What quantitative materiality test is applied to determine whether a segment is significant enough to warrant separate

Question:

What quantitative materiality test is applied to determine whether a segment is significant enough to warrant separate disclosure?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

See More Books

Question Posted: Feb 18, 2011 12:44 AM

See More Questions

What criterion is used to determine whether a parentsubsidiary relationship exists? Are U.S. GAAP and IFRS the same or different? Explain.
What are the two tests used to determine whether a group of corporations is a brother-sister group?
What standards can you use to determine whether a political action is ethical?
Determine which sets of vectors are orthogonal. 3 -2 1 3 -1 3 -3 4 3 8 7 0
Terra Cotta Designs manufactures custom tiles. The following information relates to the fiscal year ending December 31, 2017: Beginning balance in Raw Material Inventory ....................... $...
Determine the median and the first and third quartiles in the following data. 6.02 7.30 11.86 7.99 12.71 5.24 6.67 10.39 7.59 12.22 8.03 13.07 8.35 13.59 8.81 13.89 9.45 15.42 10.37 9.61
Make a recommendation to Mr. Henderson, Dr. Warren, and Dr. Jones for how to deal with the ED problem.
A steel product is manufactured by starting with raw material ( carbon steel wire) and then processing it sequentially through five operations using machines A to E, respectively ( see table below)....
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 2017 20Y6 20Y5 2014 Net income $1,299,800 $1,120,500 $941,600 $804,800 $682,000...
Ogonquit Enterprises prepares annual financial statements and adjusts its accounts only at the end of the year. The following information is available for the year ended December 31, 2010: a....
What are diversified companies? What accounting problems are related to diversified companies?
Identify the segment information that is required to be disclosed by GAAP.
Hot water at an average temperature of 80C and an average velocity of 1.5 m/s is flowing through a 25-m section of a pipe that has an outer diameter of 5 cm. The pipe extends 2 m in the ambient air...
How would you explain the following code in plain English? boxplot(age ~ gender, data = donors) Question 8 options: Make a boxplot comparing gender grouped by age, using the donors dataset Make two...
Vision Consulting Inc. began operations on January 1, 2019. Its adjusted trial balance at December 31, 2020 and 2021 is shown below. Other information regarding Vision Consulting Inc. and its...
A Jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per unit and cost $182.70 per unit In variable costs to make. Fixed costs total $68,500. (Round your answers to 2...
NAME: Week Two Define Claim in your own words Explain the difference between a discussion and an argument. Summarize the characteristics of a claim (Listing is not summarizing) Define Status Quo in...
1.How do you think major stores such as Walmart will change in the future under this new retail renaissance? 2.What are some changes that you would suggest in traditional retail stores to attract...
What could the hotel owners do in the future to help avoid a similar situation with a guest?
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
In his work Nova stereometria doliorum vinariorum (New Solid Geometry of a Wine Barrel), published in 1615, astronomer Johannes Kepler stated and solved the following problem: Find the dimensions of...
Derrick plc issues 4,000 restricted shares to its CFO, Dane Yaping, on January 1, 2022. The shares have a fair value of 120,000 on this date. The service period related to these restricted shares is...
Bedard Ltd. reported net income of 300,000 in 2022 and had 200,000 ordinary shares outstanding throughout the year. Also outstanding all year were 45,000 options to purchase ordinary shares at 10 per...
On January 1, 2021, Tsang Ltd. granted 10,000 options to key executives. Each option allows the executive to purchase one share of Tsangs HK$5 par value ordinary shares at a price of HK$20 per share....
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...

What quantitative materiality test is applied to determine whether a segment is significant enough to warrant separate

Question:

Step by Step Answer:

After the company decides on the segments for possible disclosure a quantitative test is made to det...View the full answer

Intermediate Accounting

Students also viewed these Accounting questions