Advanced Accounting
12th Edition
ISBN: 9781305084858
Author: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Publisher: Cengage Learning
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Question
Chapter 12, Problem 12.8.2P
To determine
Consolidate:
It means a statement which comprises each and every statement of company and its subsidiary.
To calculate: A schedule that reconciles the amounts.
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Bryant Inc. has five segments and is determining which segments need to be reported separately. One measure of determining reportable segments includes when the revenues of the segment exceed 10 percent of the
Question 17 options:
a)
total revenues ($200,000) of all enterprise's operating segments.
b)
combined net income of all segments reporting profits (amounting to $95,900).
c)
total export and foreign sales (amounting to $75,000).
d)
total combined revenues (amounting to $150,000) for all segments reporting profits.
A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the
Select one:
total combined revenues of all segments reporting profits.
combined net income of all segments reporting profits.
total export and foreign sales.
total revenues of all the enterprise's operating segments.
An entity and its divisions reported the following for the current year:
Sales to unaffiliated customers
40,000,000
Intersegment sales of product similar to those sold to unaffiliated customers
12,000,000
Interest earned on loans to other operating segments
1,000,000
The entity and all of its divisions are engaged solely in manufacturing operations.
To qualify as reportable segment, the segment revenue should at least be what amount?
A. 5,300,000
B. 4,100,000
C. 5,200,000
D. 4,000,000
Chapter 12 Solutions
Advanced Accounting
Ch. 12 - Prob. 1UTICh. 12 - Prob. 2UTICh. 12 - Prob. 3UTICh. 12 - Prob. 4UTICh. 12 - Prob. 1.1ECh. 12 - Prob. 1.2ECh. 12 - Prob. 1.3ECh. 12 - Prob. 1.4ECh. 12 - Prob. 1.5ECh. 12 - Prob. 1.6E
Ch. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4.1ECh. 12 - Prob. 4.2ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Ratable allocation for nonordinary items. Baxter...Ch. 12 - Prob. 9.1ECh. 12 - Prob. 9.2ECh. 12 - Prob. 9.3ECh. 12 - Prob. 10ECh. 12 - Prob. 12.1PCh. 12 - Prob. 12.2PCh. 12 - Prob. 12.3PCh. 12 - Prob. 12.4PCh. 12 - Prob. 12.5PCh. 12 - Prob. 12.6PCh. 12 - Prob. 12.7.1PCh. 12 - Prob. 12.7.2PCh. 12 - Prob. 12.7.3PCh. 12 - Prob. 12.8.1PCh. 12 - Prob. 12.8.2P
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