Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 20

Slatter Corporation operates primarily in the United States.However, a few years ago, it opened a plant in Spain to produce merchandise to sell there.This foreign operation has been so successful that during the past 24 months the company started a manufacturing plant in Italy and another in Greece.Financial information for each of these facilities follows: The company's domestic (U.S.) operations reported the following information for the current year: Slatter has adopted the following criteria for determining the materiality of an individual foreign country: (1) sales to unaffiliated customers within a country are 10 percent or more of consolidated sales or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets.
Apply Slatter's materiality tests to identify the countries to report separately.