Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. identifying operating income components following

Identifying Operating Income Components Following is the Deere and Company Income Statement for 2018...

70.2K

Verified Solution

Question

Accounting

Identifying Operating Income Components

Following is the Deere and Company Income Statement for 2018image

Notes:

The income statement includes John Deere commercial and consumer tractor segment, a finance subsidiary that provides loan and lease financing relating to the sales of those tractors, and a healthcare segment that provides managed healthcare services for the company and certain outside customers.

Equity in income of unconsolidated affiliates refers to income John Deere has earned on investments made for strategic purposes.

a. Identify the components in its income statement that we would consider operating.

b. Discuss our treatment of the company 's finance and interest income and the income from the unconsolidated affiliates. Would these items be treated as operating or nonoperating?

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

Chemistry
1.2K views

3/ At 2000 K , nitrogen gas and oxygen gas combine to form nitric oxide according...

Physics
1.2K views

A uniform ladder 5.30  m long rests against a frictionless, vertical wall with its lower end 3.10  m from...

General Management
1.2K views

Write a brief description (1/2 - 1 pg) of your own beliefs about business ethics using...

Algebra
1.2K views

A tennis tournament begins with 64 players At the end of round one there will...

Accounting
1.2K views

Check my work E7-5 (Algo) Calculating Ending Inventory...

Accounting
1.2K views

Hang Ten Company manufactures surf boards and uses an activity - based costing system to...

Accounting
1.2K views

.Donato Corporation retires its 100,000 face value bonds at 107 on January 1, following the...

Accounting
1.2K views

Req. 3 & 4 need help with them and show the steps ...

Accounting
1.2K views

Topic 10 - Foreign operations and Forex b. S has not acquired any property, plant...

Accounting
1.2K views

In 2013, Lilly makes taxable gifts aggregating $5.25 million. Her only other taxable gifts amount...

Accounting
1.2K views

construction accounting problem The State Highway Department is...

Finance
1.2K views

1) (3 pts) You estimate that Company X will have earnings per share (EPS) of...