Twodor Company is involved in four separate industries. Selected financial information concerning Twodors involvement in...
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Accounting
Twodor Company is involved in four separate industries. Selected financial information concerning Twodors involvement in each of the four industries is presented below:
Industry Segment
A
B
C
D
Total
Sales to nonaffiliates
$79,670
$19,800
$24,170
$12,090
$135,730
Intersegment sales
130,210
83,500
11,890
3,830
229,470
Total revenue
209,880
103,300
36,100
15,920
365,200
Operating profit (loss)
(17,510
)
11,890
1,510
(600
)
(4,710
)
Identifiable assets
223,490
110,600
27,850
26,040
387,980
Using all tests, determine which of the industry segments are reportable segments.
Reportable Segment
Segment
Revenue Test
Operating Profit Test
Identifiable Assets Test
Answer & Explanation
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