WEEK 5 FINAL CONTINUED

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?

At December 31, 2014, Grinkov Corporation had the following account balances.

Installment Accounts Receivable, 2013		$65,000
Installment Accounts Receivable, 2014		110,000
Deferred Gross Profit, 2013		23,400
Deferred Gross Profit, 2014		41,800

Most of Grinkov’s sales are made on a 2-year installment basis.

Indicate how these accounts would be reported in Grinkov’s December 31, 2014, balance sheet. The 2013 accounts are collectible in 2015, and the 2014 accounts are collectible in 2016.

Grinkov Corporation Balance Sheet December 31, 2014

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