JCN Company sells laptop computers, desktop computers, and software in more than seven countries. The company is
Question:
Revenue (in millions)
Laptop computers................... $ 90
Desktop computers..................... 12
Software....................... 50
............................ $ 152
United States...................... $ 40 Canada.......................... 45
South America...................... 25
Asia........................... 19
Africa........................ 13
Europe......................... 10
........................... $ 152
Required
Which of the above should be reported as an operating segment and which as a geographic segment in a note to the financial statements?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted: