CHECKLIST OF KEY FIGURES

to accompany
Kieso Intermediate Accounting: IFRS Edition,
Volume I
© John Wiley & Sons, Inc.

Chapter 3 (b) Total assets, ¥289,200.

3-1 (c) Net income for September, ¥6,007. F.R.P. (e) (2) Cash debt coverage ratio, .24:1.
(e) Post-closing trial balance, total debits, ¥36,975. C.A.C. (f) Free cash flow (Cadbury), £(326).
3-2 (b) Net income, $36,450. F.S.A.C.4(a) Free cash flow-08, W1,368.
Total assets, $67,000.
3-4 (b) Adjusted trial balance total €1,004,700. Chapter 6
(c) Net loss €(5,600). 6-1 (b) Combined present value (purchase price),
Total assets, €202,900. ¥26,466,321.
(e) Post-closing trial balance total, €241,900. (d) Cost of tractor, ¥4,483,820.
3-6 (b) Net income, $50,620. 6-2 (a) R=$8,461.33.
Total assets, $101,400. 6-3 PV of outflows (Bid A), $129,881.13.
3-7 (b) Net income, €25,500. 6-4 PV of annuity, $286,297.20.
Total assets, €57,250. 6-5 PV of option (c), $64,314.61.
3-8 (c) Adjusted trial balance total, $839,660. 6-6 PV of net cash inflows, $66,935.58.
(d) Net income credited to Retained Earnings, 6-7 (c) Amount received on sale of note,
$31,640. $738,223.36.
3-9 (c) Retained Earnings credit, $45,790. 6-8 Total cost from Vendor A, $175,602.26.
3-10 (a) Net loss, cash basis, £31,500. 6-9 (b) Fair value of note, $83,055.75.
Net income, accrual basis, £13,900. 6-10 1. Net purchase costs, $2,151,396.
(b) Total assets, cash basis, £58,500. 6-11 (c) Annual deposit, $9,419.
Total assets, accrual basis, £108,900. 6-13 Total estimated liability, $12,810.51.
3-11 (a) Total debits, adjustments column, $59,200. 6-14 Estimated fair value, €9,672.52.
(b) Total assets, $203,500. 6-15 (a) PV of annuity, $64,269.
(e) Post-closing trial balance total, $245,500. F.S.A.C. (b) Present value of net cash flows, $298,422.
C.A.C. (a) Cadbury’s percentage increase, (21.5%). P.S. Combined PV (Proceeds) at i=8%, $107,985.10.
(c) Nestle’s PPE & IA, £27,964,000,000.
F.S.A.C. (a) 2009 % change in: revenues, 15.61%; profit Chapter 7
(loss), (54.41%). 7-1 (b) Current ratio after adjustment, 1.75 to 1.
7-2 4. Accounts receivable balance, $1,010,000.
Chapter 4 7-3 (a) Allowance for Doubtful Accounts, $45,000.
4-2 Income from operations, $3,200,000 7-4 Balance adjusted, 12/31/10, £263,600.
Net income, $1,356,000 7-5 Adjustment to allowance for doubtful accounts,
4-3 Net income, £86,100. $7,279.64.
4-4 Net income $443,450 7-7 (a) August 31 cash collected, $9,550.
4-5 Net income, $221,525. 7-9 (a) Discounted notes receivable, $62,049.
Retained earnings, June 30, $494,825. (b) Interest revenue for 2011, $6,825.
4-7 (a) Net income for year, $52,300. 7-10 (a) Total long-term receivables, $1,097,148.
4-8 Income from continuing operations, $1,060,000. (c) Total interest income, $151,873.
C.A.C. (d) minority interest (Nestle), 5.3%. 7-11 Total expenses, €52,320.
F.S.A.C. 2 (b) Addidas’s PSR, €.49. 7-12 (b) Correct cash balance, $8,918.
P.S. Net income, €476,000. 7-13 Corrected balance, June 30, $5,403.95.
7-14 Correct cash balance, $51,478.69.
Chapter 5 7-15 (d) Impairment loss, $317,535.
5-2 Total assets, €4,504,850. C.A.C. (c) Receivables turnover (Cadbury), 4.8.
5-3 Total assets, $1,154,200. F.S.A.C. 2 Receivables turnover, 7.01.
5-4 Total assets, £3,046,000. P.S. Total current assets, $182,550.
5-5 Total assets, $3,115,000.
5-6 (a) Net cash provided by operating activities, Chapter 8
$19,200. 8-1 4. Inventoriable cost, $908,100.
(b) Total assets, $252,000. 8-2 Adjusted inventory, $1,715,000.
5-7 (a) Net cash provided by operating activities, 8-4 (b) Ave. Cost inventory, $1,917.33.
¥41,200. 8-5 (b) Ave. Cost inventory, ¥3,463.
8-6 (d) Perpetual FIFO cost of goods sold, €87,100. 12/31/10, $806,400.
Moving average inventory balance, €28,600. 11-9 © Loss on impairment, $1,900,000.
8-7 (b) LIFO inventory, $1,915. 11-10 (a) Impairment loss $33,581.
8-8 (b)2 LIFO inventory, $3,350. © Recovery of impairment loss $20,149.
8-9 (d) Perpetual LIFO cost of goods sold, $92,000. 11-11 (b) Current year profit £2,094,400.
(f) Moving average inventory balance, $28,600.. 11-12 (b) Total depreciation $5,250.
8-10 New amount for retained earnings at 12/31/11 11-13 © Unrealized gain on revaluation – land $500.
$226,400. 11-14 (b) Other comprehensive income 12/31/12
8-11 (a) 6. Cost of goods sold, $11,799,080. $2,500.
8-12 (b) Inventory at 12/31/10 $766,500. C.A.C. (c) (3) Rate of return on assets (Nestle), 17.2%.
8-13 Inventory at 12/31/10 $73,192. P.S. Gain on sale, $29,000.
8-14 (a) Inventory at 12/31/10, $110,600.
F.S.A.C. 1 (a) Income before taxes, $15,306,000. Chapter 12
F.S.A.C. 3 FIFO cost of sales-07, $29,249. 12-1 Patent amortization for 2010, $10,777.
12-2 (c) Carrying value, 12/31/11, $48,000.
Chapter 9 12-3 (b) Total expenses for 2010, $61,288.
9-2 (a)2 Gain to be recorded $(12,300). 12-4 (b) Patent, $72,600.
9-3 (b) 12/31/11 Loss due to market decline, $7,000. 12-5 (c) Impairment loss, $200,000.
9-4 (d) Total effect on income €50,000. 12-6 (a) Total intangibles, £203,700.
9-5 Fire loss on inventory, ¥58,250. F.R.P. (b) Percentage of sales revenue-2007, 20.7%.
9-6 Inventory fire loss, €50,700. C.A.C. (a) (2) Percentage of total assets (Nestle), 35.3%.
9-7 (b) Inventory at LCNRV, HK$52,290. P.S. Impairment loss, $16,250.
9-8 Ending inventory at cost, $305,000.
9-9 (a) Ending inventory at LCNRV, £64,588. Chapter 13
9-10 (a) Raw materials inventory, $237,400. 13-3 Total income tax withholding for month, $104.
9-11 (a) Loss due to market decline, ¥790. 13-4 (a) Total income tax withholding, $3,350.
F.R.P. (d) Inventory turnover 12.23. 13-5 (b) Warranty expense, $136,000.
C.A.C. (d) Days to sell inventory (Nestle), 72 days. 13-7 (a) (3) Warranty expense, $117,000.
P.S. Loss due to market decline, $4,000. 13-8 Cost of estimated claims outstanding, €23,100.
13-9 (b) Premium expense for 2011, $78,000.
Chapter 10 13.12 (3) Premium expense for 2010, $54,000.
10-1 (a) Land balance- 12/31/10, £1,614,000. 13-14 1. Liability balance, $224,300.
10-2 (a) Machinery and equipment balance- 12/31/10, F.R.P. (b) Acid-test ratio, .35.
$1,295,000. C.A.C. (b) Acid-test ratio (Cadbury), .54.
10-3 (a) 1. Land, $188,700.
Building, $136,250. Chapter 14
10-5 (b) Cost of building, $3,423,000. 14-1 (e) Bond interest expense -2004, $11,322.
10.6 (b) Building balance- 12/31/11, $682,248. 14.2 (c) Loss on redemption, $41,945.
10.7 (b) Avoidable interest, $140,000. 14.3 (c) Quarterly payments, €4,503.
10-8 3. Gain recognized-Liston, $10,000. 14-5 (b) Depreciation expense-2011, $67,961.20.
10-9 (b) Gain deferred-Wiggins, $12,000. (c) Interest expense-2012, $45,078.66.
10-10 (c) Gain recognized-Marshall, €8,000. 14-6 (b) Interest expense, 12/31/10, $10,598.82.
10-11 (b) Transaction 1, asset cost, $23,115. (d) Interest Expense-2012, $5,706.46.
F.S.A.C. (d) Free cash flow, €643,000,000. 14-7 (a) Loss on bond redemption, 1/2/11, ¥3,042,888.
P.S. Pretax loss, $1,000. 14-8 1. Proceeds from sale of bonds (Sanford Co.),
3/1/10, $472,090.
Chapter 11 Bonds Payable credited 12/31/10, $2,350.
11-1 (a) Depreciation base (SL), $86,400. 2. Bonds Payable debited 12/1/10, $2,707.
11-2 Depreciation expense-2011 (SYD method), €19,250. 14-9 12/31/10 Interest expense credited $351.45.
11-3 (d) Depreciation expense-Asset E, $5,600. 1/2/11 Gain on redemption $61,847.82
11-4 (a) Semitrucks balance, 12/31/11, ¥152,000. 14-10 (d) Loss on extinguishment of bonds, Rs602,104.
(b) Depreciation expense adjustment in 2011 credit 14-11 (b) Gain on extinguishment of debt $301,123.
of ¥14,000. 14-12 © Gain on extinguishment of debt $1,712,400.
11-5 (b) 2011Depreciation expense (Bldg.), £9,900. 14-13 (b) Gain on extinguishment of debt $47,411.
11-6 (13) $52,000. 14-14 (a) Interest expense for 2010 $65,699.
11-7 (b) Depreciation expense - 2009 (SYD method), F.R.P. (b) Times interest earned, 8.70 times.
$23,800. C.A.C. (a) Times interest earned (Cadbury), 8.92 times.
P.S. Bond price, $5,307,228.36.
11-8 (a) Accumulated depreciation (DDB method),