The controller for Lafayette Inc. recently commented, If I have to disclose our segments individually, the only
Question:
The controller for Lafayette Inc. recently commented, “If I have to disclose our segments individually, the only people who will gain are our competitors and the only people that will lose are our present stockholders.” Evaluate this comment.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
One of the major reasons for not providing segment information is that competitors will then be a...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Recently some people have complained that sports team mascots offend their cultural groups. Sports names such as the Nortre Dame "Fighting Irish", the Florida "Seminoles", the Cleveland "Indians",...
-
People who have had strokes are often put on blood thinners such as aspirin or Coumadin to help prevent a second stroke. Describe the design of a controlled experiment to determine whether aspirin or...
-
Comment on the following quotation: "What I think is our best determination is it will be a colder than normal winter'' said Pamela Naber Knox, a Wisconsin state climatologist. "I'm basing that on a...
-
Evaluate the limit of the sequence or state that it does not exist. an || u8 n!
-
Vulcan Molding has three production departments: A, B, and C. At the start of the year, the company estimated that it would incur $3,080,000 of direct labor cost and $10,000,000 of manufacturing...
-
Use the following industry- average ratios to construct a pro forma balance sheet for Phoebes Cat Foods Inc. Total asset turnover 1.5 times Average collection periocd (assume 365-day year) Fixed...
-
The ABC Company has collected the following data concerning performance in its manufacturing plant: Required a. Prepare a traditional performance report (comparing actual to budget). Which processes...
-
Provide an example of an organism within each of the four main nutritional categories of microbes and describe how each obtains its essential nutrients.
-
Cash flows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $119,900. Depreciation recorded on store equipment for the...
-
Assume a large number of cardboard sheets with 23 inch width is available. From these 23 inch sheets, we need to cut sheets with width 6 inch and 8 inch, in only one direction. The demand for sheets...
-
What is an operating segment, and when can information about two operating segments be aggregated?
-
An article in the financial press entitled Important Information in Annual Reports This Year noted that annual reports include a managements discussion and analysis section. What would this section...
-
If you are OK sharing financial data with your financial companies, and healthcare with your doctors, what makes us not want to share this data publicly?
-
The party responsible for assumptions identified in the preparation of prospective financial statements is usually a. The clients management. b. A third-party lending institution. c. The reporting...
-
Which of the following is a prospective financial statement for general use upon which an accountant may appropriately report? a. Financial projection. b. Partial presentation. c. Financial forecast....
-
Reports are considered special reports when issued in connection with a. Compliance with aspects of regulatory requirements related to audited financial statements. b. Pro forma financial...
-
An accountant who reviews the financial statements of a nonpublic entity should issue a report stating that a review a. Is substantially less in scope than an audit. b. Provides negative assurance...
-
When an accountant compiles a nonpublic entitys financial statements that omit substantially all disclosures required by generally accepted accounting principles, the accountant should indicate in...
-
Determine the size of THHN (Cu) conductors needed to supply eight rows of fluorescent lighting fixtures with seven fixtures in each row with each fixture rated at 1.5 A. If only 20 A circuits are...
-
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
-
A poster of area 6000 cm 2 has blank margins of width 10 cm on the top and bottom and 6 cm on the sides. Find the dimensions that maximize the printed area.
-
On January 1, 2011, Pacer Ltd. paid $1,000 for the option to buy 5,000 of its common shares for $25 each. The contract stipulates that it may only be settled by exercising the option and buying the...
-
Jamieson Limited, a publicly accountable enterprise, issued century bonds that will not be due until 2104. The bonds carry interest at 5%. Explain how this instrument should be presented on the...
-
Silky Limited, a private company that complies with accounting standards for private enterprises (ASPE), has redeemable preferred shares outstanding that carry a dividend of 5%. If the shares are not...
-
Discuss a test of change that you've been a part of using the PDSA model. Discuss each of the 4 steps
-
Safe Dog Company makes dog crates. The budgeted selling price is $30 per crate, the variable rate is $5 per crate and budgeted fixed costs are $20,000 per month. What is the budgeted operating income...
-
the NOL deduction was limited to what percentage of taxable income under the House bill? the NOL deduction was limited to what percentage of taxable income under the Senate bill
Study smarter with the SolutionInn App