Which of the following is correct? Under the Assets test, the reportable segments are A, B, C O Under all three tests, the reportable segments are A, B and E Under the Revenue test, the reportable segments are A,B,D and E LUndor tbo Profitc toct the repertable cOgments are A and
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- An entity and its divisions reported the following for the year 20xl: Sales to unaffiliated customers 38,000,000 15,000,000 Intersegment sales of products similar to those sold to unaffiliated customers Interest earned on loans to other operating segments 1,600,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount?An entity and its divisions reported the following for the current year: Sales to unaffiliated customers 40,000,000 Intersegment sales of product similar to those sold to unaffiliated customers 12,000,000 Interest earned on loans to other operating segments 1,000,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount? A. 5,300,000 B. 4,100,000 C. 5,200,000 D. 4,000,000Dancel Company has the following information for its five business segments: Revenue to external Segment Intersegment revenue Segment assets customers A 20,000,000 2,000,000 25,000,000 B 5,000,000 500,000 5,000,000 C. 2,800,000 1,000,000 3,500,000 ID 1,200,000 200,000 1,500,000 E 1,000,000 250,000 1,000,000 How much is the minimum amount of external revenue that should be reported by the reportable segments? A. 22,500,000 B. 27,000.000 C. 49 500,000 D 6.600.00O
- he following information pertains to Sheffield Corp. and its divisions for the year ended December 31, 2021. Sales to unaffiliated customers $3960000 Intersegment sales of products similar to those sold to unaffiliated customers 910000 Interest earned on loans to other operating segments 60000 Sheffield and all of its divisions are engaged solely in manufacturing operations. Sheffield has a reportable segment if that segment's revenue exceeds $487000. $402000. $396000. $493000.RUSTIC RURAL Co. has the following information on its operating segments. External Inter-segment Total Segments revenues 4,800,000 revenues 2,400,000 revenues 7,200,000 Profit 2,800,000 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 3,200,000 600,000 600,000 280,000 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 single external customer amount to how much? a. 920,000 b. 280,000 c. 1,200,000 d. 560,000A U.S. multinational corporation has divided its operations into several operating segments and has provided the following data for each segment:(attached)It is important to note that all purchases of goods or services from other segments have been sold to outside parties except one. Control devices with a cost of $1,000,000 were sold to the Semiconductors segment for $1,700,000. These items remain in inventory at year-end.(attached)1. Determine which segments are reportable. 2. Given the available information, prepare all of the necessary schedules and disclosures regarding the entity’s segments, geographical areas, and reconciliations to consolidated amounts. 3. Identify and determine the value of several ratios that may be helpful in analyzing the above information.
- Three major transportation segments and a major company within each segment are as follows: Segment Company Railroads Company R, Inc. (CORI) Motor carriers Company M, Inc. (COMI) Transportation Arrangement Company T, Inc. (COTI) Company R Company M Company T Sales $5,070,961 $3,748,940 $3,487,549 Average long-term operating assets 1,370,530 720,950 591,110 a. Determine the asset turnover for all three companies. Round to one decimal place. Company R fill in the blank 1 Company M fill in the blank 2 Company T fill in the blank 3 Do not give solution in imageUsing A. Corporation information and data . a) Determine the divisional income from operations for three regions by allocating the service department expenses proportional to sales of the regions. b) determine the increase or decrease in net income if C region did not operate. A region B region C region Sales $ 2,000,000 $2,800,000 $3,200,000 Cost of goods sold $700,000 $1,100,000 $1,900,000 Selling expenses $500,000 $850,000 $1,000,000 Service department expenses Purchasing 600,000 Payroll accounting. 400,000BEAR BEAR CORP. has the following information on its operating segments. Inter- External Total Segments segment Profit Assets revenues revenues revenues A 2,400,000 1,200,000 3,600,000 1,400,000 24,000,000 800,000 200,000 1,000,000 800,000 14,000,000 500,000 500,000 200,000 2,000,000 D 400,000 400,000 160,000 1,600,000 E 300,000 300,000 140,000 1,400,000 F 200,000 200,000 100,000 1,000,000 Totals 4,600,000 1,400,000 6,000,000 2,800,000 44,000,000 BEAR BEAR shall provide disclosure for major customers if revenues from transactions with a single external customer amount to how much? A. P600,000 C. P440,000 В. P140,000 D. P460,000
- 1 ) Retail Division = ( 1125 / 2500 ) x 264000 = 118800 commercial division = ( 1375 / 2500 ) x 264000 = $ 145200 Using the data for Lee Company above along with the following data, determine the divisional income from operations for the Division and the Commercial Division:ABC Co. provided the following:Administrative expenses 400,000Cost of sales 1,800,000Distribution costs 450,000Loss – exchange differences on translating foreign operations 100,000Finance costs 300,000Gains – cash flow hedges 50,000Gains on property revaluations 250,000Loss for the year from discontinued operations 90,000Other expenses 150,000Other income 110,000Gain – remeasurement of defined operations 270,000Sales 3,200,000Share of gain on property revaluation of associates 120,000Share of profits of associates 80,000Loss – available for sale financial assets 70,0001. Ignoring taxes, the amount reported in the profit or loss section for the year ended December 31, 2020 is2. Ignoring taxes, the amount reported in the other comprehensive income section for the year endedDecember 31, 2020 isAn entity identified the following segment for the current year: Segment Revenue Profit Assets A 10,000,000 1,750,000 20,000,000 B 8,000,000 1,400,000 17,500,000 C 6,000,000 1,200,000 12,500,000 D 3,000,000 550,000 7,500,000 E 4,000,000 575,000 5,500,000 F 2,000,000 525,000 3,000,000 What are the reportable segments? a. SEGMENT A, B and C b. SEGMENT A, B, C and D c. SEGMENT A, B, C, D and E d. SEGMENT A, B, C, D, E and F