Question: ACEY A10_ Kustanovich Final Exam - four practice problems Page 5 |11 . Segment Reporting Segment Reporting Homewood Company is in the process of determining

ACEY A10_ Kustanovich Final Exam - four practice problems Page 5 |11 . Segment Reporting Segment Reporting Homewood Company is in the process of determining its reportable segments for the year ending December 31 , 2001. Company management provided the following information . Sales Intersegment Segment Operating TO External Sales and Profit Identifiable* Segments Customers Transfers or [LOSS ASSETS A $ 1.000 I O I ( 40 ) $ 400 L 400 20 ( 4.3) MI 320 B 160 1 . 420 10 740 \\5 160 40 ( 9 ) 100 180 120 240 09 I Totals $ 3. 480 $ 260 ($ 14 ) 1 . 720 Required ." 1 . DOEs Segment " M" meet the operating - segment -level REVENUE Test ? TO receive any credit , you must answer "YES " or " no " in the box and provide complete supporting documentation in the space next to the box .* 2. DOES Segment* M" meet the operating - segment -level Frofit ( Loss); Test ? To receivE any credit . you must answer `VES" or" no " in the box and provide complete supporting documentation in the Space next to the box

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