For interim financial reporting , which of the following may be accrued or deferred to provide an appropriate
cost in each period ? Question 28 :
What was Baxter ' s inventory turnover for the year ending December 31 ?
Question 29 :
In financial reporting of segment data , which of the following must be considered in determining if an
industry segment is a reportable segment ? Question 30 :
Included in the total profit and loss is interest expense of $ 10,000 . In addition , Riley has $ 1,500 of interest
income for its reportable segments that is not included in the reports used internally . For purposes of
segment reporting , Riley should report segment profit of Question 31 :
Bard Co ., a calendar-year corporation , reported income before income tax expense of $ 10,000 and income
tax expense of $ 1,500 in its interim income statement for the first quarter of the year . Bard had income
before income tax expense of $ 20,000 for the second quarter and an estimated effective annual rate of 25 %.