Homework Help is Here – Start Your Trial Now!
Business
Accounting
Master Roshi Company pr- December 31, 2015: Total revenue Sales to external custome External revenue reported E

Master Roshi Company pr- December 31, 2015: Total revenue Sales to external custome External revenue reported E

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

PLEASE SOLVE ALL WITH SOLUTIONS. Will give a thumbs up if solved all with accuracy. Thank you!

Reportable Segment – 75% Threshold of All Reportable Segment 4) Master Roshi Company provided the following information pertaining to operating segments for the year ended December 31, 2015: P 80,000,000 30,000,000 Total revenue Sales to external customers included in total revenue External revenue reported by reportable operating segments must be at least what amount? A. 60,000,000 B. 37,500,000 C. 30,000,000 D. 22,500,000 Reportable Segment – Additional Reportable Segment 5) Warrior Nun has no intersegment sales and has the following operating segments with their corresponding revenue: Segment AA Revenue Percentage 30% 2,400,000 1,600,000 1,200,000 720,000 640,000 560,000 480,000 400.000 8.000.000 BB 20% 15% 9% 8% 7% 6% 5% 100% HH Assume that Segments GG and HH have similar products, similar production process, similar marking methods and are not operating under regulated environment Which of the above segments are considered reportable segments? A. Segments AA, BB, CC, DD, EE, FF, GG, HH B. Segments AA, BB, CC, GG, HH C. Segments AA, BB, CC D. Segments DD, EE, FF
Transcribed Image Text:Reportable Segment – 75% Threshold of All Reportable Segment 4) Master Roshi Company provided the following information pertaining to operating segments for the year ended December 31, 2015: P 80,000,000 30,000,000 Total revenue Sales to external customers included in total revenue External revenue reported by reportable operating segments must be at least what amount? A. 60,000,000 B. 37,500,000 C. 30,000,000 D. 22,500,000 Reportable Segment – Additional Reportable Segment 5) Warrior Nun has no intersegment sales and has the following operating segments with their corresponding revenue: Segment AA Revenue Percentage 30% 2,400,000 1,600,000 1,200,000 720,000 640,000 560,000 480,000 400.000 8.000.000 BB 20% 15% 9% 8% 7% 6% 5% 100% HH Assume that Segments GG and HH have similar products, similar production process, similar marking methods and are not operating under regulated environment Which of the above segments are considered reportable segments? A. Segments AA, BB, CC, DD, EE, FF, GG, HH B. Segments AA, BB, CC, GG, HH C. Segments AA, BB, CC D. Segments DD, EE, FF
Major Customer 6) Essence Company and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Intersegment sales 1,000,000 1,500,000 4,000,000 500,000 2,000,000 200,000 External revenue 5,000,000 3,000,000 8,000,000 1,300,000 2,800,000 900,000 Segment What is the minimum amount of revenue to be considered a major customer? A. 3,020,000 B. 2,100,000 C. 1,180,000 D. 920,000 CBCDELL
Transcribed Image Text:Major Customer 6) Essence Company and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Intersegment sales 1,000,000 1,500,000 4,000,000 500,000 2,000,000 200,000 External revenue 5,000,000 3,000,000 8,000,000 1,300,000 2,800,000 900,000 Segment What is the minimum amount of revenue to be considered a major customer? A. 3,020,000 B. 2,100,000 C. 1,180,000 D. 920,000 CBCDELL
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Analytical Techniques
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS