Yogi-Tech Ltd is a manufacturer and distributer of computer related products. The company has three segments Computer monitors, Software and Keyboards. Each segment generates its revenue from sales to external customers and from intra-entity sales. Financial information is provided below. Segment Revenue ($) Expenses ($) Assets ($) Monitors 520,000 538,000 1,600,000 Software 724,000 427,000 1,130,000 Keyboards 93,000 190,000 41,000 Required: Discuss with supporting calculations, which segments are reportable operating segment according to AASB 8 Operating Segments. Show key workings to support your answer.

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
Yogi-Tech Ltd is a manufacturer and distributer of computer related products. The company has three segments Computer monitors, Software and Keyboards. Each segment generates its
revenue from sales to external customers and from intra-entity sales. Financial information is provided below.
Segment
Revenue ($)
Expenses ($)
Assets ($)
Monitors
520,000
538,000
1,600,000
Software
724,000
427,000
1,130,000
Keyboards
93,000
190,000
41,000
Required:
Discuss with supporting calculations, which segments are reportable operating segment according to AASB 8 Operating Segments.
Show key workings to support your answer.
Transcribed Image Text:Yogi-Tech Ltd is a manufacturer and distributer of computer related products. The company has three segments Computer monitors, Software and Keyboards. Each segment generates its revenue from sales to external customers and from intra-entity sales. Financial information is provided below. Segment Revenue ($) Expenses ($) Assets ($) Monitors 520,000 538,000 1,600,000 Software 724,000 427,000 1,130,000 Keyboards 93,000 190,000 41,000 Required: Discuss with supporting calculations, which segments are reportable operating segment according to AASB 8 Operating Segments. Show key workings to support your answer.
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Cost control
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