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 Greece Sales $ 213,000 $636,000 $ 485,000 Intersegment transfers 0 102,400 96,000 Operating expenses 208,000 242,000 226,000 Interest expense 28,000 41,000 31,000 Income taxes 79,000 31,000 45,000 Long-lived assets 126,000 186,000 136.000 es The company's domestic (U.S.) operations reported the following information for the current year Sales to unaffiliated customers Intersement transfers Operating expenses Interest expense Income taxes Long-lived assets $4,620,000 487.000 2, 470,000 172,000 879,000 2,260.000 Taft has adopted the following criteria for determining the materiality of an individual foreign country: (1) Sales to unaffiliated customers within a country are 10 percent or more of consolidated sales, or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets. DEL 4 of 5 IN Next > Check my work Taft has adopted the following criteria for determining the materiality of an individual foreign country (0) Sales to unfiliated customers within a country are 10 percent or more of consolidated sales, or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets. 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 A Required B Required C 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 United States Spain Italy Percentage % % % % Greece BB Helo Save & EXE Submit Check my work a. Calculate sales o unawatea Customers warun a counter se percento e consoles 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 A Required B 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 United States Spain Italy Greece Total Percentage % % % % 0.00 % $ 0 Chorus Required B >
