P 15-2 Apply threshold tests The following information is available for 2016 for Ichi Company, a worldwide

Question:

P 15-2 Apply threshold tests The following information is available for 2016 for Ichi Company, a worldwide conglomerate (in millions):

Unaffiliated Sales Intersegment Sales Operating Profit

(Loss)

Assets Japan ¥800 — ¥300 ¥1,000 China 600 — 200 800 United States 550 ¥100 (50) 650 Europe 400 50 100 600 Korea 100 — (20) 300 Southeast Asia 50 20 10 100 Other 20 — 5 80 Segment 2,520 170 545 3,530 Corporate — — (60) 150 Consolidated ¥2,520 0 ¥485 ¥3,680 524 CHAPTER 15 REQuIRED 1. Which segments are reportable segments under

(a) the revenue test,

(b) the operating profit test, and (c)

the asset test?

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