Artigas Corporation has expanded rapidly, and segment reporting is now required. The following data are for...

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Artigas Corporation has expanded rapidly, and segment reporting is now required. The following data are for the fiscal year ending on December 31, 20X1 (all amounts in millions): Operating Total Segment Operating Intersegment Profit Identifiable Segments Revenue revenue (Loss) Assets A $620 $20 $200 $400 BCDE B 100 20 80 340 30 70 300 190 10 (30) 140 180 (25) 180 F 70 10 120 G 120 80 (20) 140 All others 380 300 (25) 140 The all others includes five operating segments, none of which has revenues or assets greater than $80 million and none with an operating profit. Required: Determine what are reportable segments; and if the requirements for reportable segments are not yet met, apply appropriate aggregation criteria to identify additional reportable segments. Artigas Corporation has expanded rapidly, and segment reporting is now required. The following data are for the fiscal year ending on December 31, 20X1 (all amounts in millions): Operating Total Segment Operating Intersegment Profit Identifiable Segments Revenue revenue (Loss) Assets A $620 $20 $200 $400 BCDE B 100 20 80 340 30 70 300 190 10 (30) 140 180 (25) 180 F 70 10 120 G 120 80 (20) 140 All others 380 300 (25) 140 The all others includes five operating segments, none of which has revenues or assets greater than $80 million and none with an operating profit. Required: Determine what are reportable segments; and if the requirements for reportable segments are not yet met, apply appropriate aggregation criteria to identify additional reportable segments.

Answer rating: 100% (QA)

To determine the reportable segments we need to evaluate each operating segment based on certain cri... View the full answer