Select either reportable or not reportable for each segment Following is information regarding the...
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Accounting
Select either reportable or not reportable for each segment
Following is information regarding the four distinct industries in which Antique Accents operates. Segment Total revenue Operating expenses Assets A $26,000 $35,000 $45,000 B 44,000 32,000 15,000 145,000 122,000 249,000 D 192,000 192,000 57,000 Totals $407,000 $381,000 $366,000 For each segment, indicate whether or not it must be reportable and therefore warrant disclosure using each of the following tests: a) The revenue test is used for the determination of reportability. Segment A: (Select one) Segment B: (Select one) Segment C: (Select one) Segment D: (Select one) b) The operating profit/(loss) test is used for the determination of reportability. Segment A: (Select one) Segment B: (Select one) Segment C: (Select one) Segment D: (Select one) c) The assets test is used for the determination of reportability. Segment A: (Select one) Segment B: (Select one) Segment C: (Select one) Segment D: (Select one)
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