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
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
В
1,600
200
4,000
100
20
2,000
D
300
40
4,000
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.
C.
4
5
D. 3
B.
Transcribed Image Text: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 В 1,600 200 4,000 100 20 2,000 D 300 40 4,000 400 140 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. C. 4 5 D. 3 B.
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