JCN Company sells laptop computers, desktop computers, and software in more than seven countries. The company is

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JCN Company sells laptop computers, desktop computers, and software in more than seven countries. The company is required to file financial statements annually with a securities commission. The controller has just compiled the following information on last year’s revenues:

Revenue (in millions)
Laptop computers..............................$360
Desktop computers................................48
Software.................................................200
..............................................................$608
United States.......................................$160
Canada...................................................180
South America......................................100
Asia...........................................................58
Africa........................................................70
Europe.....................................................40
..............................................................$608

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...

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Advanced Financial Accounting

ISBN: 978-0132928939

7th edition

Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay

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Question Posted: May 24, 2018 09:39 AM

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Advanced Financial Accounting

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