B Incorporated provided the following data with respect to their segments: Segment Revenues Profit/Loss Identifiable Assets A 40 million 3 million 80 million B 20 million 4 million 70 million C 15 million (5 million) 60 million D 50 million (1 million) 100 million E 5 million (300,000) 30 million F 8 million (1.3 million) 20 million Total 138 million (600,000) 360 million Using the profit/loss test, what is the minimum amount of profit/loss for a segment to be considered as reportable: a. 700,000 b. 60,000 c. 600,000 d. 820,000 e. Answer not among the
B Incorporated provided the following data with respect to their segments: Segment Revenues Profit/Loss Identifiable Assets A 40 million 3 million 80 million B 20 million 4 million 70 million C 15 million (5 million) 60 million D 50 million (1 million) 100 million E 5 million (300,000) 30 million F 8 million (1.3 million) 20 million Total 138 million (600,000) 360 million Using the profit/loss test, what is the minimum amount of profit/loss for a segment to be considered as reportable: a. 700,000 b. 60,000 c. 600,000 d. 820,000 e. Answer not among the
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
B Incorporated provided the following data with respect to their segments:
|
Segment |
Revenues |
|
Identifiable Assets |
|
A |
40 million |
3 million |
80 million |
|
B |
20 million |
4 million |
70 million |
|
C |
15 million |
(5 million) |
60 million |
|
D |
50 million |
(1 million) |
100 million |
|
E |
5 million |
(300,000) |
30 million |
|
F |
8 million |
(1.3 million) |
20 million |
|
Total |
138 million |
(600,000) |
360 million |
Using the profit/loss test, what is the minimum amount of profit/loss for a segment to be considered as reportable:
a.
700,000
b.
60,000
c.
600,000
d.
820,000
e.
Answer not among the
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