Carla Company is involved in four separate industries. The following information is available for each of the
Question:
Carla Company is involved in four separate industries. The following information is available for each of the four industries.
Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets
W $56,492 $15,610 $155,034
X 9,730 2,440 77,517
Y 24,350 (3,070) 18,711
Z 6,828 1,120 16,038
$97,400 $16,100 $267,300
Instructions:
Determine which of the operating segments are reportable based on the:
(a) Revenue test.
(b) Operating profit (loss) test.
(c) Identifiable assets test.
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso