CHECKLIST OF KEY FIGURES
to accompany
Kieso Intermediate Accounting, Fourteenth Edition
© 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.
3-5
(b) 4. Salaries and wages expense, $62,300.
3-6
(b) Net income, $50,620.
Total assets, $101,400.
3-7
(b) Net income, $2,510.
Total assets, $23,430.
3-8
(b) Net income, $38,810.
Total assets, $68,790.
3-9
(c) Adjusted trial balance total, $839,660.
(d) Net income credited to Retained Earnings,
$31,640.
3-10
(c) Retained Earnings credit, $45,790.
3-11
(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.
3-12
(a) Total debits, adjustments column, $59,200.
(b) Total assets, $203,500.
(e) Post-closing trial balance total, $245,500.
C.A.C. (a) PepsiCo’s percentage increase, 10.7%.
(c) Coca-Cola’s PPE & IA, $11,982,000,000.
F.S.A.C. (a) Percentage change in: sales 2008, 8.88%; net
earnings 2008, 3.99%.
Chapter 4
4-1
Income from continuing operations, $2,416,000.
Net income, $1,496,000.
4-2
Net income, $86,100.
4-3
Income from continuing operations, $618,150.
Net income, $489,050.
4-4
(a) Net income, $221,525.
(b) Retained earnings, June 30, $494,825.
4-6
(a) Net income for year, $52,300.
4-7
Income from continuing operations, $744,000.
F.R.P. (c) Gross profit increase, 5%.
C.A.C. (b) Gross profit-2007 (PepsiCo), $21,436.
F.S.A.C. 2 Earnings per share $.32.
F.S.A.C. 3 (b) Hershey’s PSR, 2.02.
P.S.
(d) Net income, $476,000.
Chapter 5
5-2
Total assets, $4,504,850.
5-3
Total assets, $1,154,200.
5-4
Total assets, $2,476,000.
5-5
5-6
Total assets, $3,115,000.
(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, .20:1.
C.A.C. (f) Free cash flow (PepsiCo), $1,936.
F.S.A.C. 4(a) Free cash flow-Current year, $486.
Chapter 6
6-1
(b) Combined present value (purchase price),
$264,663.
(d) Cost of tractor, $44,838.
6-2
(a) R=$8,461.
6-3
PV of outflows (Bid A), $129,881.
6-4
PV of annuity, $286,297.
6-5
PV of option (c), $64,315.
6-6
PV of net cash inflows, $66,936.
6-7
(c) Amount received on sale of note, $738,223.
6-8
Total cost from Vendor A, $175,602.
6-9
(b) Fair value of note, $83,056.
6-10
1. Net purchase costs, $2,151,396.
6-11
(c) Annual deposit, $9,419.
6-13
Total estimated liability, $12,810.
6-14
Estimated fair value, $9,672.
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), $107,985.
Chapter 7
7-1
(b) Current ratio after adjustment, 1.75 to 1.
7-2
4. Accounts receivable balance before deducting
allowance for doubtful accounts, $1,010,000.
7-3
(a) Allowance for Doubtful Accounts, $45,000.
7-4
(a) Balance adjusted, 12/31/12, $263,600.
7-5
Adjustment to allowance for doubtful accounts,
$7,279.64.
7-7
August 31 cash collected, $9,550.
7-9
(a) Discount on notes receivable, credited,
$17,951.
(b) Interest revenue for 2013, $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 (Coca-Cola), 9.1.
F.S.A.C. 2 Part 2 (a) Receivables turnover, 4.72.
P.S.
Total current assets, $183,012.
Chapter 8
8-1
4. Dollar-value LIFO inventory 12/31/13, $261,920.
8-2
Adjusted inventory, $1,715,000.
8-4
(b) LIFO inventory, $1,915.
8-5
(b) LIFO inventory, $3,350.
8-6
(d) Perpetual LIFO cost of goods sold, $92,600.
(f) Moving average inventory balance, $28,600.
8-7
New amount for retained earnings at 2013, $226,400.
8-8
(a) 6. Cost of goods sold, $11,799,080.
8-9
(b) Inventory at 12/31/12 $766,500.
8-10
Inventory at 12/31/12 $73,192.
8-11
(a) Inventory at 12/31/12, $110,600.
F.S.A.C. 1 (a) Income before taxes, $17,846,000.
F.S.A.C. 3 FIFO cost of sales-09, $34,451.
Chapter 9
9-2
(a) 2. Loss due to market decline, $7,100.
9-4
Fire loss on inventory, $58,250.
9-5
Inventory fire loss, $50,700.
9-6
(b) Inventory at lower-of-average-cost-or-market,
$52,290.
9-7
Ending inventory at cost, $305,000.
9-8
(a) Ending inventory at lower-of-cost-or-market,
$64,588.
9-9
(a) Raw materials inventory, $237,400.
9-10
Loss due to market decline, $950.
9-11
(b) Cost of ending inventory using dollar-value LIFO,
$39,072.
9-12
(b) Estimated ending inventory at LIFO cost,
$83,000.
9-13
(b) Cost of 12/31/12 ending inventory under LIFO,
$23,615.
9-14
(b) Cost of ending inventory under LIFO retail,
$34,500.
(c) Cost of 2013 ending inventory under dollar-value
LIFO, $32,190.
F.R.P. (d) Inventory turnover 5.09.
C.A.C. (d) Days to sell inventory (PepsiCo), 47 days.
P.S.
Loss due to market decline, $4,000.
Chapter 10
10-1
(a) Land balance- 12/31/12, $1,614,000.
10-2
(a) Machinery and equipment balance- 12/31/12,
$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- 12/31/13, $682,248.
10-7
(b) Avoidable interest, $140,000.
10-8
3. Gain recognized-Liston, $10,000.
10-9
(b) Gain recognized-Wiggins, $2,400.
10-10 (d) Gain recognized-Marshall, $7,000.
10-11 (b) Transaction 1, asset cost, $23,115.
F.S.A.C. (d) Free cash flow, $8,879,000,000.
P.S.
Pretax loss, $4,000.
Chapter 11
11-1
(a) Depreciation base (SL), $86,400.
11-2
Depreciation expense-2013 (SYD method),
$19,250.
11-3
(d) Depreciation expense-Machinery E, $5,600.
11-4
(a) Trucks balance, 12/31/13, $152,000.
(b) Depreciation expense adjustment in 2013
credit of $14,000.
11-5
(b) Depreciation expense (Bldg. and Mach.),
$5,250.
11-6
(c) Extraordinary loss, $1,360,000.
11-7
Depletion Expense for 2012, $740,000.
11-8
(b) (2) Building cost, $198,000.
11-9
(c) Loss on impairment, $1,900,000.
11-10 (13) $52,000.
11-11 (b) Depreciation expense - year 2 (2011) (SYD
method), $23,800.
11-12 (a) Accumulated depreciation (DDB method),
12/31/12, $806,400.
C.A.C. (c) (3) Rate of return on assets (PepsiCo), 15.68%.
P.S.
Gain on sale, $29,000.
Chapter 12
12-1
Patent amortization for 2012, $9,170.
12-2
(c) Carrying value, 12/31/13, $31,200.
12-3
(b) Total intangible assets 2012, $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 on R&D-2009,
2.59%.
C.A.C. (a) (2) Intangibles as a percentage of total assets
(PepsiCo), 22.98%.
P.S.
Impairment loss, $21,125.
Chapter 13
13-3
Total income tax withholding for month, $416.
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 2013, $78,000.
13-12 (3) Premium expense for 2012, $54,000.
13-14 1. Liability balance 12/31/13, $224,300.
F.R.P. (b) Acid-test ratio, .34.
C.A.C. (b) Acid-test ratio (Coca-Cola), .94.
Chapter 14
14-1
(e) Bond interest expense -2006, $11,322.
14-2
(c) Loss on redemption, 58,195.
14-3
(c) Quarterly payments, $4,503.
14-4
(a) Loss on bond redemption, 1/2/13, $180,000.
14-5
1. Discount on bonds (Sanford Co.), 3/1/12,
$27,910.
Discount on Bonds Payable credited 12/31/12,
$2,350.
2. Premium on Bonds Payable (Titania) debited
12/1/12, $2,707.
14-6
Gain on Redemption of Bonds credited 4/1/13,
$12,351.72.
14-7
(d) Loss on bond redemption, 3/1/13, $369,000.
14-8
(b) Depreciation expense-2013, $67,961.20.
(c) Interest expense-2014, $45,078.66.
14-9
(b) Discount on Notes Payable credited, 12/31/12,
$10,598.82.
(d) Interest Expense-2014, $5,706.46.
14-10 (b) Interest expense for 2012, $65,699.
14-12 (b) Loss on restructuring of debt, $237,311.
14-13 (c) Frontenac National Bank’s loss on restructuring,
$1,243,400.
14-14 (c) Loss on restructuring of debt, $63,000.
F.R.P. (b) Times interest earned, 12.28 times.
C.A.C. (a) Times interest earned (Coca-Cola), 26.2 times.
P.S.
Bond price, $5,307,228.36.
Chapter 15
15-1
(b) Total stockholders’ equity, $933,300.
15-2
(b) Total stockholders' equity, $844,600.
15-3
Total stockholders’ equity, $45,942,000.
15-6
(b) Total stockholders’ equity, $760,100.
15-7
(a) Cash dividend to common, $89,610.
15-9
Total paid-in capital, $1,028,700.
Total stockholders’ equity, $1,246,900.
15-11 (c) Total stockholders’ equity, $61,900,000.
15-12 Total paid-in capital, $5,737,300.
Total stockholders’ equity, $6,088,000.
F.R.P. (f) Return on common stock equity, 2009, 20.4%.
C.A.C. (f) Rate of return on common stock equity, 2009
(Coca-Cola), 30.2%.
Chapter 16
16-1
(b) Total stockholders’ equity, $5,078,000.
16-2
(c) Total bond interest expense for 2013, $292,675.
16-5
(b) Diluted EPS, $1.28.
16-6
(b) Weighted shares 5/31/13, 2,200,000.
16-7
(b) Shares to compute diluted EPS, 5,791,000.
(c) Adjusted net income for basic EPS, $10,350,000.
16-8
(b) Diluted EPS, $1.56.
16-9
(b) 2012 EPS, $.10.
P.S.
Diluted EPS, $2.56.
Chapter 17
17-1
(f) Securities fair value adjustment, 12/31/13, $122.
17-2
(d) Securities fair value adjustment, 12/31/13,
$10,348.
17-3
(c) Securities fair value adjustment, 12/31/12,
$15,751.
17-4
(c) Securities fair value adjustment, 12/31/13,
$16,292.
17-5
(c) Securities fair value adjustment, 12/31/13,
$18,620.
17-6
(a) 3. Securities fair value adjustment, 9/30/12,
$9,000.
17-7
(a) Securities fair value adjustment, 12/31, $26,000.
17-8
(a) 1. Securities fair value adjustment (trading),
$80,000.
17-9
17-10
17-11
17-12
17-13
17-15
17-16
17-17
17-18
P.S.
(b) Securities fair value adjustment, $27,000.
(b) Comprehensive income, $55,000.
(a) 8. Securities fair value adjustment, 12/31/13
$4,200.
(c) Loss on Investments, $10,800.
(d) Value of call option, $1,230.
(d) Value of put option, $3,225.
(a) (3) Cash settlement, $50,000.
(b) Unrealized holding gain, $5,000.
(c) Other income (loss), $(335).
Securities fair value adjustment, 12/31/12,
$29,700.
Chapter 18
18-1
(b) Revenue to be recognized in 2012 (Depp),
$9,000,000.
18-2
(a) Gross profit recognized in 2013, $90,000.
18-3
(a) Gross profit recognized in 2013, $390,000.
18-4
(a) Gross profit recognized in 2013, $410,000.
18-6
(a) Loss recognized in 2013, $130,000.
18-7
(a) Loss recognized in 2013, $180,000.
18-8
(a) Gross profit realized in 2014, 98,400.
18-9
Gross profit realized on installment sales, 2014,
$113,600.
18-10 (b) Gross profit realized in 2013, $72,400.
18-11 (a) Loss on repossession, $5,600.
18-12 (a) Rate of gross profit, 2013, 38%.
(b) Net income for 2013, $91,200.
18-13 5. Loss on repossession, $116.
18-14 (a) 1. Cost of goods sold, 2014, $112,200.
(c) Loss on repossessions, 2014, $1,420.
(d) Net income for 2014, $11,144.
18-15 (b) Loss to be recognized, 2013, $300,000.
18-16 Gross profit recognized in 2013, $135,000.
18-17 (b) Gross profit, $109,200.
P.S.
Net income, $1,364,600.
Chapter 19
19-1
(c) Deferred tax asset, $14,000; liability, $42,000.
(d) Net income $542,000.
19-2
(a) Deferred tax liability in 2012, $49,000; in
2013, $7,000 + $50,000; in 2014, $48,000;
Deferred tax benefit in 2015, $44,000.
(b) Net income for 2013, $173,000.
19-3
(b) Income tax expense, $469,000.
(c) Net income, $931,000.
19-4
(a) Taxable income for 2012, $744,200.
(b) Income tax expense for 2012, $227,760.
19-5
(c) Net loss, $113,000.
(d) Income tax payable for 2013, $8,000.
19-6
1. Deferred tax asset, $560.
2. Deferred tax asset, $690.
19-7
(a) Deferred tax liability in 2012, $16,000;
deferred tax benefit in 2013, $7,000; in 2014,
$7,000.
19-8
(b) Income tax expense for 2012, $106,000.
(d) Deferred tax asset (current), $30,000.
Deferred tax asset (noncurrent), $54,000.
19-9
P.S.
(a) Taxable income, $62,000.
(b) Deferred tax asset, $2,000; liability $18,000.
Taxable income, $55,100.
Chapter 20
20-1
(a) Pension expense 2012, $348,000; 2013,
$450,640.
20-2
(a) Pension expense 2011, $21,000; 2012, $95,100;
2013, $89,370.
20-3
(a) Pension expense for 2012, $85,000.
20-4
(a) Pension expense for 2012, $109,000.
20-5
(a) Pension expense for 2014, $131,367.
20-6
(b) Pension expense for 2012, $566,667.
(d) Net gain, 12/31/12, $875,000.
20-7
Pension expense for 2012, $146,100.
20-8
(a) Pension expense for 2012, $129,000; 2013,
$134,223.
20-9
(c) Pension expense for 2013, $432,440.
20-10 (a) Pension expense for 2012, $60,500.
20-11 (a) Pension expense for 2013, $102,292.
20-12 (a) Pension expense for 2013, $59,700
20-13 (a) Postretirement expense for 2012, $80,000.
20-14 (c) Postretirement expense for 2013, $221,800.
P.S.
Pension expense, $113,250.
Chapter 21
21-1
(c) Present value of minimum lease payments,
$681,741.
21-3
(a) Present value of lease payments, $3,000,000.
(e) Interest expense for 12/31/12, $206,882.
21-4
(b) 1. Interest expense, $5,942.
3. Interest expense, $22,795.
21-5
(b) 1. Interest revenue, $5,942.
3. Interest revenue, $22,795.
21-6
(a) Balance of lease liability, 1/1/14, $331,521.
21-7
(b) Balance of lease liability, 12/31/14, $69,420.
21-8
(e) Balance of lease liability, 1/1/13, $328,012.
21-10 (b) Lease receivable, beginning of year 6, $139,213.
21-11 (b) Lease liability at beginning of year 8, $69,423.
21-12 (a) Discounted present value, 1/1/12, $7,635,410.
21-13 (b) Lease receivable, beginning of year 7, $159,454.
Total interest on lease receivable, $203,676.
21-14 (b) Lease liability, beginning of year 7, $159,454.
21-16 (b) Lessee interest expense, 12/31/12, $17,109.
F.S.A.C. (a) PV of future lease payments,$2,306,000.
P.S.
Balance of lease liability, 1/1/14, $227,201.94.
Chapter 22
22-1
(a) 2. Depreciation expense-2012, $20,250.
22-2
(b) Net income for 2013, $274,000.
22-3
3. Depreciation expense decrease, $4,800.
22-4
(a) Net income, $3,500,000.
22-5
Net income for 2012, $514.
22-6
(b) Retained earnings at 12/31/12, $874,700.
22-9
Corrected net income, 2012, $38,740.
22-10 (a) Corrected income before taxes, 2011, $65,744;
2012, $117,335; 2013, $94,611.
22-11 (b) Income from investment for 2013, $170,000.
22-12
P.S.
Prior period adjustment, 1/2/13, $19,000.
Diluted EPS, $2.63.
Chapter 23
23-1
Net cash provided by operating activities,
$425,000.
23-2
Net cash provided by operating activities, $7,300.
23-3
Cash payments for merchandise, $1,270.
23-4
Cash payments for operating expenses, $226,350.
23-5
Net cash used by operating activities, $22,207.
Net cash used by investing activities, $274,404.
23-6
(a) Net cash provided by operating activities,
$43,425.
23-7
(b) Cash received from customers, $1,238,250.
Net cash provided by operating activities,
$151,250.
23-8
(a) Net cash provided by operating activities,
$48,000.
23-9
Net cash provided by operating activities, $2,500.
C.A.C. (e)1. Current cash debt coverage ratio, (PepsiCo),
.77:1.
F.S.A.C. (b) Cash debt coverage ratio, .070:1.
Chapter 24
24-1
Total current assets, $1,620,800.
24-2
(b) Revenues from reportable segments, $575,000.
24-3
(a) (4) Return on assets for 2013, 20.4%.
(c) Net income for 2015, $536.6.
24-4
(b) Percent change for total assets, 19.93%.
24-5
(b) 2013: Rate of return on assets, 10.9%; Priceearnings, 7.5 times; Current ratio, 1.82:1.
F.S.A.C. (a) Times interest earned, 8.84.
Asset turnover, 1.85 times.