The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance. The foreign operations must be reported separately or not

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Answer 1

Question

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

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Students have asked these similar questions

A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. LDC Sales (units) 110,000 19,950 Labor (hours) 20,100 15,100 Raw materials (currency) $ 19,980 FC* 20,100 Capital equipment (hours) 60,300 5,100 *Foreign Currency unit a. Calculate partial labor and capital productivity figures for the parent and subsidiary. (Round your answers to 2 decimal places.) b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.) c. Calculate raw material productivity figures (units/$ where $1 = FC 10). (Round your answers to 2 decimal places.)

Given the following balance sheet of a US based MNC’s fully operational subsidiary, who operates in Japan and whose functional currency is the Japanese Yen, determine the amount of the translation exposure in dollars if the Yen depreciates by 10% from ¥110/$ to ~¥122/$ by applying the current rate method. Balance Sheet of Subsidiary in ¥ Assets Liabilities + Equity Cash ¥145,000 Accounts Payable ¥246,000 A/R ¥104,000 Short Term Debt ¥128,000 Inventory ¥275,000 Long term debt ¥329,000 PPE ¥895,000 Common Stock ¥534,000 Retained Earnings ¥182,000 Total ¥1,419,000 ¥1,419,000

7

Answer 2

Question

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

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Answer 3

Question

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

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Answer 4

Question

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

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Answer 5

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

Answer 6

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

Answer 7

Chapter 13, Problem 13.20P

a

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not

Answer 8

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

Answer 9

b

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The foreign operations must be reported separately or not using materiality threshold

Answer 10

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

Answer 11

c

To determine

Introduction: The reportable segment is the course of action used to decide which of the operating segments are separately reportable, a separately reportable segment requires separate supplemental disclosures, based on management’s arrangement of these operating segments for the purpose of internal evaluation of the entity’s financial position and operating performance.

The information about the company’s domestic and foreign operations as required by ASC280

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 13 - Prob. 13.1Q Ch. 13 - Prob. 13.2Q Ch. 13 - What are the three 10 percent significance tests...Ch. 13 - Prob. 13.4Q Ch. 13 - A company has 10 industry segments, of which the...Ch. 13 - Prob. 13.6Q Ch. 13 - Prob. 13.7Q Ch. 13 - Prob. 13.8Q Ch. 13 - Prob. 13.9Q Ch. 13 - Prob. 13.10Q

Solution Summary: The author explains the reportable segment, which determines which of the operating segments are separate and whether the foreign operations should be reported separately.

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Chapter 13 Solutions