LaGraca Inc. is involved in five separate industries. The following information is available for each of the
Question:
Instructions
Determine which of the operating segments are reportable under IFRS based on each of the following:
(a) Revenue test
(b) Operating profit (loss) test
(c) Assets test
Transcribed Image Text:
Operating Segment Total Revenue Operating Profit (Loss) $25,000 8,000 (5,000) (2,000) Assets $140,000 40,000 26,000 190,000 $240,000 11,000 36,000 49,000 15,000 2,000 500 $398,000 $26,500
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a Revenue test 10 X 398000 39800 Segments A 140000 B 40000 and ...View the full answer
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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