Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11) Dance Company has the following information for its five business segments: Segment Intersegment revenue Segment assets Revenue to external customers A 20,000,000 2,000,000 25,000,000

image text in transcribed
11) Dance Company has the following information for its five business segments: Segment Intersegment revenue Segment assets Revenue to external customers A 20,000,000 2,000,000 25,000,000 B 5,000,000 500,000 5.000.000 C 2,800,000 3,000,000 3.500,000 D 1,200,000 200,000 2,500,000 E 2,000,000 250,000 1,000,000 How much is the minimum amount that should be reported by the reportable segments? A. 22,500,000 B. 27,000,000 C49.500,000 D. 6,600,000 D 12) Starboy Corporation and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Operating profit (loss) Operating profit (loss) Segment A 10,000,000 Segment D 3,000,000 Segment B 2,000,000 Segment E (12,000,000) Segment (11,000,000) In its segment information for the current year, which is (are) not a reportable segment(s)? A. Segment A,B,D B. Segments B,D C Segment B D. None of them 13) Master Roshi Company provided the following information pertaining to operating segments for the year ended December 31, 2015 Total revenue P80,000,000 Sales to external customers included in total revenue 30,000,000 External revenue reported by reportable operating segments must be at least what amount? A. 60,000,000 B. 37.500,000 C30,000,000 22,500,000 14) The following segments were identified for Noxious Corporation: Segment Operating Profit or Loss #1 1,000,000 #2 200,000 #3 (500,000) (200,000) Which of the four segments is a reportable segment? A. 1 and 2 only B. 1 and 3 only C2, 2 and 3 only D. All four 15) Grecque Co. operates in four industries. Which of the following operating segments should be identified as a reportable segment under the operating profit or loss test? Segment Operating Profit (Loss) Rho 90,000 Sigma (200,000) 920,000 Upsilon (420,000) Segment Tau only C. Segments Sigma, Tau, and Upsilon. Segments Tau and Upsilon D. Segments Rho, Sigma, Tau, and Upsilon Tau A. B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2.3. Describe the skills of entrepreneurial hustle and coachability

Answered: 1 week ago