Prepare the necessary disclosures required by gaap

Assignment Help Financial Accounting
Reference no: EM132856284

Problem - This is a table ABCDE is the header. There is no missing information

 

A

B

C

D

E

Sales revenue

$39,800

$75,700

$583,300

$34,800

$54,300

Cost of goods sold

19,100

49,500

265,200

19,100

30,100

Operating expenses

10,100

39,400

233,800

11,900

18,400

Total expenses

29,200

88,900

499,000

31,000

48,500

Operating profit (loss)

$10,600

$(13,200)

$84,300

$3,800

$5,800

Identifiable assets

$34,300

$79,900

$499,400

$64,300

$49,500

Sales of segments B and C included intersegment sales of $20,200 and $99,500, respectively.

Required -

(a) Determine which of the segments are reportable based on the:

(1) Revenue test.

(2) Operating profit (loss) test.

(3) Identifiable assets test.

(b) Prepare the necessary disclosures required by GAAP.

Reference no: EM132856284

Questions Cloud

What is the probability of actually having lung cancer : What is the probability of actually having lung cancer if an adult tests positive for lung cancer?
Why was model used by amazon for hiring : How do humans remain vigilant when we turn over authority to computers? Have you tried to navigate without gps? Why did Skynet declare war on the human race?
Malware Analysis - download and analyse the bots : Investigation should be done by carrying out literature review of research papers, industry reports and any other resources you may find related to that botnet
What is the probability high school diploma : What is the probability that more than 3 of them have a high school diploma? (That is, what is P(X>3) (round to 4 decimal places)
Prepare the necessary disclosures required by gaap : Sales of segments B and C included intersegment sales of $20,200 and $99,500, respectively. Prepare the necessary disclosures required by GAAP
How useful are crowd sources answers : What are some drawbacks to crowd sourced answers? How reliant are we and how reliant should we be on getting our news from social media?
Why is wikipedia more reliable than a paper encyclopedia : Describe Digital Literacy (how to know what is real on the web). Why is Wikipedia more reliable than a paper encyclopedia? What does this mean to you?
What is the big five personality model : Discuss Howell and Mendez's three perspectives on followership. Note how these behaviors influence work productivity. What is the big five personality model?
What does the business do and what industry are in : What type of documents do they collect or create, and are they currently paper or electronic? What does the business do and what industry are they in?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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