Question

REQUIRED 1. Calculate tax expense that should be reported each quarter. 2. Calculate income that should be reported each quarter. PROBLEMS P 15-1 Apply threshold tests Rise Corporation is based in the United States and its business is divided into segments based on geo graphical location. The following information has been accumulated for use in preparing segment dis- closures in 2016: Intersegment Sales ely OSS United States Canada Europe Latin America Japan Korea Singapore Other Unaffiliated Sales $250,000 200,000 130,000 120,000 100,000 50,000 20,000 10.000 $880,000 10,000 30,000 Total $250.000 200,000 130,000 130,000 130,000 50,000 30,000 10,000 $930.000 10,000 $50.000 REQUIRED 1. Determine Rise's reportable segment under the 10 percent revenue test. 2. Are additional reportable segments required? 3. Prepare a schedule to disclose segmented revenue and its reconciliation for 2016, P 15-2 whold tests in millions
NEED FULL CALCULATIONS

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