22. Provided below are four segments that have been identified by a company. SEGMENTS IDENTIFIED BY A COMPANY Total Revenue Segment(Unaffiliated) Profit (Loss) OperatingIdentifiable Assets S 200,000 S 400,000 150,000 60,000 25,000 S 700,000 600,000 300,000 150,000 35,000) 4,000 3,000 Under current FASB Standards, for which of the segments would the company need to provide segment information? (a) Wand X. (b) X and Y (c) W, X, and Y (d) W, X, Y, and Z. 23. A company sold equipment that had an original cost of $100,000 and accumulated depreciation of S62,000. The proceeds from the sale were $45,000. How should this transaction appear on the company's statement of cash flows, using the indirect method? (a) An addition to net income of $7,000 and a cash inflow from investing activities of $45,000. A deduction from net income of $7,000 and a cash inflow from investing activities of $45,000. (b) (c) A cash inflow from investing activities of $45,000 only (d) A deduction from net income of $7,000 and a cash inflow from investing activities of $38,000. Use the following information to answer Questions 24 and 25. A company's December 31 financial statements for 20X0 and 20X1 contained the following errors. COMPANY INFORMATION REGARDING ERRORS IN FINANCIAL STATEMENTS FOR YEARS ENDING DECEMBER 31, 20X0 AND 20x1 Dec. 31, 20X0 $ 5,000 understated S 3,600 overstated $2,500 overstated Dec. 31, 20X1 Ending Inventory Depreciation Expense What is the total net effect of these errors on the company's 20X0 net income, ignoring income tax considerations? (a) Understated by $5,000. (b) Understated by $7,500. (c) Understated by $2,500. (d) Overstated by $2,500. 24. What is the total net effect of these errors on the company's 20X1 retained earnings, ignoring income tax considerations? (a) Understated by $11,100. (b) Overstated by $3,600. (c) Overstated by $1,100. (d) Understated by $3,900. 25