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1、CHAPTER 20ACCOUNTING FOR LEASESCONTENT ANALYSIS OF EXERCISES AND PROBLEMSNumberContentTime Range(minutes)E20-1Operating Lease. Annual rental payments, no renewable option clause, executory costs. Lessees journal entries to record agreement, payments, expenses. 5-10E20-2Capital Lease. Calculation of
2、rental payments made at end of year. Table summarizing lease payments, interest expense. Journal entries.10-15E20-3Capital Lease. Payments made at beginning of year. Table summarizing lease payments, interest expense. Journal entries.10-15E20-4Direct Financing Lease. Calculation of rental receipts,
3、made at end of year. Table summarizing rental receipts, interest revenue. Journal entries.10-15E20-5Direct Financing Lease. Journal entries to record contract, first rental receipt. 5-10E20-6Direct Financing Lease / Capital Lease. Table summarizing lease and interest payments. Journal entries for le
4、ssor and lessee.10-15E20-7Sales-Type Lease. Payments made at end of year. Calculation of selling price (fair value). Table summarizing lease receipts, interest revenue. Journal entries.10-15E20-8Sales-Type Lease. Payments made at beginning of year. Calculation of selling price (fair value). Table su
5、mmarizing lease receipts, interest revenue. Journal entries.10-15E20-9Sales-Type Lease / Capital Lease. Computation of lease payments. Journal entries for lessor and lessee.10-15E20-10Operating Lease / Sales-Type Lease. Accounted for as operating, should have been sales-type. Computation of effect o
6、n net income.10-20E20-11Operating Lease. Computation of income derived from lease by lessor, amount of rent expense for lessee.10-15NumberContentTime Range(minutes)E20-12Determining Type of Lease. Title passes at lease-end, collectibility reasonably assured, no uncertainties surrounding costs to be
7、incurred. Table summarizing receipts, revenue. Lessors journal entries.15-20E20-13(Appendix). Sales-Leaseback. Calculation of lease payments. Lessors journal entries to record sale and agreement. Description of how to treat the gain by the lessee.15-20P20-1Determining Type of Lease. No bargain purch
8、ase option, no agreement to transfer ownership at lease-end, no uncertainties surrounding costs to be incurred. Journal entries for lessee and lessor.15-25P20-2Determining Type of Lease. Lessors viewpoint. Option to buy, collectibility reasonably assured, no uncertainties surrounding costs. Journal
9、entries, disclosure requirements.25-35P20-3Capital Lease. Calculation of rental payments. Table summarizing lease payments, interest expense. Journal entries, partial balance sheet.30-45P20-4Direct Financing Lease. Table summarizing lease receipts, interest revenue. Explanation of lease classificati
10、on. Journal entries. Partial balance sheets.35-50P20-5Comprehensive: Direct Financing and Capital Lease. Computation of rental amounts. Table summarizing lease and interest receipts. Analysis of lessees lease classification. Journal entries for lessor and lessee. Comparative financial statement pres
11、entation.45-60P20-6Direct Financing Lease. Unguaranteed residual value. Computation of rental amounts. Table summarizing lease and interest receipts. Journal entries.30-40P20-7Sales-Type Lease. Calculation of implied selling price. Table summarizing lease receipts, interest revenue. Explanation of l
12、ease classification. Journal entries, partial balance sheet.30-45P20-8Various Lease Issues. Journal entries for lessee and lessor to record all lease transactions.30-45P20-9Various Lease Issues. Computation of annual rentals if payable at beginning of year, at end of year. Table. Journal entries for
13、 lessee and lessor. Partial balance sheet disclosures.45-60P20-10Initial Direct Costs. Analysis for various lease classifications. Determination of lessors lease classification. Discussion of lessors journal entries.20-30NumberContentTime Range(minutes)P20-11Various Lease Issues. Classification of l
14、ease for lessee, for lessor. Option to buy, collectibility reasonably assured, no uncertainties. Lessor journal entries. Accounting for a change in residual value.30-45P20-12Accounting for Leases. Journal entries to record the lease for both the lessee and lessor.30-45P20-13(AICPA adapted). Lessors
15、Income Statement. Preparation of lessors income statement, including sales-type and operating lease as well as long-term construction contracts.50-60P20-14(Appendix). Determining Types of Leases. For lessee, for lessor. Lease of land. No bargain purchase option, collectibility reasonably assured, no uncertainties s
