publicly-owned entity, assesses performance and makes operating decisions using for the reportable segments total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss included intersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision maker.For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments? Case 4. Ina Company, a publicly-owned entity, assesses performance and makes operating decisions using for thereportable segments total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss includedintersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that arenot allocated in reports reviewed by the chief operating decision maker.4. For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?345,000b. 406,000a.350,000d. 411,000C.

solution concept segment profit of the reportable segments while calculating the segment…

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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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publicly-owned entity, assesses performance and makes operating decisions using for the reportable segments total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss included intersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision maker.

For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?

Case 4. Ina Company, a publicly-owned entity, assesses performance and makes operating decisions using for the
reportable segments total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss included
intersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that are
not allocated in reports reviewed by the chief operating decision maker.
4. For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?
345,000
b. 406,000
a.
350,000
d. 411,000
C.

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