ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
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Question
Chapter 12, Problem 12.7.1P
To determine
Reportable segment:
The reportable segment is basically related to international accounting procedures.
The classification of segments as reportable.
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Students have asked these similar questions
WaterCo, a U.S. corporation, purchases inventory for resale from unrelated distributors outside the U.S. It resells this inventory to U.S. customers with title passing inside the United States. What is the sourcing of WaterCo's inventory sales income?
a.50% U.S. source and 50% foreign source.
b.100% foreign source.
c.50% foreign source and 50% sourced based on location of manufacturing assets.
d.100% U.S. source.
Lechon Company provided the following data for the current year:
Sales
Cost of goods sold
Expenses
Depreciation
Income tax expense
The entity has two major reportable segments, A and B. An analysis revealed that
P1,000,000 of the total depreciation expense and P2,000,000 of the expenses are related
to general corporate activities.
The remaining expenses and sales are directly allocable to segment activities according
to the following percentages:
Sales
Cost of goods sold
Expenses
Depreciation
P60,000,000
28,000,000
14,000,000
4,000,000
4,000,000
Segment A
40%
35
40
40
Segment B
45%
Others
15%
15
20
15
50
40
45
What amount should be reported as net income of Segment A?
How many reportable segments do FRUITAS have for year 2021 in accordance with IFRS 8, Operating Segments?
Chapter 12 Solutions
ADVANCED ACCOUNTING
Ch. 12 - Prob. 1UTICh. 12 - Prob. 2UTICh. 12 - Prob. 3UTICh. 12 - Prob. 4UTICh. 12 - Prob. 1.1ECh. 12 - Prob. 1.2ECh. 12 - Prob. 1.3ECh. 12 - Prob. 1.4ECh. 12 - Prob. 1.5ECh. 12 - Prob. 1.6E
Ch. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4.1ECh. 12 - Prob. 4.2ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Ratable allocation for nonordinary items. Baxter...Ch. 12 - Prob. 9.1ECh. 12 - Prob. 9.2ECh. 12 - Prob. 9.3ECh. 12 - Prob. 10ECh. 12 - Prob. 12.1PCh. 12 - Prob. 12.2PCh. 12 - Prob. 12.3PCh. 12 - Prob. 12.4PCh. 12 - Prob. 12.5PCh. 12 - Prob. 12.6PCh. 12 - Prob. 12.7.1PCh. 12 - Prob. 12.7.2PCh. 12 - Prob. 12.7.3PCh. 12 - Prob. 12.8.1PCh. 12 - Prob. 12.8.2P
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