Required: Determine which of the operating segments are reportable based on the:

Revenue test.

Operating profit (loss) test.

Identifiable assets test.

What are the benefits of disclosing financial results based on segments?

Pharoah Inc. is involved in five separate industries. The following information is available for each of the five industries: Operating Operating Total Profit/ Segment Revenue (Loss) Assets A $141.407 $29,247 $244,787 B 40,402 9,358 11,219 C 26,261 -5,849 36,718 D 191,910 -2,340 49,977 E 2,020 585 15,299 $402,000 $31,001 $358,000