ABCDESales Revenue 40,000 75,000 580,000 35,000 ...ABCDESales Revenue 40,000 75,000 580,000 35,000 55,000Cost of Goods...

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Accounting

A B C D E
Sales Revenue      40,000      75,000      580,000      35,000      55,000
Cost of Goods Sold      19,000      50,000      270,000      19,000      30,000
Operating Expenses      10,000      40,000      235,000      12,000      18,000
Identifiable Assets      35,000      80,000      500,000      65,000      50,000
After conducting all of the applicable segmenttests on the above information
provided, which segments are reportable?

Answer & Explanation Solved by verified expert

3.5 Ratings (634 Votes)

As per conducting segment Tests Segment A , B and C are reportable.


		Reportable Segments
a.	Revenue test	C
b.	Operating Profit (loss) test	A, B and C
c.	Identifiable assets tes	B and C
All three segments are reportable that is A , B and C. Even if only one test is satisfied than the segment is reportable.

Workings:
Operating Segments	Total revenue		Operating profit (loss)		Identifiable assets
A	$ 40,000	Nonreportable	$ 11,000	Reportable	$ 35,000	Nonreportable
B	$ 75,000	Nonreportable	$ -15,000	Reportable	$ 80,000	Reportable
C	$ 5,80,000	Reportable	$ 75,000	Reportable	$ 5,00,000	Reportable
D	$ 35,000	Nonreportable	$ 4,000	Nonreportable	$ 65,000	Nonreportable
E	$ 55,000	Nonreportable	$ 7,000	Nonreportable	$ 50,000	Nonreportable
	$ 7,85,000		$ 82,000		$ 7,30,000

Reportable segment if contains amount more than 10% of Total	$ 78,500		$ 8,200		$ 73,000

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In: AccountingABCDESales Revenue 40,000 75,000 580,000 35,000 ...ABCDESales Revenue 40,000 75,000 580,000 35,000 55,000Cost of Goods Sold 19,000 50,000 270,000 19,000 30,000Operating Expenses 10,000 40,000 235,000 12,000 18,000Identifiable Assets 35,000 80,000 500,000 65,000 50,000After conducting all of the applicable segmenttests on the above informationprovided, which segments are reportable?

ABCDESales Revenue 40,000 75,000 580,000 35,000 ...ABCDESales Revenue 40,000 75,000 580,000 35,000 55,000Cost of Goods...

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Accounting

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A	B	C	D	E
Sales Revenue	40,000	75,000	580,000	35,000	55,000
Cost of Goods Sold	19,000	50,000	270,000	19,000	30,000
Operating Expenses	10,000	40,000	235,000	12,000	18,000
Identifiable Assets	35,000	80,000	500,000	65,000	50,000

After conducting all of the applicable segmenttests on the above information
provided, which segments are reportable?