Presented below are four segments that have been identified by Haley Productions: Operating Segments Total Revenue Profit (Loss) Identifiable Assets A $255,000 $30,000 $900,000 B 600,000 (55,000) 800,000 C 225,000 6,000 450,000 D 90,000 4,000 225,000 For which of the segments would information have to be disclosed in accordance with professional pronouncements? Segments A, B, C, and D Segments A, B, and C Segments A and B Segments A and D

Presented below are four segments that have been identified by Haley Productions: Operating Segments Total Revenue Profit (Loss) Identifiable Assets A $255,000 $30,000 $900,000 B 600,000 (55,000) 800,000 C 225,000 6,000 450,000 D 90,000 4,000 225,000 For which of the segments would information have to be disclosed in accordance with professional pronouncements? Segments A, B, C, and D Segments A, B, and C Segments A and B Segments A and D

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 12

Presented below are four segments that have been identified by Haley Productions:

Operating

Segments

Total Revenue

Profit (Loss)

Identifiable Assets

$255,000

$30,000

$900,000

600,000

(55,000)

800,000

225,000

6,000

450,000

90,000

4,000

225,000

For which of the segments would information have to be disclosed in accordance with professional pronouncements?

		Segments A, B, C, and D
		Segments A, B, and C
		Segments A and B
		Segments A and D

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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