An entity reported the following segment profit or loss for the current year Segment 1 7,000,000 profit Segment 2 3,000,000 profit Segment 3 4,000,000 loss Segment 4 1,000,000 profit Segment 5 500,000 loss   What are the reportable segments? a. SEGMENT 1,2,3,4 and 5 b. SEGMENT 1 and 2 c. SEGMENT 1,2 and 3 d. SEGMENT 1,2,3 and 4

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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An entity reported the following segment profit or loss for the current year

Segment

1

7,000,000 profit

Segment

2

3,000,000 profit

Segment

3

4,000,000 loss

Segment

4

1,000,000 profit

Segment

5

500,000 loss

 

  1. What are the reportable segments?

a. SEGMENT 1,2,3,4 and 5

b. SEGMENT 1 and 2

c. SEGMENT 1,2 and 3

d. SEGMENT 1,2,3 and 4

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