14. Under the revenue test alone which are the reportable operating segments 15. Under the asset...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
14. Under the revenue test alone which are the reportable operating segments 15. Under the asset test alone which are the reportable operating segments 16. Under the Profit and Loss test alone which are the reportable operating segments 17. Using all three tests, which are the reportable operating segments. 18. Assume that only Red, Blue and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments ? 19. What is the amount of revenues from a single customer in one year that will cause it to be a major customer Segment Reporting Practice Exam Segments Black 121 Red Blue Green Pink White Sales to outsiders 1811 812 514 309 99 Intersegment revenues 16 91 109 16 302 Salary expense Rent expense 614 379 402 81 312 317 42 62 31 139 166 92 Segment Profit and Loss Segment Assets 100 300 600 200 300 500 Segment Liabilities 50 100 200 75 275 220 14. Under the revenue test alone which are the reportable operating segments 15. Under the asset test alone which are the reportable operating segments 16. Under the Profit and Loss test alone which are the reportable operating segments 17. Using all three tests, which are the reportable operating segments. 18. Assume that only Red, Blue and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments ? 19. What is the amount of revenues from a single customer in one year that will cause it to be a major customer Segment Reporting Practice Exam Segments Black 121 Red Blue Green Pink White Sales to outsiders 1811 812 514 309 99 Intersegment revenues 16 91 109 16 302 Salary expense Rent expense 614 379 402 81 312 317 42 62 31 139 166 92 Segment Profit and Loss Segment Assets 100 300 600 200 300 500 Segment Liabilities 50 100 200 75 275 220
Expert Answer:
Answer rating: 100% (QA)
An Operating Segment should be reported based on meeting any one of the following criteria 1 The rev... View the full answer
Posted Date:
Students also viewed these accounting questions
-
At Stevens Manufacturing, workers are organized in teams that combine their efforts to produce complex units of a final product. Stevens is using a facility layout known as a(n): consolidated process...
-
Economic success of a communitys survival without population or income change is not common because the death rate is equal to the birth rate births and immigration are historically higher than the...
-
Green and blue LEDS became available many years after red LEDS were first developed. Approximately what energy gaps would you expect to find in green (525nm) and in blue (465nm) LEDS?
-
What are the major considerations in structuring a channel of distribution?
-
Use the selection from the annual report of Books-A-Million, Inc., in Appendix A to answer the following questions: 1. When you look at the financial statements for Books-A-Million, can you tell if...
-
The trial balance of Mr. Rosiak Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $2,100. 2....
-
Able Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Commerce Bank or Aztec. Commerce Bank deducts a 3% service charge for sales on...
-
1. What are the positive aspects the employees could glean from the financial data? 2. What concerns should they have? 3. What additional information would you want to know?
-
Solve for x. Assume that lines which 6) R 128 EQ 7x+2 T 28x+9 S
-
The comparative financial statements of Vision International, Inc., are as follows. The market price of Vision International, Inc., common stock was $20 on December 31, 2007. Instructions Determine...
-
c. Write a C program that inserts the following student grades in an array and prints them out using loops. [5 marks] # 1 2 3 3456N 4 5 6 7 Grade 30 12 35 78 97 57 46
-
What is a User Story?
-
Describe the supply chain operations reference (SCOR) model for monitoring project supply chain performance.
-
How do you describe each of the models operations?
-
What are the steps of the Component SelectionMethodology?
-
Define project quality and discuss briefly the determinants of project quality.
-
Haines Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 38,000 units per year. Budgeted and actual results for the most recent year follow: Budgeted Actual Fixed...
-
Smthe Co. makes furniture. The following data are taken from its production plans for the year. Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs...
-
Jud's Manufacturing Company produces one product, Kebo. Because of wide fluctuations in demand for Kebo, the Assembly Department experiences significant variations in monthly production levels. The...
-
Lorch Company uses budgets in controlling costs. The May 2002 budget report for the company's Packaging Department is as follows. The budget amounts in the report were on the master budget For the...
-
Lakem elder Dutch manufactures expensive watch eases sold as souvenirs. Three ol its sales departments are: Retail Sales, Wholesale Sales, and Outlet Sales. The Retail Sales Department is a profit...
Study smarter with the SolutionInn App