Case 12. GLK Corporation and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Operating profit (loss)Segment A10,000,000Segment B2,000,000Segment C(11,000,000) Segment D3,000,000Segment E(12,000,000)12. In its segment information for the current year, which is (are) not a reportable segment(s)?a. A, B, Cb. B, D c. Bd. None

Introduction:- Calculation of not a reportable segments as follows:- Formula:-10% of qualifying…

Answered: Case 12. GLK Corporation and its…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Case 12. GLK Corporation and its divisions are engaged solely in manufacturing. The following data pertain to the
industries in which operations were conducted for the current year:

	Operating profit (loss)
Segment A	10,000,000
Segment B	2,000,000
Segment C	(11,000,000)
Segment D	3,000,000
Segment E	(12,000,000)

12. In its segment information for the current year, which is (are) not a reportable segment(s)?
a. A, B, C
b. B, D
c. B
d. None

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