The Following Information Was Collected Together for the Lawson Company

question 24

Essay

The following information was collected together for the Lawson Company relating to the preparation of their annual financial statements for 2011.For each item,indicate "yes" or "no" as to whether the item must be disclosed in the annual report.
________ 1.Names of major customers for all reportable segments
________ 2.Interest revenue and expense for all reportable segments
________ 3.Cost of Goods Sold for all reportable segments
________ 4.Depreciation expense and amortization expense for all reportable segments
________ 5.Revenue from external customers for all reportable segments
________ 6.The basis for aggregating any operating segments to arrive at reporting segments
________ 7.Income tax expense (or benefit)for all reportable segments
________ 8.Total assets for all reportable segments
________ 9.Type of product or service for all reportable segments
________ 10.Extraordinary items for all reportable segments

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Definitions:

Phrase

A group of words that express a concept and is a component of a sentence, but does not necessarily constitute a complete sentence by itself.

Run-on

A grammatically faulty sentence in which two or more main clauses are joined without an appropriate conjunction or punctuation.

Compound Sentence

A sentence that has at least two independent clauses, usually connected by a conjunction or punctuation.

Independent Clauses

Sentences or clauses that can stand alone because they contain a subject and a predicate and express a complete thought.