Which are segments are reportable segments? Is there a sufficient number of reportable segments disclosed? If the company is a non public entity, which segments are required to be disclosed?
Which are segments are reportable segments? Is there a sufficient number of reportable segments disclosed? If the company is a non public entity, which segments are required to be disclosed?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which are segments are reportable segments?
Is there a sufficient number of reportable segments disclosed?
If the company is a non public entity, which segments are required to be disclosed?
Transcribed Image Text:Sales to external customers
Interest income from customer
Gain on sale of capital assets
Loss on sale of capital assets
Subtotal - external revenues
Intersegment sales
Intersegment interest income
Total revenues
Payroll expenses
Selling expenses
Administration expenses
Deprepciation & amortization
Total expenses
Operating profit or loss
Current
Non current assets
Total assets
Current Liabilities
Non current liabilities
Total liabilities
Net assets
Horse
Trailers % of Total
7,500
54%
130
62%
2,000
89%
(2,500) 100%
7,130
52%
160
42%
10
17%
51%
7,300
3,400
450
800
90
4,740
2,560
1,200
900
2,100
1,100
1,100
1,000
48%
41%
43%
60%
47%
63%
78%
60%
69%
85%
0%
83%
59%
Saddles % of Total
5,000
36%
40
5,040
70
30
5,140
2,200
300
600
20
3,120
2,020
100
200
300
20
15
35
265
19%
0%
0%
36%
18%
50%
36%
31%
27%
32%
13%
31%
50%
7%
13%
10%
2%
43%
3%
16%
Bridles % of Total
1,200
9%
20
10%
250
11%
0%
11%
29%
17%
11%
1,470
110
10
1,590
1,300
300
400
30
2,030
(440)
200
300
500
150
150
350
18%
27%
22%
20%
20%
-11%
13%
20%
17%
12%
0%
11%
21%
Grooming
Gear
150
20
170
40
10
220
180
50
50
10
290
(70)
30
100
130
25
20
45
85
% of Total
1%
10%
0%
0%
1%
11%
17%
2%
3%
5%
3%
7%
3%
-2%
2%
7%
4%
2%
57%
3%
5%
Total
13,850
210
2,250
(2,500)
13,810
380
60
14,250
7,080
1,100
1,850
150
10,180
4,070
1,530
1,500
3,030
1,295
35
1,330
1,700
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