Franklin Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2011. Sales of segments B and C included intersegment sales of $20,000 and $100,000, respectively.

Instructions
(a) Determine which of the segments are reportable under IFRS based on each of the following:
1. Revenue test
2. Operating profit (loss) test
3. Assets test
(b) Prepare the necessary disclosures.
(c) The corporation€™s accountant recently commented, €œIf I have to disclose our segments individually, the only people who will gain are our competitors and the only people who will lose are our present shareholders.€ Evaluate this comment.

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Sales $40,000 串80,000 50,000 10,000 400U0 90,000 580,000 $35,000 55,000 30,000 18,000 48,000 75,000 $4,000 $ 7,000 19,000 Cost of goods sold Operating expenses 270,000 235,000 505,000 19,000 12,000 31,000 Total expenses Operating profit (loss $11,000 $(10,000) Assets Liabilities 29,000 $35,000 60,000 $500,000 $65,000 $50,000 $22,00031,000 $443,000 $12,000 $29,000