Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show calculation for question 24 & 25. 24. Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operat- ing segments for

image text in transcribed

show calculation for question 24 & 25.

24. Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operat- ing segments for the current year: Total Revenues Profit (Loss) $2,000,000 1,200,000 (1,000,000) 600,000 400,000 300,000 $3,500,000o Operating Segment Assets at 12/31 $13,000,000 9,500,000 5,500,000 3,000,000 2,000,000 2,000,000 $35,000,000 $15,000,000 11,000,000 3,000,000 7,500,000 4,500,000 2,000,000 $43,000,000 Total 24. In its segment information for the current year, how many reportable segments does Hyams have? c. Five 25. What is the minimum number of operating segments that must be separately reported? d. Segments with at least 75 percent of the revenues generated from outside parties

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_2

Step: 3

blur-text-image_3

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 ASQ Certified Food Safety And Quality Auditor

Authors: Steven Wilson

4th Edition

1951058186, 978-1951058180

More Books

Students also viewed these Accounting questions