Exercise 24-03 Flounder Company is involved in four separate industries. The following information is available...
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Accounting
Exercise 24-03 Flounder Company is involved in four separate industries. The following information is available for each of the four industries. Operating 3X>N Total Revenue $62,176 10,710 26,800 7,514 $107,200 Operating Profit (Loss) $15,130 2,400 (3,020) 1,090 $15,600 $15,600 Identifiable Assets $178,176 89,088 21,504 18,432 $307,200 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) (c) Operating profit (loss) test. Identifiable assets test
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