An entity and its divisions reported the following for the year 20x1: Sales to unaffiliated customers 38,000,000 Intersegment sales of products similar to those sold to unaffiliated customers Interest earned on loans to other operating segments 15,000,000 1,600,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount?
An entity and its divisions reported the following for the year 20x1: Sales to unaffiliated customers 38,000,000 Intersegment sales of products similar to those sold to unaffiliated customers Interest earned on loans to other operating segments 15,000,000 1,600,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![An entity and its divisions reported the following for the year 20xl:
Sales to unaffiliated customers
38,000,000
15,000,000
Intersegment sales of products similar to those sold to unaffiliated customers
Interest earned on loans to other operating segments
1,600,000
The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable
segment, the segment revenue should at least be what amount?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0d6731e-582f-4746-8651-ed50c68116dc%2F7de56c55-a214-43b6-a6ff-5687b16ee5fc%2Fdrwbp6_processed.png&w=3840&q=75)
Transcribed Image Text:An entity and its divisions reported the following for the year 20xl:
Sales to unaffiliated customers
38,000,000
15,000,000
Intersegment sales of products similar to those sold to unaffiliated customers
Interest earned on loans to other operating segments
1,600,000
The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable
segment, the segment revenue should at least be what amount?
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