What amount will be used as the benchmark for determining

Assignment Help Financial Accounting
Reference no: EM13144111

Kaycee Corporation's revenues for the year ended December 31, 2008, were as follows: Consolidated Revenue per the Income Statement: $1,200,000 Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?

Reference no: EM13144111

Questions Cloud

Describe the audit steps that generally would be followed : Describe the audit steps that generally would be followed in establishing the propriety of the recorded liability for federal income taxes of a corporation you are auditing for the first time.
Discuss the difference between perpetual and periodic : Discuss the difference between Perpetual and Periodic recording systems in inventory. When we should select Perpetual (Periodic) recording syste
Define properties of electrolyte solutions : Properties of Electrolyte Solutions, In the winter of 1994, record low temperatures were registered throughout the United States. For example, in Champaign, Illinois, a record low of -29 F was registered.
Determining annual interest rate in mexico : The spot rate of exchange, S(MXN/USD), between the Mexican peso (MXN) and U.S. dollar (USD) is MXN 11.95/USD and the 6-month futures rate is MXN 12.4328/USD. If U.S. interest rates are 5% per annum then the annual interest rate in Mexico must be
What amount will be used as the benchmark for determining : Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?
What is the vapor pressure of this solution : A solution is prepared by dissolving 285 g of sucrose (C12H22O11) in 624 g of water. What is the vapor pressure of this solution at 30°C? (The vapor pressure of water is 31.8 mmHg at 30°C.)
Categories of adjusting entries : Distinguish between the two categories of adjusting entries, and identify the types of adjustments applicable to each category.
What will be the annual rental : A company purchased an aircraft for $400,000 and leased it for 20 years. If the company wants to earn an annual return of 10% what will be the annual rental.
Write the formulas for ions and compounds : Write the formulas for each of the following ions and compounds: (a) tetrahydroxozincate(ll) (b) pentaaquachlorochromium

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