Baghdad Company consists of four operational sectors and the following data pertain to the mentioned sectors for the fiscal year 2020: (amounts in thousands of dinars) The details Total Sector D) 15000 1200 7200 3000 2520 (60) 30000 2400 12000 2100 Sector Sector (C) 1500 300 240 Sector (B) (A) 8700 3600 2400 1500 1500 840 2400 18000 7200 1500 5700 2700 Sales to external customers Transfers between sectors operating profit (loss) Identifiable assets Working hours Before allocating common costs between sectors The joint costs amounted to 2,400 thousand dinars achieved during the year 2020, and the management believes that the total number of working hours is a reasonable basis for distributing them among the required sectors: Required: 1/Determine the sectors to be reported by applying all preliminary tests (10%) 2/Determine if the sectors shown by the required results in the above represent sectors with significant operational results in relation to the company's total operating results by applying the final test (75%)

Baghdad Company consists of four operational sectors and the following data pertain to the mentioned sectors for the fiscal year 2020: (amounts in thousands of dinars) The details Total Sector D) 15000 1200 7200 3000 2520 (60) 30000 2400 12000 2100 Sector Sector (C) 1500 300 240 Sector (B) (A) 8700 3600 2400 1500 1500 840 2400 18000 7200 1500 5700 2700 Sales to external customers Transfers between sectors operating profit (loss) Identifiable assets Working hours Before allocating common costs between sectors The joint costs amounted to 2,400 thousand dinars achieved during the year 2020, and the management believes that the total number of working hours is a reasonable basis for distributing them among the required sectors: Required: 1/Determine the sectors to be reported by applying all preliminary tests (10%) 2/Determine if the sectors shown by the required results in the above represent sectors with significant operational results in relation to the company's total operating results by applying the final test (75%)

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 27E

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