CAREBEAR CORP. engages in five diversified operations namely, operations A, B, C, D, and E. Information on these segments are shown below: Segments Revenues Profit (loss) Assets A 1,600 400 20,000 B 1,600 200 4,000 C 100 20 2,000 300 40 4,000 E 400 140 14,000 Totals 4,000 800 44,000 Additional information: 1. For internal reporting purposes, segments A and B are considered as one operating segment. 2. Segment E is considered as an operating segment for internal decision making purposes. 3. Segments C and D have similar economic characteristics and share a majority of the aggregation criteria. CAREBEAR shall report how many reportable segments? A. 2 C. В. 5 D. 3

CAREBEAR CORP. engages in five diversified operations namely, operations A, B, C, D, and E. Information on these segments are shown below: Segments Revenues Profit (loss) Assets A 1,600 400 20,000 B 1,600 200 4,000 C 100 20 2,000 300 40 4,000 E 400 140 14,000 Totals 4,000 800 44,000 Additional information: 1. For internal reporting purposes, segments A and B are considered as one operating segment. 2. Segment E is considered as an operating segment for internal decision making purposes. 3. Segments C and D have similar economic characteristics and share a majority of the aggregation criteria. CAREBEAR shall report how many reportable segments? A. 2 C. В. 5 D. 3

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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