Solution Manual for Intermediate Accounting (Volume 2), 8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod, Verified Chapters 12 - 22, Complete Newest Version

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,Solution l i Manual l i for
Intermediate liAccounting liVolume li2 li8th li Edition liThomas liH. liBeechy,
liJoan liE. liConrod, liElizabeth liFarrell, liIngrid liMcLeod-Dick, liKayla liTomulka,

liRomi-Lee liSevel liChapter li12-22



Chapter li12: liFinancial liLiabilities liand liProvisions

Case 12-1 Winter liFun liIncorporated
12-2 Prescriptions liDepot liLimited
12-3 Camani liCorporation
Suggested liTime
Technical liReview
TR12-1 Financial liliabilities liand liprovisions li(IFRS) li...... 10
TR12-2 Financial liliabilities liand liprovisions li(ASPE)li..... 10
TR12-3 Provision, limeasurementli................................... 10
TR12-4 Guarantee li......................................................... 10
TR12-5 Provision, liwarrantyli.......................................... 5
TR12-6 Foreign licurrency li.............................................. 5
TR12-7 Note lipayable li.................................................... 5
TR12-8 Discounting, linote lipayable................................ 10
TR12-9 Discounting, liprovisionli..................................... 10
TR12-10 Classification, liliabilities................................... 10

Assignment liA12-1 Financial liversus linon-financial liliabilities……. 10
A12-2 Common lifinancial liliabilities………………… 10
A12-3 Common lifinancial liliabilities............................ 10
A12-4 Common lifinancial liliabilities: litaxes li................. 20
A12-5 Common lifinancial liliabilities: litaxes l i ................ 20
A12-6 Foreign licurrency lipayables……………………. 10
A12-7 Foreign licurrency lipayables li............................... 10
A12-8 Common lifinancial liliabilities liand liforeign 25
licurrency
A12-9 Provisions......................................................... 20
A12-10 Provisions li........................................................ 20
A12-11 Provisions......................................................... 20
A12-12 Provision limeasurementli.................................... 15
A12-13 Provision limeasurementli.................................... 15
A12-14 Provisions; licompensated liabsences…………... 15
A12-15 Provisions; licompensated liabsences li.................. 15
A12-16 Provisions; liwarranty li........................................ 15
A12-17 Provisions; liwarranty l i ....................................... 20
A12-18 Provisions; liwarranty l i ....................................... 25
A12-19 Discounting; lino-interest linoteli........................... 15

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, A12-20 Discounting; lilow-interest linote l i ........................ 20
A12-21 Discounting; lilow-interest linoteli......................... 20
A12-22 Discounting; liprovision..................................... 15
A12-23 Discounting; liprovision..................................... 25
A12-24 Discounting; liprovision..................................... 25
A12-25 Classification liand liSCF..................................... 20
A12-26 SCF li.................................................................. 20
A12-27 Liabilities li– liIFRS liand liASPE 10
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A12-28 Liabilities li- liASPE 20
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A12-29 Liabilities li- liASPE li............................................ 20
A12-30 Provisions/Contingencies li– liIFRS liand 20
liASPE….
A12-31 DAIS li– liwarranty liprovision 15
litrend……………...
A12-32 DAIS li– liprovision lifor licoupon 15
lirefund…………




Cases

Case li12-1 li(LO12.3, liLO12.5, liLO12.6)
Winter liFun liIncorporated

To: liMembers liof liBoard liof liDirectors
liFrom: liAccounting liConsultant
RE: liWinter liFun liIncorporated

Overview

Winter liFun liIncorporated li(WFI) liuses liIFRS lifor lifinancial lireporting. liThe libank liloan
lihas lia liminimum licurrent liratio liso liyou liwill lineed lito libe licareful liand liwatch lifor liany
liimpacts lion lithe liratio. liYou lihave lihad lia litough liyear lithis liyear liand lifaced lia liloss liso
lithe libank lifinancing liis licritical lito liyour lioperations.


Issues

1. Revenue lirecognition limemberships
2. Revenue lirecognition liguests
3. Special lipromotions
4. Coupons
5. Manufacturer liLoan
6. Lawsuit

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, 7. Warranty
8. Gasoline listorage litanks
9. Foreign licurrency lipayables
10. Compensated liabsences


© li2022 liMcGraw liHill liLtd. liAll lirights lireserved.




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