ABC Inc. is a publicly accountable entity engaged in manufacturing operations in various industries. The following data pertain to the industries in which operations were conducted for the year ended December 31, 2017. Assets Industry Revenue Profit (loss) 12/31/15 A $14,000,000 $1,650,000 $40,000,000 B 8,000,000 1,400,000 7,500,000 2,000,000 (1,200,000) 2,500,000 3,000,000 340,000 6,500,000 E 4,250,000 885,000 6,000,000 F 1,500,000 225,000 4,000,000 $32,750,000 $3,300,000 $66,500,000 REQUIRED 1. Provide the attributes that would be used to identify an operating segment. II. According to IFRS, which of the above are reportable segments for Melon? Show details of all calculations (that is, if a segment qualifies under multiple criteria, show each calculation separately to show all the criteria that have been met). Part 2 (6 marks) The following events took place for HAWK Company after the company's fiscal March 31, 2019 year-end, but before the company's financial statements were released to the public. (1 One of HAWK's customers declared bankruptcy on April 4. The customer owed ) HAWK $12,000, which HAWK had already included in its Allowance for Doubtful Accounts. (2 There was a fire in one of HAWK's three factories on April 7. The factory was ) completely destroyed. Insurance is estimated to cover approximately half of the loss. (3 On April 16, a judge ruled on a lawsuit filed against HAWK two years previously ) by one of HAWK's customers. Unfortunately for HAWK, the judge surprisingly ruled in favour of the customer, and ordered HAWK to pay damages of $50,000. REQUIRED For each event, (a) recommend whether Hawk should (i) adjust the financial statements, (ii) disclose the event only in the notes to the financial statements, or (iii) neither adjust nor disclose and (b) briefly explain why you would make this recommendation