Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Exercise 20

Determination of reportable segments, disclosures, reconciliation to consolidated amounts. Autoplus International is a publicly traded company that manufactures and distributes a number of products for use within the automobile industry.Major products are categorized as follows:
A. Automobile collision repair equipment
B. Automobile battery and starter parts
C. Automobile seating and safety belts
D. Automobile paints and trim parts
E. Automobile tire retreading equipment
F. Miscellaneous automobile products
The chief operating decision maker for the entity uses information organized by product groups for purposes of evaluating performance and allocating resources. Current-year intersegment transactions can be summarized as follows:
1. Determine which of the segments are considered to be reportable and whether the guidelines regarding the number of reportable segments have been satisfied.
2. Given the available information, prepare all of the necessary schedules and disclosures regarding the entity's segments, geographical areas, and reconciliations to consolidated amounts.