Question
Bridgeport Inc. has three operating segments with the following information: Automotive Furniture Clothing Sales to outsides $4,000,000 $500,000 $2,000,000 Intersegment sales none none $100,000 Segment
Bridgeport Inc. has three operating segments with the following information:
Automotive Furniture Clothing
Sales to outsides $4,000,000 $500,000 $2,000,000
Intersegment sales none none $100,000
Segment expense $3,000,000 $624,000 $1,700,000
What is the minimum profit or loss a segment must have to be considered a reportable segment?
Hint: Profit and loss test.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
