex challenges of teaching intermediate in these changing times.The WileyPLUS homework and learning platform (access to WileyPLUS sold separately) is better than it has ever been for Kieso, with a multitude of new assessment items, multimedia resources, and enhanced functionality to ensure students will do real accounting and get real results. There have also never been so many options for accessing content, from several online only options, premium value print and digital formats, and custom versions designed to fit your needs perfectly.Notice: Ｉonly has the solutions manual and test bank,don’t have the textbook.I have the following solutions manuals & test banks.
Intermediate Accounting 16th Edition Answer Book
You can contact me atIf the title you are looking for is not listed, do not hesitate to contact me, please send the email with the publisher and ISBN to me,then I can help u to find it. Please use Control F (CTRL F) to find the book you are looking for by title, author，We have the comprehensive SOLUTIONS MANUAL (answer key) for ALL of the following US & International textbooks and TEST BANKS for MOST of them in electronic format (PDF/Word). The solutions manual are comprehensive with answers to both even & odd problems in the text. The test bank contains practice exam and quiz questions and answers.
FairValue—The fair value of an investment is the amount that the plan couldreasonably expect to receive for it in a current sale between a willing buyerand a willing seller, that is, other than in a forced or liquidation sale. Fairvalue shall be measured by the market price if there is an active market forthe investment. If there is no active market for the investment but there is amarket for similar investments, selling prices in that market may be helpful inestimating fair value.
If a market price is not available, a forecast ofexpected cash flows, discounted at a rate commensurate with the risk involved,may be used to estimate fair value. The fair value of an investment shall bereported net of the brokerage commissions and other costs normally incurred ina sale. Theeffect upon net income (or earnings per share) is the most commonly usedmeasure of materiality. This reflects the prime importance attached to netincome by investors and other users of the statements.
The effects upon assetsand equities are also important as are misstatements of individual accounts andsubtotals included in the financial statements. The auditor will note theeffects of misstatements on key ratios such as gross profit, the current ratio,or the debt/equity ratio and will consider such special circumstances as theeffects on debt agreement covenants and the legality of dividend payments. There are no rigid standards or guidelines for assessingmateriality.
The lower bound of materiality has been variously estimated at 5%to 20% of net income, but the determination will vary based upon the individualcase and might not fall within these limits. Certain items, such as aquestionable loan to a company officer, may be considered material even whenminor amounts are involved. In contrast a large misclassification among expenseaccounts may not be deemed material if there is no misstatement of net income. In providing information to users offinancial statements, the Board relies on general-purpose financial statements.The intent of such statements is to provide the most useful informationpossible at minimal cost to various user groups. Underlying these objectives isthe notion that users need reasonable knowledge of business and financialaccounting matters to understandthe information contained in financial statements.
This point is important. It meansthat in the preparation of financial statements a level of reasonablecompetence can be assumed; this has an impact on the way and the extent towhich information is reported.
I have the following solutions manuals & test banks. You can contact me atsmcollector@gmail.comIf the title you are looking for is not listed, do not hesitate to contact me, please send the email with the publisher and ISBN to me,then I can help u to find it.thanksPlease use Control F (CTRL F) to find the book you are looking for by title, authorWe have the comprehensive SOLUTIONS MANUAL (answer key) for ALL of the following US & International textbooks and TEST BANKS for MOST of them in electronic format (PDF/Word). The solutions manual are comprehensive with answers to both even & odd problems in the text.
The test bank contains practice exam and quiz questions andanswers. I have the following solutions manuals & test banks. You can contact me atsmcollector@gmail.comIf the title you are looking for is not listed, do not hesitate to contact me, please send the email with the publisher and ISBN to me,then I can help u to find it.thanksPlease use Control F (CTRL F) to find the book you are looking for by title, authorWe have the comprehensive SOLUTIONS MANUAL (answer key) for ALL of the following US & International textbooks and TEST BANKS for MOST of them in electronic format (PDF/Word). The solutions manual are comprehensive with answers to both even & odd problems in the text. The test bank contains practice exam and quiz questions andanswers.
Intermediate Accounting 16th edition solution manual (Kieso/Weygandt /Warfield), chapter - 20 - Accounting for Pensions and Postretirement Benefits.1.S o l u t i o n M a n u a lIntermediate Accounting16th EditionC h a p t e r - 2 0Accounting for Pensions and Postretirement BenefitsDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.1ANSWERS TO QUESTIONS.1. A private pension plan is an arrangement whereby a company undertakes to provide its retiredemployees with benefits that can be determined or estimated in advance from the provisions of adocument or from the company’s practices.In a contributory pension plan the employees bear part of the cost of the stated benefits whereasin a noncontributory plan the employer bears the entire cost.LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: Communication, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication.2. A defined-contribution plan specifies the employer’s contribution to the plan usually based on aformula, which may consider such factors as age, length of service, employer’s profit, or compen-sation levels.A defined-benefit plan specifies a determinable pension benefit that the employee will receive ata time in the future.
The employer must determine the amount that should be contributed now toprovide for the future promised benefits.In a defined-contribution plan, the employer’s obligation is simply to make a contribution to theplan each year based on the plan formula. The benefit of gain or risk of loss from assets con-tributed to the plan is borne by the employee. In a defined-benefit plan, the employer’s obligationis to make sufficient contributions each year to provide for the promised future benefits.Therefore, the employer is at risk to the extent that contributions will not be adequate to meet thepromised benefits.LO: 1, Bloom: K, Difficulty: Simple, Time: 5-10, AACSB: Communication, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication.3. The employer is the organization sponsoring the pension plan. The employer incurs the costsand makes contributions to the pension fund.