Marin Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets W $59,160 $16,780 $155,846 10,190 2,550 77,923 Y 25,500 (3,240) 18,809 Z 7,150 1,210 16,122 $102,000 $17,300 $268,700 Determine which of the operating segments are reportable based on the: a. Revenue test. b. Operating profit (loss) test. C. Identifiable assets test. Reportable Segments
Marin Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets W $59,160 $16,780 $155,846 10,190 2,550 77,923 Y 25,500 (3,240) 18,809 Z 7,150 1,210 16,122 $102,000 $17,300 $268,700 Determine which of the operating segments are reportable based on the: a. Revenue test. b. Operating profit (loss) test. C. Identifiable assets test. Reportable Segments
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 16E
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Transcribed Image Text:Marin Company is involved in four separate industries. The following information is available for each of the four industries.
Operating Segment Total Revenue
Operating Profit (Loss)
Identifiable Assets
W
$59,160
$16,780
$155,846
10,190
2,550
77,923
Y
25,500
(3,240)
18,809
Z
7,150
1,210
16,122
$102,000
$17,300
$268,700
Determine which of the operating segments are reportable based on the:
a.
Revenue test.
b.
Operating profit (loss) test.
C.
Identifiable assets test.
Reportable Segments
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