Bass Industries operates in four different industries. Information concerning the operations of these industries for the year
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Question:
- Bass Industries operates in four different industries. Information concerning the operations of these industries for the year 2011 is as follows:
Revenue:
Industry Segment | Total | Intersegment | Operating Profit (Loss) | Segment Assets |
A | $24,000 | $4,200 | $2,700 | $22,400 |
B | 18,000 | 2,200 | (2,000) | 25,200 |
C | 90,000 | 14,000 | 3,600 | 70,000 |
D | 168,000 | - 0 - | 23,700 | 162,400 |
$300,000 | $28,000 | $280,000 |
Required:
- Complete the following schedule to determine which of the above segments must be treated as reportable segments:
10% Test for
Segment | Revenue | Operating Profit (Loss) | Segment Assets | Reportable? |
A | ||||
B | ||||
C | ||||
D |
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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