Reference no: EM1346810
Slatter Corp operates primarily in the United States. However, few years ago, it opened plan in Spain to produce merchandise to sell there. This foreign operation has been so successful that throughout the past 24 months the company started a manufacturing plant in Italy and another in Greece. Financial information for each of these facilities follows:
Spain Italy Greece
销售.......................................... $ 395,000 $ 272,000 $ 463,000
讲道转移......... 0 0 62,000
Operating expenses..............172,000 206,000 190,000
Interest expense................ 16,000 29,000 19,000
Income taxes.................... 67,000 19,000 34,000
Long-lived assets...............191,000 106,000 72,000
该公司的国内运营报告了本年度的以下信息:
Sales to unaffiliated customers.............$4,610,000
Intersegment transfers.........................427,000
Operating expenses...........................2,410,000
Interest expense...............................136,000
Income taxes...................................819,000
Long-lived assets.............................1,894,000
Slatter has adopted the following criteria for determining the materiality of an individual foreign country: (1) sales to unaffiliated customers within a country are 10 percent or more of consolidated sales or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets.
Apply Slatter's materiality tests to identify the countries to report seperately