Timmy Company provided the following information pertaining to revenue earned by operating segments for the current year: Segment Sales to unaffiliated Intersegment sales Total revenue customers P 5,000 P 8,000 12,000 4,000 Alo P3,000 4,000 Bix 8,000 4,000 43,000 Cee Dil 59,000 In conformity with the revenue test, what is the total revenue of the reportable segments? 16,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

59. Question: In conformity with the revenue test, what is the total revenue of the reportable segments?

CHOICES:
P51,000
P52,000
P71,000
P60,000
Timmy Company provided the following information pertaining to revenue earned by operating segments
for the current year:
Segment
Sales to unaffiliated
Intersegment sales
Total revenue
customers
P 5,000
8,000
4,000
43,000
Alo
Р3,000
P 8,000
Bix
4,000
12,000
Се
4,000
Dil
16,000
59,000
In conformity with the revenue test, what is the total revenue of the reportable segments?
Transcribed Image Text:Timmy Company provided the following information pertaining to revenue earned by operating segments for the current year: Segment Sales to unaffiliated Intersegment sales Total revenue customers P 5,000 8,000 4,000 43,000 Alo Р3,000 P 8,000 Bix 4,000 12,000 Се 4,000 Dil 16,000 59,000 In conformity with the revenue test, what is the total revenue of the reportable segments?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Analytical Techniques
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education