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 for the...

80.2K

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the dot product of each pair of the given vectors 1 0 V V...

Psychology
1.2K views

1. Most violent crime occurs between      A. juveniles. B. strangers. C. criminals. D. intimates. 2. Violence is _______ in some...

Physics
1.2K views

1. If you need to do 1.6x10^-6 J of work in order to get a charge...

General Management
1.2K views

2. Risk of Loss. Facts: Harold Shook agreed with Graybar Electric Co. to purchase three reels of...

Biology
1.2K views

Youth Climate Story 2 Air Pollution in Los Angeles 1 How does concrete react to...

Biology
1.2K views

FOCUS IN WORK ZONES Drive Like You Work Here MOT roads maryland gov workzonesafety Slightly...

Basic Math
1.2K views

6 points 12 The marginal cost C in dollars of manufacturing x cell phones in...

Calculus
1.2K views

Use part one of the fundamental theorem of calculus to find the derivative of the...

Accounting
1.2K views

On January 1,2024, Wildhorse issued $5,600,000,10% bonds. Interest is payable semi-annually on June...

Accounting
1.2K views

those first two pictures go together this is what needs to...

Accounting
1.2K views

CAN YOU PLEASE HELP WITH #10? (image below is part of #10) ...

Accounting
1.2K views

Flint Corporation leases equipment from Falls Company on January 1, 2025. The lease agreement does...