Question: Instructions (a) Determine which of the segments are reportable based on the (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test (b)
Instructions (a) Determine which of the segments are reportable based on the (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test (b) Prepare the necessary disclosures required by GAAP 10 12 P24-3 (Ratio Computations and Additional Analysis) Bradburn Corporation was formed 5 years ago 15% of the common stock, was ul, but it cur- Combeaription of common stock. Daniel Brownhe company has been sucessful, buationa through a public subscription of common stock. Daniel Brown, who owns one of the organizers of Bradburn and is its current president. The company has been s Wrently is ex a shortage of funds. On June 10, 2014, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $35,000 notes, which are due on June 30, 2015, and September 30, 2015. Another note of $6,000 is due on March 31,2016, but he expects no difficulty in paying this note on its MacBook A 3 1
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