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You are compiling the consolidated financial statements for Winsor Corporation International. The corporation’s accountant, Anthony Reese, has provided you with the following segment information.
Note 7: Major Segments of Business
WCI conducts funeral service and cemetery operations in the United States and Canada. Substantially all revenues of WCI’s major segments of business are from unaffiliated customers. Segment information for fiscal 2018, 2017, and 2016 follows (in thousands).
|$ 302,000||$ 10,000||$ 73,000||$ 2,000||$ 7,000||$ 12,000||$ 406,000|
Instructions Determine which of the above segments must be reported separately and which can be combined under the category “Other.” Then, write a one-page memo to the company’s accountant, Anthony Reese, explaining the following.
- a. What segments must be reported separately and what segments can be combined.
- b. What criteria you used to determine reportable segments.
- c. What major items for each must be disclosed.
You are a financial planner for Dave, who is years old and retired. He wants to move his retirement account to more high-risk stocks. You would gain a great deal in fees and service charges if he turns all of his savings into stocks. However, he would face more risk if he buys the stocks. What should you do?
Before class starts, the professor says, "You can't pray in this class."
A child goes to sleep hungry because the parents have no money for food.
A student receives a poor education and is rejected for every job for which she applies.
A man is stopped before boarding an airplane and strip-searched because he has an Arab-sounding name and a stamp on his passport indicating that he has been to Iraq in the past year.
. A Spanish-speaking student speaks Spanish to another student. The dean of students says that only English can be spoken on campus.
A woman is ill and is turned away from a hospital because she does not have health insurance or the money to pay her medical bill.
A homeless man asks for money from people passing by, but people do not give him any money.
A Muslim student wears a hijab (head scarf) to class. The teacher tells her to remove it during class, as there is a rule against hats or other head coverings in the building.
A family moves to the United States from a country where it is part of the culture for the wife to stay at home and take care of the household. The husband comes home from work and finds that his wife has not done the laundry or cooked dinner. He disciplines her by striking her three times, the usual method of discipline in their culture.
Did you find any human rights in conflict within any of the above examples? What should be done when this occurs?