Question
The financial statements of Coca-Cola Company for the current year were prepared. The following are Coca-Cola's segments in it's consolidated statements. Company TotalBottlingDistributionR&DProductsFinanceSales to outside
The financial statements of Coca-Cola Company for the current year were prepared. The following are Coca-Cola's segments in it's consolidated statements.
Company
TotalBottlingDistributionR&DProductsFinanceSales to outside parties$1,677$169$736$437$335$0Intersegment sales51938275531530Interest incomeexternal1267500051Interest incomeintersegment loans1610000161Assets3,6432411,4482833611,310Operating expenses1,53912985330620447Expensesintersegment sales254846545600Interest expenseexternal1210000121Interest expenseintersegment loans203358552310Income tax expense (savings)9747(27)5466(43)General corporate expenses90Unallocated operating costs115
Determine the reportable segments by performing each applicable test. (Figures are in thousands.)
- Revenue test:
- Profit or loss test:
- Asset test:
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
