Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do Req B!!!!!! i dont understand and show all work! c. Determine the amount of sales to an outside customer that would cause that

please do Req B!!!!!! i dont understand and show all work! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
c. Determine the amount of sales to an outside customer that would cause that customer to be classified as a major customer und the criteria of ASC 280 Answer is not complete. Complete this question by entering your answers in the tabs below. Assurne that each division operates in an individual geographic area, Division A is in the domestic area, and each of the other divisions operates in a separate foreign country. Assume that one-half of the assets in each geographic area represents long: lived, productive assets as defined in ASC 280. Prepare schedules showing which geographic areas are reportable using a 10 percent materiality threshold. c. Determine the amount of sales to an outside customer that would cause that customer to be classified as a major customer unde the criteria of ASC 280 Answer is not complete. Complete this question by entering your answers in the tabs below. a. The divisions are industry segments. 2. Prepare schedules showing which segments are reportable. West Corporation reported the following consolidatad riata fn- 202 Data reported for West's four operating divisions are as follows: Intersegment sales are priced at cost, and all goods have been subsequently sold to nonaffilates. Some joint production costs are allocated to the divisions based on total sales. These joint costs were $60,000 in 202. The company's corporate center had $35,000 of general corporate expenses and $135,000 of assets that the chief operating decision maker did not use in making the decision regarding the operating segments: Required: Each of the following items is unrelated to the others a. The divisions are industry segments 1. Prepare a segmental disclosure worksheet for the company 2. Prepare schedules showing which segments are reportable. b. Assume that each division operates in an individual geographic area, Division A is in the domestic area, and each of the other divisions operates in a separate foreign country Assume that one-haif of the ossets in each geographic area represents long-ived, productive assets as defined in ASC 280 . Prepare schedules showing which geographic areas are reportable using a 10 percent materiality threshold c. Determine the amount of sales to an outside customer that would cause that customer to be classified as a mojor customer undet the criterio of ASC 280 a. The divisions are industry seoments. 1. Prepare a segmental disciosure worksheet for the compariy. Note: Do not round your interpediate calculations. materiality threshoid c. Determine the amount of sales to an outside customer that would cause that customer to be classified as a major customer under the criteria of ASC 280 (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the amount of sales to an outside customer that would cause that customer to be classified as a major customer under the criteria of ASC 280

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

Wiley CPA Exam Review Auditing And Attestation 2011

Authors: Patrick R. Delaney, O. Ray Whittington

8th Edition

0470554347, 978-0470554340

More Books

Students also viewed these Accounting questions