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Baden Company is a diversified company which has developed the following

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Baden Company is a diversified company which has developed the following information about its five segments;SEGMENTS;A B C D E;Total sales $ 400,000 $1,700,000 $ 300,000 $ 320,000 $ 580,000;Operating profit (loss) (250,000) 480,000 40,000 (300,000) (10,000);Identifiable assets 1,600,000 5,800,000 1,200,000 3,400,000 5,600,000;Instructions;Identify which segments are significant enough to warrant disclosure in accordance with FASB No. 131, "Reporting Disaggregated Information about a Business Enterprise," by applying the following quantitative tests;a. Revenue test;b. Operating profit or loss test;c. Identifiable assets test

 

Paper#27239 | Written in 18-Jul-2015

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