Donnegan Company reported operating expenses of $365,000 for 2013. The following
ID: 2376949 • Letter: D
Question
Donnegan Company reported operating expenses of $365,000 for 2013. The following data were extracted from the company
Donnegan Company reported operating expenses of $365,000 for 2013. The following data were extracted from the company's financial records: On a statement of cash flows for 2013, using the direct method, cash payments for operating expenses should be: On January 15, 2013, Vancey Company paid property taxes on its factory building for the calendar year 2013 in the amount of $840,000. In the first week of April 2013, Vancey made unanticipated major repairs to its plant equipment at a cost of $2,100,000. These repairs will benefit operations for the remainder of the calendar year. How should these expenses be reflected in Vancey's quarterly income statements? Presented below are four segments that have been identified by Haley Productions: For which of the segments would information have to be disclosed in accordance with professional pronouncements? Segments A, B, C, and D Segments A and D Segments A and B Segments A, B, and CExplanation / Answer
$401,000.---------correct answer
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3/31/11 6/30/11 9/30/11 12/31/11
a. $140,000 $606,667 $606,667 $606,667---------
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Presented below are four segments that have been identified by Haley Productions:
Total Revenue Operating
Segments (Unaffiliated) Profit (Loss) Identifiable Assets
A $255,000 $30,000 $900,000
B 600,000 (55,000) 800,000
C 225,000 6,000 450,000
D 90,000 4,000 225,000
For which of the segments would information have to be disclosed in accordance with professional pronouncements?
b. Segments A, B, and C-----------correct answer
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