Twodor Company is involved in four separate industries. Selected financial information concerning Twodors involvement in each of
Question:
Twodor Company is involved in four separate industries. Selected financial information concerning Twodor’s involvement in each of the four industries is presented below:
Required:
Using all tests, determine which of the industry segments are reportable segments and explain how nonreportable segments (if any) should bereported.
Transcribed Image Text:
Industry Segment Total Sales to nonaffiliates Intersegment sales Total revenue Operating profit (loss) Identifiable assets 80,000 130,000 210,000 (17,400) 222,000 $20,000 84,000 104,000 12,000 110,500 %24,000 12,000 36,000 1,500 28,000 $12,200 136,200 229,800 366,000 (600)(4,500) 386,500 8,800 16,000 26,000
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Revenue Test Industry segments A and B are reportable segments under this test because their total r...View the full answer
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