高級會計學（第10版）習題答案 ch14-beams10e-sm

Chapter14

SEGMENTANDINTERIMFINANCIALREPORTING

AnswerstoQuestions

1Anoperatingsegmentisacomponentofanenteiprise:(1)thatengagesinbusinessactivitiesfromwhichit

mayearnrevenuesandincurexpenses,eitherinternalorexternal;(2)whoseoperatingresultsareregularly

reviewedbytheenterprise'schiefoperatingdecisionmakerand(3)fbrwhichdiscretefinancial

informationisavailable.

2Areportablesegmentisanoperatingsegment,eithersingleoraggregated,forwhichinformationhastobe

reportedunderFASBStatementNo.131.Anoperatingsegmentisareportablesegmentif(a)itsrevenueis

10percentormoreofthecombinedrevenueofalloperatingsegments,(b)itsabsoluteoperatingprofitor

lossis10percentormoreofthegreaterofcombinedoperatingprofitofallsegmentsthathaveoperating

profitorcombinedoperatinglossesofallsegmentsthathavelosses,or(c)itsidentifiableassetsare10

percentormoreofthecombinedidentifiableassetsofalloperatingsegments.

3Segmentsnotmeetingoneofthesetestsaresubjecttoareevaluation,andpossibleaggregation,ifthe

combinedrevenuefromsalestoexternalcustomersofallreportablesegmentsislessthan75percentof

consolidatedrevenue.Segmentsthatarenotreportablesegmentsarecombinedwithotherbusiness

activitiesandreportedunderan“allother“category.

4The10percentrevenuetestappliestothe$480,000.RevenueforpurposesofFASBStatementNo.131

includesrevenuefrombothexternalandintersegmentcustomers.

5Anindustrysegmentisareportablesegmentunderthe10percentoperatingprofittestifitsoperatingprofit

orloss,inabsoluteamount,equalsorisgreaterthanthegreaterofcombinedoperatingprofitsforall

operatingsegmentshavingoperatingprofitsorcombinedoperatinglossesforalloperatingsegments

havingoperatinglosses.

6Asegmentisareportablesegmentunderthe10percentassettestifitsassetsare10percentormoreofthe

combinedassetsofalloperatingsegments.Theallocationofgeneralcorporateassetsdependsonthe

internaloperationsoftheenterprise.Thekeyistheassetfiguregiventothechiefoperatingdecisionmaker

onwhichheorsheevaluatesperformance.Ifcorporateassetsarenotallocated,theybecomepartofthe

reconciliationbetweenthereportablesegments'assetsandconsolidatedassets.

7Asegmentisareportablesegmentunderthe10percentrevenuetestifitsintersegmentandexternalsalesis

10percentormoreofthecombinedintersegmentandexternalsalesofalltheoperatingsegments.

8No.Ifthecombinedrevenuefromsalestoexternalcustomersislessthan75percentoftotalconsolidated

revenues,additionaloperatingsegmentsmustbeidentifiedasreportablesegmentsuntilthe75percenttest

ismet.Eithersomeoftheremainingsegmentsmustbeaggregated,iftheymeettheaggregationcriteria,so

thatthecombinedsegmentmeetsthematerialitycriteriaof10%,oroneormoreofthefiveoperating

segmentsthatwerenotreportablesegmentsunderthe10percenttestsmustbeidentifiedasreportable

segments.

?2009PearsonEducation,Inc.publishingasPrenticeHall

14-2SegmentandInterimFinancialReposing

9Thefollowinginformationmustbedisclosedfbrreportablesegmentsandfortheremainderofthe

enterprise'soperatingsegmentsandotherbusinessactivitiesintheaggregate:

aRevenue,withseparateamountstounaffiliatedandaffiliatedcustomers,anddisclosureofthe

basisofaccountingforintersegmentsales.

bOperatingprofitorloss,basedontheinformationreviewedbythechiefoperatingofficer.

cIdentifiableassetsforeachreportablesegment.

dInterestrevenue

eInterestexpense

fAggregateamountofdepreciation,depletion,andamortizationexpense.

gUnusualitemsasdescribedinparagraph26ofAPBOpinionNo.30.

hEquityinthenetincomeofinvesteesaccountedforbytheequitymethod.

iIncometaxexpenseorbenefit.

jExtraordinaryitems.

kSignificantnoncashitemsotherthandepreciation,depletion,andamortization.

10Iftheenterpriseissegmentedonageographicbasis,completesegmentinformationwouldbesuppliedby

countryofoperation.Ifadifferentcriteriaisusedforsegmentation,morelimitedgeographicinformationis

supplied.Revenuesandlonglivedassetsattributedtothecountryofdomicileandallforeignoperationsare

disclosed.Anysinglecountrywithmaterialoperationsexistmustalsobedisclosedseparately.

11Thefactandamountofrevenuefromeachcustomermustbedisclosedif10percentormoreofan

enterprise'srevenueisderivedfromthatcustomer.If10percentormoreofanenterprise'srevenueis

derivedfromsalestothefederalgovernment,ortoastate,local,orforeigngovernmentalunit,thatfactand

theamountofrevenuemustbedisclosed.Theidentityofthesegmentmakingsuchsalesmustbedisclosed,

butthecustomerneednotbeidentifiedbyname.

12TherequirementsofFASBStatementNo.131doapplytointerimfinancialstatements.Likeotheraspects

ofinterimreporting,segmentdisclosureismorelimitedintheinterimreportsthanintheannualreports.

Requireddisclosureforeachreportablesegmentintheinterimreportsinclude:(1)revenuesfromexternal

customers,(2)intersegmentrevenues,(3)ameasureofsegmentprofitorloss,(4)totalassetsforwhich

therehasbeenamaterialchangesincetheamountdisclosedintheannualreport,(5)adescriptionofany

changesinthebasisfbrsegmentationorthebasisofmeasurementofsegmentprofitorloss,(6)a

reconciliationoftotalreportablesegmentprofitorlossandconsolidatedincomebeforeincometaxes.

13Anannualeffectivetaxrateiscomputedasthesumofestimatedincometaxesfbreachquarteroftheyear,

dividedbytheestimatedincomefortheyear.Thisapproachspreadsanyprogressionintaxratesoverthe

entireyearinaccordancewiththeintegraltheoryofinterimreporting.

14Thediscretetheoryassumesthateachquarterisaseparateandindependentaccountingperiodthatstands

alone.Bycontrast,theintegraltheorytreatseachinterimperiodasanessentialpartofeachannualperiod.

TheintegraltheoryisrequiredunderGAAPreportingfbrinterimreports.

15APBOpinionNo.28specifiesthatminimumdisclosuresforinterimreportsshouldincludegrossrevenues,

provisionforincometaxes,extraordinaryitemsandcumulative-effect-lypechangesonanet-of-taxbasis,

andnetincomeandrelatedEPSamountsasbasicreportingitems.Inaddition,disclosuresarerequiredof

seasonalcostandrevenue,significantchangesinincometaxestimates,orchangesinfinancialposition,

andmaterialcontingencies,extraordinaryandunusualorinfrequentlyoccurringitems.

?2009PearsonEducation,Inc.publishingasPrenticeHall

SOLUTIONSTOEXERCISES

SolutionE14-1

1d4b

2a5d

3d6b

SolutionE14-2

Revenuetest:10%ofcombinedrevenues(totalsales)=$68,800,000

Thefoodserviceindustry,coppermine,andchemicalindustryare

reportablesegmentsundertherevenuetestbecausetheyeachhaverevenuein

excessof$68,800,000.

Operatingprofittest:10%ofthegreaterofthecombinedoperatingprofitof

allindustrieshavingoperatingprofit($88,500,000)orthecombinedoperating

lossofallindustrieshavingoperatinglosses($25,500,000).

Thefoodserviceindustry,coppermine,chemicalindustry,and

agriculturalproductsindustryarereportablesegmentsbecausetheyeachhave

operatingprofitorlossinexcessof$8,850,000.

Assettest:10%ofcombinedassets($638,000,000totalassetsless$33,000,000

corporateassets)=$60,500,000.

Thefoodserviceindustryandchemicalindustryarereportablesegments

becausetheyhaveassetsinexcessof$60,500,000.

Reportablesegments(thosethatmeetatleastoneofthetests):foodservice

industry,coppermine,chemicalindustry,andagriculturalproductsindustry.

SolutionE14-3

1Revenuetests

10%revenuetest:

RevenuefromAffiliatedReportableSegment

andUnaffiliatedCustomersTestValue$215,000

Concreteandstoneproducts$200,000no

Construction500,000yes

Lumberandwoodproducts900,000yes

Buildingmaterials500,000yes

Other50,000no

$2,150,000

75%revenuetest:

CombinedRevenuefromCombinedRevenuefrom

ReportableSegmentstoAllSegmentsto

UnaffiliatedCustomersUnaffiliatedCustomers

Concreteandstoneproducts$200,000

Construction$500,000500,000

Lumberandwoodproducts500,000500,000

Buildingmaterials300,000300,000

Other50,000

$1,300,000$1,550,000

14-4SegmentandInterimFinancialReposing

Sincethe$1,300,000combinedrevenuefromreportablesegmentsto

unaffiliatedcustomersisgreaterthan75%of$1,550,000revenueforall

unaffiliatedcustomers($1,162,500),noadditionalsegmentshavetobe

reported.

2Schedulefordisclosingrevenuebysegment:

Lumber

ConstructionandWoodBuildingOtherTotals

Unaffiliated

sales$500,000$500,000$300,000$250,000$1,550,000

Affiliatedsales$400,000$200,000600,000

TotalSales$500,OCO$900,000$500,000S25C,000$2,150,000

3Reconciliationofsegmentrevenuetocorporaterevenue

Totalrevenueofreportablesegments$lz900,000

Otherrevenue250,000

Eliminationsofintersegmentrevenue(600,000)

Totalconsolidatedrevenue$1,550,0麗

SolutionE14-4

WorldwideCorporation

SegmentRevenuefor2008

(inthousands)

UnitedOther

StatesCanadaForeign

Salestounaffiliatedcustomers$50,000$18,000$21,000

Intersegmentsales15,0008,0004Z000

Total$65,000$26,000$25,000

Sincerevenuefromreportableoperatingsegmentsof$68,000isgreaterthan

75%ofconsolidatedrevenue($89,000),noadditionalsegmentsneedbereported.

RevenueReconciliation:

ReportableSegments$91,000

Othersegments25,000

Intersegmentrevenue(27,000)

Consolidatedrevenue$89,000

?2009PearsonEducation,Inc.publishingasPrenticeHall

SolutionE14-5[AICPAadapted]

1c

Revenuetestvalue=$3,275IndustriesA,BzC,andE

Operatingprofittestvalue=$580IndustriesA,B,C,andE

Identifiableassetstestvalue=$6,750IndustriesA,B,C,D,andE

2d

Tenpercentofcombinedrevenuesofallindustrysegments.

3b

Revenuetestvalue:10%ofsalestounaffiliated($2Z000)andaffiliated

($600)customers=$260

4b

OnlyBeckandDGhavetotalrevenues>10%of$83,000combinedrevenues:

Beck$12,000totalrevenue>$8,300

DG$59z000totalrevenue>$8,300

5d

Ifsalestoasinglecustomertotal10%ormoreofGrum'sreported

revenues($50,000,000x10%)zmajorcustomerdatashouldbedisclosed.

6a

Ifrevenuesgeneratedbyforeignoperationsinonecountryarematerial

(10%ormore)ofconsolidatedrevenuezGrumshouldreportinformation

aboutthatcountry'sforeignoperations.

7c

Thematerialitycriteriaforreportingasegmentbasedonrevenueis10

percentoftotal(bothexternalandintersegment,eliminatingb)revenue

(notincomeeliminatinga)ofalloperatingsegments(notjustthose

reportingaprofit,eliminatingd).

8b

Salestoothersegmentsarealwaysincludedinsegmentincome.Theother

threeoptionsgenerallywouldnotbeincludedbutanyofthemcouldbe

included.Inclusionwoulddependonwhetheritwasincludedinthe

performancereportevaluatedbythechiefoperatingdecisionmaker.

14-6SegmentandInterimFinancialReposing

SolutionE14-6

1c

Japanistheonlyforeignsegmentthathassegmentalrevenues(including

intersegmentrevenues)ofover10%oftotalsegmentrevenuesof$126,000.

2c

AssetsTestValueReportableGeographicArea

UnitedStates$100,000<$15,700yes

Canada15,000<$15,700no

Germany17,000<15,700yes

Japan18,000<15,700yes

Mexico4,000<15,700no

Otherforeign3,000

Totalforeign$157,000

Thetestvaluetodeterminereportabilityis10percentofconsolidated

segmentassetsof$157,000,nottotalconsolidatedassets.

3b

UnitedStatesonallthreetests,Japanontherevenueandassettests,

andGermanyontheoperatingprofitandassettests.

SolutionE14-7

1d

2c

3d

1stQuarter2ndQuarter

Incomeyeartodate$120,000$210,000

Taxrate34%30%

40,80063,000

Less:Taxinpriorreturnperiods040,800

Quarterlyperiodtaxexpense$40,800$22,200

a

Estimatedtotaltaxesof$26,150+$110,000estimatedpretaxincome

23.77%

SolutionE14-8[AICPAadapted]

1b

Theinventorylosswasnotexpectedtobetemporary,andtherefore,the

declinewasrecognizedinthefirstperiod.Thesubsequentrecoveryto

theoriginalcostisrecognizedinthethirdperiod.

2b

Theextraordinarylossof$70,000hastobedisclosed,andtheannual

insurancepremiumhastobeallocated$25,000perquarter.

3d

Thefull$360,000lossisincludedinthesecondquarterinterimreport

becausethelossispermanent.

4a

?2009PearsonEducation,Inc.publishingasPrenticeHall

Anextraordinarylossisallocatedtothequartertowhichitrelates.

Inthiscasethe$300,000extraordinarylossisassignedtothethird

quarter.

5a

Undertheintegraltheoryeachquarterlyperiodisanintegralpartof

eachannualperiod.Thus,propertytaxesof$20,000($80,000x25%)and

executivebonusesof$80,000($320,000x25%)shouldbeallocatedto

eachofthefourquarters.

SolutionE14-9

EndicottCorporation

ScheduleofIncomebyQuarterfor2008

1st2nd3rd4thYear

QuarterQuarterQuarterQuarter2006

Incomeyear-to-date$30,000$70,000$110,000$150,000$150,000

Quarterlyperiod

income$30,000$40,000$40,000$40,000$150,000

Incometaxexpense*(8,350)(11,133)(11,133)(11,134)(41,750)

Netincome$21,650$28,867$28,867$28,866$108,250

*Incometaxexpensecomputations:

1stQuarter$30,000x.278333=$8,350

2ndQuarter$70,000x.278333=$19,483-$8,350=$11,133

3rdQuarter$110,000x.278333=$30,616-$19,483=$11,133

4thQuarter$150,000x.278333=$41,750-$30,616=$11,134

SolutionE14-10

Currentcosttoreplace4,000unitsat$8$32,000

Historicalcostofinventoryliquidated4,000unitsat$520,000

Adjustmenttocostofsales[4,000unitsx($8-$5)]12,000

Costofsales550,000

Adjustedcostofsalesforthefirstquarter$562,000

14-8SegmentandInterimFinancialReporting

SOLUTIONSTOPROBLEMS

SolutionP14-1

1Reportablesegments

Revenuetest($600z000+$105,000)x10%=$70,500

Reportablesegments:Food$350,000

Chemical$150,000

Beverages$72,000

Operatingprofittest($85,000+$10,000)x10%=$9,500

Reportablesegments:Food$45,000

Chemical$23,000

Beverages$18,000

Assettest$645,000x10%=$64,500

Reportablesegments:Food$310,000

Chemical$150,000

Reportablesegmentstest

Testvalue$600,000consolidatedsalesx75%=$450,000

Unaffiliatedsales:Food$300,000

Chemical110,000

Beverages62,000

Total$4S2,000

Salesbyreportablesegments($472,000)aregreaterthanthe$450,000test

valueandnoadditionalreportablesegmentsarerequired.

SolutionP14-2

1Reportablesegmentsunderthe10%revenuetest:

Testvalueis10%of$1,158,000totalsales,or$115,800.Reportable

industrysegmentsincludetheapparel,furniture^lumberandwood

products,andtextilessegments.

2Testvaluefor75%revenuetestisthecombinedrevenue

fromsalestounaffiliatedcustomersbyallindustry

segmentsof$892,000x75%=$.€69/Q..OO

Reportablesegments:

Apparel$164,000

Furniture208z000

Lumberandwoodproducts175,000

Textiles50,000

Total$597,000

Salestounaffiliatedcustomersbythereportableindustrysegmentsof

$597,000islessthanthe$669,000testvalue.Therefore,additional

segmentsmustbeidentifiedasreportablesegments.Theconstruction

industry,asclosesttothe10%criteria,shouldbeincludedasa

reportablesegment.

?2009PearsonEducation,Inc.publishingasPrenticeHall

3Undertheassumptionthattobaccoandpapersharethemajorityoftheir

operatingcharacteristicstheywouldbecombinedintoonesegmentthat

nowmeetsthe10%testandcomplieswiththe75%criteria.Construction

wouldnolongerneedtobereported.Notetodiscloseinformationabout

segmentdata:

SalestoSalesto

UnaffiliatedAffiliated

CustomersCustomersTotalSales

Apparel$__164,000——$164,000

Tobaccoandpaper183,000183,000

Furniture208,000$6,000214,000

Lumberandwoodproducts175,00090,000265,000

Textiles50,000170,000220,000

Othersegments112,000—112,000

Totalrevenue$892,006$266,000$1,158,000

ReconciliationofSegmentRevenuetoConsolidatedRevenue:

Reportablesegmentrevenue$1,046,000

Otherrevenue112,000

Intersegmentrevenue(266,000)

Consolidatedrevenue$-892,000

14-10SegmentandInterimFinancialReposing

SolutionP14-3

1Operatingsegments(foreigngeographicareas):

Revenuetest

Reportable

TestValueGeographic

Revenue($240,000人10%)Area

Canada$24,000>$24z000yes

Mexico20,000<24z000no

Brazil22,000<24,000no

SouthAfrica25,000>24,000yes

UnitedStates149,000>24,000yes

$240,000

Assettest

TestValuer

Assets($250,000x10%)Reportable

Canada$30z000>$25,000yes

Mexico19,000<25,000no

Brazil20,000<25