Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Guide For Beginners Understanding Fiduciary Responsibilities

Authors: Oren Rohleder

1st Edition

B0B1M56DMY, 979-8829314019

More Books

Students also viewed these Accounting questions