Ohara Corporations operates in four different industries (numbers in millions): Total Revenue Operating ...

50.1K

Verified Solution

Question

Accounting

Ohara Corporations operates in four different industries (numbers in millions):

Total Revenue Operating

Industries (Unaffiliated) Profit (Loss) Identifiable Assets

  1. Fuel $315,000 $40,000 $700,000
  2. Shipbuilding 500,000 (10,000) 1,000,000
  3. Insurance 225,000 10,000 450,000
  4. Financial Service 90,000 5,000 215,000

For which of the segments would information have to be disclosed in accordance with US GAAP?

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