Problem

A summary of the segment operations of the Nog Corporation for the year ended December 31,...

A summary of the segment operations of the Nog Corporation for the year ended December 31, 2011, follows:

 

United States

Canada

Germany

Japan

Mexico

Other Foreign

Consolidated

Sales to unaffiliated customers

$35,000

$6,000

$3,000

$3,500

$1,500

$1,000

$50,000

Interarea transfers

10,000

$3,000

13,000

Total revenue

$45,000

$6,000

$3,000

$6,500

$1,500

$1,000

$63,000

Operating profits

$8,000

$1,000

$1,500

$1,000

$500

$500

$12,500

Segment assets

$50,000

$7,500

$8,500

$9,000

$2,000

$1,500

$78,500

1. For which of the following geographic areas will separate disclosures be required if only the 10 percent revenue test is considered?

a United States, Canada, and Japan

b United States and Canada

c United States and Japan

d United States, Canada, Germany, and Japan


2. For which of the following geographic areas will separate disclosures be required if only the 10% asset test is considered?

a United States

b United States and Canada

c United States, Japan, and Germany

d United States, Canada, Germany, and Japan


3. For which of the following geographic areas will separate disclosures be required if all relevant tests are considered?

a United States, Canada, Germany, and Japan

b United States, Germany, and Japan

c United States, Canada, and Japan

d United States and Canada

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Solutions For Problems in Chapter 15