Sage Company is involved in four separate industries. The following information is available for each of...

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Sage Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets W $62,176 $15,130 $178,176 X 10,710 2,400 89,088 Y 26,800 (3,020) 21,504 N 7,514 1,090 18,432 $107,200 $15,600 $307,200 Determine which of the operating segments are reportable based on the: (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test. Reportable Segments Sage Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets W $62,176 $15,130 $178,176 X 10,710 2,400 89,088 Y 26,800 (3,020) 21,504 N 7,514 1,090 18,432 $107,200 $15,600 $307,200 Determine which of the operating segments are reportable based on the: (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test. Reportable Segments

Answer rating: 100% (QA)

a Revenue Test A reportable segment according to the revenue test is any operating segment that generates revenue exceeding 10 of the combined revenue ... View the full answer