Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

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Answer 1

Question

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

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Cool Comfort currently sells 360 Class A spas, 520 Class C spas, and 230 deluxe model spas each year. The firm is considering adding a mid-class spa and expects that, if it does, it can sell 375 of them. However, if the new spa is added, Class A sales are expected to decline to 255 units while Class C sales are expected to decline to 240. The sales of the deluxe model will not be affected. Class A spas sell for an average of $13,500 each. Class C spas are priced at $7,200 and the deluxe model sells for $19,000 each. The new mid-range spa will sell for $11,000. What is the value of erosion? General Accounting

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Answer? ? General accounting question

Answer 2

Question

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

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Answer 3

Question

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

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Answer 4

Question

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

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Answer 5

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

Answer 6

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

Answer 7

Chapter 8, Problem 5DYS

a.

To determine

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

Answer 8

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

Answer 9

b.

To determine

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 8 - Prob. 1Q Ch. 8 - Prob. 2Q Ch. 8 - Prob. 3Q Ch. 8 - The management approach requires a firm to define...Ch. 8 - What is an operating segment?Ch. 8 - Prob. 6Q Ch. 8 - Prob. 7Q Ch. 8 - Prob. 8Q Ch. 8 - Prob. 9Q Ch. 8 - Prob. 10Q

Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

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Prepare a report for CHIC’s management evaluating whether the operating segments disclosures prepared by CHIC’s accountants comply with ASC 280.

Prepare a revised operating segments note to comply with ASC 280. CHIC does not have any unusual or extraordinary items, significant noncash items other than depreciation and amortization, or equity method affiliates.

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