Question
Interpreting Footnote Information Harley-Davidson presents the following supplemental consolidating information to its 2014 10-k (in thousands): Year Ended December 31, 2014 Motorcycles & Related Products
Interpreting Footnote Information
Harley-Davidson presents the following supplemental consolidating information to its 2014 10-k (in thousands):
| Year Ended December 31, 2014 |
| |||
|
| Motorcycles & Related Products operatings | Financial Services Operations | Eliminations | Consolidated |
| Revenue |
|
|
|
|
| Motorcycle and related products | $5,577,697 | _ | $(10,016) | $5,567,681 |
| Financial Services | _ | $662,345 | (1,518) | $ 660,827 |
| Total Revenue | $5,577,697 | $662,345 | $(11,534) | $6,228,508 |
Briefly explain the $1,518 elimination to arrive at consolidated financial services revenues of $660,827
Relating to the consolidating adjustment in part a, what corresponding adjust 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 to Expert-Tailored 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
ISE Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge Ch
11th Edition
1265083924, 9781265083922
