Question: How are the segments that are not reportable segments handled in the required disclosures of FASB ASC Topic 280?

How are the segments that are not reportable segments handled in the required disclosures of FASB ASC Topic 280?

Step by Step Solution

★★★★★

3.40 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Segments not meeting one of these tests are subject to a reevaluation ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

55-B-A-F-R (24).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Do the requirements of FASB ASC Topic 280 apply to financial statements for interim periods? If so, how?

Q:

What securities fall under the scope of FASB ASC Topic 320?

Q:

FASB ASC Topic 740 discusses uncertain tax positions and highly certain tax positions. In one page or less, discuss the difference between an uncertain tax position and a highly certain tax position.

Q:

How are the segments that are not reportable segments handled in the required disclosures of FASB Statement No. 131?AppendixLO1

Q:

1. What is an operating segment? 2. What is a reportable segment according to FASB ASC Topic 280? What criteria are used in determining what operating segments are also reportable segments? 3. Why do...

Q:

opcia 3. Why do you think financial analysts are interested in segment disclosures? 4. Describe what is meant by the "management approach" to the disclosure of operating segments. 5. How are the...

Q:

5. How are the segments that are not reportable segments handled in the required disclosures of FASB ASC Topic 280? 6. Describe the quantitative thresholds that dictate whether an operating segment...

Q:

2. What is a reportable segment according to FASB ASC Topic 280? What criteria are used in determining what operating segments are also reportable segments?

Q:

The information that follows is for Cob Company at and for the year ended December 31, 2016. Cob's operating segments are cost centers currently used for internal planning and control purposes....

Q:

Margot Fein, a member of the financial reporting team of Klinger Inc., is reviewing financial statement information for the purpose of determining reportable segments of the company. She is reviewing...

Q:

What are some of the underlying motivations that prompt individuals to agree to requests that do not directly benefit themselves or their organizations?

Q:

(e) How could the sequence of Ala-Met-Thr be distinguished from that of Thr-Ala-Met by tandem ESI-MS? Explain in detail. (f) Draw the structures of products from a trypsin-catalysed reaction of...

Q:

3. Evaluate each of the following without using a calculator. (a) 2 (c) (b) (-5) (d) 513

Q:

A typical gasoline-powered vehicle requires about 3.7 MJ of primary energy (i.e. energy content of gasoline) to travel 1 km. How many kilograms of CO2 are produced annually by a vehicle that is...

Q:

Find the scalar equation for the plane passing through the points P 1 =(3, 4, 2), P 2 =(5, 4, 0), and P 3 =(3, 1, 3).

Q:

Let L be the line passing through the point P-(-3,-5, 4) with direction vector d-[-3, -4, 3]", and let T be the plane defined by 4x-3y-4z = 0. Find the point Q where L and T intersect. Q=(0, 0. 0)

Q:

(a) From the known masses of 150 and 15N, compute the difference in binding energy. (b) Assuming this difference to arise from the difference in Coulomb energy, compute the nuclear radius of 150 and...

Q:

Design a procedure for making 1.00x10 -4 M solution of HCL if all you are given is a stock solution with a concentration of 0.250 M, access to 100.0 mL and 250.0 mL volumetric flasks and a set of...

Q:

State Bank of India (SBI) is the oldest bank in India holding premier position in terms of balance sheet size, number of branches and market capitalization. It was adjudged as the best bank by the...

Q:

On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrisons voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was...

Q:

In January 2010, Wilkinson, Inc., acquired 20 percent of the outstanding common stock of Bremm, Inc., for $700,000. This investment gave Wilkinson the ability to exercise significant influence over...

Q:

Ace purchases 40 percent of Baskett Company on January 1 for $500,000. Although Ace did not use it, this acquisition gave Ace the ability to apply significant influence to Basketts operating and...

Q:

% Numerical Integration . . clear clc % xl is the lower bound, % xu is the upper bound, % and wid is the interval width xl = 0 . 2 ; xu = 1 0 ; wid = 1 ; k = 0 ; I = 0 ; % the integral needs to be...

Q:

Makers of brand A centralized server PCs guarantee that upkeep costs are lower for their gear than for that of their closest rival. Prior to buying brand A. an organization makes a free examination...

Q:

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.42 million. The fixed asset will be depreciated straight-line to zero over its...