Operating profits and losses for the seven industry segments of Foley Corporation are: Penley $ 90 Cheng

Question:

Operating profits and losses for the seven industry segments of Foley Corporation are:

Penley $ 90 Cheng $ (20)

Konami (40) Takuhi 34

KSC 25 Molina 150

Red Moon 50

Based only on the operating profit (loss) test, which industry segments are reportable?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...