Question
a)Not enough segments are being reported because those segments have $804,000 in outside sales of a total of $1,052,000 for the company as a whole
a)Not enough segments are being reported because those segments have $804,000 in outside sales of a total of $1,052,000 for the company as a whole
b) A sufficient number of segments is being reported because those segments have $804,000 in outside sales of a total of $1,052,000 for the company as a whole
c) Not enough segments are being reported because those segments have $1,078,000 in total revenues of a total of $1,379,000 for the company as a whole
d) A sufficient number of segments is being reported because those segments have $1,078,000 in total sales of a total of $1,379,000 for the company as a whole
Chambers Company has seven operating segments but only four (One, Two, Three, and Four) are of significant size to warrant separate disclosure. As a whole, the segments generated revenues of $1,052,000 ($804,000 + $248,000) from sales to outside customers. In addition, the segments had $327,000 in intersegment sales ($274,000 + $53,000). One Two Three Four Outside Sales $ 276,000 206,000 166,000 156,000 $804,000 $ 106,000 86,000 56,000 $248,000 Intersegment Sales $116,000 76,000 46,000 36,000 $274,000 $ 21,000 11,000 21,000 $ 53,000 Totals Five Six Seven Totals Which of the following statements is trueStep by Step Solution
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