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22. Which of the following statements is
false
concerning the number of
operating segments that should be disclosed?
23. Whitley Corporation identified four operating segments: Automotive,
Electrical, Lawn Equipment, and Sporting Goods. Automotive met the revenue
test and the profit or loss test. Electrical met all three tests. Lawn Equipment met
only the asset test. Sporting Goods did not meet any of the three tests. Which of
these segments must be disclosed separately?
24. Which one of the following items is not required to be disclosed for each
operating segment?
25. The following items are required to be disclosed for each operating
segment except:
26. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
What is the total amount of revenues in applying the revenue test?
27. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
Which operating segments are reportable under the revenue test?
28. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
In applying the profit or loss test, what is the minimum amount an operating
segment must have in order to meet the profit or loss test for a reportable
segment?
29. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
Which operating segments are reportable under the profit or loss test?
30. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
In applying the asset test, what is the minimum amount an operating segment
must have in order to meet the asset test for a reportable segment?
31. Dean Hardware, Inc. is comprised of five operating segments. Information
about each of these segments is as follows (in thousands; Intersegment loans are
receivables):
Which operating segments are reportable under the asset test?
32. Schilling, Inc. has three operating segments with the following information:
What is the minimum amount of revenue an operating segment must have to be
considered a reportable segment?
33. Schilling, Inc. has three operating segments with the following information:
According to the revenues test, which segment(s) are separately reportable?
34. Peterson Corporation has three operating segments with the following
information:
What is the minimum amount of revenue an operating segment must have to be
considered a reportable segment?
35. Peterson Corporation has three operating segments with the following
information:
According to the revenues test, which segment(s) are separately reportable?
36. Peterson Corporation has three operating segments with the following
information:
What amount of revenues must be generated from one customer before that
party must be identified as a major customer?
37. Elektronix, Inc. has three operating segments with the following
information:
What is the minimum amount of revenue an operating segment must have to be
considered a reportable segment?
38. Elektronix, Inc. has three operating segments with the following
information:
What is the operating profit or loss for the VCRs segment?
39. Elektronix, Inc. has three operating segments with the following
information:
What is the minimum amount of operating profit or loss an operating segment
must have to be considered a reportable segment?
40. Elektronix, Inc. has three operating segments with the following
information:
What is the minimum amount of assets an operating segment must have to be
considered a reportable segment?
41. Elektronix, Inc. has three operating segments with the following
information:
Which operating segments are separately reportable under the revenues test?
42. Elektronix, Inc. has three operating segments with the following
information:
Which operating segments are separately reportable under the operating profit or
loss test?
