1. identify the reportable segment2. Abc co. shall provide the disclosure for major customers if revenues from transactions with a single external customer amount to how much?

Illustrative problem 1: ABC Co. Has the following information on its operating segments. Segments External Inter-segment Total revenues Profit Assets revenues revenues 1,200,000 600,000 1,800,000 700,000 12,000,000 400,000 100,000 500,000 400,000 7,000,000 250,000 250,000 100,000 1,000,000 200,000 200,000 80,000 800,000 150,000 150,000 70,000 700,000 100,000 100,000 50,000 500,000 TOTALS 2,300,000 700,000 3,000,000 1,400,000 22,000,000 Qustion 1: Identify the reportable segment Question 2: ABC Co. shall provide disclosure for major customers if revenues from transaction with a single external customer amount to how much