Question: Problems 14-19. Use the below table to answer the questions. Segment Reporting Practice Exam Segments Green Pink 514 309 0 Red 1811 16 White Blue
Problems 14-19. Use the below table to answer the questions. Segment Reporting Practice Exam Segments Green Pink 514 309 0 Red 1811 16 White Blue 812 91 Black 121 16 109 99 302 Sales to outsiders Intersegment revenues Salary expense Rent expense 139 Segment Profit and Loss 614 379 166 402 81 312 92 317 42 62 31 Segment Assets 200 100 600 300 300 500 Segment Liabilities 75 50 200 275 100 220 14. Under the revenue test alone which are the reportable operating segments 15. Under the asset test alone which are the reportable operating segments 16. Under the Profit and Loss test alone which are the reportable operating segments 17. Using all three tests, which are the reportable operating segments. 18. Assume that only Red, Blue and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments
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