Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 24. the following information pertains to revenue

24. The following information pertains to revenue earned by Timm Co.'s industry segments...

70.2K

Verified Solution

Question

Accounting

image

24. The following information pertains to revenue earned by Timm Co.'s industry segments for the year ended December 31, Year 2: Total Segment Alo Bix Cee Dil Combined Elimination Consolidated Sales to unaffiliated Intersegment customers sales $ 5,000 $ 3,000 8,000 4,000 4,000 43,000 16,000 60,000 23,000 (23,000) $60.000 revenue $ 8,000 12,000 4,000 59.000 83,000 (23,000) $60.000 In conformity with the revenue test, Timm's reportable segments were a. Only Dil. b. Only Bix and Dil. c. Only Alo, Bix, and Dil. d. Alo, Bix, Cee, and Dil. 25. The following information pertains to Aria Corp. and its divisions for the year ended December 31, Year 2: $2,000,000 Sales to unaffiliated customers Intersegment sales of products similar to those sold to unaffiliated customers Interest earned on loans to other industry segments 600,000 40,000 Aria and all of its divisions are engaged solely in manufacturing operations. Aria has a reportable segment if that segment's revenue exceeds a. $264,000 b. $260,000 $204,000 d. $200,000 c

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

45. Your firm buys another firm for vertically integration. The initial FCF’s are 1 million per...

Finance
Q

Overproduction of uric acid in the body can be an indication of cell breakdown. This may...

Basic Math
Q

In a survey of 1006 adults a polling agency asked When you retire do you...

Statistics
Q

Find the solution of the logarithmic equation 7 ln 2 x 0 in terms of...

Calculus
Q

12 S 9 1 2

Calculus
Q

Assignment 1: Assume all materials go into production at the beginning of the process. There...

Accounting
Q

Please answer: B2 based of b1 info ...

Accounting
Q

Waldon, Trent, and Wizer decide to form a T-shirt design partnership. Alison Waldon figures this...

Accounting
Q

"This is really an odd situation," said Jim Carter, general manager of Highland Publishing Company....

Accounting
Q

______________ is a period of time when sales increase at an increasing rate. Select one:...

Accounting
Q

A transaction whereby a corporation transfers all its assets and liabilities to a newly created...

Accounting
Q

Whispering Corporation owns a warehouse. On November 1, it rented storage space to a lessee...

Accounting