ADVANCED FINANCIAL ACCOUNTING IA
12th Edition
ISBN: 9781260545081
Author: Christensen
Publisher: MCG
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Chapter 13, Problem 13.11E
a
To determine
Introduction: The estimated annual tax rate is anticipated tax credits, which includes all state income taxes, foreign income
Separately reportable operating segments under the revenue test for segment reporting.
b
To determine
Introduction: The estimated annual tax rate is anticipated tax credits, which includes all state income taxes, foreign income taxes,
The separately reportable segment from foreign countries operations using revenue test
c
To determine
Introduction: The estimated annual tax rate is anticipated tax credits, which includes all state income taxes, foreign income taxes, capital gains taxes, and other planned taxes that are expected for the full fiscal year.
The schedule for disclosing the company’s revenue by industrial segment
d
To determine
Introduction: The estimated annual tax rate is anticipated tax credits, which includes all state income taxes, foreign income taxes, capital gains taxes, and other planned taxes that are expected for the full fiscal year.
The schedule for disclosing company’s revenue by geographical area for 20X2
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Presented below is an excerpt from the financial statements of H. J. Heinz Company.
Segment and Geographic Data
The company is engaged principally in one line of business—processed food products—which represents over 90% of consolidated sales. Information about the business of the companyby geographic area is presented in the table below.
There were no material amounts of sales or transfers between geographic areas or betweenaffiliates, and no material amounts of United States export sales.
Foreign
(in thousands ofU.S. dollars)
Domestic
UnitedKingdom
Canada
WesternEurope
Other
Total
Worldwide
Sales
$2,381,054
$547,527
$216,726
$383,784
$209,354
$1,357,391
$3,738,445
Operating income
246,780
61,282
34,146
29,146
25,111
149,685
396,465
Identifiable assets
1,362,152
265,218
112,620
294,732
143,971
816,541
2,178,693
Capital expenditures
72,712
12,262
13,790
8,253
4,368
38,673
111,385
Depreciation expense
42,279
8,364
3,592
6,355
3,606
21,917
64,196…
Multinational performance measurement, ROI, RI. The Seaside Corporation manufactures similar products in the United States and Norway. The U.S. and Norwegian operations are organized as decentralized divisions. The followinginformation is available for 2017; ROI is calculated as operating income divided by total assets:
McDonald’s conducts operations worldwide and is managed in three primary geographic segments: U.S., International Lead Markets (including Australia, Canada, France, Germany, and the UK), and High Growth Markets (including China, Italy, Korea, Poland, Russia, Spain, Switzerland, and the Netherlands). A hybrid geographic/corporate segment, Foundational Markets & Corporate, reports on the results of all other countries as well as any unallocated amounts. McDonald’s allocates resources to, and evaluates the performance of, its segments based on operating income. The asset totals disclosed by geography are directly managed by those regions and include accounts receivable, inventory, certain fixed assets, and certain other assets. Corporate assets primarily include cash and cash equivalents, investments, deferred tax assets, and other assets. Refer to the following geographic segment data (in millions) from the 2017 annual report of McDonald’s Corp.:
Chapter 13 Solutions
ADVANCED FINANCIAL ACCOUNTING IA
Ch. 13 - Prob. 13.1QCh. 13 - Prob. 13.2QCh. 13 - What are the three 10 percent significance tests...Ch. 13 - Prob. 13.4QCh. 13 - A company has 10 industry segments, of which the...Ch. 13 - Prob. 13.6QCh. 13 - Prob. 13.7QCh. 13 - Prob. 13.8QCh. 13 - Prob. 13.9QCh. 13 - Prob. 13.10Q
Ch. 13 - Prob. 13.11QCh. 13 - Prob. 13.12QCh. 13 - Prob. 13.13QCh. 13 - Prob. 13.14QCh. 13 - Maness Company made a change in accounting for its...Ch. 13 - Prob. 13.1CCh. 13 - Prob. 13.2CCh. 13 - Prob. 13.3CCh. 13 - Prob. 13.7CCh. 13 - Prob. 13.8CCh. 13 - Prob. 13.9CCh. 13 - Reportable Segments Data for the seven operating...Ch. 13 - Prob. 13.2.1ECh. 13 - Prob. 13.2.2ECh. 13 - Prob. 13.2.3ECh. 13 - Prob. 13.2.4ECh. 13 - Prob. 13.2.5ECh. 13 - Prob. 13.2.6ECh. 13 - Prob. 13.2.7ECh. 13 - Prob. 13.2.8ECh. 13 - Prob. 13.2.9ECh. 13 - Prob. 13.2.10ECh. 13 - Prob. 13.2.11ECh. 13 - Prob. 13.3.1ECh. 13 - Prob. 13.3.2ECh. 13 - Multiple-Choice Questions on Interim Reporting...Ch. 13 - Prob. 13.3.4ECh. 13 - Prob. 13.3.5ECh. 13 - Prob. 13.3.6ECh. 13 - Prob. 13.3.7ECh. 13 - Prob. 13.3.8ECh. 13 - Prob. 13.3.9ECh. 13 - Prob. 13.3.10ECh. 13 - LIFO Liquidation During July, Laesch Company,...Ch. 13 - Inventory Write-Down and Recovery Cub Company, a...Ch. 13 - MutiniedChoice Questions on Income Taxes at...Ch. 13 - Prob. 13.6.2ECh. 13 - Prob. 13.6.3ECh. 13 - MutiniedChoice Questions on Income Taxes at...Ch. 13 - Prob. 13.6.5ECh. 13 - Prob. 13.6.6ECh. 13 - Prob. 13.7ECh. 13 - Prob. 13.8ECh. 13 - Prob. 13.9ECh. 13 - Prob. 13.10ECh. 13 - Prob. 13.11ECh. 13 - Prob. 13.12ECh. 13 - Prob. 13.13PCh. 13 - Prob. 13.14PCh. 13 - Interim Income Statement Chris Inc. has...Ch. 13 - Prob. 13.17PCh. 13 - Prob. 13.20PCh. 13 - Matching Terms Match the items in the left-hand...
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