Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
CHAPTER 9
INVESTMENTS
ASSIGNMENT CLASSIFICATION TABLE
Brief
Topics Exercises Exercises Problems
1. Understanding investments 1, 2 1, 24 1, 8, 9, 11, 12,
15, 16
2. Debt/equity securities: 14
(a) cost/amortized cost model
- equity securities 3 16, 18 5, 11
- debt securities 4, 5, 6, 7 2, 3, 4, 6 3, 6, 10, 16
(b) fair value through net income (FV-NI)
model
- equity securities 8 7, 9, 10, 11, 16, 1, 2, 10, 11, 13,
18, 20 14, 16
- debt securities 9, 10 5, 6, 8, 18 2, 3, 6, 10, 16
(c) fair value through other 11, 12, 13 10, 11, 12, 13, 4, 5, 7, 8, 9, 10,
comprehensive income (FV-OCI) 14, 15, 16, 19, 11, 12, 13, 14,
model 22 15, 16
3. Impairments 15, 16, 17, 18, 17, 18, 19, 21,
19 23, 25
4. Investments in associates
(a) equity method 20, 21, 23 20, 21, 22, 23, 11, 13, 14, 16
24, 25, 26
(b) other 22 20 11, 4
5. Investments in subsidiaries 23
Solutions Manual 9-1 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CLASSIFICATION TABLE (CONTINUED)
Brief
Topics Exercises Exercises Problems
6. Analysis, disclosures, reporting and 14, 24 14, 24, 26 1, 4, 5, 9, 11,
statement presentation 12, 13, 14, 15,
16
7. IFRS and ASPE comparison
Solutions Manual 9-2 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
E9-1 Investment classifications. Difficult 30-40
E9-2 Entries for cost/amortized cost investments. Simple 10-15
E9-3 Entries for cost/amortized cost investments. Simple 25-30
E9-4 Entries for cost/amortized cost investments. Simple 20-25
E9-5 Entries for fair value through net income Simple 20-25
investments in bonds; separate interest.
E9-6 Investments in debt instruments accounted for Moderate 35-40
using fair value through net income; also at
amortized cost.
E9-7 Fair value through net income investment Simple 10-15
model entries.
E9-8 Investments in debt instruments accounted for Moderate 25-30
using fair value through net income; interest
not reported separately
E9-9 Entries for fair value through net income Simple 15-20
investments in shares; transaction costs.
E9-10 Entries for fair value through net income and Simple 10-15
fair value through other comprehensive
income equity investments.
E9-11 Equity securities entries – FV-NI and FV-OCI. Moderate 25-35
E9-12 Debt Investment entries – FV-OCI – bond Simple 15-20
amortization
E9-13 Debt Investment entries – FV-OCI – fair value Simple 15-20
adjustments
E9-14 FV-OCI investment entries, financial Simple 25-30
statement presentation.
E9-15 FV-OCI equity entries; determine AOCI Simple 15-20
balance
E9-16 Cost, FV-NI, FV-OCI entries, effects and Moderate 30-35
comparison
E9-17 Impairment of debt investment and recovery of Moderate 20-25
value under ASPE, IFRS 9 (amortized cost)
E9-18 Impairment of debt investment and recovery of Moderate 30-35
value under FV-NI; also ASPE, IFRS 9, if
amortized cost
E9-19 Impairment entries for equity investments Difficult 35-40
using IAS 9 2 different situations and under
ASPE for one situation
E9-20 ASPE with and without significant influence Simple 20-25
E9-21 Equity method Simple 10-15
E9-22 Fair value and equity method compared. Simple 15-20
E9-23 Long-term equity investments and impairment Moderate 25-35
Solutions Manual 9-3 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE (CONTINUED)
Level of Time
Item Description Difficulty (minutes)
E9-24 Determine proper income reporting. Simple 10-15
E9-25 Equity method with cost in excess of carrying Moderate 25-30
amount; impairment
E9-26 Equity method with cost in excess of carrying Moderate 25-30
amount.
P9-1 FV-NI entries and reporting for equity Moderate 20-25
investment.
P9-2 FV-NI entries for equity and debt investments Moderate 40-45
P9-3 FV-NI and amortized cost bond investment Moderate 40-45
entries.
P9-4 Purchase and sale of FV-OCI equity Moderate 35-40
investments, and presentation.
P9-5 FV-OCI entries and reporting, comparison to Moderate 50-60
cost method.
P9-6 Amortized cost and FV-NI entries for bond Moderate 30-35
investment
P9-7 FV-OCI debt securities – bond amortization Simple 30-40
and fair value adjustments
P9-8 FV-OCI debt securities – fair value Simple 15-20
adjustments
P9-9 Entries for amortized cost and FV-OCI Simple 25-35
P9-10 Entries for amortized cost, FV-NI, and FV-OCI Moderate 35-40
investments; calculate interest between
interest dates.
P9-11 Fair value adjustments and presentation of Moderate 35-40
FV-NI, FV-OCI, and equity method
investments; choice under ASPE if significant
influence.
P9-12 Financial statement presentation of FV-OCI Moderate 25-35
investments.
P9-13 Entries for FV-NI and FV-OCI investments, as Complex 35-40
well as equity method investments.
P9-14 FV-OCI and equity method entries under Moderate 35-45
IFRS, choices and entries under ASPE
P9-15 Deduce financial statements from limited Complex 25-30
information using FV-OCI; compare to FV-NI
P9-16 FV-NI, amortized cost, FV-OCI and equity Moderate 50-60
method entries and preparation of partial
financial statements
Solutions Manual 9-4 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
CHAPTER 9
INVESTMENTS
ASSIGNMENT CLASSIFICATION TABLE
Brief
Topics Exercises Exercises Problems
1. Understanding investments 1, 2 1, 24 1, 8, 9, 11, 12,
15, 16
2. Debt/equity securities: 14
(a) cost/amortized cost model
- equity securities 3 16, 18 5, 11
- debt securities 4, 5, 6, 7 2, 3, 4, 6 3, 6, 10, 16
(b) fair value through net income (FV-NI)
model
- equity securities 8 7, 9, 10, 11, 16, 1, 2, 10, 11, 13,
18, 20 14, 16
- debt securities 9, 10 5, 6, 8, 18 2, 3, 6, 10, 16
(c) fair value through other 11, 12, 13 10, 11, 12, 13, 4, 5, 7, 8, 9, 10,
comprehensive income (FV-OCI) 14, 15, 16, 19, 11, 12, 13, 14,
model 22 15, 16
3. Impairments 15, 16, 17, 18, 17, 18, 19, 21,
19 23, 25
4. Investments in associates
(a) equity method 20, 21, 23 20, 21, 22, 23, 11, 13, 14, 16
24, 25, 26
(b) other 22 20 11, 4
5. Investments in subsidiaries 23
Solutions Manual 9-1 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CLASSIFICATION TABLE (CONTINUED)
Brief
Topics Exercises Exercises Problems
6. Analysis, disclosures, reporting and 14, 24 14, 24, 26 1, 4, 5, 9, 11,
statement presentation 12, 13, 14, 15,
16
7. IFRS and ASPE comparison
Solutions Manual 9-2 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
E9-1 Investment classifications. Difficult 30-40
E9-2 Entries for cost/amortized cost investments. Simple 10-15
E9-3 Entries for cost/amortized cost investments. Simple 25-30
E9-4 Entries for cost/amortized cost investments. Simple 20-25
E9-5 Entries for fair value through net income Simple 20-25
investments in bonds; separate interest.
E9-6 Investments in debt instruments accounted for Moderate 35-40
using fair value through net income; also at
amortized cost.
E9-7 Fair value through net income investment Simple 10-15
model entries.
E9-8 Investments in debt instruments accounted for Moderate 25-30
using fair value through net income; interest
not reported separately
E9-9 Entries for fair value through net income Simple 15-20
investments in shares; transaction costs.
E9-10 Entries for fair value through net income and Simple 10-15
fair value through other comprehensive
income equity investments.
E9-11 Equity securities entries – FV-NI and FV-OCI. Moderate 25-35
E9-12 Debt Investment entries – FV-OCI – bond Simple 15-20
amortization
E9-13 Debt Investment entries – FV-OCI – fair value Simple 15-20
adjustments
E9-14 FV-OCI investment entries, financial Simple 25-30
statement presentation.
E9-15 FV-OCI equity entries; determine AOCI Simple 15-20
balance
E9-16 Cost, FV-NI, FV-OCI entries, effects and Moderate 30-35
comparison
E9-17 Impairment of debt investment and recovery of Moderate 20-25
value under ASPE, IFRS 9 (amortized cost)
E9-18 Impairment of debt investment and recovery of Moderate 30-35
value under FV-NI; also ASPE, IFRS 9, if
amortized cost
E9-19 Impairment entries for equity investments Difficult 35-40
using IAS 9 2 different situations and under
ASPE for one situation
E9-20 ASPE with and without significant influence Simple 20-25
E9-21 Equity method Simple 10-15
E9-22 Fair value and equity method compared. Simple 15-20
E9-23 Long-term equity investments and impairment Moderate 25-35
Solutions Manual 9-3 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
, Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Eleventh Canadian Edition
ASSIGNMENT CHARACTERISTICS TABLE (CONTINUED)
Level of Time
Item Description Difficulty (minutes)
E9-24 Determine proper income reporting. Simple 10-15
E9-25 Equity method with cost in excess of carrying Moderate 25-30
amount; impairment
E9-26 Equity method with cost in excess of carrying Moderate 25-30
amount.
P9-1 FV-NI entries and reporting for equity Moderate 20-25
investment.
P9-2 FV-NI entries for equity and debt investments Moderate 40-45
P9-3 FV-NI and amortized cost bond investment Moderate 40-45
entries.
P9-4 Purchase and sale of FV-OCI equity Moderate 35-40
investments, and presentation.
P9-5 FV-OCI entries and reporting, comparison to Moderate 50-60
cost method.
P9-6 Amortized cost and FV-NI entries for bond Moderate 30-35
investment
P9-7 FV-OCI debt securities – bond amortization Simple 30-40
and fair value adjustments
P9-8 FV-OCI debt securities – fair value Simple 15-20
adjustments
P9-9 Entries for amortized cost and FV-OCI Simple 25-35
P9-10 Entries for amortized cost, FV-NI, and FV-OCI Moderate 35-40
investments; calculate interest between
interest dates.
P9-11 Fair value adjustments and presentation of Moderate 35-40
FV-NI, FV-OCI, and equity method
investments; choice under ASPE if significant
influence.
P9-12 Financial statement presentation of FV-OCI Moderate 25-35
investments.
P9-13 Entries for FV-NI and FV-OCI investments, as Complex 35-40
well as equity method investments.
P9-14 FV-OCI and equity method entries under Moderate 35-45
IFRS, choices and entries under ASPE
P9-15 Deduce financial statements from limited Complex 25-30
information using FV-OCI; compare to FV-NI
P9-16 FV-NI, amortized cost, FV-OCI and equity Moderate 50-60
method entries and preparation of partial
financial statements
Solutions Manual 9-4 Chapter 9
Copyright © 2016 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited.
