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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Umbrella Company and its divisions are engaged solely in manufacturing operations . The following data pertain to the industries in which operations were conducted for the year ended December 31, 2014: Revenue From Revenue Operating Identifiable Segments outsiders from within Profit Assets A 18,000,000 2,000,000 3,600,000 40,000,000 B 13,000,000 3,000,000 2,800.000 36,000,000 C 5,000,000 7,000,000 1,500,000 2,400,000 1,200,000 28,000,000 16,000,000 D 4,500,000 E 5,400,000 3,600,000 1,400,000 14,000,000 6,000,000 140,000,000 F 3,000,000 600,000 Total 48,900,000 17,100,000 12,000,000 In its segment information for 2014, how many reportable segments does Umbrella Company have?
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Subject:
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