Solved by Expert Tutors
Solved by Expert Tutors
Question

Presented below are four segments that have been identified by Haley Productions:

Operating

Segments Total Revenue Profit (Loss) Identifiable Assets

A $255,000 $30,000 $900,000

B 600,000 (38,000) 800,000

C 225,000 6,000 450,000

D 90,000 4,100 225,000


Determine which of the operating segments are reportable based on the following:


22. Revenue Test - (Just list which segments pass this test)


23. Operating Profit (Loss) test - (Just list which segments pass this test)


24. Identifiable assets test - (Just list which segments pass this test)


Unruh Corp. and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2018.

Assets

Industry Revenue Profit 12/31/18

A $ 8,000,000 $1,320,000 $16,000,000

B 6,400,000 1,120,000 14,000,000

C 4,800,000 960,000 10,000,000

D 2,400,000 440,000 5,200,000

E 3,400,000 540,000 5,600,000

F 1,200,000 180,000 2,400,000

$26,200,000 $4,560,000 $53,200,000

25. In its segment information for 2018, how many reportable segments does Unruh have? (After doing all tests - Revenue test, Operating profit test, Identifiable asset test & combined sales test) -

(Answer = Number of reportable segments = 0,1,2,3,4,5,or 6)

Step-by-step answer

gue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet


consectetur adipiscing elit. Nam lacinia pulvinar tortor ne

  • ec alique
  • ec aliqu
  • usce dui

risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lec

  • ec alique
  • ec aliqu
  • usce dui
  • molestie

consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis.

  • ec alique
  • ec aliqu
  • usce dui


itur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adi

a molestie consequat, ultrices ac magna. Fusce dui lectus,

  • gue vel laoreet ac,
acinia pulvi

Donec a

Donec aliquet. Lorem ipsum dolor sit amet, consectetur a

e vel laoreet ac, dictum vitae odio.

ongue vel laoreet ac, dictum vitae

pulvinar tortor nec facilisis. P

cing elestie comongue velxur laor

cing elit. Nam lacinia pulvinar tor

llenonecllenonecm rionec

molestie consequat, ultrices ac


m risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce du

, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit.


itur laoreet. Nam risus ante, dapibus a mol

entesque dapibus efficitur laoreet. Nam

usce dui lectus, congue vel laoreet ac

ac, dictum vitae odio. Donec alique

sque dapibus efficitur laoreet. Nam

lestie consequat, ultrices ac magn

gue vel laorsung elit. NxDonec a

sque dapibus efficitur laoreet. Nam ri

onecur laoronecm rionec

et, consectetur adipiscing elit.

cing elit. Nam lacinia pulvinar tor



a molestie consequat, ultrices ac magna. Fusce

Subscribe to view the full answer

Subject: Accounting, Business

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question