Question 14:
Which of the following factors determines whether an identified segment of an enterprise should be reported
in the enterprise’ s financial statements under ASC Topic 280, Segment Reporting?
Question 15:
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