Case 10. WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. 10. What is the minimum operating profit or loss for a segment to be classified as reportable segment? 4,700,000 b. 2,500,000 2,200,000 d. 2,000,000 а. с.

Case 10. WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. 10. What is the minimum operating profit or loss for a segment to be classified as reportable segment? 4,700,000 b. 2,500,000 2,200,000 d. 2,000,000 а. с.

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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Case 11. Essence Company and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Segment Intersegment sales External revenue A 1,000,000 5,000,000 B 1,500,000 3,000,000 C 4,000,000 8,000,000 D 500,000 1,300,000 E 2,000,000 2,800,000 F 200,000 900,000 11. What is the minimum amount of revenue to be considered a major customer?a. 3,020,000b. 2,100,000c. 1,800,000d. 2,920,000
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What is the total revenue of the reportable segments after considering the quantitative thresholds but without regard to aggregation criteria?
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None
7)
Your Corporation has two divisions: A Division and B Division. The corporation's net operating income is $31,800. The A Division's divisional segment margin is S111,800 and the B Division's divisional segment margin is $152,800. What is the amount of the common fixed expense not traceable to the individual divisions? O $121,000 O $232,800 O $ 80,000 O $296,400