Timmy Company provided the following information pertaining to revenue earned by operating segments for the current year: Segment Sales to unaffiliated Intersegment sales Total revenue customers Alo Bix P 5,000 8,000 4,000 P3,000 4,000 P 8,000 12,000 4,000 Cee Dil 43,000 59,000 In conformity with the revenue test, what is the total revenue of the reportable segments? 16,000

Timmy Company provided the following information pertaining to revenue earned by operating segments for the current year: Segment Sales to unaffiliated Intersegment sales Total revenue customers Alo Bix P 5,000 8,000 4,000 P3,000 4,000 P 8,000 12,000 4,000 Cee Dil 43,000 59,000 In conformity with the revenue test, what is the total revenue of the reportable segments? 16,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activities
It is the net after tax ratio with sales revenues? Return of Equity Return of Sales Return of expenditures All of the above
What are Revenue Recognition and Matching Principles?
4. The weights in the WACC are based on A. Market Values B. Book Values C. Issue Values D. Redemption Values
A-1
What numbers are used to calculate revenue?
Calculate the EBIT which should be used for the EV / EBIT multiple given the information below: Net revenues Cost of sales Gross Profit Selling, general and administrative expenses Amortization expense Restructuring costs Acquisition-related costs Asset impairment charges Gain on sales of assets Operating income Interest expense, net Loss on early extinguishment of debt Other expense, net Income (loss) before taxes (Benefit) provision for income taxes Net income (loss) Select one: 1,394,8 1,444.4 1,474.3 S 1,419.6 5,248.1 1,746.0 3,502.1 2,027.8 During fiscal 2050, the company sold assets relating to the Cutey brand for a total disposal price of $29.2. The Company allocated $4.2 of goodwill to the brand as part of the sale. The Company recorded a gain of $24.8 which has been reflected in Gain on sales of assets in the Consolidated Statement of Operations for the fiscal year ended June 30, 2050. 79.5 86.9 174.0 5.5 (24.8) 1,153.2 81.9 3.1 30.4 1,037.8 (40.4) 1,078.2
What is meant by the following terms? You should provide an example of each to support youranswer. (i) A Prepayment(ii) An Accrual(iii) Capital Expenditure(iv) Revenue Income.(v) Duality concept
Q25 Which of the following is not a source of valuation related information? a. Reports on utilization of resources b. Stock market statistics c. Board discussion papers d. Relevant economic data
item#2
When must multiple performance obligations in a revenuearrangement be accounted for separately?
6. Net Benefit Expense for 20x6 7. Net Benefit Expense for 20x7 8. The Gain/(Loss) attributable to the FVPA for 20x8. 9. The Gain/(Loss) attributable to the Defined Benefit Obligation for 20x9. 10. The Debit/(Credit) to Other Comprehensive Income for 20x9.