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

Question:

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

Instructions
Determine which of the operating segments are reportable based on the:
(a) Revenue test.
(b) Operating profit (loss) test.
(c) Identifiable assetstest.

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Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Question Posted: Jun 03, 2013 03:25 AM

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

Question:

Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets $ 60,000 10,000 23,000 9,000 $102,000 $15,000 3,000 (2,000) 1,000 $17,000 $167,000 83,000 21,000 19,000 $290,000

Step by Step Answer:

a Revenue test 10 X 102000 10200 Segments W 60000 and Y 2300...View the full answer

Intermediate Accounting

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