Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 344 Weeks Ago, 1 Day Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 13 Sep 2017 My Price 15.00

Cineplex Corp is a diversified company that opera

 

Cineplex Corp is a diversified company that operates in five different industries: A, B, C, D, and E. The following information

relating to each segment is available for 2015.

A B C D E

Sales Revenue $57,600 $74,500 $587,000 $35,700 $53,500

COGS $19,700 $54,200 $277,400 $19,700 $31,700

Operating expenses $10,080 $57,600 $239,200 $12,280 $18,140

Total expenses $29,780 $111,800 $516,600 $31,980 $49,840

Operating profit (loss) $27,820 ($37,300) $70,400 $3,720 $3,660

Identifiable assets $42,800 $85,100 $507,600 $73,400 $54,200

Sales of segments B and C included intersegment sales of $21,400 and $101,900 respectively.

A) Determine which of the segments are reportable based on the:

(1) Revenue Test.

(2) Operating profit (loss) test

(3) Identifiable assets test.

B) Prepare the necessary disclosures required by GAAP

Answers

Dr Nick
(4)
Status NEW Posted 13 Sep 2017 02:09 PM My Price 15.00

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