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1 Lyndoch Ltd is a wine manufacturer. The company has three segments Merlot, Sparkling and Cabernet. Each segment generates its revenue from sales to external
1 Lyndoch Ltd is a wine manufacturer. The company has three segments Merlot, Sparkling and Cabernet. Each segment generates its revenue from sales to external customers and from intra entity sales. Financial information is provided below. Required: Segment Merlot Revenue (5) $20,000 Sparkling 724,000 Cabernet 93.000 Expenses (5) 538,000 427,000 190,000 Assets (5) 1,600,000 1.130,000 41,000 a) Calculate the reporting thresholds for revenue, results and assets according to AASB 8 Operating Segments. Show all your workings. A table is not required, b) Using your calculations in a) above, discuss which segments are reportable operating segments and explain the reason why, according to AASB 8 Operating Segments. Provide an conclusion in your answer. ( c) Calculate and explain whether the 75% revenue benchmark test has been satisfied. Include workings in your answer.com
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