The CEO of Lannister, Inc., evaluates financial statement information for five distinct operating segments: Hardware sales, Consulting,
Question:
The CEO of Lannister, Inc., evaluates financial statement information for five distinct operating segments: Hardware sales, Consulting, Hardware servicing, Financing, and Rising technology. Revenue and assets for the segments expressed as percentages of Lannister’s total revenues and total assets follow:
Required:
Explain which of Lannister’s operating segments would be considered reportable segments.
Transcribed Image Text:
Revenue and Assets Percentages Revenue Assets Hardware sales 45% 23% Consulting Hardware service 36 7 8 Financing Rising technology 9 60 5 Total 100% 100%
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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