Segmented Reporting) LaGreca Company is involved in four separate industries. The following information is available for each
Question:
Segmented Reporting) LaGreca Company is involved in four separate industries. The following information is available for each of the four industries. Determine which of the operating segments are reportable based on the:
(a) Revenue test.
(b) Operating profit (loss) test.
(c) Identifiable assetstest.
Transcribed Image Text:
Operating Segment Identifiable Assets Total Revenue Operating Profit (Loss) $ 60,000 $15,000 $167,000 х 23,000 21,000 (2,000) 9,000 1,000 $15,500 19,000 $290,000 $102,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
a Revenue test 10 X 102000 10200 Segments W 60000 and Y 230...View the full answer
Answered By
Utkarsh Bansal
I have helped and mentored many students aspiring to crack exams for entrance into top-level engineering colleges. My college witnesses a lot of initiatives being taken for tutoring students who cannot afford such quality of education and I am an active member of the team. My experience with teaching have been that of fun and enjoyable and sometimes professional when I have to teach for an organization. The best thing about it was a large amount of knowledge and experience I gained from tutoring a diverse variety of students. In all the years of my teaching experience, whether it be school students and later college students, every time when I share my knowledge I get a whole new domain of thinking in return. Also, you get a chance to make a lot of friends through this medium which is a great added asset.
I am actively teaching in government-run NGO called NSS. NSS stands for National Service Scheme. This has given me an opportunity to interact with underprivileged students and learn about there problems.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
The following information is available for Mandalay Company: Required(a) Determine the material price variance based on the quantity of materials purchased.(b) Determine the material quantity...
-
The following information is available for Best Appliance Inc.: Required Calculate the times interest earned ratio for 2014 and compare it to the industry average in Exhibit 18.11. Explain why it...
-
The following information is available for the first three years of operations for the Shooting Star Corporation: On January 2, 2013, the firm acquired heavy equipment costing $ 200,000 in a cash...
-
Due to acid rain, the percentage of lakes in Scandinavia that lost their population of brown trout increased dramatically between 1940 and 1975. Based on a sample of 2850 lakes, this percentage can...
-
Make general journal entries to record the following transactions of Mehta Products for a two-month period. Explanations are not required. Jun. 30 Recorded cash sales of $115,000 for the month, plus...
-
Consider the search space below, where S is the start node and G1, G2, and G3 satisfy the goal test. Ares are labeled with the cost of traversing them and the h function's values are reported beside...
-
Chase Publishing was disappointed with the financial textbook and decided to purchase the trademark from a well-known record store for $\$ 250,000$. How can the cost of the trademark be accounted for...
-
Dana Rand owns a catering company that prepares banquets and parties for both individual and business functions throughout the year. Rand's business is seasonal, with a heavy schedule during the...
-
If equity is $ 2 9 8 , 0 0 0 and liabilites are $ 1 9 1 , 0 0 0 , then assets equal:
-
Y 100-x Mr. Kat, a resident of Meowville, can consume electricity (x) and natural gas (y). His utility function is U (x, y) Suppose that the price of electricity is p, the price of natural gas is py,...
-
Post-Balance-Sheet Events or each of the following subsequent (post-balance-sheet) events, indicate whether a company should (a) Adjust the financial statements, (b) Disclose in notes to the...
-
Ratio Computation and Analysis; Liquidity) as loan analyst for Madison Bank, you have been presented the following information. Each of these companies has requested a loan of $50,000 for 6 months...
-
In an introductory statistics course, x = midterm exam score and y = final exam score. Both have mean = 80 and standard deviation = 10. The correlation between the exam scores is 0.70. a. Find the...
-
One research project will cost $500,000 today and is expected to yield benefits of $50,000 at the end of each of the next 30 years. A second project will cost $400,000 and yield a single cash flow of...
-
table 23.2 Suppose you purchase the July 2020 call option on corn futures with a strike price of $3.20. Assume you purchased the option at the last price of the day. Use Table 23.2. a. How much does...
-
You are provided with 6 years of future regular after-tax operating cash flows. In addition, assume the following: . . Initial Cash outlay for the investment at time zero is $3,800 After Tax Salvage...
-
The Sandwich Master Company is interested in learning more about their operations. Above is a table of their current production given a unit of labor. Suppose the company pays each worker the same...
-
1. a. You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred...
-
Cedar Corporation reported a net operating loss in 2019 of $25,000,000. In 2020, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedars taxable income in 2020 and any...
-
a. What is meant by the term tax haven? b. What are the desired characteristics for a country if it expects to be used as a tax haven? c. What are the advantages leading an MNE to use a tax haven...
-
One of the sorting algorithms discussed works like this: The smallest value in the array is located and moved to element 0. Then the next smallest value is located and moved to element 1. This...
-
The treasurer of Miller AG has read on the Internet that the price of Wade Inc. ordinary shares is about to take off. In order to profit from this potential development, Miller purchased a call...
-
Cameron Company has a portfolio of debt investments that it has managed as a trading investment. At December 31, 2022, Cameron had the following balances related to this portfolio: debt investments,...
-
At December 31, 2022, the equity investment portfolio for Wenger, Inc. is as follows. On January 20, 2023, Wenger, Inc. sold investment A for $15,300. The sale proceeds are net of brokerage fees....
-
sked byChina699 BEMIDJI STATE UNIVERSITY Department of Technology, Art & Design TADT 3217 : Materials Science & Metallurgy Hardness Testing [A continued look at the Heat Treatment of Steel] ...
-
1. Advocate Aurora Sheboygan Memorial Hospital health care product or service to be marketed in your community. 2. Conduct appropriate market research in your community to determine the demographics...
-
How do ethical leaders integrate ethical considerations into strategic decision-making processes, balancing short-term business objectives with long-term ethical imperatives to ensure sustainable...
Study smarter with the SolutionInn App