The Chief Accountant of Sports Ltd. gives the following data regarding its six segments: Rs. In...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Chief Accountant of Sports Ltd. gives the following data regarding its six segments: Rs. In lakhs Particulars O P Total Segment Assets 40 30 20 10 200 Segment Results 50 10 10 -10 30 -100 Segment Revenue 300 80 60 80 60 1,200 The Chief accountant is of the opinion that segments "M" and "N" alone should be reported. Is he justified in his view? Discuss. M N 80 -190 620 Q 20 R The Chief Accountant of Sports Ltd. gives the following data regarding its six segments: Rs. In lakhs Particulars O P Total Segment Assets 40 30 20 10 200 Segment Results 50 10 10 -10 30 -100 Segment Revenue 300 80 60 80 60 1,200 The Chief accountant is of the opinion that segments "M" and "N" alone should be reported. Is he justified in his view? Discuss. M N 80 -190 620 Q 20 R
Expert Answer:
Answer rating: 100% (QA)
No the Chief Accountant is not justified in his view While it may ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The chief accountant of Phidias Publications Ltd. (Phidias) is thinking about how accrual accounting policy choices affect the cash flow statement. Phidias publishes a number of newspapers in...
-
You are the chief accountant of the Australian listed company, Delos Ltd, that has a functional currency in A$. Delos Ltd sells goods to a customer in China and has borrowings from a US bank. The...
-
William Nelson, the chief accountant of West Texas Guitar Company, was injured in an automobile accident shortly before the end of the companys first year of operations. At year-end, a clerk with a...
-
Explain the benefits of graphs over tables in presenting data.
-
Why should a manager who does not work in the human resources department be familiar with the various aspects of talent management?
-
Steve has been operating Castle Creek Restaurant in Ontario for the past several years. On the basis of the information that Steve's accountant filed with the CRA during the prior year, Castle Creek...
-
The data in Exercise 2.174. Use technology to find the correlation for the data indicated. Data From Exercise 2.174: Make a scatterplot of the data. Put the $X$ variable on the horizontal axis and...
-
On January 1, 2014, Rolling Hills Country Club purchased a new riding mower for $18,000. The mower is expected to have an 8-year life with a $2,000 salvage value . What journal entry would Rolling...
-
Question 68 3 pts On July 1, 20x1, Sanchez Corporation acquired 3,000 shares (20% ownership) of Beal Corporation common stock at $40 per share plus brokerage fees of $600. The investment of $120,000...
-
Overview The milestone for Project One involves applying accounting principles and methods to long-term liabilities and equity. You will also evaluate these financial statement components for...
-
The Zone Company is evaluating a capital expenditure proposal that requires an initial investment of $3,650,000. The machine will improve productivity and thereby increases net after-tax cash inflows...
-
The two insulated, current-carrying wires in Figure P28.7 cross at right angles, and each carries a current \(I\). The locations labeled 1-4 are all in the plane defined by the wires, with each...
-
Given \[\mathbf{A}=\left[\begin{array}{ccc}0 & 1 & 0 \\0 & 0 & 1 \\-2 & -1 & -2\end{array} ight], \quad\mathbf{C}=\left[\begin{array}{lll}2 & 0 & \frac{1}{3}\end{array} ight]\]find the rank...
-
Show that if the eigenvalues of \(\mathbf{A}\) are \(\lambda_{1}, \lambda_{2}, \ldots, \lambda_{n}\), then the eigenvalues of \(\mathbf{A}-\alpha \mathbf{I}\) are \(\lambda_{1}-\alpha,...
-
Prove that a singular matrix must have at least one zero eigenvalue.
-
Prove that if \(\mathbf{A}_{2 \times 2}\) has a repeated eigenvalue \(\lambda\), then \(\mathbf{A}\) must be defective.
-
1. A pair of fair dice is rolled. Find the probability of the fol- lowing events. a. A sum of 3 b. A sum of at least 7 c. A sum that is no more than 4 d. A sum that is odd and less than 3 e. A sum of...
-
You work as an operations consultant for a textile company. Your client has a well-established distribution system in the US market. The company has hundreds of stores and four distribution centers....
-
Deterrtine whether each of the following compounds can in principle be isolated in optically active form under ordinary conditions. (a) 1.1 -dimethyl cyclohexane (b) cis- l -ethyl-3-methylcyclohexane
-
Outline a synthesis of the quaternary ammonium salt (CH 3 ) 3 Br from each of the following combinations of starting materials. Benzylamine and any other reagents NCH,Ph
-
(a) Show that the dipole moment of l,4-dioxane (Sec. 8.1C) should be zero if the molecule exists solely in a chair conformation, (b) Account for the fact that the dipole moment of 1,4- dioxane,...
-
Consider a Poisson regression. Let \(e_{i}=y_{i}-\widehat{\mu}_{i}\) denote the \(i\) th ordinary residual. Assume that an intercept is used in the model so that one of the explanatory variables...
-
a. Assume that \(y_{1}, \ldots, y_{n}\) are i.i.d. with a negative binomial distribution with parameters \(r\) and \(p\). Determine the maximum likelihood estimators. b. Use the sampling mechanism in...
-
For the data in Table 12.1, confirm that the Pearson statistic in equation (12.3) is 41.98 . Table 12.1 (12.3) Count Observed (j) (nj) Fitted Counts Using the Poisson Distribution (np;) 01234 6,996...
Study smarter with the SolutionInn App