Kline Ltd operates solely within Western Australia. The chief operating decision-maker has identified five operating segments within the entity. These are Entertainment, Clothing, Food, Agriculture, and Consulting. Details for the year ending 30 June 2021 regarding each of the operating segments are provided below:

Revenue

	Total Sales $
Entertainment	720 000
Clothing	66 000
Food	360 000
Agriculture	120 000
Consulting	48 000

Included in the sales revenue earned by the Entertainment operating segment was $144 000 sales made to the Food operating segment. This generated a profit on sale amounting to a total of $30 000.

Results

	$
Entertainment	(96 000)
Clothing	(9 600)
Food	36 000
Agriculture	(6 000)
Consulting	7 200
Corporate Offices	(9 000)

Assets

	$
Entertainment	600 000
Clothing	72 000
Food	48 000
Agriculture	174 000
Consulting	42 000
Corporate Offices	48 000

Required

Taking into account the information provided by the chief operating decision-maker as noted above, determine which operating segments are reportable according to the relevant accounting standard. Show all workings and offer explanations as required.

Answer rating: 100% (QA)

Answer Reportable segments are those operating segments whose Revenues internal or external are 10 o... View the full answer