ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
Question
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Chapter 12, Problem 12.6P

1

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi location enterprise.

The possibility that in order to constitute a single operating segment, the wine and spirit distribution has been combined with the distribution of personal care products.

2.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi location enterprise.

The reason behind third quarter revenue not being traceable with third quarter revenues shown in income statement.

3.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi location enterprise.

If it is better to show more or fewer segments in financial statements.

4.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi location enterprise.

The reason behind two segments, having immaterial sales revenue compared to consolidated sales revenue being showcased as reportable segments.

5.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi locational enterprise.

The reason behind interest expense on company’s bonds payable being allocated to various segments.

6.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi locational enterprise.

Total segmental net sales exceeding the net sales of entire company.

7.

To determine

Introduction: Segmental information means information regarding different products or services provided by an organization and its operational departments in different territorial jurisdictions, which helps in assessing the risks and returns associated with the distribution of such multi locational enterprise.

Possibility to roughly calculate segment’s annual cash flow.

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