Question 1

The acquisition of a paper mill by a large publishing company is an example of

Accepted Answer

A) ​horizontal integration. 
B) ​vertical integration. 
C) ​diversification. 
D) ​consolidation. 
A) ​horizontal integration. 
B) ​vertical integration. 
C) ​diversification. 
D) ​consolidation.

Question 2

Ansfield, Inc.has several potentially reportable segments.The following financial information has been determined for the current fiscal year: ?

$$\begin{array} { l r } 
\text { Consolidated net income } & \$ 1,000,000 \
\text { Operating income before taxes } & 1,500,000 \
\text { Net operating income of all segments } & 1,350,000 \
\text { Total consolidated revenue } & 8,000,000 \
\text { Total revenue of all segments, } & \
\text { excluding intersegment sales } & 7,000,000 \
\text { Total intersegment sales } & 1,200,000 \
\text { Consolidated total assets } & 50,000,000 \
\text { Total assets of all segments } & 45,000,000
\end{array}$$ For Ansfield, Inc.to report a significant portion of its financial information as segments, its segments, in total, must represent

Accepted Answer

A) $37,500,000 in assets. 
B) $6,000,000 in revenues. 
C) $1,125,000 in operating income before taxes. 
D) The answer cannot be determined from the information given. 
A) $37,500,000 in assets. 
B) $6,000,000 in revenues. 
C) $1,125,000 in operating income before taxes. 
D) The answer cannot be determined from the information given.

Question 3

Which of the following is not required to be disclosed for a reportable segment?

Accepted Answer

A) ​The measure of profit or loss that is reviewed by the chief operating decision maker. 
B) ​Segment assets. 
C) ​Segment liabilities. 
D) Types of products and services from which the segment derives revenue.​ 
A) ​The measure of profit or loss that is reviewed by the chief operating decision maker. 
B) ​Segment assets. 
C) ​Segment liabilities. 
D) Types of products and services from which the segment derives revenue.​

The acquisition of a paper mill by a large publishing company is an example of

Which of the following is not required to be disclosed for a reportable segment?

Business Combinations: New Rules for a Long-Standing Business Practice

Consolidated Statements: Date of Acquisition

Consolidated Statements: Subsequent to Acquisition

Intercompany Transactions: Merchandise, Plant Assets, and Notes

Intercompany Transactions: Bonds and Leases

Cash Flow, Eps, and Taxation

Special Issues in Accounting for an Investment in a Subsidiary

Subsidiary Equity Transactions, Indirect Subsidiary Ownership, and Subsidiary Ownership of Parent Shares

The International Accounting Environment

Foreign Currency Transactions

Translation of Foreign Financial Statements

Partnerships: Characteristics, Formation, and Accounting for Activities

Partnerships: Ownership Changes and Liquidations

Government and Not for Profit Accounting

Governmental Accounting: Other Governmental Funds, Proprietary Funds, and Fiduciary Funds

Financial Reporting Issues

Accounting for Private Not-For-Profit Organizations

Accounting for Not-For-Profit Colleges and Universities and Health Care Organizations

Estates and Trusts: Their Nature and the Accountants Role

Debt Restructuring, Corporate Reorganizations, and Liquidations

Derivatives and Related Accounting Issues

Equity Method for Unconsolidated Investments

Variable Interest Entities

Filters

Exam 12: Interim Reporting and Disclosures About Segments of an Enterprise

The acquisition of a paper mill by a large publishing company is an example of

Which of the following is not required to be disclosed for a reportable segment?

Business Combinations: New Rules for a Long-Standing Business Practice

Consolidated Statements: Date of Acquisition

Consolidated Statements: Subsequent to Acquisition

Intercompany Transactions: Merchandise, Plant Assets, and Notes

Intercompany Transactions: Bonds and Leases

Cash Flow, Eps, and Taxation

Special Issues in Accounting for an Investment in a Subsidiary

Subsidiary Equity Transactions, Indirect Subsidiary Ownership, and Subsidiary Ownership of Parent Shares

The International Accounting Environment

Foreign Currency Transactions

Translation of Foreign Financial Statements

Partnerships: Characteristics, Formation, and Accounting for Activities

Partnerships: Ownership Changes and Liquidations

Government and Not for Profit Accounting

Governmental Accounting: Other Governmental Funds, Proprietary Funds, and Fiduciary Funds

Financial Reporting Issues

Accounting for Private Not-For-Profit Organizations

Accounting for Not-For-Profit Colleges and Universities and Health Care Organizations

Estates and Trusts: Their Nature and the Accountants Role

Debt Restructuring, Corporate Reorganizations, and Liquidations

Derivatives and Related Accounting Issues

Equity Method for Unconsolidated Investments

Variable Interest Entities

Filters