RUSTIC RURAL Co. has the following information on its operating segments.ExternalInter-segmentTotalSegmentsrevenues4,800,000revenues2,400,000revenues7,200,000Profit2,800,000Assets48,000,000A1,600,000400,0002,000,0001,600,00028,000,0001,000,0001,000,000400,0004,000,000800,000800,000320,0003,200,000600,000600,000280,0002,800,000E400,000400,000200,0002,000,000F9,200,0002,800,00012,000,0005,600,00088,000,000Totals21. RUSTIC Co. shall provide disclosure for major customers if revenues from transactions withsingle external customer amount to how much?a. 920,000b. 280,000c. 1,200,000d. 560,000

Segment reporting refers to providing the financial information of a particular division,…

RUSTIC RURAL Co. has the following information on its operating segments. External Inter-segment Total Profit 2,800,000 Segments revenues 4,800,000 revenues 2,400,000 revenues 7,200,000 Assets 48,000,000 A 1,600,000 400,000 2,000,000 1,600,000 28,000,000 1,000,000 1,000,000 400,000 4,000,000 800,000 800,000 320,000 3,200,000 D 600,000 600,000 280,000 2,800,000 E 400,000 400,000 200,000 2,000,000 F 9,200,000 2,800,000 12,000,000 5,600,000 88,000,000 Totals 21. RUSTIC Co. shall provide disclosure for major customers if revenues from transactions with a single external customer amount to how much? a. 920,000 b. 280,000 c. 1,200,000 d. 560,000

RUSTIC RURAL Co. has the following information on its operating segments. External Inter-segment Total Profit 2,800,000 Segments revenues 4,800,000 revenues 2,400,000 revenues 7,200,000 Assets 48,000,000 A 1,600,000 400,000 2,000,000 1,600,000 28,000,000 1,000,000 1,000,000 400,000 4,000,000 800,000 800,000 320,000 3,200,000 D 600,000 600,000 280,000 2,800,000 E 400,000 400,000 200,000 2,000,000 F 9,200,000 2,800,000 12,000,000 5,600,000 88,000,000 Totals 21. RUSTIC Co. shall provide disclosure for major customers if revenues from transactions with a single external customer amount to how much? a. 920,000 b. 280,000 c. 1,200,000 d. 560,000

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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