Revlon Company provided the following data for the currentProblem 13-16 (IAA)year.SegmentRevenueProfit (loss)Assets620,000100,000340,000190,000180,00070,000120,000380,000200,00020,00070,000( 30,000)( 25,000)10,000( 20,000)( 25,000)400,00080,000300,000140,000180,000120,000140,000140,000Others* The "others" category includes five operating segments,none of which has revenue or assets greater than P80,000and none with an operating profit.Operating Segments 1 and 2 produce very similarproducts and use very similar production processes, butserve different customer types and use quite differentproduct distribution system. These differences are duein part to the fact that Segment 2 operates in a regulatedenvironment while Segment 1 does not.*. Operating Segments 6 and 7 have very similar products,production processes, product distribution systems, butare organized as separate divisions since they servesubstantially different types of customers. NeitherSegments 6 and 7 operate in a regulated environment.Required:1. Determine the reportable segments without regard toaggregation criteria.2. If the 75% overall size test for reportable segments is notyet met, identify additional reportable segments.3. What are the reportable segments after considering allfactors?3791234567

The information above shows that any operating segment with revenue equal toor greater than P200,000…

Revlon Company provided the following data for the current year. Segment Revenue Profit (loss) Assets 1 620,000 100,000 340,000 190,000 180,000 70,000 120,000 380,000 200,000 20,000 70,000 ( 30,000) ( 25,000) 10,000 ( 20,000) ( 25,000) 400,000 80,000 300,000 140,000 180,000 120,000 140,000 140,000 6. Others The "others" H234 5o7

Revlon Company provided the following data for the current year. Segment Revenue Profit (loss) Assets 1 620,000 100,000 340,000 190,000 180,000 70,000 120,000 380,000 200,000 20,000 70,000 ( 30,000) ( 25,000) 10,000 ( 20,000) ( 25,000) 400,000 80,000 300,000 140,000 180,000 120,000 140,000 140,000 6. Others The "others" H234 5o7

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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Calculate the common size percentages and answer the questions below.
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