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
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter25: Departmental Accounting
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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
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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