Data for the seven operating segments of Amalgamated Products follow: Included in the $105,000 revenue of the
Question:
Included in the $105,000 revenue of the Bicycles segment are sales of $25,000 made to the Sporting Goods segment.
Required
a. Which segments are separately reportable?
b. Do the separately reportable segments include a sufficient portion of total revenue?Explain.
Transcribed Image Text:
Segment Profit (Loss) Segments Electronics Bicycles Sporting Goods Home Appliances Gas and Oil Equipment Glassware Hardware Total Revenues S 42,000 105,000 53,000 147,000 186,000 64,000 178,000 $775,000 Segment Assets (8,600) 30,400 (4,900) 23,000 11,700 (19,100) 38,600 $73,000 207,000 68,000 232,000 315,000 96,000 194,000 $1,185,000 71,100
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a Segment Revenue a Profit loss b Assets c Electronics No No No Bicycles Y...View the full answer
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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