Lulu Company and its divisions are engaged solely in manufacturing operations. The following data pertain to industries in which operations were conducted for the year ended December 31, 2021. Segments Revenues Profit (Loss) Assets А 20M 3.6M 40M 16M 2.8M 36M C 12M 2.4M 28M 6M 1.2M 16M E 9M 1.4M 14M 3M 0 6M 6M
Lulu Company and its divisions are engaged solely in manufacturing operations. The following data pertain to industries in which operations were conducted for the year ended December 31, 2021. Segments Revenues Profit (Loss) Assets А 20M 3.6M 40M 16M 2.8M 36M C 12M 2.4M 28M 6M 1.2M 16M E 9M 1.4M 14M 3M 0 6M 6M
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter25: Departmental Accounting
Section: Chapter Questions
Problem 2CE
Related questions
Question
In its segment information for 2021, how many reportable segments does Lulu Company have?
A. 2
B. 3
C. 5
D. 6
![Lulu Company and its divisions are engaged solely in manufacturing operations. The following data
pertain to industries in which operations were conducted for the year ended December 31, 2021.
Profit (Loss)
3.6M
Segments
Revenues
Assets
A
20M
40M
B
16M
2.8M
36M
C
12M
2.4M
28M
6M
1.2M
16M
E
9M
1.4M
14M
F
3M
0.6M
6M
Total
66M
12M
140M](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F470b8c94-d36a-48fe-b247-019123f88e71%2Fec57f7ef-5ec2-43e3-9674-d362270f16f4%2Fytnm1z_processed.png&w=3840&q=75)
Transcribed Image Text:Lulu Company and its divisions are engaged solely in manufacturing operations. The following data
pertain to industries in which operations were conducted for the year ended December 31, 2021.
Profit (Loss)
3.6M
Segments
Revenues
Assets
A
20M
40M
B
16M
2.8M
36M
C
12M
2.4M
28M
6M
1.2M
16M
E
9M
1.4M
14M
F
3M
0.6M
6M
Total
66M
12M
140M
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