E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the...

 

Transcribed Image Text:

E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages Toiletries Medicine Forestry Farming Others Intersegment sales are as follows: Medicine Forestry Farming W5,000,000 10,000,000 12,000,000 2,000,000 8,000,000 500,000 W800,000 500,000 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting. 3. Prepare a reconciliation of segment revenue with corporate revenue. I E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages Toiletries Medicine Forestry Farming Others Intersegment sales are as follows: Medicine Forestry Farming W5,000,000 10,000,000 12,000,000 2,000,000 8,000,000 500,000 W800,000 500,000 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting. 3. Prepare a reconciliation of segment revenue with corporate revenue. I

Answer rating: 100% (QA)

Answer 1 Revenue test 10 revenue test Revenue from Affiliated and Unaffiliated Sa... View the full answer