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please complete required A,B & C Chapter 8 Assignment 6 Saved Taft Corporation operates primarily in the United States. However, a few years ago, it
please complete required A,B & C
Chapter 8 Assignment 6 Saved Taft Corporation operates primarily in the United States. However, a few years ago, it opened a plant in Spain to produce merchandise to sell there. This foreign operation has been so successful that during the past 24 months the company started a manufacturing plant in Italy and another in Greece. Financial information for each of these facilities follows Spain Italy 10 poi Sales Intersegment transfers Operating expenses Interest expense Income taxes Long-lived assetS Greece $215,000 $640,000 $490, 000 0 100,800 100,000 212,000 246,000 230,000 35,000 50,000 000 nts 32,000 83,000 45,000 35,000 eBook 131,000 190,000 140, The company's domestic (U.S.) operations reported the following information for the current year: Sales to unaffiliated customers Intersegment transfers Operating expenses Interest expense Income taxes Long-lived assets $4,660,000 507,000 2,490,000 176,000 899,000 2,280,000 Taft has adopted the following criteria for determining the materiality of an individual foreign country: a. Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. b. Calculate long-lived assets within a country and as a percentage of the long-lived assets. c. Apply Taft's materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately Complete this question by entering your answers in the tabs below Required Required Required Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. (Round your percentage answers to 2 decimal places.) Revenues Percenta United States Spain Italy Greece Total 0.00 % Required A Required BStep by Step Solution
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