- •Chapter 15 Leases
- •Question 15-1
- •Question 15-7
- •Question 15-8
- •Question 15-9
- •Question 15-10
- •Question 15-11
- •Question 15-12
- •Question 15-13
- •Question 15-14
- •Question 15-15
- •Question 15-16
- •Question 15-17
- •Question 15-18
- •Question 15-19
- •Question 15-20
- •Question 15-21
- •Question 15-22
- •Question 15-23
- •Brief Exercise 15-1
- •Brief Exercise 15-2
- •Brief Exercise 15-3
- •Brief Exercise 15-5
- •Brief Exercise 15-6
- •Brief Exercise 15-7
- •Brief Exercise 15-9
- •Brief Exercise 15-11
- •Brief Exercise 15-12
- •Brief Exercise 15-14
- •Exercise 15-1
- •Present Value of Minimum Lease Payments:
- •Lease Amortization Schedule
- •120,000 7,920 112,080
- •Lease Amortization Schedule
- •120,000 7,920 112,080
- •Lessor’s Calculation of Lease Payments
- •Lessee’s Application of Classification Criteria
- •Lessee’s Application of Classification Criteria
- •Lessee’s Application of Classification Criteria
- •Lessee’s Application of Classification Criteria
- •Lease Amortization Schedule
- •1. Calculation of the present value of lease payments
- •2. Liability at December 31, 2011
- •3. Expenses for year ended December 31, 2011
- •1. Receivable at December 31, 2011
- •2. Interest revenue for year ended December 31, 2011
- •1. Calculation of the present value of lease payments (“selling price”)
- •2. Receivable at December 31, 2011
- •3. Income effect for year ended December 31, 2011
- •1 2 3 4
- •Lease Amortization Schedule
- •Lease Amortization Schedule
- •1. January 1, 2011
- •2. Effective rate of interest revenue:
- •3. December 31, 2011
- •Inception of the Lease, January 1, 2011
- •Exercise 15-29
- •1. Definition of a bargain purchase option:
- •Problem 15-1
- •1. Effective rate of interest implicit in the agreement
- •1. Receivable at December 31, 2011
- •2. Interest revenue for year ended December 31, 2011
- •3. Statement of cash flows for year ended December 31, 2011
- •1. Calculation of the present value of lease payments (“selling price”)
- •2. Receivable at December 31, 2011
- •3. Income effect for year ended December 31, 2011
- •4. Statement of cash flows for year ended December 31, 2011
- •Lessor’s Calculation of Lease payments
- •Application of Classification Criteria
- •Present Value of Minimum Lease Payments
- •Lease Amortization Schedule
- •Lessor’s Calculation of Lease payments
- •Application of Classification Criteria
- •Present Value of Minimum Lease Payments
- •Lease Amortization Schedule
- •Lease Amortization Schedule
- •Lessor’s Calculation of Lease payments
- •Application of Classification Criteria
- •Present Value of Minimum Lease Payments
- •Lease Amortization Schedule
- •Lessor’s Calculation of Lease payments
- •Lessee’s Calculation of the Present Value of Minimum Lease Payments
- •Lease Amortization Schedule
- •Problem 15-12
- •1 2 3 4
- •1 2 3 4
- •Lease Amortization Schedule
- •30,000 3,573 26,427
- •Lessee’s Application of Classification Criteria
- •Schedule 1: Lessee’s Calculation of the Present Value of Minimum Lease Payments
- •Application of Classification Criteria
- •Schedule 2: Lessor’s Calculation of the Present Value of Minimum Lease Payments
- •Lessor’s Calculation of Lease Payments
- •Lessee’s Amortization Schedule
- •46,000 6,436 39,564
- •Lessor’s Amortization Schedule
- •55,000 9,886 45,114
- •Application of Classification Criteria
- •Lease Amortization Schedule
- •Lease Amortization Schedule
- •880,000 216,375 663,625
- •Application of Classification Criteria
- •Lease Amortization Schedule
- •880,000 234,474 645,526
- •Income Statement
- •Lease Amortization Schedule
- •Analysis Case 15-1
- •9 Commitment (in part)
- •Lease Amortization Schedule
- •Ifrs Case 15-5
- •Suggested Grading Concepts and Grading Scheme:
- •Ifrs Case 15-10
Chapter 15 - Leases
Chapter 15 Leases
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, 6e with the following AACSB learning skills:
|
Questions |
AACSB Tags |
Exercises (cont.) |
AACSB Tags |
|
15-1 |
Reflective thinking |
15-17 |
Analytic |
|
15-2 |
Reflective thinking |
15-18 |
Analytic |
|
15-3 |
Reflective thinking |
15-19 |
Analytic |
|
15-4 |
Reflective thinking |
15-20 |
Analytic |
|
15-5 |
Reflective thinking |
15-21 |
Analytic |
|
15-6 |
Analytic |
15-22 |
Analytic |
|
15-7 |
Reflective thinking |
15-23 |
Analytic |
|
15-8 |
Reflective thinking |
15-24 |
Analytic |
|
15-9 |
Reflective thinking |
15-25 |
Analytic |
|
15-10 |
Reflective thinking |
15-26 |
Analytic |
|
15-11 |
Reflective thinking |
15-27 |
Reflective thinking |
|
15-12 |
Reflective thinking |
15-28 |
Diversity |
|
15-13 |
Reflective thinking, Communications |
CPA/CMA |
|
|
15-14 |
Reflective thinking, Communications |
15-1 |
Reflective thinking |
|
15-15 |
Reflective thinking, Communications |
15-2 |
Analytic |
|
15-16 |
Reflective thinking |
15-3 |
Analytic |
|
15-17 |
Reflective thinking |
15-4 |
Analytic |
|
Brief Exercises |
|
15-5 |
Reflective thinking |
|
15-1 |
Analytic |
15-6 |
Analytic |
|
15-2 |
Analytic |
15-7 |
Analytic |
|
15-3 |
Analytic |
15-8 |
Analytic |
|
15-4 |
Analytic |
15-1 |
Reflective thinking |
|
15-5 |
Analytic |
15-2 |
Reflective thinking |
|
15-6 |
Analytic |
15-3 |
Reflective thinking |
|
15-7 |
Analytic |
Problems |
|
|
15-8 |
Analytic |
15-1 |
Analytic |
|
15-9 |
Analytic |
15-2 |
Analytic |
|
15-10 |
Analytic |
15-3 |
Analytic |
|
15-11 |
Analytic |
15-4 |
Analytic |
|
15-12 |
Analytic |
15-5 |
Analytic |
|
15-13 |
Analytic |
15-6 |
Analytic |
|
Exercises |
|
15-7 |
Analytic |
|
15-1 |
Analytic |
15-8 |
Analytic |
|
15-2 |
Analytic |
15-9 |
Analytic |
|
15-3 |
Analytic |
15-10 |
Analytic |
|
15-4 |
Analytic |
15-11 |
Analytic |
|
15-5 |
Analytic |
15-12 |
Analytic |
|
15-6 |
Analytic |
15-13 |
Analytic |
|
15-7 |
Analytic |
15-14 |
Analytic |
|
15-8 |
Analytic |
15-15 |
Analytic |
|
15-9 |
Analytic |
15-16 |
Analytic |
|
15-10 |
Analytic |
15-17 |
Analytic |
|
15-11 |
Analytic |
15-18 |
Analytic |
|
15-12 |
Analytic |
15-19 |
Analytic |
|
15-13 |
Analytic |
15-20 |
Analytic |
|
15-14 |
Analytic |
15-21 |
Analytic |
|
15-15 |
Analytic |
15-22 |
Diversity |
|
15-16 |
Analytic |
|
|
QUESTIONS FOR REVIEW OF KEY TOPICS