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…

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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Similar questions

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
What are the reportable segments?
What are the reportable segments? (Answer should be presented in this manner, example: A-B-C-D-E-F-G)
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
Presented below are four segments that have been identified by Bramble Corp.: Operating Segments Total Revenue Profit (Loss) Identifiable Assets A $256000 $29100 $900500 B 600000 (54100) 800000 C 225000 5800 451000 D 89300 3000 225500 For which of the segments would information have to be disclosed in accordance with professional pronouncements? Segments A, B, and C Segments A, B, C, and D Segments A and B Segments A and D
Presented below are four segments that have been identified by XYZ, Inc. TE Segments Total revenue Profit (Loss) Identifiable Assets A 1,800,000 200,000 (350,000) 20,000 30,000 6,000,000 6,000,000 1,500,000 3,000,000 B 4,000,000 600,000 C D 1,300,000 Identify the reportable segments under the quantitative thresholds of PFRS 8.
Lechon Company provided the following data for the current year: Sales Cost of goods sold Expenses Depreciation Income tax expense The entity has two major reportable segments, A and B. An analysis revealed that P1,000,000 of the total depreciation expense and P2,000,000 of the expenses are related to general corporate activities. The remaining expenses and sales are directly allocable to segment activities according to the following percentages: Sales Cost of goods sold Expenses Depreciation P60,000,000 28,000,000 14,000,000 4,000,000 4,000,000 Segment A 40% 35 40 40 Segment B 45% Others 15% 15 20 15 50 40 45 What amount should be reported as net income of Segment A?

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