CHECKLIST OF KEY FIGURES

to accompany
Kieso Intermediate Accounting: IFRS Edition,
Volume I
John Wiley & Sons, Inc.
Chapter 3
3-1
(c) Net income for September, 6,007.
(e) Post-closing trial balance, total debits, 36,975.
3-2
(b) Net income, $36,450.
Total assets, $67,000.
3-4
(b) Adjusted trial balance total 1,004,700.
(c) Net loss (5,600).
Total assets, 202,900.
(e) Post-closing trial balance total, 241,900.
3-6
(b) Net income, $50,620.
Total assets, $101,400.
3-7
(b) Net income, 25,500.
Total assets, 57,250.
3-8
(c) Adjusted trial balance total, $839,660.
(d) Net income credited to Retained Earnings,
$31,640.
3-9
(c) Retained Earnings credit, $45,790.
3-10
(a) Net loss, cash basis, 31,500.
Net income, accrual basis, 13,900.
(b) Total assets, cash basis, 58,500.
Total assets, accrual basis, 108,900.
3-11
(a) Total debits, adjustments column, $59,200.
(b) Total assets, $203,500.
(e) Post-closing trial balance total, $245,500.
C.A.C. (a) Cadburys percentage increase, (21.5%).
(c) Nestles PPE & IA, 27,964,000,000.
F.S.A.C. (a) 2009 % change in: revenues, 15.61%; profit
(loss), (54.41%).
Chapter 4
4-2
Income from operations, $3,200,000
Net income, $1,356,000
4-3
Net income, 86,100.
4-4
Net income $443,450
4-5
Net income, $221,525.
Retained earnings, June 30, $494,825.
4-7
(a) Net income for year, $52,300.
4-8
Income from continuing operations, $1,060,000.
C.A.C. (d) minority interest (Nestle), 5.3%.
F.S.A.C. 2 (b) Addidass PSR, .49.
P.S.
Net income, 476,000.
Chapter 5
5-2
Total assets, 4,504,850.
5-3
Total assets, $1,154,200.
5-4
Total assets, 3,046,000.
5-5
Total assets, $3,115,000.
5-6
(a) Net cash provided by operating activities,
$19,200.
(b) Total assets, $252,000.
5-7
(a) Net cash provided by operating activities,
41,200.
(b) Total assets, 289,200.
F.R.P. (e) (2) Cash debt coverage ratio, .24:1.
C.A.C. (f) Free cash flow (Cadbury), (326).

F.S.A.C.4(a) Free cash flow-08, W1,368.

Chapter 6
6-1
(b) Combined present value (purchase price),
26,466,321.
(d) Cost of tractor, 4,483,820.
6-2
(a) R=$8,461.33.
6-3
PV of outflows (Bid A), $129,881.13.
6-4
PV of annuity, $286,297.20.
6-5
PV of option (c), $64,314.61.
6-6
PV of net cash inflows, $66,935.58.
6-7
(c) Amount received on sale of note,
$738,223.36.
6-8
Total cost from Vendor A, $175,602.26.
6-9
(b) Fair value of note, $83,055.75.
6-10
1. Net purchase costs, $2,151,396.
6-11
(c) Annual deposit, $9,419.
6-13
Total estimated liability, $12,810.51.
6-14
Estimated fair value, 9,672.52.
6-15
(a) PV of annuity, $64,269.
F.S.A.C. (b) Present value of net cash flows, $298,422.
P.S.
Combined PV (Proceeds) at i=8%, $107,985.10.
Chapter 7
7-1
(b) Current ratio after adjustment, 1.75 to 1.
7-2
4. Accounts receivable balance, $1,010,000.
7-3
(a) Allowance for Doubtful Accounts, $45,000.
7-4
Balance adjusted, 12/31/10, 263,600.
7-5
Adjustment to allowance for doubtful accounts,
$7,279.64.
7-7
(a) August 31 cash collected, $9,550.
7-9
(a) Discounted notes receivable, $62,049.
(b) Interest revenue for 2011, $6,825.
7-10
(a) Total long-term receivables, $1,097,148.
(c) Total interest income, $151,873.
7-11
Total expenses, 52,320.
7-12
(b) Correct cash balance, $8,918.
7-13
Corrected balance, June 30, $5,403.95.
7-14
Correct cash balance, $51,478.69.
7-15
(d) Impairment loss, $317,535.
C.A.C. (c) Receivables turnover (Cadbury), 4.8.
F.S.A.C. 2 Receivables turnover, 7.01.
P.S.
Total current assets, $182,550.
Chapter 8
8-1
4. Inventoriable cost, $908,100.
8-2
Adjusted inventory, $1,715,000.
8-4
(b) Ave. Cost inventory, $1,917.33.
8-5
(b) Ave. Cost inventory, 3,463.
8-6
(d) Perpetual FIFO cost of goods sold, 87,100.
Moving average inventory balance, 28,600.
8-7
(b) LIFO inventory, $1,915.
8-8
(b)2 LIFO inventory, $3,350.
8-9
(d) Perpetual LIFO cost of goods sold, $92,000.
(f) Moving average inventory balance, $28,600..

8-10

New amount for retained earnings at 12/31/11

$226,400.
8-11
(a) 6. Cost of goods sold, $11,799,080.
8-12
(b) Inventory at 12/31/10 $766,500.
8-13
Inventory at 12/31/10 $73,192.
8-14
(a) Inventory at 12/31/10, $110,600.
F.S.A.C. 1 (a) Income before taxes, $15,306,000.
F.S.A.C. 3 FIFO cost of sales-07, $29,249.
Chapter 9
9-2
(a)2 Gain to be recorded $(12,300).
9-3
(b) 12/31/11 Loss due to market decline, $7,000.
9-4
(d) Total effect on income 50,000.
9-5
Fire loss on inventory, 58,250.
9-6
Inventory fire loss, 50,700.
9-7
(b) Inventory at LCNRV, HK$52,290.
9-8
Ending inventory at cost, $305,000.
9-9
(a) Ending inventory at LCNRV, 64,588.
9-10
(a) Raw materials inventory, $237,400.
9-11
(a) Loss due to market decline, 790.
F.R.P. (d) Inventory turnover 12.23.
C.A.C. (d) Days to sell inventory (Nestle), 72 days.
P.S.
Loss due to market decline, $4,000.
Chapter 10
10-1
(a) Land balance- 12/31/10, 1,614,000.
10-2
(a) Machinery and equipment balance- 12/31/10,
$1,295,000.
10-3
(a) 1. Land, $188,700.
Building, $136,250.
10-5
(b) Cost of building, $3,423,000.
10.6
(b) Building balance- 12/31/11, $682,248.
10.7
(b) Avoidable interest, $140,000.
10-8
3. Gain recognized-Liston, $10,000.
10-9
(b) Gain deferred-Wiggins, $12,000.
10-10 (c) Gain recognized-Marshall, 8,000.
10-11 (b) Transaction 1, asset cost, $23,115.
F.S.A.C. (d) Free cash flow, 643,000,000.
P.S.
Pretax loss, $1,000.
Chapter 11
11-1
(a) Depreciation base (SL), $86,400.
11-2
Depreciation expense-2011 (SYD method), 19,250.
11-3
(d) Depreciation expense-Asset E, $5,600.
11-4
(a) Semitrucks balance, 12/31/11, 152,000.
(b) Depreciation expense adjustment in 2011 credit
of 14,000.
11-5
(b) 2011Depreciation expense (Bldg.), 9,900.
11-6
(13) $52,000.
11-7
(b) Depreciation expense - 2009 (SYD method),
$23,800.
11-8
11-9
11-10
11-11
11-12
11-13
11-14

(a) Accumulated depreciation (DDB method),

12/31/10, $806,400.
Loss on impairment, $1,900,000.
(a) Impairment loss $33,581.
Recovery of impairment loss $20,149.
(b) Current year profit 2,094,400.
(b) Total depreciation $5,250.
Unrealized gain on revaluation land $500.
(b) Other comprehensive income 12/31/12 $2,500.

C.A.C. (c) (3) Rate of return on assets (Nestle), 17.2%.

P.S.
Gain on sale, $29,000.
Chapter 12
12-1
Patent amortization for 2010, $10,777.
12-2
(c) Carrying value, 12/31/11, $48,000.
12-3
(b) Total expenses for 2010, $61,288.
12-4
(b) Patent, $72,600.
12-5
(c) Impairment loss, $200,000.
12-6
(a) Total intangibles, 203,700.
F.R.P. (b) Percentage of sales revenue-2007, 20.7%.
C.A.C. (a) (2) Percentage of total assets (Nestle), 35.3%.
P.S.
Impairment loss, $16,250.
Chapter 13
13-3
Total income tax withholding for month, $104.
13-4
(a) Total income tax withholding, $3,350.
13-5
(b) Warranty expense, $136,000.
13-7
(a) (3) Warranty expense, $117,000.
13-8
Cost of estimated claims outstanding, 23,100.
13-9
(b) Premium expense for 2011, $78,000.
13.12 (3) Premium expense for 2010, $54,000.
13-14 1. Liability balance, $224,300.
F.R.P. (b) Acid-test ratio, .35.
C.A.C. (b) Acid-test ratio (Cadbury), .54.
Chapter 14
14-1
(e) Bond interest expense -2004, $11,322.
14.2
(c) Loss on redemption, $41,945.
14.3
(c) Quarterly payments, 4,503.
14-5
(b) Depreciation expense-2011, $67,961.20.
(c) Interest expense-2012, $45,078.66.
14-6
(b) Interest expense, 12/31/10, $10,598.82.
(d) Interest Expense-2012, $5,706.46.
14-7
(a) Loss on bond redemption, 1/2/11, 3,042,888.
14-8
1. Proceeds from sale of bonds (Sanford Co.),
3/1/10, $472,090.
Bonds Payable credited 12/31/10, $2,350.
2. Bonds Payable debited 12/1/10, $2,707.
14-9
12/31/10 Interest expense credited $351.45.
1/2/11 Gain on redemption $61,847.82
14-10 (d) Loss on extinguishment of bonds, Rs602,104.
14-11 (b) Gain on extinguishment of debt $301,123.
14-12 Gain on extinguishment of debt $1,712,400.
14-13 (b) Gain on extinguishment of debt $47,411.
14-14 (a) Interest expense for 2010 $65,699.
F.R.P. (b) Times interest earned, 8.70 times.
C.A.C. (a) Times interest earned (Cadbury), 8.92 times.
P.S.
Bond price, $5,307,228.36.