User Account

All Pages

Prepare the necessary disclosures required by gaap

Assignment Help Accounting Basics
Reference no: EM133069668

Question - Crane Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2021.

 

A

B

C

D

E

Sales revenue

$39,900

$75,300

$573,800

$35,400

$55,100

Cost of goods sold

19,000

49,500

265,900

19,300

30,200

Operating expenses

10,100

40,500

233,700

11,900

18,300

Total expenses

29,100

90,000

499,600

31,200

48,500

Operating profit (loss)

$10,800

$(14,700)

$74,200

$4,200

$6,600

Identifiable assets

$35,200

$79,900

$493,400

$66,300

$49,900

Sales of segments B and C included intersegment sales of $20,300 and $98,400, respectively.

Required - Prepare the necessary disclosures required by GAAP.

Reference no: EM133069668

Questions Cloud

Access adequate funding from the financial institutions : The Saudi Arabia Vision 2030 stated SMEs (Small-Medium Size Enterprises) struggles to access adequate funding from the financial institutions. Offer two recomme
What is the project net present value : Its cost of capital is 10 percent. What is the project's net present value?
Investment associated with purchase of machine : What is the Initial Investment associated with the purchase of this machine?
What can be said about existence of fixed and variable cost : At two levels of activity within the relevant range average cost are $192 and $ 188 respectively. What can be said about existence of fixed and variable cost
Prepare the necessary disclosures required by gaap : Sales of segments B and C included intersegment sales of $20,300 and $98,400, respectively. Prepare the necessary disclosures required by GAAP
Explain the thoughts on value drivers : Peloton's business model is based on two main components, Connected Fitness Products (CFPs): Peloton Bike and Tread and subscriptions/users on their digital app
Difference between the 1-year interest rate expected : Assume that the current interest rate on a 1-year bond is 8 percent, the current rate on a 2-year bond is 14.1 percent, and the current rate on a 3-year bond is
Calculate the npv of the project-amazing manufacturing : Amazing Manufacturing, Inc., has been considering the purchase of a new manufacturing facility for $510,000. The facility is to be fully depreciated on a straig
Key risks associated with investing in stocks : What are the key risks associated with investing in stocks, please explain?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare necessary journal entries at the balance sheet date

A U.S firm carried a receivable for $400,000 yen. Assuming that the direct exchange rate declined from $.009 at the date of the transaction to $.006.

  Prepare fully classified cash flow statement for year ended

The management of Trucks Ltd, a transport business. Prepare a fully classified cash flow statement for the year ended 30th June 2016 for Trucks Ltd.

  Explain the federal income tax consequences to the sellers

Explain the federal income tax consequences to the sellers and the buyers in regard to the 2017 property tax on the home

  Calculate what his monthly payments would be

The loan amount is $462,000 and the new mortgage agreement will start on Oct 1, 2020. Calculate what his monthly payments would be

  How did donahue arrive at that final number

How did Donahue arrive at that final number, and what do you think of her analysis? Should Tasty sell the stock?

  Prepare a comparative income statement with horizontal

wiglaf company reported its most significant decline in net income in years. at the end of the year c.s. lewis the

  Provide the journal entry to admit Roberts

Craig Roberts purchased one-half of Ennis Leighton's interest in the Vale and Leighton partnership for $34,000. Provide the journal entry to admit Roberts

  Develop idea and support main claim with sources

Discussion: Develop the idea and support the main claim with sources. Subsection headings might be added (if appropriate); bulleted or numbered lists can be added (if they convey information effectively)

  Cholarpak company produced and sold 76000 backpacks during

cholarpak company produced and sold 76000 backpacks during the year just ended at an average price of 36.00 per unit.

  Calculate charles net return

Charles Cook, an investor, is considering two financing plans for purchasing a parcel of real estate costing $50,000. Alternative X involves paying cash.

  Prepare all the general journal entries

Prepare all the general journal entries related to these bonds for 2013 and 2014.

  Identify and analyze adjustment to be recorded on december

Palmer operates five days per week with an average daily payroll of $500. Identify and analyze the adjustment to be recorded on December 31, 2014

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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