Homework Help is Here – Start Your Trial Now!
Business
Accounting
Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Company Total $ 1,735 Asset Test Books Computers Maps Travel Finance Total Segment Revenues Percentage 551 135 167 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. 3,728 1,580 255 127 227 141 Complete this question by entering your answers in the tabs below. 105 130 % Reportable % % % % 0.0 % Books $ 189 44 78 0 256 135 90 Reported or Not Reported 0 41 62 Computers Maps $ 756 $ 446 280 0 0 1,481 868 71 0 91 (21) 59 0 0 Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 298 314 28 0 58 77 Travel $344 168 0 0 353 210 66 9 37 81 Finance $0 0 57 167 1,340 53 0 127 0 (58)

Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Company Total $ 1,735 Asset Test Books Computers Maps Travel Finance Total Segment Revenues Percentage 551 135 167 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. 3,728 1,580 255 127 227 141 Complete this question by entering your answers in the tabs below. 105 130 % Reportable % % % % 0.0 % Books $ 189 44 78 0 256 135 90 Reported or Not Reported 0 41 62 Computers Maps $ 756 $ 446 280 0 0 1,481 868 71 0 91 (21) 59 0 0 Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 298 314 28 0 58 77 Travel $344 168 0 0 353 210 66 9 37 81 Finance $0 0 57 167 1,340 53 0 127 0 (58)

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
See similar textbooks
icon
Related questions
Question
Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Books Computers Maps Travel Finance Total Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. Segment Revenues Percentage Complete this question by entering your answers in the tabs below. Asset Test $ Company Total $ 1,735 0 551 135 167 3,728 1,580 % % 0.0 % 255 127 227 141 105 130 % Reportable % Books $ 189 44 78 0 256 135 90 0 41 62 Reported or Not Reported Computers Maps $ 756 $ 446 280 59 0 0 0 0 1,481 868 71 BLOr Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 0 91 (21) 298 314 28 0 ' 58 77 Travel $ 344 168 0 0 353 210 66 0 37 81 Finance $0 007 57 167 1,340 53 0 127 (58)
Transcribed Image Text:Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Books Computers Maps Travel Finance Total Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. Segment Revenues Percentage Complete this question by entering your answers in the tabs below. Asset Test $ Company Total $ 1,735 0 551 135 167 3,728 1,580 % % 0.0 % 255 127 227 141 105 130 % Reportable % Books $ 189 44 78 0 256 135 90 0 41 62 Reported or Not Reported Computers Maps $ 756 $ 446 280 59 0 0 0 0 1,481 868 71 BLOr Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 0 91 (21) 298 314 28 0 ' 58 77 Travel $ 344 168 0 0 353 210 66 0 37 81 Finance $0 007 57 167 1,340 53 0 127 (58)
Expert Solution
steps

Step by step

Solved in 5 steps with 6 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Methods of accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS