Chambers Company has seven operating segments but only four (One, Two, Three, an

Question

Chambers Company has seven operating segments but only four (One, Two, Three, and Four) are of significant size to warrant separate disclosure. As a whole, the segments generated revenues of $1,059,000 ($808,000+ $251,000) from sales to outside customers. In addition, the segments had $331,000 in intersegment sales ($278,000 $53,000) Outside Intersegment Sales $117,000 77,000 47,000 37,000 $278,000 21,000 11,000 21,000 53,000 Sales One Two Three Four $277,000 207,000 167,000 157,000 Totals $808,000 $107,000 87,000 57,000 Totals $251,000 Five Six Seven Which of the following statements is true?

Explanation / Answer

The statement that is true is Not enough segments are being reported because those segments have $808,000 in outside sales of a total of $1,059,000 for the company as a whole.

By seeing the segmented generated revenues not enough segments are reported .

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.