ACCT3321_101_2220: Intermediate Acct.

II_101
Spring Semester 2021/2022

Name _____________________________________ ID No. ________________

Problem Solving Assignment - Total weight 20%
Due Date: Thursday, May 19 2022
Time: 11:59 PM
Max %
CLOs Covered Question(s) % Actual Mark
Mark
CLO 3, 4 & 5 1, 2 & 3 20 20

Total

Description of the Task:

The aim of this task is to give you the opportunity to demonstrate your level of understanding of the following
topics/chapters:
Ch. 12 Investments
Ch. 13 Current Liabilities and Contingencies
Ch. 14 Bonds and Long-Term Notes

Instructions to candidates:
You must submit your answers in paper format to your instructor/assignment mailbox by the due date.
There will be a standard penalty for late submission. The standard penalty is 5% of the marks for that task
for each delay in submission of a day or partial day up to a maximum of five (5) working days after the
due date;
Your submission will not be accepted after the earlier of the following occurrences:
Feedback on the assessment task has been posted/released to any student; or
The fifth working day after the due date.

Marking Criteria:

Clear and concise discussion and working of the key points of the questions;
Presentation format, spelling, vocabulary, readability.
Academic Integrity:
Academic integrity means being honest in academic work and taking responsibility for learning the
conventions of scholarship. PMU views this seriously as evidenced by its policy number III. A-3.

Academic misconduct includes copying, cheating, plagiarism & improper referencing. You should
familiarize yourself with your responsibilities in relation to Academic Integrity and if you have any
questions, direct them to your Course Coordinator/instructor. Information can be found on the website at:
https://www.pmu.edu.sa/policy/policy?ID=146
Problem 1 [LO12–1, LO12–2, LO 12–3]: Securities held to- maturity, securities available for sale, and
trading securities. (7.5 Marks).
Problem 2 [LO13 6]: Subsequent events: (7.5 Marks).
Problem 3 [LO14 2]: Determining the price of bonds; discount and premium; issuer and
investor. (5 Marks).