An entity identified the following segment for the current year:SegmentRevenueProfitAssetsA10,000,0001,750,00020,000,000B8,000,0001,400,00017,500,000C6,000,0001,200,00012,500,000D3,000,000550,0007,500,000E4,000,000575,0005,500,000F2,000,000525,0003,000,000 What are the reportable segments?a. SEGMENT A, B and Cb. SEGMENT A, B, C and Dc. SEGMENT A, B, C, D and Ed. SEGMENT A, B, C, D, E and F

Concept: First we Calculate % of Revenue, % Profit and % of Assets on respective total basis then…

Answered: What are the reportable segments?

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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An entity identified the following segment for the current year:

Segment	Revenue	Profit	Assets
A	10,000,000	1,750,000	20,000,000
B	8,000,000	1,400,000	17,500,000
C	6,000,000	1,200,000	12,500,000
D	3,000,000	550,000	7,500,000
E	4,000,000	575,000	5,500,000
F	2,000,000	525,000	3,000,000

What are the reportable segments?

a. SEGMENT A, B and C

b. SEGMENT A, B, C and D

c. SEGMENT A, B, C, D and E

d. SEGMENT A, B, C, D, E and F

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