Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets. The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

I am trying to find the accurate solution to this general accounting problem with appropriate explanations.

I need help finding the accurate solution to this general accounting problem with valid methods.

I am looking for help with this general accounting question using proper accounting standards.

Answer 2

Question

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Answer 6

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Answer 7

Chapter 12, Problem 10E

To determine

Reportable segment is basically related to international accounting procedures. In other words, it can be said that a reportable segment is a segment of exploitation which is reportable when it meets one of the following criteria: The regular income generated by the segment accounts for 10 percent or more of the business’s total income; the segment has total gains or losses for the year equal to or in excess of 10 percent of the business’s total gains or losses; or the segment's assets are equal to or greater than 10 percent of the business’s total assets.

The segments that are reportable and whether reportable segments represent a significant portion of entity consolidated revenues.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 12 - Prob. 1UTI Ch. 12 - Prob. 2UTI Ch. 12 - Prob. 3UTI Ch. 12 - Prob. 4UTI Ch. 12 - Prob. 1.1E Ch. 12 - Prob. 1.2E Ch. 12 - Prob. 1.3E Ch. 12 - Prob. 1.4E Ch. 12 - Prob. 1.5E Ch. 12 - Prob. 1.6E

Solution Summary: The author explains that reportable segments are related to international accounting procedures. They represent a significant portion of entity consolidated revenues.

Concept explainers

Want to see the full answer?

Chapter 12 Solutions