Business, 05.05.2020 07:31 bob5266

Information about the domestic and foreign operations of Radon Inc. is as follows:

Geographic Area
United Britain Brazil Israel Australia Total
States
Sales to unaffiliated-
customers $364,000 $252,000 $72,000 $58,000 $47,000 $793,000
Interarea sales between-
affiliates 38,000 19,000 6,000 63,000
Total revenue $402,000 $271,000 $78,000 $58,000 $47,000 $856,000
Profit 34,500 22,500 11,300 3,200 4,500 76,000
Long-lived assets 509,000 439,000 93,000 66,000 75,000 1,182,000

Required:
Prepare schedules showing appropriate tests to determine which countries are material, using a 10 percent materiality threshold.

Answers: 2

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Information about the domestic and foreign operations of Radon Inc. is as follows:

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