ACC 421 MART Education Terms/acc421mart.com ACC 421 MART Education Terms/acc421mart.com | Page 25

Opto Co. is a publicly traded, consolidated enterprise reporting
segment information. Which of the following
items is a required enterprise-wide disclosure regarding external
customers?
Question 16:
On January 15, year 1, Forrester Company paid property taxes on its
factory building for calendar year 1 in
the amount of $60,000. The first week of April year 1 Forrester made
unanticipated major repairs to its plant
equipment at a cost of $240,000. These repairs will benefit operations
for the remainder of the calendar year.
How should these expenses be reflected in Forrester’s quarterly
income statements?
Question 17:
What were Kohl's average total assets for the year?
Question 18:
For interim financial reporting, the computation of a company’s
second quarter provision for income taxes
uses an effective tax rate expected to be applicable for the full fiscal
year. This effective tax rate should reflect
anticipated
Question 19:
External revenue reported by reportable operating segments must be at
least