Use the following information for the next two (2) questions: Illusory Company has the following information for its five business segments for the year 2016: Segment Segment Revenue Segment profit (loss) Segment Assets 20,000,000 5,000,000 2,800,000 A 2,000,000 15,000,000 5,000,000 3,000,000 1,000,000 B 500,000 C (1,000,000) 1,200,000 200,000 E 1,000,000 (250,000) 1,000,000 27. Based on operating profit test, how many segments are deemed reportable? А. 2 В. 4 С. 3 D. 4 28. Based on asset taste, which of the foregoing are reportable segment? А. А, В, С В. А, В, С, D С. А, В, С, D, Е D. А, В
Use the following information for the next two (2) questions: Illusory Company has the following information for its five business segments for the year 2016: Segment Segment Revenue Segment profit (loss) Segment Assets 20,000,000 5,000,000 2,800,000 A 2,000,000 15,000,000 5,000,000 3,000,000 1,000,000 B 500,000 C (1,000,000) 1,200,000 200,000 E 1,000,000 (250,000) 1,000,000 27. Based on operating profit test, how many segments are deemed reportable? А. 2 В. 4 С. 3 D. 4 28. Based on asset taste, which of the foregoing are reportable segment? А. А, В, С В. А, В, С, D С. А, В, С, D, Е D. А, В
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following information for the next two (2) questions:
Illusory Company has the following information for its five business segments for the year 2016:
Segment Revenue
20,000,000
Segment Assets
15,000,000
5,000,000
Segment
Segment profit (loss)
A
2,000,000
В
5,000,000
500,000
C
2,800,000
(1,000,000)
3,000,000
1,200,000
1,000,000
D
200,000
1,000,000
E
(250,000)
1,000,000
27. Based on operating profit test, how many segments are deemed reportable?
А. 2
В.
4
С. 3
D. 4
28. Based on asset taste, which of the foregoing are reportable segment?
А, В, С, D
А. А, В, С
В.
С. А, В, С, D, E
D. A, B
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