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 2014. 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, "If 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 Cost of goods sold Operating expenses 0.00 Total expenses Operating profit (loss) $11,000 Assets Liabilities $40,000 19,000 10,000 29,000 $80,000 50,000 40,000 90,000 (10,000) $580,000 270,000 235,000 505,000 $75,000 $ 35,000 19,000 12,000 31,000 $ 4,000 $55,000 30,000 18,000 48,000 $7,000 $35,000 $60,000 $500,000 65,000 $50,000 $22,000 $31,000 $443,000 12,000 $29,000