How many reportable segments do FRUITAS have for year 2021 in accordance with IFRS 8, Operating Segments? FRUITY Company has six divisions that operate in the Philippines. The financial statements of FRUITY for 2021 showed the following:AssetsLiabilitiesEquityRevenueNet ProfitP5,000,000 P3,000,0005,000,0001,000,0001,000,000Orange15,000,0004,500,0008,000,0003,500,00010,000,0001,500,00020,000,00015,000,000৪,000,0003,500,0003,000,0002.500,0001,000,0002,200,0004,000,0001,000,000P.PBananaPear3,000,000AppleGrapes2,500,000300,000500,0001,300,0002,300,000Coconut5,500,0005,000,000500,000TOTAL37,800,00017,800,00020,000,000P11,000,000PPP52,000,000Assume the following distribution of revenues for each segment:From third party customersFrom other divisionsOrange95%5%Banana35%65%Рear80%20%Apple100%NoneGrapes85%15%Coconut45%55%

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FRUITY Company has six divisions that operate in the Philippines. The financial statements of FRUITY for 2021 showed the following: Assets Liabilities Equity Revenue Net Profit 15,000,000 4,500,000 8,000,000 3,500,000 1,300,000 5,500,000 37,800,000 5,000,000 P 3,000,000 5,000,000 1,000,000 1,000,000 5,000,000 20,000,000 Orange Banana P 10,000.000 P 1.500,000 20,000,000 P 15,000,000 8,000,000 P. 1,000,000 2,200,000 Pear 3,000,000 4,000,000 Apple Grapes Coconut TOTAL 2.500,000 300,000 500,000 P 17,800,000 3,500,000 1,000,000 3,000,000 2,300,000 2.500,000 500,000 P P P 52,000,000 P 11.000,000 Assume the following distribution of revenues for each segment: From third party customers From other divisions Orange 95% 5% Banana 35% 65% Pear 80% 20% Apple 100% None Grapes 85% 15% Coconut 45% 55%

FRUITY Company has six divisions that operate in the Philippines. The financial statements of FRUITY for 2021 showed the following: Assets Liabilities Equity Revenue Net Profit 15,000,000 4,500,000 8,000,000 3,500,000 1,300,000 5,500,000 37,800,000 5,000,000 P 3,000,000 5,000,000 1,000,000 1,000,000 5,000,000 20,000,000 Orange Banana P 10,000.000 P 1.500,000 20,000,000 P 15,000,000 8,000,000 P. 1,000,000 2,200,000 Pear 3,000,000 4,000,000 Apple Grapes Coconut TOTAL 2.500,000 300,000 500,000 P 17,800,000 3,500,000 1,000,000 3,000,000 2,300,000 2.500,000 500,000 P P P 52,000,000 P 11.000,000 Assume the following distribution of revenues for each segment: From third party customers From other divisions Orange 95% 5% Banana 35% 65% Pear 80% 20% Apple 100% None Grapes 85% 15% Coconut 45% 55%

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Question

How many reportable segments do FRUITAS have for year 2021 in accordance with IFRS 8, Operating Segments?

FRUITY Company has six divisions that operate in the Philippines. The financial statements of FRUITY for 2021 showed the following:
Assets
Liabilities
Equity
Revenue
Net Profit
P
5,000,000 P
3,000,000
5,000,000
1,000,000
1,000,000
Orange
15,000,000
4,500,000
8,000,000
3,500,000
10,000,000
1,500,000
20,000,000
15,000,000
৪,000,000
3,500,000
3,000,000
2.500,000
1,000,000
2,200,000
4,000,000
1,000,000
P.
P
Banana
Pear
3,000,000
Apple
Grapes
2,500,000
300,000
500,000
1,300,000
2,300,000
Coconut
5,500,000
5,000,000
500,000
TOTAL
37,800,000
17,800,000
20,000,000
P
11,000,000
P
P
P
52,000,000
Assume the following distribution of revenues for each segment:
From third party customers
From other divisions
Orange
95%
5%
Banana
35%
65%
Рear
80%
20%
Apple
100%
None
Grapes
85%
15%
Coconut
45%
55%

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