Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Aording to Harley-Davidson's December 31, 2017 SEC Form 10-K, Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor
Aording to Harley-Davidson's December 31, 2017 SEC Form 10-K, "Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company has two reportable seg- ments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services seg- ment." Harley-Davidson presents the following supplemental consolidating information to its 2017 10-K (in thousands): Year Ended December 31, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Revenue Motorcycle and related products. Financial services $4.925,003 $ 734,008 $734,008 $ (9,976) (1,811) $(11.787) $4,915,027 732,197 $5,647.224 Total revenue. $4,925,003 a. Briefly explain the $1,811 thousand elimination to arrive at consolidated financial services revenues of $732,197 thousand, b. Relating to the consolidating adjustment in Part a, what corresponding adjustment might we expect to see on the consolidating balance sheet
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started