Prepare a schedule that reflects required disclosures

Assignment Help Accounting Basics
Reference no: EM132031230

Problem - The Azle Company is made up of five operating segments. Information concerning these segments for 2014 is shown below:

 

A

B

C

D

E

Sales-external customers

$38,000

$32,000

$48,000

$30,000

$220,000

Integrated Sales

 

 

 

 

34,000

Operating Profit/Loss

13,600

(3,600)

18,200

7,800

78,000

Segment Assets

51,000

50,000

120,000

40,000

250,000

The company has general corporate expenses of $32,000 not included in the segment operating profits. Corporate assets not included in the above totals were $50,000.

Required:

a) Determine which operating segments must be disclosed. Show Work for tests and resulting segments.

b) Based on the provisions of current GAAP. Prepare a schedule that reflects required disclosures about operating segments from the above information for the company.

Reference no: EM132031230

Questions Cloud

Find present value of the given payments : Payments of 100 are made at the end of each year for the next 20 years Using a nominal discount rate of 12% compounded semi-annually, find present value.
Golf has decided to sell new line of golf clubs : McGilla Golf has decided to sell a new line of golf clubs. The tax rate is 40 percent, and the cost of capital is 8 percent. What is the IRR?
How much more in total payments will simon make : How much more in total payments will Simon make under the $20-a-month plan than under the $60-a-month plan. Do not round intermediate calculations.
Using capm and the gordon constant growth model : Calculate Snuggli’s required rate of return, using CAPM. Calculate Snuggli’s value, using CAPM and the Gordon constant growth model.
Prepare a schedule that reflects required disclosures : Based on the provisions of current GAAP. Prepare a schedule that reflects required disclosures about operating segments from the above information for company
What is total of pelamed net income plus interest payments : Pelamed Pharmaceuticals had EBIT of $429 million in 2010. In? addition, Pelamed had interest expenses of$115 million and a corporate tax rate of 30%.
Find the amount of money in the account after 9 years : You deposit ?$4000 into a savings account at a bank that has a rate of 4?% compounded monthly. Find the amount of money in the account after 9 years.
About the retirement consumption stream : What will be your after-tax 20-year retirement consumption stream if you choose to save in a traditional IRA?
Find the pearson cost of common equity : Pearson Motors has a target capital structure of 35% debt and 65% common equity, with no preferred stock. The yield to maturity on the company's outstanding.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate sivuyile weighted average cost of capital

PJU401T PROJECT ACCOUNTING ASSIGNMENT - Sivuyile Construction is financed by R100 million long-term debt, Calculate Sivuyile weighted average cost of capital

  The illinois corp which maintains a periodic inventory

the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but

  It signed a two-year lease for office space for the period

some transactions are reported differently in funds versus government-wide statements but other are not.the state

  Merchandise purchase budget

Merchandise purchase budget, One-half of a month's inventory purchases is paid for in the month of purchase

  Dawling computer systems is considering a project that has

dawling computer systems is considering a project that has the following cash flow data. what is the projects irr? note

  Corporation stock equally distributed problem

Nicole, an accountant, agrees to contribute her services (worth $25,000) in organizing Indigo. The corporation's stock is distributed equally to Kevin and Nicole. As a result of these transfers:

  Study table 19-5 p 647 containing balance-related audit

a study table 19-5 p. 647 containing balance-related audit objectives and tests of details of balances for accounts

  Why is preferred stock less risky

Why is Preferred Stock less risky? I would think that since they take precedence over the Common Stock holders that they would hold the same or more risk?

  Manufactures airplanes for use in stunt shows

Maverick Wings, Inc. manufactures airplanes for use in stunt shows. Maverick's factory is highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has dif..

  Explain how real interest rates could be very high

During the Great Depression of the 1930s, nominal interest rates were close to zero.- Explain how real interest rates could be very high even though nominal interest rates were very low.

  Assume that bookman allocated 11250 administrative costs to

bookman company has three operating departments department a department b and department c. administrative costs are

  Write a paper on not for profits financial statements

Analyze the organization's statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd