Tecumseh Company, a publicly-owned entity, assesses performance and makes operating decisions using the reportable segment's total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss included intersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision-maker. 

For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments? 

a. 345,000 

b. 406,000 

c. 350,000 

d. 411,000

Answer rating: 100% (QA)

Answer C 350 000 Working ... View the full answer