3. Information on an entity's operating segments is shown below: Operating External segments Internal Total Profit (Loss) 200,000 1,400,000 (300,000) 100,000 1,000,000 (180,000) Identifiable revenue revenue revenue assets 1,200,000 5,000,000 900,000 1,300,000 800,000 250,000 1,050,000 220,000 900,000 1,800,000 600,000 160,000 760,000 270,000 300,000 800,000 (20,000) (30,000) (40,000) 300,000 200,000 200,000 4,000,000 1,200,000 11,000,000 Totals 710,000 4,710,000 ABCDEE
3. Information on an entity's operating segments is shown below: Operating External segments Internal Total Profit (Loss) 200,000 1,400,000 (300,000) 100,000 1,000,000 (180,000) Identifiable revenue revenue revenue assets 1,200,000 5,000,000 900,000 1,300,000 800,000 250,000 1,050,000 220,000 900,000 1,800,000 600,000 160,000 760,000 270,000 300,000 800,000 (20,000) (30,000) (40,000) 300,000 200,000 200,000 4,000,000 1,200,000 11,000,000 Totals 710,000 4,710,000 ABCDEE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Topic: Operating Segments
Requirements: (Show Solutions)
a. Identify the reportable segments under the quantitative thresholds of PFRS 8.
b. Determine whether the reportable segments meet the limit on external revenues under PFRS 8.
c. Determine the minimum amount of revenue that warrants disclosure of a major customer.
Transcribed Image Text:3. Information on an entity's operating segments is shown
below:
Operating External
segments
Internal
Total
Profit
(Loss)
Identifiable
revenue
revenue
revenue
assets
1,200,000
200,000 1,400,000 (300,000)
100,000 1,000,000 (180,000)
5,000,000
B
900,000
1,300,000
800,000
250,000 1,050,000
220,000
900,000
600,000
160,000
760,000
270,000
1,800,000
(20,000)
(30,000)
E
300,000
300,000
800,000
F
200,000
200,000
1,200,000
999
Totals 4,000,000
710,000 4,710,000
(40,000)
11,000,000
Transcribed Image Text:Requirements:
a. Identify the reportable segments under the quantitative
thresholds of PFRS 8.
b. Determine whether the reportable segments meet the limit on
external revenues under PFRS 8.
Determine the minimum amount of revenue that warrants
C.
disclosure of a major customer.
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