Educational and Productivity Solutions Control Financing Consolidated Semiconductors Devices Activities Corporate Totals Revenues: $ 8,288,000 $ 98,568,000 $61,700,000 11,411,000 $3,300,000 964,000 7,962,000 6,015,000 External $19,920,000 3,970,000 23,800,000 28,220,000 $5,360,000 Intersegment Expenses Total assets 5,467,000 28,422,000 36,320,000 24,000,000 7,020,000 23,000,000 15,434,000 6,750,000 100,305,000 66,964,000 Long-lived assets 18,230,000 5,540,000 3,760,000 United Other Total of All States Japan Germany International Countries Semiconductors: $ 3,240,000 Revenues (excluding intersegment) Long-lived assets $12,967,000 13,440,000 $1,880,000 1,200,000 $ 1,833,000 1,490,000 $19,920,000 18,230,000 2,100,000 Control devices: Revenues (excluding intersegment) Long-lived assets 31,000,000 15,020,000 16,467,000 61,700,000 4,432,300 1,419,000 9,800,700 4,011,000 3,550,000 24,000,000 Educational and productivity solutions: Revenues (excluding intersegment) Long-lived assets 3,007,000 807,000 526,000 1,020,000 5,360,000 2,900,000 1,020,000 550,000 1,070,000 5,540,000 Financing activities: Revenues (excluding intersegment) Long-lived assets 1,902,000 2,000,000 303,300 192,900 770,900 893,000 323,800 674,100 3,300,000 3,760,000 Corporate: Revenues (excluding intersegment) Long-lived assets Total revenues . 474,000 1,504,000 $8,083,200 400,000 904,000 $13,377,500 6,607,000 807,000 8,288,000 2,000,000 $36,157,300 $20,332,900 11,026,000 15,434,000 $40,950,000 $33,377,000 $98,568,000 $66,964,000 Total long-lived assets $5,566,000 $ 7,688,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A U.S. multinational corporation has divided its operations into several operating segments and has provided the following data for each segment:(attached)

It is important to note that all purchases of goods or services from other segments have been sold to outside parties except one. Control devices with a cost of $1,000,000 were sold to the Semiconductors segment for $1,700,000. These items remain in inventory at year-end.(attached)

1. Determine which segments are reportable.
2. Given the available information, prepare all of the necessary schedules and disclosures regarding the entity’s segments, geographical areas, and reconciliations to consolidated amounts.
3. Identify and determine the value of several ratios that may be helpful in analyzing the above information.

Educational and
Productivity
Solutions
Control
Financing
Consolidated
Semiconductors
Devices
Activities
Corporate
Totals
Revenues:
$ 8,288,000
$ 98,568,000
$61,700,000
11,411,000
$3,300,000
964,000
7,962,000
6,015,000
External
$19,920,000
3,970,000
23,800,000
28,220,000
$5,360,000
Intersegment
Expenses
Total assets
5,467,000
28,422,000
36,320,000
24,000,000
7,020,000
23,000,000
15,434,000
6,750,000
100,305,000
66,964,000
Long-lived assets
18,230,000
5,540,000
3,760,000

United
Other
Total of All
States
Japan
Germany
International
Countries
Semiconductors:
$ 3,240,000
Revenues (excluding intersegment)
Long-lived assets
$12,967,000
13,440,000
$1,880,000
1,200,000
$ 1,833,000
1,490,000
$19,920,000
18,230,000
2,100,000
Control devices:
Revenues (excluding intersegment)
Long-lived assets
31,000,000
15,020,000
16,467,000
61,700,000
4,432,300
1,419,000
9,800,700
4,011,000
3,550,000
24,000,000
Educational and productivity solutions:
Revenues (excluding intersegment)
Long-lived assets
3,007,000
807,000
526,000
1,020,000
5,360,000
2,900,000
1,020,000
550,000
1,070,000
5,540,000
Financing activities:
Revenues (excluding intersegment)
Long-lived assets
1,902,000
2,000,000
303,300
192,900
770,900
893,000
323,800
674,100
3,300,000
3,760,000
Corporate:
Revenues (excluding intersegment)
Long-lived assets
Total revenues .
474,000
1,504,000
$8,083,200
400,000
904,000
$13,377,500
6,607,000
807,000
8,288,000
2,000,000
$36,157,300
$20,332,900
11,026,000
15,434,000
$40,950,000
$33,377,000
$98,568,000
$66,964,000
Total long-lived assets
$5,566,000
$ 7,688,100

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