ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
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Chapter 12, Problem 12.8.2P
To determine
Consolidate:
It means a statement which comprises each and every statement of company and its subsidiary.
To calculate: A schedule that reconciles the amounts.
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Rainee Corporation's revenue for the current year were as follows:
Consolidated revenue per income
P1,200,000
statement
Intersegment sales
180,000
Intersegment transfers
60,000
Combined revenues of all operating
P1,440,000
segments
Rainee has a reportable segment if that operating segment's revenues is at least
A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the
Select one:
total combined revenues of all segments reporting profits.
combined net income of all segments reporting profits.
total export and foreign sales.
total revenues of all the enterprise's operating segments.
Davis Corporation reported the following financial data for one of its divisions for the year; average assets of $540,000; sales of $1,069,200; and income of $241,100. The investment turnover is:
Multiple Choice
22.3.
50.5.
1.98.
447.6.
11.3.
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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