Which of the industry segments listed are reportable

Assignment Help Accounting Basics
Reference no: EM131807957

Question - Segment Interim Reporting:

Ridge Company is in the process of determining its reportable segments for the year ended December 31, 2012. As the person responsible for determining this information, you gather the following information:

Operating Segments

Sales to External Customers

Intersegment Sales and Transfers

Segment Profit (Loss)

Segment Assets

A

$1,000

$80

($40)

$400

L

400

20

(43)

80

M

320

-

8

160

R

1,420

-

16

740

S

160

40

(9)

100

Z

180

120

60

240

Required:

a) Using the appropriate tests, determine which of the industry segments listed above are reportable for 2012. Show your supporting computations in good form.

b) Indicate whether or not Ridge's reportable segments satisfy the 75 percent test. Show your supporting computations in good form.

Reference no: EM131807957

Questions Cloud

Explain how the period of the on-off led blinking is set : Explain how the period of the on-off LED blinking is set - Explain how the circuit could be modified in order to have two different LEDs alternating
Summarize a potential employee relations training plan : Summarize a potential employee relations training plan. Evaluate the implications of the changes on internal, external, and global environments.
Professional society of major : Find the ethics code for the professional society of your major.
What are some of the ethical issues : (a) What are some of the ethical issues that can arise from conflicts between the public- and privatesector roles?
Which of the industry segments listed are reportable : Using the appropriate tests, determine which of the industry segments listed above are reportable for 2012. Show your supporting computations in good form
How the theorist might have been influenced by his culture : An assessment of the theory's validity and utility. How the theorist might have been influenced by his or her culture, ethnicity, gender, and social status
Increasing population and congestion : These may pit the interests of homeowners and business owners in the project area against the interests of people traveling through the improvement project.
The best capital budgeting method for ranking investment : The best capital budgeting method for ranking investment projects of different dollar amounts
Draw four-bit full adder and subtractor block diagram : Draw four-bit full adder and subtractor block diagram

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss problem related to cat food product

Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand.

  Rogers cpas set the following standard for its inventory

rogers cpas set the following standard for its inventory audit of la bamba co. 350 hours at an average hourly billing

  What accounts are increased andor decreased by the receipt

on january 1 highland corporation purchased 85000 of six percent three-year bonds as long-term investment. iterest is

  The assets were sold for 260000 and the liabilities were

ariel mandy and tisha are partners in a tanning salon. the assets liabilities and capital balances as of july 1 2010

  Explain adjusted trial balance debit column

Presented below is the format of the worksheet presented in the chapter.

  Roadside markets has a 675 percent coupon bond outstanding

roadside markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. the bond pays interest

  Reflecting the accrued interest on the note payable

As of December 31, $2,500 of interest expense has accrued on a $50,000 note payable. The note payable and the accrued interest will become due and payable.

  Omalley corp uses the fifo method of process costing system

omalley corp. uses the fifo method of process costing system. material is added at the beginning of the production

  What is the null hypothesis

The owner of the store from Chapter 12, Exercise 1, wants to know if the mean age of all customers is 25 years old. a) What is the null hypothesis? b) Is the alternative one- or two-sided?

  Record the recognition of profit

Record construction costs of 1800000 on construction in process to date. Record progress billings of $ 1000000. Record the recognition of profit that can be recognized to date, on a percentage of completion basis.

  The total purchase price of the stiltz corporation stock

Prepare the necessary journal entries to clear the intangible asset account and to set up accounts for separate intangible assets, other types of assets, and expenses indicated by the transactions.

  Cash expenses for the period included administrative

central station fund. the town of elizabeth operates the old train station as an enterprise fund. the train station

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd