E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages Toiletries Medicine Forestry Farming Others Intersegment sales are as follows: Medicine Forestry Farming W5,000,000 10,000,000 12,000,000 2,000,000 8,000,000 500,000 W800,000 500,000 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting. 3. Prepare a reconciliation of segment revenue with corporate revenue. I E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages Toiletries Medicine Forestry Farming Others Intersegment sales are as follows: Medicine Forestry Farming W5,000,000 10,000,000 12,000,000 2,000,000 8,000,000 500,000 W800,000 500,000 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting. 3. Prepare a reconciliation of segment revenue with corporate revenue. I
Expert Answer:
Answer rating: 100% (QA)
Answer 1 Revenue test 10 revenue test Revenue from Affiliated and Unaffiliated Sa... View the full answer
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Posted Date:
Students also viewed these accounting questions
-
The financial statements of Sprinto Ltd. are as follows for the year ended Analyse the performance of Sprinto Ltd. as far as the above information permits. Year ended Year ended Income statement for...
-
The speeds of 22 particles are as follows (Ni represents the number of particles that have speed vi): What are (a) V avg, (b) Vrms, and (c)vp? 2 4 2 N, 6 v, (cm/s) 1.0 2.0 3.0 4.0 5.0
-
Excerpts from the 2019 financial statements of General Mills are as follows ( dollars in millions): For 2019, compute estimates of cash receipts from customers and cash payments to suppliers. Assume...
-
1. [20 points] A mattress manufacturer has three production facilities located in Pittsburg (PA), Houston (TX), and Los Angeles (CA). They supply their products to three distribution centers in...
-
Matuska Tools Corporations income statements follow. Required 1. Prepare a multistep income statement for 2013 and 2014 showing percentages of net sales for each component (e.g., cost of goods sold...
-
If the inner and outer walls of a hollow sphere having surface areas of \(A_{1}\) and \(A_{2}\), and inner and outer radii \(r_{1}\) and \(r_{2}\), are maintained at temperatures \(t_{1}\) and...
-
What is a "comprehensive basis of accounting other than GAAP"?
-
On a beautiful spring morning in 2002, Stephen Lowber, chief financial officer of Cutter and Buck, Inc., slowly arose from his bed, walked across the bedroom floor, and gazed out the window. It was a...
-
The facility type selected is a Rehabilitation or Treatment Facility that specializes in providing Orthopedic services. This type of facility is essential due to the increasing prevalence of...
-
Green Planet, Inc., a manufacturer of air filter systems for industrial facilities, is considering the addition of a new system to its current product line. The following data has been forecasted: ...
-
Which Swiss psychologist conceptualized word associations as revealing information about psychopathology and personality types?
-
The figure below shows the straight line L, which has equation 3x-2y-18= 0, and the straight line L, which is perpendicular to L, and the intersection of the two lines, which meet at point P (0.p)....
-
a) b) M X M Consider the circuit shown in Figure B1 (a), assuming - L-2 = 1.0 m, W-2 = 2.0 m, L34 = 1.0 m, W34 = 4.0 m, (kp)1-4 = 16 A.V-2, (VT)1-4 = -0.7 V, Tref= 10.0 A, RD=1.0 k, Vad = 3.3 V. The...
-
Assume a book value per share of $ 6 and a price per share of $ 8. What is the market value added of a firm with 2361000 outstanding shares? (Round your answer to the nearest dollar) Market value...
-
Borrowers and savers have utility function u (Cb, C)= log(C+Blog(C), u (CS. Ca)= log (C5)+Blog(C). with 3b < Bs. The representative borrower is subject to the period-by-period budget constraints: CP=...
-
Consider the mechanical system shown in Figure 6. 1x (4) k fund x (t) m Figure 6. Non-linear mechanical system >f(t)
-
Burleigh Gin & Vodka is a successful new start-up business with a unique range of alcoholic and non-alcoholic spirits that have attracted a range of new customers in Australia. Burleigh Gin & Vodka...
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
Pat Company paid $1,800,000 for 90,000 shares of Sir Company's 100,000 outstanding shares on January 1, 2011, when Sir's equity consisted of $1,000,000 of $10 par common stock and $500,000 retained...
-
The City of Sioux Falls entered into a number of transactions for the current fiscal year. Identify the fund or funds affected by each transaction and determine how each transaction will affect the...
-
How might the enterprise fund amounts on the proprietary fund statement of net assets differ from the amounts reported as business-type activities on the government-wide statement of net assets?
-
The internal energy of an ideal gas depends on (a) Temperature, specific heat and volume (b) Temperature and specific heat (c) Temperature, specific heat and pressure (d) Pressure, volume and...
-
In the ammonia synthesis reaction \(\mathrm{N}_{2}+3 \mathrm{H}_{2}=2 \mathrm{NH}_{3}+22.4 \mathrm{kcal}\), the formation of \(\mathrm{NH}_{3}\) will be favoured by (a) High temperature (b) Low...
-
At constant temperature, the volume of a given mass of a gas is inversely proportional to the pressure. This is known as (a) Avogadro's law (b) Charles' law (c) Boyle's law (d) none of these.
Study smarter with the SolutionInn App