Marin Company is involved in four separate industries. The following information is available for each of the four industries.Operating Segment Total RevenueOperating Profit (Loss)Identifiable AssetsW$59,160$16,780$155,84610,1902,55077,923Y25,500(3,240)18,809Z7,1501,21016,122$102,000$17,300$268,700Determine which of the operating segments are reportable based on the:a.Revenue test.b.Operating profit (loss) test.C.Identifiable assets test.Reportable Segments

The task involves identifying which operating segments meet the reporting requirements based on…

Answered: Marin Company is involved in four…

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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Ivanhoe Company is involved in four separate industries. The following information is available for each of the four industries. Operating Profit (Loss) $16,780 Operating Segment Total Revenue Identifiable Assets $63,800 $160,370 X 10,990 2,550 80,185 Y 27,500 (3,240) 19,355 7,710 1,210 16,590 $110,000 $17,300 $276,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.
Waterway Company is involved in four separate industries. The following information is available for each of the four industries Operating Segment w X Total Revenue $56,202 9,680 24,225 6,793 $96,900 Operating Profit (Loss) $16,000 2,480 (3,130) 1,150 $16,500 Identifiable Assets $172,434 86,217 20,811 17,838 $297,300 Y Z Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.
Pearl Inc. is involved in five separate industries. The following information is available for each of the five industry segments. Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets A $140,790 $24,910 $239,210 B 40,690 7,960 11,060 C 26,180 (4,960 ) 35,950 D 191,850 (2,000 ) 59,050 E 2,000 500 14,990 $401,510 $26,410 $360,260 Part 1 Determine which of the operating segments are reportable based on the revenue test.
(Segmented Reporting) Carlton Company is involved in four separate industries. The following information is available for each of the four industries. Check the below image for information. InstructionsDetermine which of the operating segments are reportable based on the:(a) Revenue test.(b) Operating profit (loss) test.(c) Identifiable assets test.
Monty Company Is Involved In four separate Industrles. The followIng Information Is avallable for each of the four Industries. operating Segment Total Revenue Operating Profit (Loss) $15,220 2,410 (3,020) Identifiable Assets W. $55,796 $182,990 91,495 24,050 6,744 1,090 18,930 $96,200 $15,700 $315,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. IdentifiabiE 25sets test.
Pina Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment W a. X Y Z Total Revenue Revenue test. $57,246 9,860 24,675 6,919 $98,700 Operating Profit (Loss) $16,970 2,570 (3,260) Determine which of the operating segments are reportable based on the: W&X Reportable Segments 1,220 $17,500 Identifiable Assets $165,764 82,882 20,006 17,148 $285,800
Presented below are four segments that have been identified by Haley Productions: OperatingSegments Total Revenue Profit (Loss) Identifiable AssetsA $510,000 $48,000 $1,100,000 B 140,000 35,000 550,000 C 210,000 (6,000) 350,000 D 80,000 (13,000) 210,000 E 60,000 10,000 160,000 For how many segments would information have to be disclosed in accordance with professional pronouncements? a. 4 b. 3 c. 2 d. 5
Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operating segments for the current year:In its segment information for the current year, how many reportable segments does Hyams have?a. Threeb. Fourc. Fived. Six
Hi expert please give me answer general accounting
Corycorn Corp. and its divisions (each is an operating segment) are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the operations conducted for the yaer ended December 31, year 1: (Industry Operating Segment) Total revenue Operating profit Identifiable assets at 12/31/Y1 A P10,000,000 P1,750,000 P20,000,000 B 8,000,000 1,400,000 17,500,000 C 6,000,000 1,200,000 12,500,000 D 3,000,000 550,000 7,500,000 E 4,250,000 675,000 7,000,000 F…
Presented below are four segments that have been identified by Haley Productions: Segments Total Revenue Operating Profit (Loss) Identifiable Assets A B с $255,000 600,000 225,000 90,000 $30,000 (55,000) Oa. segments A, B, C, and D Ob. segments A, B, and C Oc. segments A and B and D Od. segments A 6,000 4,000 $900,000 800,000 450,000 225,000 For which of the segments would information have to be disclosed in accordance with professional pronouncements?
The following provides information on the segments that have been identified by Bernard Productions: Total Revenue Operating Segments (Unaffiliated) Profit (Loss) Identifiable Assets A $429,000 $34,000 $800,000 B 355,800 (36,000) 650,000 C 95,400 2,000 108,000 D 90,000 3,000 75,000 Which of the segments listed above would information have to be disclosed in accordance with GAAP?

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