3. (25 pts) Immenso Company has several divisions as shown below with data to determine reportable...

 

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3. (25 pts) Immenso Company has several divisions as shown below with data to determine reportable segments. Divisions Barf Arf Farf Sales External $ Charf Darf 50,000 $ 50,000 $30,000 $ 20,000 $ 30,000 $ 90,000 $ 10,000 $50,000 $ 80,000 $140,000 $40,000 $ 70,000 $ Sales Internal $ Total Sales $ Profits/Losses $ 35,000 $ (55,000) $ 19,000 $ (45,000) $ Identifiable Assets $ Corporate Allocated Assets $ 200,000 $ 50,000 $ 250,000 $ 150,000 $ 75,000 $ 300,000 $ 40,000 $30,000 $ 40,000 $ 190,000 $ 105,000 $340,000 $ $ Perform the Sales Segment Test and state the reportable segments. Perform the Profit/Losses Test and state the reportable segments. Perform the Assets Test and state the reportable segments. Perform any other test deemed ncessary to report segments. Total 20,000 $ 170,000 20,000 $200,000 40,000 $ 370,000 (10,000) $ (56,000) 40,000 $765,000 50,000 $ 210,000 90,000 $ 975,000 3. (25 pts) Immenso Company has several divisions as shown below with data to determine reportable segments. Divisions Barf Arf Farf Sales External $ Charf Darf 50,000 $ 50,000 $30,000 $ 20,000 $ 30,000 $ 90,000 $ 10,000 $50,000 $ 80,000 $140,000 $40,000 $ 70,000 $ Sales Internal $ Total Sales $ Profits/Losses $ 35,000 $ (55,000) $ 19,000 $ (45,000) $ Identifiable Assets $ Corporate Allocated Assets $ 200,000 $ 50,000 $ 250,000 $ 150,000 $ 75,000 $ 300,000 $ 40,000 $30,000 $ 40,000 $ 190,000 $ 105,000 $340,000 $ $ Perform the Sales Segment Test and state the reportable segments. Perform the Profit/Losses Test and state the reportable segments. Perform the Assets Test and state the reportable segments. Perform any other test deemed ncessary to report segments. Total 20,000 $ 170,000 20,000 $200,000 40,000 $ 370,000 (10,000) $ (56,000) 40,000 $765,000 50,000 $ 210,000 90,000 $ 975,000

Answer rating: 100% (QA)

An Operating Segment should be reported based on meeting any one of the following criteria 1 The rev... View the full answer