Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information pertains to revenue earned by Timm Co . ' s industry segments for the year ended December 3 1 st: Segment Sales

The following information pertains to revenue earned by Timm Co.'s industry segments for the year ended December 31st:
Segment
Sales to Unaffiliated Customers
Intersegment Sales
Total Revenue
Alo
$ 5,000
$ 3,000
$ 8,000
Bix
8,000
4,000
12,000
Cee
4,000
4,000
Dill
43,000
16,000
59,000
Combined
60,000
23,000
83,000
Elimination
______
(23,000)
(23,000)
Consolidated
$ 60,000
0
$ 60,000
In conformity with the revenue test, Timm's reportable segments were?

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

Statistics For Economics Accounting And Business Studies

Authors: Michael Barrow

7th Edition

1292118709, 978-1292118703

More Books

Students also viewed these Accounting questions