E 15-4 Apply threshold tests Shin Company is based in Japan, but operates internationally. Sales data based
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E 15-4 Apply threshold tests Shin Company is based in Japan, but operates internationally. Sales data based on geographical area for 2016 are as follows (in millions):
Unaffiliated Sales Intersegment Sales Total Japan ¥500 ¥100 ¥600 China 450 75 525 United States 250 25 275 Europe 50 5 55 Korea 30 — 30 South-east Asia 25 — 25
¥1,305 ¥205 ¥1,510 Segment and Interim Financial Reporting 519 The total unaffiliated sales of ¥1.305mn is the amount of revenue reported in Shin’s consolidated financial statement.
REQuIRED: Prepare an appropriate segmented revenue and reconciliation schedule for 2016.
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