BE24-3 Linden Corporation is preparing its December 31, 2012, financial statements. Two events that occurred between December 31, 2012, and March 10, 2013, when the statements were issued, are described below.
1. A liability, estimated at 160,000 at December 31, 2012, was settled on February 26, 2013, at 170,000
2. A flood loss of 80,000 occurred on March 1, 2013.
What effect do these subsequent events have on 2012 net income?
BE24-5 Roder Corporation has seven industry segments with total revenues as follows.
Based only on the revenues test, which industry segments are reportable?
Enter 1 if the segment is reportable. Enter 0 if the segment is not reportable.
BE24-6 Operating profits and losses for the seven industry segments of Roder Corporation are:
Based only on the operating profit (loss) test, which industry segments are reportable?