Intermediate Accounting Essentials Volume 3
CONTENTS
CONTENTS
Page
vi
Preface
viii
Features of the Book
CHAPTER 4 Accounting for Income Tax and Subsequent Events .................................. 87 88 Permanent and temporary differences CHAPTER 1 Financial Statements—A Review ............................................................... 1 2 Purposes of financial statement preparation 2 Complete set of financial statements 3 General features of financial statements 8 Structure and content of financial statements CHAPTER 2 Leases ............................................................................................... 19 20 Account for lease in the books of the lessee Right-of-use asset in the books of the lessee Measure finance lease liability in the books of the lessee 34 Account for lease in the books of the lessor Operating lease Direct financing lease Sales-type lease CHAPTER 3 Employee Benefits .................................................................................... 63 64 Employee benefits 64 Compensated absences 65 Bonus computation 66 Post-employment benefits
iii
Taxable and deductible temporary differences Deferred tax liability and deferred tax asset
93
Subsequent events
2025 Higher Education Learning Solutions for the Business and Accountancy Program 28 CHAPTER 5 Irregular Items ......................................................................................... 107 108 Lesson 1: Noncurrent Assets Held for Sale and Discontinued Operations Measurement of noncurrent assets held for sale Classification of noncurrent held for sale Presentation of noncurrent asset classified as held for sale Discontinued operations 114 Lesson 2: Operating Segment and Related Party Transactions Determine reportable segments Operating segments not meeting any of the quantitative thresholds Major customer
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