29. Pan Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified as reportable segment? A. 4,700,000 B. 2,500,000 C. 2,200,000 D. 2,000,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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29. Pan Company and its divisions are engaged solely in manufacturing. The entity reported the
operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B
P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment
E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified
as reportable segment?
A. 4,700,000
B. 2,500,000
C.
2,200,000
D. 2,000,000
Transcribed Image Text:29. Pan Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified as reportable segment? A. 4,700,000 B. 2,500,000 C. 2,200,000 D. 2,000,000
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